• Tag results for Punjab National Bank

Financial ministry to provide capital to more banks by September

The ministry has already finalised capital infusion of Rs 11,336 crore in five PSBs to help them meet their interest payment commitments without impacting their regulatory capital requirements.

published on : 18th July 2018

Punjab National Bank ​appoints i-bankers for stake sale in housing arm

Last week, the bank and Carlyle Group, which owns over 32 per cent in PNB Housing Finance, had announced their plans to sell at least 51 per cent stake in the company.

published on : 16th July 2018

SEBI proposes tighter rules for auditors, valuers

The proposed changes come months after Punjab National Bank, stunned markets after uncovering a $2 billion loan fraud that had gone undetected for years.

published on : 14th July 2018

PNB invites bids to sell three NPA accounts to recover over Rs 136 crore

Apart from referring potential NPA cases to the Insolvency and Bankturty Code, the banks are also selling off their non-core assets to improve their balance sheets.

published on : 6th July 2018

PNB Scam: Interpol issues Red Corner Notice against Nirav Modi, two others

The Interpol asks its 192 member countries to arrest or detain the person if spotted in their countries after which extradition or deportation proceedings can begin.

published on : 2nd July 2018

Developments in favour of PNB in US bankruptcy case of Nirav Modi firm: MD Sunil Mehta

Citing it as one of the major positive developments, Mehta said the US court has made it very clear that money will not be distributed among creditors of Firestar Diamond Inc.

published on : 1st July 2018

PNB set up centralized loan processing centre to improve quality credit

The bank has opened its first CLPC as well as launched a new initiative called 'Reach In Reach Out' (RIRO) as part of efforts to improve credit quality and ensure faster processing of loans.

published on : 29th June 2018

PNB scam: Accused Hemant Bhatt challenges PMLA court's jurisdiction, seeks case transfer to CBI court

The PMLA court has no power to continue with the case as the cognisance (of the charge sheet) has been taken by special CBI judge, Bhatt's lawyer Vijay Aggarwal said.

published on : 27th June 2018

Punjab National Bank's capital adequacy falls plunges

At the end of March, 2018, the total capital ratio as per the Basel-III requirement declined to 9.20 per cent as against 11.66 per cent at the end of March 2017.

published on : 14th June 2018

PNB scam proceeds mainly went to Nirav Modi's sister, other family members: ED

A special PMLA court yesterday issued non-bailable warrants against the fugitive diamantaire and his family members in the PNB fraud case after taking cognisance of the ED prosecution's charges

published on : 13th June 2018

PNB fraud: UK officials confirm Nirav Modi's presence in their country

The confirmation came at a meeting on counter-terrorism in Delhi between a UK delegation and an Indian delegation.

published on : 12th June 2018

PNB fraud: CBI seeks Interpol's Red Corner Notice against absconding billionaire Nirav Modi

The agency has written to the Interpol to issue the notice which would mean that the member countries of the Lyon-based international police cooperation agency can arrest and extradite Nirav Modi.

published on : 11th June 2018

PNB expects Rs 8,000 crore recovery from NPAs this month

It is to be noted that PNB posted loss of Rs 13,416.91 crore for the fourth quarter ended March, 2018, the biggest ever by any domestic lender.

published on : 10th June 2018

Fitch downgrades PNB's viability rating to 'b' from 'bb-'

Fitch Ratings today downgraded the viability rating (VR) of scam-hit Punjab National Bank to 'b' from 'bb-', and maintained it on rating watch negative (RWN).

published on : 4th June 2018

Punjab National Bank pins hope on asset sale, IBC resolution to raise Rs 13,000 crore

The PSU lender, among other things, is planning to sell stake in its arm PNB Housing Finance where it holds 39.08 per cent.

published on : 1st June 2018
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