Transfer of bad loans to NARCL likely to start by September

Banking sources told The New Indian Express that no banks have begun the transfer of loans yet and the same is likely to start only by the end of the September quarter.

published on : 29th July 2022

PNB Housing Finance, 12 individuals settle with Sebi a case related to Carlyle deal 

The amount includes Rs 44.26 lakh as legal costs, the Securities and Exchange Board of India said in an order on Tuesday.

published on : 19th July 2022

UK high court hears Nirav Modi plea against extradition to India

The diamond merchant had lodged an appeal last year against his extradition order on mental health grounds. The hearing this week is for the continuation of that appeal, with judgment likely soon.

published on : 28th June 2022

Home loans, EMIs get dearer days ahead of RBI MPC meet

PNB and ICICI Bank have raised their internal benchmark or marginal cost of fund-based lending rate (MCLR) by 15 basis points (bps) and 30 bps each effective June 1.

published on : 2nd June 2022

Key official of diamantaire Nirav Modi company deported from Egypt: Officials

Subhash Shankar Parab was the Deputy General Manager (Finance) in Firestar Diamond, officials said on Tuesday.

published on : 12th April 2022

PNB lead bank for newly-formed district in Meghalaya 

A bank having a relatively large network of branches in rural areas of a district with adequate financial and manpower resources is generally given the lead bank responsibility for that district.

published on : 23rd March 2022

PNB reports loan fraud of Rs 2,000 crore by  IL&FS Tamil Nadu Power

The company had a payment due of Rs 7,181 crore at the end of March 31, 2021, according to its annual report.

published on : 16th March 2022

Punjab National Bank's chief manager arrested for collusion in Rs 400 crore loan scam: Police

Some of the former employees of the bank who colluded in the scam too would be arrested soon, the SP said.

published on : 9th March 2022

RBI imposes penalty on PNB, ICICI Bank for deficiencies in regulatory compliance

In the case of the ICICI Bank, the RBI said the statutory inspection for supervisory evaluation of the bank was conducted by it with reference to its financial position as of March 31, 2019.

published on : 15th December 2021

Will liaise with UK authorities for Nirav Modi's early extradition: MEA

The diamantaire, wanted in India on charges of fraud and money laundering in the estimated USD 2-billion Punjab National Bank (PNB) scam case, lost his legal battle against extradition.

published on : 25th February 2021

Nirav Modi to be extradited to India, UK court satisfied there is evidence of fraud

After a long legal battle, the UK court accepted that the diamantaire had threatened witnesses and tampered with evidence.

published on : 25th February 2021

HC seeks Centre, Netflix response to Mehul Choksi's plea on 'Bad Boy Billionaires' docuseries

A bench of Chief Justice D N Patel and Justice Prateek Jalan issued notice to the Centre and Netflix and sought their stand by September 23 on Choksi's appeal.

published on : 7th September 2020

No need to approach govt for capital; bank to raise funds from market: PNB MD

Shares of the bank were hovering around Rs 65 level during the last week of August 2019 as compared to Rs 35.30 on Monday on the BSE.

published on : 24th August 2020

Punjab National Bank fraud: Interpol issues red corner notice against Nirav Modi's​​​​​​​ aide

Bhansali, who was an executive of Nirav Modi's Firestar International firm, is absconding since the probe started in the alleged USD 2 billion PNB fraud case.

published on : 6th September 2018

Punjab National Bank posts Rs 940 crore loss in Q1

The public sector bank had posted a net profit of Rs 343.40 crore in the April-June quarter of 2017-18.

published on : 7th August 2018

PNB scam: Senior executive of Nirav Modi firm gets bail

Vipul Ambani was aware of the fraudulent letters of undertaking (LoUs) issued by PNBs former deputy manager Gokulnath Shetty in favour of Modi's firms.

published on : 4th August 2018

Antigua Opposition slams citizenship to PNB scam accused Mehul Choksi

Chairman of the United Progressive Party in A&B, pointed to a resolution passed this week in Parliament allowing the CIU to operate offshore bank accounts and to accept payment in cryptocurrencies.

published on : 4th August 2018

Antigua says Indian agencies had given 'no adverse information' on Mehul Choksi during citizenship check: Report

CBI had on July 25 sought the whereabouts of Choksi and written to Antiguan authorities, demanding details about him.

published on : 3rd August 2018

India had asked Antigua to detain PNB scam accused Mehul Choksi after information of his presence on island

Sources said India was in touch with the island nation following reports of Choksi's presence there and requested the authorities there to restrict his movements by land, sea and air.

published on : 30th July 2018

PNB scam case: Took citizenship of Antigua last year to expand business, says Mehul Choksi

Choksi, the alleged partner-in-crime of his nephew Nirav Modi in the banking fraud, refused to say anything further on the issue, on the advice of his lawyers.

published on : 27th July 2018
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