Tag: Pnb

New Delhi: State-run Punjab National Bank (PNB) on Tuesday posted a loss of Rs 4,750 crore in the fourth quarter of the last fiscal ended March, against the net profit of Rs 13,417 crore in the same period a year ago, the bank said. PNB slipped back into losses during the quarter in consideration after […]

Mumbai: The beleaguered public sector Punjab National Bank (PNB) has admitted to 1,142 big and small defaulters all over India who have defaulted a stupendous Rs 25,090.3 crore. Of these 1,142, the PNB has so far initiated recovery proceedings by filing suits against 1,108 defaulters to recover Rs 23,879.8 crore. However, no suits have been […]

London: Fugitive diamantaire Nirav Modi is set to appear via videolink from prison for a routine remand hearing before Westminster Magistrates’ Court in London on Thursday. The 48-year-old, who has been lodged at Wandsworth prison in south-west London since his arrest in March in connection with the nearly USD 2 billion Punjab National Bank (PNB) […]

New Delhi: Another fraud, this time amounting to Rs 3,805.15 crore has been reported at the state-run Punjab National Bank (PNB), this time by the now-insolvent Bhushan Power and Steel Ltd (BPSL). In February 2018, the Rs 13,500-crore scam involving diamantaires Nirav Modi and Mehul Choksi had come to light at the PNB. In a […]

Bhopal: The Punjab National Bank (PNB) has recovered Rs 278.66 crore as penalty in the financial year 2018-19 from the poor account holders for not maintaining the minimum balance. This was revealed after an RTI activist in Madhya Pradesh’s Neemuch district, Chandrashekhar Gaur sought information from the PNB on the amount recovered from the account […]

Mumbai: The board of Punjab National Bank (PNB) on Thursday gave an “in-principle approval” to merger with itself of Oriental Bank of Commerce (OBC) and United Bank of India (UBI). The board also approved the Rs 18,000 crore capital infusion, as announced by the government last week. On Wednesday Moody’ Investors Service updated its outlook […]

Kolkata: The amalgamated entity of United Bank of India (UBI), Punjab National Bank (PNB) and Oriental Bank of Commerce (OBC) will come into effect from April 1 next year, a top official said on Saturday. The merged unit, likely to have a new name, will be the second largest bank in the country after State […]

New Delhi: The first phase of ‘Loan Mela’, an outreach programme for providing credit to retail customers and MSMEs, will begin from Thursday across 250 districts across the country to meet demand during the festival period. During the four days beginning October 3, loans will be sanctioned for retail, agriculture, vehicle, home, MSME, education and […]