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Tag: Punjab National Bank

PNB-Loot-case
PNB ATM Loot: 2 Key Accused Could Help Unravel Mystery Of Several ATM Loots In Odisha

Bhubaneswar: The Commissionerate Police has hopes to elicit many vital information about a series of ATM loots across the state from the two key accused in the PNB ATM loot case whose custody has been obtained from the Vizag police. Samarjyot Singh who hails from Punjab and Zafar Sadiq a native of Kerala had been […]

PNB-Loot-case
PNB ATM Loot Case Cracked: Two Inter-State Robbers Arrested From Vizag

Bhubaneswar: Two inter-State robbers, who were involved in a major ATM loot case in Bhubaneswar, have been arrested by the Vizag police, Twin City Police Commissioner, Sudhanshu Sarangi said on Friday. While addressing a press conference, Sarangi informed that the two accused- Samarjyot Singh who hails from Punjab and Zafar Sadiq a native of Kerala […]

Bhubaneswar: Miscreants Loot Rs 28 Lakh From PNB ATM
Bhubaneswar: Miscreants Loot Rs 28 Lakh From PNB ATM

Bhubaneswar: Miscreants looted Rs 28 lakh after breaking open an ATM of Punjab National Bank on Patia railway station road under Infocity police limits here on Sunday. According to maintenance employee Utam Kumar Banua the miscreants used a  gas cutter machine to break open the ATM. “The loot happened late night and exact time of […]

PNB
Bhubaneswar: Punjab National Bank Manager Arrested For Rs 2.5 Crore Loan Fraud

Bhubaneswar: A former manager of the Punjab National Bank (PNB) Bapuji Nagar branch was arrested along with another person in connection with Rs 2.5 crore loan fraud case on Tuesday. The Economic Offences Wing (EOW) of the State Crime Branch arrested the senior manager Srikanta Prasad Prusty and proprietor of K P Solutions Kali Prasad […]

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PNB Fraud: CBI Stumbles Upon More Cash In Locker Of Bhubaneswar-based Firm’s Ex-Director

Bhubaneswar: Central Bureau of Investigation (CBI) on Thursday detected further Rs 28 lakh cash from the bank locker of Kaushik Mohanty, the then director of Bhubaneswar-based firm, Global Trading Solutions Ltd. The firm is now under CBI scanner in connection with the alleged fraud of Rs 32 crore (Approx) in Punjab National Bank (PNB) branch […]

SBI job notification in May 2019
Banks To Hold Loan Fairs Across 250 Districts From Thursday

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 […]

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Merged Entity Of UBI, PNB, OBC To Become Operational From April 1 Next Year

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 […]

Mamata-and-Modi
Mamata writes to Modi, opposes merger of banks

Kolkata: Urging the Centre not to ‘deprive’ her state, West Bengal Chief Minister Mamata Banerjee has written to Prime Minister Narendra Modi opposing the decision to merge two Kolkata headquartered public sector banks with those with head offices in Delhi and Chennai, respectively, without consulting her government. Banerjee called for a rethink of the “sudden […]

PNB
Govt Announces Mega Merger Of PSBs, Bringing Down Their Number To 12

New Delhi: In the biggest consolidation exercise in the banking space, the government on Friday announced four major mergers of public sector banks, bringing down their total number to 12 from 27 in 2017, a move aimed at making state-owned lenders global sized banks. United Bank of India and Oriental Bank of Commerce will be […]

PNB
PNB recovers Rs 278 cr from poor account holders as penalty

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 […]

choksi
ED attaches Rs 24.77 cr of properties of Mehul Choksi

New Delhi: The Enforcement Directorate (ED) attached immovable properties, valuables, vehicles and bank accounts with a total value of Rs 24.77 crore of fugitive diamond trader Mehul Choksi. The action was taken under the Prevention of Money Laundering Act, 2002 in connection with the Punjab National Bank fraud case. The ED has attached three commercial […]

PNB-Bhusan
PNB reports Rs 3,805 crore fraud by Bhushan Power & Steel

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 […]

Nirav-Modi
DRT raps Nirav Modi, orders him to pay Rs 7,200 crore to PNB, others

Pune/Mumbai: Spelling relief for Punjab National Bank (PNB), the Debt Recovery Tribunal (DRT) in Pune has ordered absconding diamantaire Nirav Modi and his group companies to pay Rs 7,200 crore to PNB and others with interest, official sources said here on Saturday. The DRT’s final order came on a plea filed by the PNB in […]

Mehul
ED offers to provide air ambulance to bring Choksi back

New Delhi: The Enforcement Directorate (ED) on Saturday rejected a plea by fugitive diamantaire Mehul Choksi that he should be questioned in Antigua because of his health condition and said it can arrange air ambulance with medical experts to bring him back to India for interrogation in connection with the PNB fraud case. Choksi, who […]

PNB
PNB admits staggering loan defaults of Rs 25,000-crore

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 […]

paytm
Paytm Payments Bank ahead of major banks in digital transaction target

New Delhi: Paytm Payments Bank has received a target of 501.16 crore digital transactions for the financial year 2019-20 from the Ministry of Electronics and Information Technology (MeitY), higher than the targets set for major banks including HDFC Bank, ICICI Bank and Punjab National Bank. In a statement, Paytm Payments Bank said it is only […]

PNB
PNB slips back into loss of Rs 4,750 crore in Q4

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 […]

Mehul-Choksi
PNB ruined Gitanjali Gems to hide its misdeeds: Choksi

New Delhi: Key accused in the PNB fraud case, Mehul Choksi on Thursday said the state-run Punjab National Bank intentionally “destroyed” Gitanjali Gems, the luxury brand owned by him, with an aim to hide its “own wrongdoings”. He said that the company should not have been taken for liquidation and kept afloat instead, even if […]

jet-airways
Jet asks for Rs 400 cr; fleet down to 5 aircraft

Mumbai: Financially-challenged Jet Airways has reportedly requested lenders for an interim funding of Rs 400 crore to stave off a temporary closure, even as its current operational fleet further shrunk to five aircraft. According to the Civil Aviation Secretary Pradeep Singh Kharola, the airline on Tuesday operated only five aircraft down from seven yesterday. Under […]

Mehul
Mehul Choksi cries foul, claims real scam culprits free

New Delhi: Key accused in the PNB fraud case, Mehul Choksi on Monday said that the actual culprits of the Rs 14,000 crore fraud are roaming free and being protected, while he has been implicated without any evidence. In a statement, Choksi accused Debajyoti Dutta, proprietor of Rishika Financials and Gokulnath Shetty, Deputy Manager of […]

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Nirav Modi tracked down in London

New Delhi: Fugitive diamantaire Nirav Modi, who is wanted by Indian agencies in the Rs 13,500 crore Punjab National Bank fraud case, has been spotted in London, a media report said. A video released by the UK’s The Telegraph newspaper showed Nirav Modi walking the London streets. He wore a changed look — with handle […]

crime
PNB customer care official abducted, killed in Bihar

Gaya: A Punjab National Bank (PNB) customer care personnel was abducted and later killed by unidentified criminals in Gaya district in Bihar. The bank’s Customer Service Point (CSP) in-charge Pintu Singh was abducted late on Friday from near Amas, Officer in-chrage of Amas Police station Shayam Lal Sarah said. After his kidnapping which was after […]

bank-holidays december
Alert! Banks To Remain Closed For 5 Days This December

Kolkata: Ahead of the strike called by the United Forum of Bank Unions (UFBU) on December 26, one of the bank officers’ union has called a strike on December 21, demanding unconditional mandate for the XIth bipartite wage revision talks, officials said on Wednesday. In the wake of strikes and holidays, the banks will remain […]

PNB
PNB wins Hindi implementation award

New Delhi: State-run Punjab National Bank (PNB) on Friday bagged the “Rajbhasha Kirti” award for outstanding performance in implementing the Official Language Policy during 2017-18, the bank said. The award, under the category of ‘Nationalised Banks and Financial Institutions in Region A’, was presented by Vice President M. Venkaiah Naidu to PNB Chief Executive and […]

IBPS recruitment 2019 exam notification
IBPS Recruitment 2019-20: Notification out for 4102 Probationary posts; Get Details Here

Institute of Banking Personnel Selection (IBPS) has released a recruitment notification for the positions of Probationary Officer/ Management Trainee under IBPS recruitment 2019-20. Interested and eligible candidates can apply for the positions from August 14, 2018 while the deadline to submit application form is September 4, 2018. Selection Process: The examination will be two tier […]

mehul-kBlC-621x414@LiveMint
PNB fraud: Choksi denies any truth in allegations

New Delhi: Fugitive diamond jeweller Mehul Choksi, who is wanted by Indian investigative agencies in the Rs 13,500 crore Punjab National Bank (PNB) fraud case, has denied “any truth in the allegations”. In a statement issued to a Caribbean newspaper ‘Antigua Observer’, Choksi through his attorney David Dorsett said: “I can say categorically, that there […]

PNB-fraud
PNB scam: ED issues summons to Nirav Modi's father, sister

New Delhi: The Enforcement Directorate (ED) has issued summons to absconding diamantaire Nirav Modi’s father Deepak Modi, sister Purvi Mehta and her husband Mayank Mehta as part of its probe in the multi-crore Punjab National Bank (PNB) fraud, an official said here on Friday. The fraud was committed during 2011-17 by illegally issuing Letters of […]

choksi
PNB fraud: ED seizes jewellery worth Rs 85 cr in Choksi case

New Delhi: The ED on Thursday seized over 34,000 pieces of jewellery valued at Rs 85 crore in connection with its ongoing probe against absconding businessman Mehul Choksi who is accused along with his diamantaire nephew Nirav Modi of defrauding the Punjab National Bank (PNB) of over Rs 1,300 crore, an official said. The seized […]

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Punjab National Bank to hire detective agencies for recovering NPA due

New Delhi: Lender Punjab National Bank (PNB) is set to hire detective agencies to supplement the efforts of its field officials in recovering its dues that have become in NPAs (non-performing assets). The lender through its website invited “applications for empanelment of Detective Agencies for the period 2018-2019”. According to the lender, the policy aims […]

Nirav-Modi-Mehul-Choksi
Non-bailable warrants issued against Nirav Modi, Mehul Choksi

Mumbai: A special CBI court here on Sunday issued non-bailable warrants (NBWs) against diamantaire Nirav Modi and his uncle Mehul Choksi in connection with Rs 13,500 crore Punjab National Bank (PNB) fraud. The court’s move comes following Central Bureau of Investigation (CBI) request as both the diamond traders, who left the country in January, refused […]

PNB-1
PSBs to link SWIFT with Core Banking Solution by April 30

New Delhi: All public sector banks (PSBs) will have to link their SWIFT systems with their respective Core Banking Solution (CBS) systems by April 30 as a measure to prevent frauds like the recent one perpetrated on Punjab National Bank (PNB), it was announced on Thursday. The state-run banks also decided to speed up the process […]

Nirav Modi Scam: CBI arrests Odia officer of PNB

New Delhi: Carrying out investigation into the USD 2 billion fraud, CBI arrested an Odia officer Bishnubrata Mishra who was working as the Internal Chief Auditor at Punjab National Bank (PNB), Mumbai. Mishra, who was responsible for concurrent audit for 2011-2015 at PNB Brady House branch, was arrested on Thursday, the CBI said. He has […]

Fugitive-Economic-Offenders-Bill-2018
Cabinet approves bill to seize all assets of 'Fugitive Offenders'

New Delhi: As the country struggles to bring back the main accused of multi-crore fraud committed in Punjab National Bank — diamond trader Nirav Modi and his uncle Mehul Choksi owner of Gitanjali Gems — the Cabinet on Thursday approved Fugitive Economic Offenders Bill 2018, which would facilitate action against such offenders. Finance Minister Arun […]

gitanjali-gems
PNB attributes recent additional Rs 1,300 cr fraud to Gitanjali

Mumbai: The recently announced escalation in the Punjab National Bank (PNB) fraud amount by Rs 1,300 crore is attributable to Nirav Modi’s uncle Mehul Choksi-owned Gitanjali Gems, the bank said in a clarification on Thursday. In a note to the stock exchanges, PNB said the latest fraud was committed on March 2, 2017. With this, […]

PNB
CBI arrests auditor of PNB in bank fraud case

New Delhi/Mumbai: The Central Bureau of Investigation (CBI) has arrested an internal chief auditor of Punjab National Bank (PNB) in its ongoing probe into Rs 12,600 crore bank fraud case. “CBI has on Wednesday arrested an Internal Chief Auditor of Punjab National Bank in an ongoing investigation of the cases related to Nirav Modi group […]

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PNB fraud: Blue Corner notice issued against Nirav Modi, Choksi

New Delhi: A Blue Corner notice was issued on Wednesday against diamond jeweller Nirav Modi and his uncle Mehul Choksi of Gitanjali Group in connection with the Rs 12,600-crore Punjab National Bank (PNB) fraud case, an official said. An Income Tax department official said the Blue Corner notice — to locate, identify or obtain information […]

Nirav-Modi
Nirav Modi's letter smacks of arrogance, what will government do, asks Congress

New Delhi: The Congress on Tuesday said the purported letter written by jeweller Nirav Modi, who is allegedly involved in Rs 11,300 crore PNB scam, smacks of arrogance and asked Prime Minister Narendra Modi and Finance Minister Arun Jaitley that if the letter is authentic, what action would be taken against him. It also asked […]

money
Op-Ed: PSU Banks’ Mantra: Punish The Needy, Reward The Greedy

The next time you go to a bank and find a pen worth the princely sum of Rs. 2 dangling from a string at the counter, you are bound to remember the Rs. 11, 500 crores that the nephew-uncle duo of Nirav Modi and Mehul Choksi managed to polish off neatly from the Punjab National […]

PNB-fraud
PNB fraud: ED raids over 45 locations in 15 cities

New Delhi: The Enforcement Directorate (ED) on Sunday conducted searches at over 45 more locations in 15 cities across India in connection with the multi-crore Punjab National Bank (PNB) scam, an official said. The agency raided 10 places in Bengaluru, seven in Delhi, five each in Kolkata and Mumbai, four each in Chandigarh and Hyderabad, […]

PNB
Punjab National Bank spots $1.8 bn fraud at Mumbai branch

Mumbai: Punjab National Bank, the second largest public sector bank in India, has detected a $1.8 billion fraud in one of its branches here, the bank said in a regulatory filing to the stock exchanges on Wednesday. “The bank has detected some fraudulent and unauthorised transactions (messages) in one of its branch in Mumbai for […]

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