Tag: Punjab National Bank

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 […]

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 […]

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 […]

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 […]

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 […]

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 […]

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 […]

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 […]

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 […]

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 […]

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 […]

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: 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 […]