PNB shares tank over 7.3% on Rs 11,300-crore fraudulent transactions
Shares of PNB were down 7.37 percent to Rs 135.05 a piece at 9:24 am.
Feb 15, 2018, 09:40 AM IST
PNB fraud: Finance Ministry asks all banks to present status report as soon as possible
This could be the biggest banking fraud in India as its quantum was bigger than an estimated 9,000 crore scam at erstwhile Satyam computers.
Feb 15, 2018, 09:08 AM IST
$1.77 billion fraud at PNB Mumbai branch, ED files case against Nirav Modi
State-owned PNB on Wednesday said it has detected a USD 1.77 billion (about Rs 11,400 crore) scam.
Feb 14, 2018, 22:40 PM IST
PNB suspends 10 officials in connection with Nirav Modi fraud case
The complaints deal with fraudulent transactions reported from the bank's branches and the amount involved is over Rs 10,000 crore.
Feb 14, 2018, 14:57 PM IST
PNB fraud: Shares down over 8%, nearly Rs 3,000 crore of investor wealth wiped out
Incidentally the fraudulent transactions detected by the bank is just short of Rs 4,000 crore less than the total income that the bank declared in the third quarter (Q3) of this FY17-FY18.
Feb 14, 2018, 14:45 PM IST
CBI gets 2 complaints from PNB against Nirav Modi about Rs 10,000 cr shady transactions
The agency has refused to share any further details as it may hamper the investigation.
Feb 14, 2018, 14:23 PM IST
Punjab National Bank detects $1.77 billion fraudulent transactions at Mumbai branch
PNB did not name the people involved but said it had reported the deals to law enforcement agencies and would evaluate later whether it faces any liability arising out of the transactions.
Feb 14, 2018, 13:38 PM IST
Watch: Masked man points gun at child, loots couple at ATM in Indore
A masked man in Indore looted money from a couple after holding their child at gunpoint.
Jan 31, 2018, 16:19 PM IST
PNB to raise Rs 5,000 crore; appoints merchant bankers
The work on consolidation would start after recapitalisation as it is going to be a booster for capital adequacy, he added.
Nov 06, 2017, 19:20 PM IST
People are shifting towards digital transaction, says Arun Jaitley
Digital transactions and transactions through banking instruments is going to grow, he added.
Nov 06, 2017, 14:24 PM IST
J&K: ATM machine stolen in Pulwama
An ATM of the Punjab National Bank was stolen from south Kashmir's Pulwama district, police said on Sunday.
Nov 05, 2017, 21:07 PM IST
PNB Q2 profit marginally up at Rs 561 crore
Operating profit of the bank grew by 20 per cent to Rs 3,279 crore during the quarter under review from Rs 2,732 crore in same period a year ago.
Nov 03, 2017, 15:30 PM IST
PNB to raise up to Rs 11,000 crore via various securities
The Board of Directors accorded approval for raising common equity tier capital up to Rs 5,000 crore as per Basel III requirements.
Sep 27, 2017, 23:43 PM IST
Air India ties up with PNB, IndusInd for Rs 3,250 crore loan
On June 28, the Cabinet Committee on Economic Affairs (CCEA) had given in-principle approval for strategic disinvestment of Air India and five of its subsidiaries.
Sep 27, 2017, 17:50 PM IST
PNB plans to raise up to Rs 5,000 crore from market
PNB had reported over 12 percent rise in net profit at Rs 343.40 crore for the quarter ended June 30, 2017.
Sep 22, 2017, 15:24 PM IST
PNB loans to get cheaper as bank cuts MCLR, base rate by up to 0.25%
Punjab National Bank has also reduced the MCLR by 0.20 percent on one- year, three years and five years maturities to 8.15 percent, 8.30 percent and 8.45 percent respectively.
Aug 31, 2017, 15:16 PM IST
Defaulters owe 27% of total amount to SBI alone, PNB next
Punjab National Bank (PNB) is next on the list with 1,120 wilful defaulters having outstanding non-performing assets (NPAs) or bad loans of Rs 12,278 crore.
Aug 20, 2017, 16:14 PM IST
PNB customers to pay higher charges for non-credit services
Come September, PNB customers will have to pay charges for depositing cash above Rs 5,000 in a non-base branch even if it is located in the same city.
Aug 06, 2017, 12:52 PM IST
PNB Q1 net profit goes up 12% to Rs 343 crore, NPAs decline
The bank had posted a net profit of Rs 306.36 crore during the corresponding quarter of the previous fiscal.
Aug 02, 2017, 12:49 PM IST
NCLT reserves order on Bhushan Steel bankruptcy petition
The National Company Law Tribunal (NCLT) on Wednesday reserved its order over the bankruptcy petition filed by the country's largest lender SBI against Bhushan steel Ltd.
Jul 19, 2017, 14:14 PM IST
