Sunil Mehta

Friday, Apr 26, 2024 | Last Update : 12:29 AM IST

PNB is part of a consortium of 26 lenders, led by SBI, which have exposure to Jet Airways' debt of over Rs 8,000 cr. (Photo: AFP/File)

Lenders to Jet working on revival, no final decision yet: PNB MD

SBI Capital Markets is working on the revival package for Jet Airways.

17 Apr 2019 8:47 AM

PNB CEO, Sunil Mehta: We are on our way towards recovery

Our recovery for the first three quarters is Rs 16000 crore, which is almost three times the recovery last year.

05 Feb 2019 3:40 PM

The country's second largest public sector lender Punjab National Bank (PNB) has identified various assets, including its housing finance arm, for sale and hopes to realise Rs 8,600 crore from these non-core assets during the current fiscal.

PNB plans to sell non-core assets of over Rs 8,000 crore this fiscal

The bank has already sold some of the fixed assets and have realised Rs 400 crore from these assets.

15 Oct 2018 6:26 PM

Ruling out possibility of inorganic expansion, Punjab National Bank Managing Director Sunil Mehta said the bank is currently focussed on internal consolidation and making it financially healthy.

Amalgamation not on cards; focus on internal consolidation: PNB MD

Post-merger, the asset size of the new entity would be over Rs 14.5 lakh crore.

07 Oct 2018 12:09 PM

PNB reported a loss of Rs 940 crore for the April-June period of financial year 2018-19. It clocked a profit of Rs 343.40 crore in the corresponding quarter of 2017-18. (Photo: File)

Nirav Modi scam bygone, bank getting back on growth path: PNB MD

Nirav Modi and his uncle Mehul Choksi duped PNB of Rs 14,000 crore through issuance of fraudulent LoUs.

02 Oct 2018 5:38 PM

The Indian Banks Association (IBA) has elected Punjab National Bank's managing director and chief executive, Sunil Mehta, as the new chairman for 2018-19.

Indian Banks Association elects PNB's Sunil Mehta as chairman

Rajnish Kumar and Shyam Srinivasan, will continue as deputy chairmen of IBA.

31 Aug 2018 6:59 PM

State-run Punjab National Bank (PNB) on Wednesday said it is in negotiation with a few government departments, including income tax and central excise, to sell its erstwhile headquarters situated at the Bhikaji Cama Place in New Delhi.

PNB in talks with I-T, excise departments to sell erstwhile headquarters

The lender expects to raise nearly Rs 700-800 crore from the sale of its earlier head office in the national capital.

08 Aug 2018 7:32 PM

The finance ministry is hopeful of Punjab National Bank making a quick recovery in the first quarter of the current fiscal.

Finance ministry hopeful of PNB rebounding in Q1

The ministry is keeping a tight watch on the bank’s performance so as not to let the bank slip into further mess.

23 Apr 2018 12:19 PM

Punjab National Bank (PNB)will take care of problems emanating from Rs 13,000-crore fraud perpetrated by billionaire jeweller Nirav Modi on its own and will not seek any government's assistance, its managing director Sunil Mehta said.

Nirav Modi fraud is bank's issue; will not seek govt support: PNB MD

The bank has enough resources and capability to meet the challenges posed by the fraud of this nature, he said.

09 Apr 2018 7:30 PM

State-owned Punjab National Bank (PNB) has hired lawyers to represent itself in the bankruptcy proceedings of the US-based Firestar Diamond.

PNB hires lawyers in bankruptcy proceedings of Nirav Modi firm in US

Firestar Diamond approached a bankruptcy court in New York in February.

08 Apr 2018 4:01 PM

Punjab National Bank (PNB) was hit by country's biggest ever banking fraud of more than Rs 13,000 crore.

Will be out of Nirav Modi mess in 6 months: PNB MD Sunil Mehta

The bank has launched 'Mission Parivartan' to realign all business processes to meet present day requirements.

08 Apr 2018 2:43 PM

CBI said the examination is focused on understanding how the crime was detected by the bank and other procedural issues and their violations. They are not being treated as accused, the officials said. (Photo: PTI)

PNB fraud case: CBI questions MD, ED, 12 others

Refusing to give out any further details, the officials said the agency is also questioning the 12 accused arrested by the agency so far.

24 Feb 2018 8:15 PM

Modi allegedly cheated the state-run bank by using fake “letters of understanding” (LoUs) to get loans. Most of the letters were sent to overseas offices of Indian banks, which made the actual loans, said Sunil Mehta, PNB's MD. (Photo: PTI)

PNB scam: Bank GM held after Vipul Ambani, 4 others of NiMo Jewellers

Nirav Modi sent a letter to the bank this week saying he owes less than half the amount claimed by the bank in the alleged fraud.

20 Feb 2018 9:31 PM

Punjab National Bank MD and CEO Sunil Mehta

PNB needs 6 months for normalcy: Sunil Mehta

During a conference call with investors, he said that the bank had more than sufficient capital as mandate by regulations.

17 Feb 2018 1:29 AM

Punjab National Bank MD and CEO Sunil Mehta addresses Media in New Delhi. (Photo: Twitter | ANI)

Fraud started in 2011, we detected in Jan this year, says PNB chief

PNB chief Sunil Mehta said there were no solid proposals by Nirav Modi on repayment, ‘got vague proposals’.

15 Feb 2018 2:57 PM

1 of 1

Columns

Sunil Gatade

sunil mehta