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On August 31, PNB said it received a communication from the finance ministry that the government, after having consultation with the Reserve Bank of India, had decided that PNB, OBC and UBI may consider the amalgamation of OBC and UBI into PNB.

PNB board to consider Rs 18,000-crore capital infusion this week

The board shall consider capital infusion up to Rs 18,000 crore in its meeting scheduled on September 5, 2019, PNB said.

02 Sep 2019 8:16 PM

Bihar Chief Minister Nitish Kumar is under attack from RJD chief Lalu Prasad Yadav for alleged scams during his tenure.

Scams worry ‘Mr Clean’ Nitish

The CBI has arrested 18 accused in the Srijan scam. Over 19 cases have been registred in three districts.

20 Nov 2017 12:01 AM

Addressing a public rally in Shillong, Congress president Rahul Gandhi said, 'Just because the BJP can buy a few MLAs, including Congress MLA, you cannot buy the church. You cannot take away our music just because you like Mohan Bhagwat or Modi's songs.' (Photo: ANI | Twitter)

Modi not against corruption, he is an instrument of corruption: Rahul

Congress chief Rahul Gandhi, who is on a two-day campaign trail in the north-eastern state, called for a 'BJP-mukt' Meghalaya.

21 Feb 2018 6:07 PM

CBI on Wednesday questioned two Canara Bank officials from the Bahrain branch and one Bank of India official.

Canara Bank, Bank of India officials questioned in PNB scam case

The PNB in February detected the multi-crore scam, wherein Nirav Modi and Mehul Choksi had allegedly cheated the bank.

12 Apr 2018 12:11 PM

Nirav Modi scam: ICAI sends notices to statutory auditors of PNB branch

ICAI has sent notices to all statutory auditors of Punjab National Bank's Brady House branch.

15 Apr 2018 4:01 PM

Bank sought 100 per cent cash margins for issuing LoUs for raising buyers' credit, which was contested by the firms saying they had availed of the facility from as early as 2010. (Photo: PTI)

PNB may be given 1 year to provision against Rs 12,646 cr fraud

Bank has written a letter to banking sector regulator seeking its opinion on making provisions for fraud.

09 Mar 2018 11:29 AM

(Left to right) Shikha Sharma and Usha Ananthasubramanian

A fall from grace

In case of Usha Ananthasubramanian there are no allegations of personal corruption by the CBI and it’s only a procedural issue, says JN Gupta.

20 Aug 2018 12:00 AM

The bank had gross bad loans of Rs 82,888.79 crore on its books by the end of the first quarter of this fiscal.

PNB invites bids from ARCs for 21 NPA accounts to recover Rs 1,320 cr

The scam-hit lender made NPA recoveries of over Rs 7,700 crore in the first quarter of 2018-19.

13 Sep 2018 10:19 AM

BJP chief Amit Shah during a rally in September assured action over mining scam in Thakurani Mines in Keonjhar district

Illegal mining, chit fund scams likely to spell disaster for Odisha’s Naveen

BJP-led Central government is tightening screws on corruption issues ahead of Assembly polls.

18 Sep 2017 4:01 AM

Sujata Patil, wife of Arjun Patil asked the probe agency to catch the big fish and said, 'He did what he was told and has not done anything illegal.' (Photo: ANI)

Will thrash Nirav Modi with 'chappal', says wife of official held in PNB scam

As per the woman her husband, Arjun Patil earned a mere Rs 30,000 and had not taken a 'single extra rupee'.

22 Feb 2018 4:24 PM

Mehul Choksi escaped the country on January 4 on an Indian passport and took the oath of allegiance in Antigua on January 15. (Photo: File)

Antigua govt to consider India's 'legitimate request' to send back Choksi

A CBI request to issue Red Corner Notice against Choksi is pending with international police organisation and is likely to be granted soon.

27 Jul 2018 10:30 AM

With Parliament’s Budget Session reconvening on March 5, the government is also wary that the twin issues could stall its key bills from getting passed. (Photo: ANI)

Rafale deal, PNB scam issue likely to stall major bills

The ruling BJP and the Congress have been blaming each other for the PNB fraud, with the former calling it the latter’s “orginal sin”.

18 Feb 2018 7:25 AM

A total failure of oversight at PNB

The Rs 9.5 lakh crore non-performing assets banks are saddled with is also plain loot, largely by big borrowers.

21 Feb 2018 3:06 AM

An interview and a video with the wanted diamantaire published early Saturday in the British newspaper, revealed that Modi has also started a new diamond business in Soho. (Photo: File)

Nirav Modi spotted in UK, living freely, started new diamond business: report

Nnewspaper headlined its piece 'Exclusive: India's most wanted man Nirav Modi - accused of Euro 1.5 bn fraud -living openly in London’ .

09 Mar 2019 9:30 AM

The RBI also denied media reports that it had directed PNB to meet its commitments under the letters of undertaking (LoUs) to other banks. (Photo: PTI)

PNB fraud case: Will take ‘appropriate supervisory action’ says RBI

The country's 2nd largest state-run lender has been rocked by a Rs 11,400-cr fraud allegedly involving billionaire diamantaire Nirav Modi.

17 Feb 2018 8:53 AM

Niravi Modi and Gitanjali Gems Chairman and Managing Director Mehul Choksi have been accused of cheating the PNB to the tune of over Rs 11,300 crores. (Photo: Facebook)

Nirav Modi not absconding, out of India for business purpose: lawyer

The PNB has lodged two financial fraud complaints of Rs 11,400 crore and Rs 280 crore against Nirav Modi, his family and Mehul Choksi.

21 Feb 2018 2:50 PM

Fraud-hit Punjab National Bank's capital adequacy has fallen short of the regulatory requirement of Reserve Bank of India due to unprecedented loss in the fourth quarter of 2017-18.

Scam-hit PNB's capital adequacy fall below regulatory requirement

At the end of March, 2018, total capital ratio as per the Basel- III requirement declined to 9.20 per cent.

13 Jun 2018 6:24 PM

The company did not pay back, bringing the liability on the state-run PNB.

10 persons held in PNB scam remanded in CBI custody

The accused were produced before the special CBI court on Wednesday which remanded them to CBI custody till December 21.

20 Dec 2018 2:19 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

PNB Housing Finance’s IPO to kick off on October 25

PNB Housing Finance, a subsidiary of country’s second largest public sector bank Punjab National Bank (PNB) announced its Rs 3,000 crore initial public offer in the price band of Rs 750 to Rs 775 per

19 Oct 2016 6:41 AM

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Bhopinder Singh