PNB
Except for PNB, no unauthorised LoUs issued by PSBs: SBI official
RBI has stopped banks from issuing LoUs and Letters of Comfort for trade finance for imports into the country.
PSBs to lose biz to private banks
Industry experts believe that the higher non performing assets (NPA) coupled with several instances of loan frauds.
Home, auto loan EMIs to go up as SBI, PNB hike lending rates
SBI raised its one year MCLR (marginal cost of fund-based lending rate) by 20 basis points to 8.15 per cent.
RBI conducts risk-based supervision on annual basis: PNB
RBI has not conducted any audit at PNB's Brady House branch in Mumbai.
PNB stock cracks 6 per cent to hit to 20-month low
Stock on Wednesday fell to an intra-day low of Rs 92, down 6.45 per cent over its previous closing price on BSE.
Bank stocks take a beating as Fraud in PNB widens
However, he believes that the recent steep correction in the bank stocks have given a very good opportunity for long-term investors.
PNB stock slumps 9 per cent to hit 52-week low
Shares of the company opened weak at Rs 107.80, then cracked 8.75 per cent to a 52-week low of Rs 102.10 on the BSE.
FPIs turn sellers of equities in February
According to experts, FPIs have created bearish bets in the futures markets suggesting that the underlying sentiments still remains subdued.
Fitch puts PNB on 'Rating Watch Negative', hints at downgrade
Fitch Ratings has placed PNB's Viability Rating of 'bb' on Rating Watch Negative, following the large fraud reported by the bank.
Rotomac owner pens bank fraud
Kothari took letters of credit worth Rs 3,000cr to make use of interest rate differential in foreign countries.