Punjab National Bank
Hong Kong regulator enhances supervision of PNB's HK branch
The scam was perpetrated by way of fraudulent LoUs generated in the name of Punjab National Bank.
PNB expects Rs 8,000 crore recovery from NPAs this month
The bank, with its focus on recovery of dues from defaulters, has managed to surpass the total amount recovered in the last fiscal.
Fitch downgrades PNB's rating on deteriorating credit profile
VRs represent the capacity of the bank to maintain ongoing operations and to avoid failure.
PNB pins hope on asset sale, IBC resolution to raise Rs 13,000 cr
Moody's Investors Service had last month downgraded PNB's rating citing impact of the recent USD 2 billion fraud.
Moody’s cuts PNB’s ratings
Moody’s believes that PNB will receive capital support from the Indian government and that the bank .
Sebi to consider penal action against PNB, Gitanjali Gems
Sebi last week issued a warning letter to PNB for delaying disclosures to stock exchanges about the fraudulent transactions.
Sebi warns PNB for late disclosures in Nirav Modi scam
The PNB was defrauded of over USD 2 billion allegedly by diamond trader Nirav Modi.
PNB Housing Finance more valuable than its parent PNB
The market capitalisation of PNB Housing Finance stood at Rs 21,199.07 crore.
India's small businesses find credit in short supply after mega-fraud
It is also a segment that contributes almost 38 per cent of India’s gross domestic product.
Punjab National Bank posts biggest ever quarterly loss of Rs 13,417 cr
The bank had reported a staggering standalone profit of Rs 261.90 crore in the fourth quarter of 2016-17.