Punjab National Bank | The Asian Age

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Punjab National Bank Page-2

At the NSE, shares of the public sector lender dropped 11.24 per cent to Rs 72.60.

PNB shares drop over 11 per cent after BPSL fraud case

At present, the case is at NCLT which is in advance stage and the Bank expects good recovery in the account.

08 Jul 2019 12:32 PM

Pay dues to banks: DRT tells Nirav Modi, aides

Modi (48) is wanted in India in the Punjab National Bank (PNB) fraud and money laundering case amounting up to USD 2 billion.

07 Jul 2019 6:51 AM

Mehul Choksi may soon lose his citizenship: Antigua govt

Chances of extradition of PNB scam accused get brighter.

26 Jun 2019 2:22 AM

The sale process is to be handled by the Stressed Assets Targeted Resolution Action (SASTRA) Division of Punjab National Bank.

PNB to sell NPAs worth over Rs 1,000 cr, six accounts put on block

The reserve price for the six non performing assets (NPAs) has been fixed at Rs 342 crore.

16 Jun 2019 3:06 PM

An arrest warrant was issued against Nirav Modi in May and then a second one in July last year, with an extradition request made to the UK authorities in August 2018. (Photo: File)

UK High Court notes broad consistency in India's evidence against Nirav Modi

Taken overall, there is a broad consistency of evidence, Judge Ingrid Simler noted.

12 Jun 2019 7:18 PM

Modi was arrested by uniformed Scotland Yard officers on an extradition warrant from a Metro Bank branch in central London as he attempted to open a new bank account on March 19 and has been in prison since. (Photo: File)

UK court remands Nirav Modi till June 27

He was produced before Judge Arbuthnot for the first case management hearing in the case.

30 May 2019 4:16 PM

The bank witnessed improvement with the gross NPAs reducing to 15.50 per cent of gross advances at end of March 2019.

PNB narrows Q4 loss to Rs 4,750 crore

Stock of PNB traded at Rs 88.10 on BSE, down 1.34 per cent from its previous close.

28 May 2019 2:12 PM

PNB could start the process of taking control of the banks in the next three months, according to the sources, who declined to be named, as they are not authorised to speak to the media. (File pic)

Punjab National Bank may take OBC, Andhra, Allahabad bank in fold

This could be the one of the first decisions to be taken by the new government after election results are announced on May 23.

22 May 2019 12:35 PM

Stock of PNB Housing Finance were trading 3.76 per cent down at Rs 684.95 on BSE.

PNB Housing Finance to mop up USD 1 bn from foreign markets

The housing finance arm of the Punjab National Bank will announce the fourth quarter results on May 9.

02 May 2019 3:18 PM

Modi can make a third bail application at Westminster Magistrates' Court but only if the grounds for the bail plea are substantially different. (Photo: File)

Nirav Modi to appear for remand hearing via videolink from jail tomorrow

The hearing this week takes place as per the 28-day time frame for judicial remand in such cases.

25 Apr 2019 6:35 PM

The officials have directed the intending pilgrims to consider the difficult climate and terrain in the high altitude region of the yatra and prepare themselves before embarking on the pilgrimage. (Photo: PTI/File)

Arrangements reviewed for upcoming Amarnath yatra in JK

Those who plan to travel by helicopter do not require advance registration as their chopper ticket would suffice for the purpose.

24 Apr 2019 3:39 PM

As on December 31, 2018, PNB held 32.79 per cent stake in PNB Housing Finance.

PNB to sell stake in PNB Housing to General Atlantic, Varde Partners for Rs 1,851 cr

PNB has entered into agreements in relation to the said transactions on Friday.

29 Mar 2019 11:59 AM

"The infusion of additional capital by the proposed acquirer/ Government of India is stated to enable the target company (Punjab National Bank) to meet the stipulated capital adequacy norms. Accordingly, I am of the considered view that exemption as sought for in the application made by the target company, be granted to the proposed acquirer/ GOI...," Sebi Whole Time Member G Mahalingam said in an order on Wednesday.

Sebi exempts govt from making open offer for shareholders of PNB

Sebi, however, directed reduction in non-public shareholding in the lender post capital infusion.

28 Mar 2019 4:03 PM

India Law Alliance, a law firm representing the company controlled by Modi that owns the artwork, said it was challenging the court order that allowed the auction. (Photo: AP)

Fugitive Nirav Modi’s art collective up for auction

Indian tax authorities have now realised how auctioning art can serve as an excellent means to recover money swindled by fraudulent individuals.

26 Mar 2019 4:11 PM

The bank has up to 31 December 2018 recovered Rs 16,600 crore.

PNB to e-auction 4,000 properties to reclaim loans

• According to the bank, the action will help in achieving the recovery of Rs 26,000 crore during current FY 2018-19.

14 Feb 2019 2:34 PM

PNB back in black with Rs 247 crore Q3 net

The net interest income (NII) rose around 8 per cent at Rs 4,290 crore against Rs 3,989 crore that the lender reported last year.

06 Feb 2019 3:05 AM

The bank has also reported that it has initiated steps to further lay the reference received as well before the ACB.

No case of pension, gratuity fund diversion at PNB: Jaitley

PNB has also apprised that no amount was taken back or withdrawn from the trusts' account.

04 Jan 2019 3:22 PM

Fraud-hit bank has been robbed of another Rs 271 crore by a group of businessmen in UK using similar modus operandi.

PNB’s overseas operations also under fraud cloud

Lender goes to the British HC against 5 Indians and an American who made off with Rs 271 crore in unpaid loans.

19 Nov 2018 10:28 AM

Absconding industrialist Vinay Mittal, who was wanted in bank frauds worth around Rs 40 crore, has been extradited to India from Indonesia's Bali on the request of the Central Bureau of Investigation (CBI).

Absconding industrialist Vinay Mittal extradited from Bali

A case was registered against Mittal in 2014 and 2016 on the request of Corporation Bank and the Punjab National Bank.

17 Oct 2018 1:14 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

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