Punjab National Bank | The Asian Age

Friday, Apr 26, 2024 | Last Update : 09:54 AM IST

Punjab National Bank Page-6

The Institute of Chartered Accountants of India (ICAI) on Thursday said it is yet to receive information from Punjab National Bank on the nearly Rs 13,000 crore scam involving Nirav Modi.

Nirav Modi scam: ICAI panel yet to receive info from PNB

A high-level group constituted by the institute is studying specifically the systemic issues involved in the PNB fraud.

12 Apr 2018 7:50 PM

Par Panel to quiz FinMin officials on April 17 on bank NPAs

A parliamentary panel will grill finance ministry officials on April 17 amid rising NPAs.

12 Apr 2018 7:26 PM

Far from employment generation, a few of them have actually recorded a fall in headcounts.

Jobless growth? Yes, says data of top companies

The government is trying hard to dispel the impression of economic growth sans jobs.

12 Apr 2018 1:05 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

Court allows CBI to seek NBW against Choksi

After hearing the arguments, the judge allowed CBI’s application for issuance of a NBW against Choksi.

12 Apr 2018 1:58 AM

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

PNB scandal: CBI summons officers from Hong Kong

The CBI is also questioning officers of certain overseas branches of Indian banks.

09 Apr 2018 2:08 AM

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

Leading public sector lenders State Bank of India (SBI) and Punjab National Bank (PNB) have put their 15 non-performing assets worth Rs 1,063 crore for sale.

SBI, PNB put 15 NPAs worth Rs 1,063 crore for sale

All the 21 public sector banks had gross bad loans of over Rs 7.33 lakh crore.

08 Apr 2018 2:11 PM

Accused official remanded to ED custody in PNB scam

The ED on Thursday arrested Shetty after the court on April 3 allowed the agency’s plea for his custody.

06 Apr 2018 1:35 AM

Banning of letters of undertaking (LoUs) and letters of comfort (LoCs) by the RBI as trade finance instruments is likely to reduce financial flexibility of importers, a Fitch group company said on Wednesday.

LoU ban to impact financial flexibility of importers

The central bank stopped banks from issuing the two instruments for trade credits for imports into India.

04 Apr 2018 7:32 PM

The police reached the ATM of Punjab National Bank in Farsh Bazar area on Tuesday after being informed that there was a theft but found its shutter closed, they said. (Photo: File)

Delhi: 22-yr-old man held for attempting to cut PNB ATM open

A person identified as Nazir alias Babu was found cutting the chest of machine using a gas cutter and other tools by the police.

04 Apr 2018 2:33 PM

The government has asked PNB and probe agencies to share details of the Rs 13,000 crore scam with chartered accountants' apex body ICAI, which is looking into the systemic issues related to the fraud, an official said.

Govt asks Punjab National Bank to share scam details with ICAI

The govt has asked PNB and probe agencies to share details of the Rs 13,000 crore scam with ICAI.

03 Apr 2018 6:59 PM

Punjab National Bank today said money of customers is safe and asserted that there would be zero tolerance towards unethical practices.

Customers' money safe with us, says Punjab National Bank

Urging customers not to believe in any rumours, the bank assured that they can withdraw or deposit their money anytime.

02 Apr 2018 6:13 PM

With multiple agencies probing the alleged Rs 13,000-crore fraud at state-run Punjab National Bank, the Reserve Bank of India (RBI) says it has conducted its scrutiny and the matter is currently under examination for "enforcement action".

PNB fraud case: RBI says examining enforcement action

RBI says it has conducted its scrutiny and the matter is currently under examination for "enforcement action".

01 Apr 2018 1:16 PM

PNB scam: 80 per cent funds used to clear liabilities

The remaining Rs1,448 crore was used to pay 17 other overseas firms,” officials said.

30 Mar 2018 2:27 AM

Shell cos sent Rs 900 crore to 3 NiMo companies

The ED arrested on Tuesday Shyam Wadhwa, vice-president of Modi’s Firestar Group.

29 Mar 2018 1:32 AM

Last month, Firestar Diamond, a company owned by Nirav Modi filed for bankruptcy in a New York court. (Photo: PTI)

PNB plans stake claim in insolvency proceedings of Nirav Modi companies

Following the scam, the Reserve Bank has stopped banks from issuing LoUs and Letters of Comfort for trade finance.

25 Mar 2018 11:24 AM

PNB fraud: ED raids Nirav Modi residence, paintings seized

Paintings of acclaimed artists like Amrita Sher-Gil, M.F. Hussain and K.K. Hebbar valued at Rs 10 crore have been seized.

25 Mar 2018 12:50 AM

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