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Liquidity could ease post-the budget announcement of pooled asset purchase of Rs 1 lakh crore by PSU banks, the benefits of which are expected to be visible from H2FY20.

Doubting stock market punishes PSU banks

Investors are not convinced about the ability of anchor banks to absorb their weaker partners.

4 Sept 2019 12:42 AM IST

State-owned Punjab National Bank (PNB) has hired lawyers to represent itself in the bankruptcy proceedings of the US-based Firestar Diamond.

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.

2 Sept 2019 8:16 PM IST

Government of India public sector banks in India. (Photo- FAVPNG)

Mega merger of state-run banks comes into force from April 1: RBI

The government on March 4 had notified the amalgamation schemes for 10 state owned banks into four as part of its...

29 March 2020 12:33 PM IST

UK court plays video of Nirav Modis death threats to Dummy Directors. (PTI Photo)

UK court plays video of Nirav Modi's death threats to 'dummy...

Modi's defence team have claimed a paucity of evidence to prove dishonesty and also questioned the admissibility of some...

14 May 2020 3:23 PM IST

A few banks have also come up with lockdown offers for their customers. HDFC Bank offered discount on purchase of jewellery on Akshaya Tritya, Union Bank of India on purchase of medicine, and SBI on taking key lab tests.

Banks get on social media to brighten up the lockdown with customer...

HDFC started The Art Project to give customers a #BreakFromBoredom while PNB started a Mother's Day contest

10 May 2020 7:47 PM IST

PNB collected Rs 268 cr as ATM transaction charges, annual maintenance fee in FY20. (PTI Photo)

PNB collected Rs 268 crore as ATM transaction charges, annual...

The public sector lender collected Rs 152.88 crore from customers by levying annual maintenance charges (AMC) on debit...

10 Jun 2020 3:56 PM IST

Punjab National Bank said on Thursday it had reported loans made to Dewan Housing Finance Corporation Ltd worth Rs 3,689 billion. (PTI Photo)

PNB reports over Rs 3600 crore DHFL loans as fraud

DHFL accumulated total debts of almost Rs 1 trillion and then failed to honour dues to its creditors

10 July 2020 9:09 AM IST

UK court plays video of Nirav Modis death threats to Dummy Directors. (PTI Photo)

Nirav Modi's remand extended to August 27, trial to start in September

He was told the next hearing in the case will be a case management hearing ahead of a trial set for five days from...

6 Aug 2020 4:19 PM IST

Nirav Modi. (AA file photo)

UK High Court rejects Nirav Modi's extradition plea

Under the legal guidelines, Modi, as an appellant, has 5 business days to apply for such an oral consideration

24 Jun 2021 1:14 AM IST

PNB has suspended 10 officers over the scam and referred the matter to CBI for investigation. (Photo: PTI)

PNB detects another fraud of Rs 9 Cr at branch involved in Nirav case

The new alleged fraud of around Rs 9.1 crore involves officials of a little known company called Chandri Paper and...

15 March 2018 11:02 AM IST

RBI governor Urjit Patel

PNBâ€‰fraud: RBIâ€‰guv Urjit Patel calls for more powers over...

Patel said there were numerous limitations in the RBI's powers over state-run lenders.

15 March 2018 8:54 AM IST

The call for privatisation gathered currency after diamond jeweller Nirav Modi allegedly colluded with some officials of PNB to fraudulently obtain guarantees so as to avail of loans from Indian banks overseas. (Photo: File)

PNB scam 'one-off incident': SBI chief rejects privatisation call

Earlier in February, Finance Minister Arun Jaitley had ruled out privatisation of banks.

14 March 2018 1:38 PM IST