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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 governments assistance, its managing director Sunil Mehta said.

Indian Banks Association elects PNB's Sunil Mehta as chairman

Rajnish Kumar and Shyam Srinivasan, will continue as deputy chairmen of IBA.

31 Aug 2018 6:59 PM IST

A USD 2 billion fraud at Indias Punjab National Bank (PNB) may have been orchestrated by a few rogue employees, but it escaped detection because of widespread risk-control and monitoring lapses in many areas of the bank, the banks own internal probe has found.

PNB eyes IBC route for Rs 6,000 crore power NPA recovery

PNB will go for the NCLT route of recovery rather than debt restructuring with companies.

29 Aug 2018 9:22 AM IST

The Nirav Modi fraud-hit Punjab National Bank (PNB) led the pack with the largest amount of NPAs worth Rs 86,620 crore during 2017-18.

Big willful defaulters' dues to PNB drop to Rs 15,175 crore in July

The bank made a recovery from bad loans to the tune of Rs 7,700 crore in the first quarter ended June.

26 Aug 2018 4:29 PM IST

(Photo: Nirav Modi website)

Red Corner Notice issued against Nirav Modi's trusted aide

Mr Bhansali was instrumental in rotation and diversion of the proceeds of crime generated in this case, sources said.

7 Sept 2018 6:40 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 invites bids from ARCs for 21 NPA accounts to recover Rs 1,320 cr

The scam-hit lender made NPA recoveries of over Rs 7,700 crore in the first quarter of 2018-19.

13 Sept 2018 10:19 AM IST

(Photo: Nirav Modi website)

CBI starts Nirav Modi's kin extradition process

According to sources, the Central probe agency moved the extradition request of Modi to the Union home ministry on...

11 Sept 2018 12:44 AM IST

The Board of Vijaya Bank has given its approval to a government proposal of consolidation with Bank of Baroda and Dena Bank as per reports from ANI.

Vijaya Bank gives nod to proposal of merger with Bank of Baroda, Dena...

The merger entity of Vijaya Bank, Dena Bank and Bank of Baroda will become the third largest lender in India.

30 Sept 2018 3:15 PM IST

Mehul Choksi given time till October 30 to file reply to ED plea

The law is aimed at deterring economic offenders from evading the process of law by remaining outside the jurisdiction...

27 Sept 2018 5:51 AM IST

The extent of the unravelling fraud at Indias state-run Punjab National Bank could rise beyond the nearly $2 billion mark so far outlined by the lender, according to a source involved in the probe and court documents reviewed by Reuters.

Punjab National Bank robbery: Noida Police arrests 3 accused

During the robbery bid, the men had tried to break into the strongroom of the bank, located in the basement of the...

26 Sept 2018 11:50 AM IST

The Nirav Modi fraud-hit Punjab National Bank (PNB) led the pack with the largest amount of NPAs worth Rs 86,620 crore during 2017-18.

PNB shareholders approve ESPS scheme; Rs 2,816 cr capital infusion by...

Shareholders also voted to clear the issuance of over 31 cr shares to the govt as part of recapitalisation of PNB by...

18 Sept 2018 5:07 PM IST

Bank officials who loaned to Vijay Mallya may be charged soon: sources

The CBI had registered two cases against Vijay Mallya related to the IDBI loans in 2015 and consortium loan in 2016.

16 Sept 2018 4:43 PM IST

The government, which reportedly asked the RBI last month to make a list of candidates for mergers and set a time-frame for bank consolidation, is going full steam ahead on its plan to clean up the banking system and create fewer, better-capitalised lenders.

PNB, OBC, Andhra Bank next in line for merger

Govt studying amalgamation of three PSBs, say sources.

24 Sept 2018 3:17 PM IST