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A parliamentary panel will grill finance ministry officials on April 17 amid rising NPAs, incidents of fraud and governance lapses in the banking sector.

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 April 2018 7:26 PM IST

Productivity in British low-paid jobs lags 20 to 30 per cent behind equivalent roles in Germany, France, the Netherlands and the United States.

Jobless growth? Yes, says data of top companies

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

12 April 2018 1:05 PM IST

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

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 April 2018 12:11 PM IST

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 April 2018 1:58 AM IST

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.

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.

9 April 2018 7:30 PM IST

PNB scandal: CBI summons officers from Hong Kong

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

9 April 2018 2:08 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 hires lawyers in bankruptcy proceedings of Nirav Modi firm in US

Firestar Diamond approached a bankruptcy court in New York in February.

8 April 2018 4:01 PM IST

Punjab National Bank (PNB) was hit by countrys 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.

8 April 2018 2:43 PM IST

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.

8 April 2018 2:11 PM IST

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.

6 April 2018 1:35 AM IST

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.

4 April 2018 7:32 PM IST

PNB customers will have to shell out money beginning October if they carry out more than five transactions a month from the banks ATMs.

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...

4 April 2018 2:33 PM IST