Punjab National Bank: News
24 Feb 2018
IndiaWon't tolerate loot: PM Modi breaks silence on PNB scam
More than a week after news of India's biggest bank fraud worth Rs. 11,400cr broke, PM Narendra Modi has broken his silence on the matter, saying the government won't tolerate loot of public money.
23 Feb 2018
Nirav ModiPNB-scam: ED seizes imported watches, freezes shares worth Rs. 14cr
Investigating agencies are keeping up the pressure on Nirav Modi in the PNB scam, with ED continuing to seize assets and freeze shares.
23 Feb 2018
Priyanka Chopra JonasFinally, Priyanka breaks ties with Nirav Modi's jewelry house
Not wanting her name to be in any way associated with Nirav Modi who has been accused of a major financial fraud, Priyanka Chopra has terminated her contract with his diamond jewelry house.
23 Feb 2018
IndiaOver 9,000 willful defaulters owe Rs. 1.1-lakh-crore to Indian banks
The Rs. 11,400cr PNB fraud has once again highlighted the growing problem of bad loans in India's banking sector.
23 Feb 2018
Security10,000 PNB customers affected by data breach
According to media reports, a data breach in the Punjab National Bank (PNB) has affected around 10,000 credit or debit cardholders.
22 Feb 2018
DelhiNirav Modi scam: More PNB, Gitanjali, Nakshatra employees arrested
The CBI has arrested Rajesh Jindal, now the general manager at PNB's Delhi head office, in the Rs. 11,400cr Nirav Modi scam.
22 Feb 2018
West BengalPF interest reduction fallout of PNB scam: Mamata
West Bengal CM Mamata Banerjee today claimed that the fresh reduction in provident fund interest is a fallout of the Punjab National Bank (PNB) scam and that the working class would suffer hugely due to the rate cut.
22 Feb 2018
Narendra ModiPNB-scam: ED seizes luxury cars, freezes shares worth Rs. 94.5cr
As investigation continues in the Rs. 11,400cr PNB scam, the ED has seized nine high-end luxury cars of Nirav Modi, including a Rolls Royce Ghost, a Porsche Panamera and a Mercedes Benz.
21 Feb 2018
Rahul Gandhi"Why not speak on Nirav, Rafale on Mann Ki Baat?"
'Why ask for ideas when in your heart you know what every Indian wants to hear you speak about? 1. Nirav Modi's 22,000 Cr. Loot & Scoot 2. The 58,000 Cr. RAFALE scam,' replied Rahul Gandhi today on Twitter, where PM Narendra Modi had asked for ideas for Mann ki Baat.
21 Feb 2018
Narendra ModiPNB-scam: CBI arrests three employees, including 'man who revealed fraud'
CBI has arrested three PNB employees including one who, according to their lawyer, was "instrumental" in revealing the Rs. 11,400 fraud.
21 Feb 2018
IndiaPNB-scam: I-T notice to Singhvi's wife for cash-purchases worth crores
I-T has sent a notice to Congress leader Abhishek Manu Singhvi's wife Anita, seeking explanation for jewelry purchases allegedly worth Rs. 6cr from Nirav Modi.
21 Feb 2018
Nirav ModiPNB scam: Nakshatra, Gili 'directors' living in chawls, one-room sets
Billionaire Nirav Modi fled the country after allegedly duping PNB of Rs. 11,400cr.
20 Feb 2018
Arun Jaitley#PNBScam: Will chase down fraudsters, says Jaitley blaming auditors, management
Finance Minister Arun Jaitley, finally breaking his silence on the Rs. 11,400cr PNB scam involving Nirav Modi and Mehul Choksi, blamed the bank's management and auditors for not detecting the fraud.
20 Feb 2018
IndiaPNB's going public destroyed my ability to repay debt: Modi
Nirav Modi, the man behind India's largest bank fraud, has blamed PNB's "anxiety to recover dues immediately" for his failure to repay the loans, which he claims is much less than the reported Rs. 11,400cr.
19 Feb 2018
IndiaShiv Sena: Nirav Modi is BJP's "partner," funded their poll-campaign
Shiv Sena and BJP's rivalry continues to simmer even as they remain coalition partners.
19 Feb 2018
IndiaNirav Modi scam reveals deep flaws in India's banking system
One is likely to wonder how Nirav Modi managed to dupe Punjab National Bank (PNB), India's second-largest public lender, of Rs. 11,400cr for seven years without anyone realizing.
18 Feb 2018
IndiaIndian banks may lose Rs. 19,000cr in PNB-fraud: I-T Dept
The Income Tax Department stated Indian banks could lose Rs. 17,632cr from loans and corporate guarantees provided to Punjab National Bank in the Rs. 11,400cr fraud.
17 Feb 2018
IndiaNirav Modi case: CBI arrests PNB's ex-Deputy Manager, two others
The CBI has arrested Punjab National Bank's former Deputy Manager Gokulnath Shetty, Single Window Operator Manoj Kharat, and the authorized signatory of Nirav Modi Group of Firms Hemant Bhat in connection to the alleged Rs. 11,400cr banking fraud by Nirav Modi and Mehul Choksi.
16 Feb 2018
Central Bureau Of Investigation (CBI)Gitanjali shares fall for third day, investors lose Rs. 300cr
Shares of Gitanjali Gems fell for the third straight day today. It dropped another 20%, closing at Rs. 37.45 on NSE.
16 Feb 2018
IndiaPNB scam: CBI approaches Interpol for help with Nirav Modi
The CBI is acting to ensure the man behind India's biggest fraud case isn't able to escape prosecution.
15 Feb 2018
IndiaPNB fraud case: Govt. revokes Nirav Modi's passport
The government on Thursday announced that it had revoked the passport of the absconding Nirav Modi, the billionaire jeweller who recently became notorious after defrauding the Punjab National Bank of Rs. 11,400 crore.
14 Feb 2018
IndiaPunjab National Bank reports Rs. 11,366cr fraud at Mumbai branch
India's second-biggest state-run lender Punjab National Bank (PNB) has reported a $1.7bn fraud (roughly Rs. 11,366cr) at a single Mumbai branch.
05 Feb 2018
IndiaBillionaire Nirav Modi charged in Rs. 280cr PNB cheating case
Billionaire diamond merchant Nirav Modi, his brother and wife have been booked by the CBI for allegedly cheating Punjab National Bank (PNB) of Rs. 280.7cr in 2017.
28 Nov 2017
Air IndiaPradeep Kharola replaces Rajeev Bansal as new Air India CMD
Senior IAS officer Pradeep Singh Kharola has been appointed as the Chairman and managing director of Air India (AI).
13 Nov 2017
MumbaiRobbers dig 50-feet tunnel through Mumbai bank, empty 27 lockers
In a daring theft, robbers dug a 50-feet tunnel into a bank in Navi Mumbai and escaped with valuables from 27 lockers.
28 Oct 2017
IndiaDemonetization: Number of ATMs fall by 0.16% in rare trend
A new trend in ATMs shows how Indians are going for cashless payments, particularly after demonetization.
11 Sep 2017
BusinessFrom 1st Oct, PNB customers to pay after five ATM-transactions
Currently, Punjab National Bank (PNB), which is the country's second-largest public sector bank, allows its account holders to make unlimited transactions, both financial and non-financial, from its ATMs without charging any money.
10 Sep 2017
IndiaCBI unearths money laundering scam of Rs. 424 crore
CBI has lodged an FIR against 19 firms for money laundering via shell firms. These firms have sent over Rs. 424 crore in foreign remittances, making around 700 transactions.
21 Aug 2017
IndiaSBI tops list of wilful default, PNB next
India's largest lender SBI is shouldering 27% of the total amount that wilful defaulters owe to the public-sector banks.
13 Jun 2017
IndiaGhaziabad- Robbers drill hole in bank strongroom, loot 30 lockers
Burglars in Ghaziabad drilled a two-foot hole in the wall of a strongroom at the Punjab National Bank in Modi Nagar, and made away with items worth crores.
02 May 2017
IndiaState Bank of India slashes rates by 50 basis points
The country's largest lender, State Bank of India, has slashed its interest rates by up to 50 basis points (bps) for various maturities to ward off high-cost deposits.
25 Jan 2017
Delhi PoliceDelhi CM could be targeted on Republic Day
An email addressed to Arvind Kejriwal said that he could be attacked by four men on Republic Day.
15 Jan 2017
NITI Aayog45 people become lakhpatis under NPCI schemes
The Centre revealed that its incentives of announcing lucky draws to encourage electronic payments had already made 45 people 'lakhpatis'.
01 Nov 2016
IndiaPNB set to issue bonds worth Rs.6,000 crore
Punjab National Bank announced plans to launch a massive bond issue to help raise funds amounting to Rs.6,000 crore.
22 Sep 2016
IndiaHDFC Bank tops the Top 50 valuable Indian brands chart
India's top bank HDFC Bank has topped the Top 50 most valuable Indian brands chart this year.
15 Sep 2016
IndiaSBI, IDFC Bank, Paytm, others set to issue e-toll tags
India's top banks such as the State Bank of India, Punjab National Bank, IDFC Bank and online wallet Paytm, are set to issue electronic tags for vehicles.
