Punjab National Bank
08 Dec 2019
#FinancialBytes: What is advance tax and who should file it?
Income tax accounts for a significant part of the government's revenue, and it is the responsibility of taxpayers to pay the required tax on the income they earned during a year on time.
07 Nov 2019
If extradited to India, I will kill myself: Nirav Modi
Fugitive diamantaire Nirav Modi, who is lodged in a prison in UK, wants to be released. And now, that his bail pleas have been junked repeatedly, he has taken to threats.
03 Nov 2019
13 cars linked to Nirav Modi to be auctioned soon
As many as 13 motor vehicles, including luxury cars, linked to disgraced diamond businessman Nirav Modi are set to be auctioned by the Enforcement Directorate in Mumbai on Thursday, November 7.
26 Sep 2019
'Crook' Mehul Choksi will be deported to India: Antigua PM
The days of Mehul Choksi's freedom are numbered and if all goes well, he will be deported to India, a statement from Antigua and Barbuda Prime Minister has hinted.
01 Sep 2019
Ahead of bank merger, PNB reduces FD interest rates again
Ahead of its merger with Oriental Bank of Commerce and United Bank of India, the state-run Punjab National Bank (PNB) has revised its fixed deposit (FD) interest rates yet again.
01 Aug 2019
After SBI, Punjab National Bank revises fixed deposit interest rates
Days after the State Bank of India announced that it will reduce the interest rates on fixed deposits (FDs), the Punjab National Bank (PNB) also revised its FD interest rates.
08 Jul 2019
Sensex plunges over 900 points, Nifty slips below 11,600 points
Benchmark equity indexes S&P BSE Sensex and NSE Nifty 50 continued to decline for a second consecutive session on Monday. Sensex lost over 900 points in late afternoon trade, while the broader Nifty tanked by over 245 points.
07 Jul 2019
PNB reports Rs. 3,800cr fraud by Bhushan Power & Steel
Punjab National Bank (PNB) on Saturday said that it has detected a fraud of Rs. 3,800 crore in the non-performing asset (NPA) account of Bhushan Power & Steel Limited (BPSL).
29 Apr 2019
#FinancialBytes: Fixed Deposit (FD) rates of top public, private banks
When it comes to investment options, Fixed Deposits (FD) are among the top choices in India as they guarantee fixed returns to investors.
26 Apr 2019
#FinancialBytes: All about minimum account balance rules of top banks
Regular savings bank accounts are the most popular type of bank accounts. They are also one of the safest investment options as they allow accountholders to save their money, use it anytime, and also earn interest.
01 Apr 2019
Nirav Modi-owned 13 luxury cars to go under hammer
After his 68 artworks, fugitive billionaire Nirav Modi's 13 luxury cars will reportedly go on auction on April 18.
29 Mar 2019
#NiravModiExtradition: London court rejects fugitive Nirav Modi's second bail plea
The Westminster Magistrates' Court in London has once again denied bail to fugitive diamantaire Nirav Modi wanted in the Rs. 13,500-crore Punjab National Bank scam.
21 Mar 2019
Nirav Modi planned plastic surgery to evade arrest: Report
Fugitive diamantaire Nirav Modi, the prime accused in the Rs. 13,000 crore Punjab National Bank fraud, tried different routes to evade arrest, reports TOI.
25 Feb 2019
#FinancialBytes: How to open a PPF account
Public Provident Fund, popularly known as the PPF scheme, is a long-term savings scheme, launched by the National Savings Institute, Government of India, in 1968.
15 Feb 2019
5 ways in which you can donate to Indian Army
The Indian Army is one of the largest and best armies in the world.
23 Nov 2018
Banks shut for three days this week: Details here
All Scheduled Commercial Banks including SBI (State Bank of India), PNB (Punjab National Bank), HDFC Bank and ICICI Bank, in several areas, witnessed three holidays this week, owing to different festivals.
02 Nov 2018
Bad loans soar, PNB posts Rs. 4,532cr loss in Sept-quarter
Fraud-hit Punjab National Bank today posted a shocking loss of Rs. 4,532.35 crore for the second quarter that ended September 30 on rising bad-loans.
25 Oct 2018
ED seizes Nirav Modi's Rs. 255cr-worth assets in Hong Kong
The Enforcement Directorate (ED) today said it has attached valuables and jewelry worth Rs. 255 crore in Hong Kong of diamond jeweler Nirav Modi in connection with the alleged $2 billion fraud in Punjab National Bank (PNB).
24 Oct 2018
IRCTC: Bank transaction charges while using Netbanking, Cards and Mobile-Wallets
Indian Railways Catering and Tourism and Corporation (IRCTC) offers the facility of booking train tickets online, via its website and mobile app.
17 Oct 2018
PNB Fraud: ED attaches Rs. 218.46cr-worth assets of Choksi, others
The Enforcement Directorate (ED) on Wednesday seized assets worth over Rs. 218 crore in the nearly Rs. 13,000 crore loan fraud case probe, officials said.
01 Oct 2018
PNB scam: ED attaches Nirav Modi's property worth Rs. 637cr
On Monday, the Enforcement Directorate attached properties and bank account related to fugitive Nirav Modi worth Rs. 637 crore.
27 Sep 2018
#PNBScam: Choksi gets time to reply to ED plea
A special court yesterday gave diamond jeweler Mehul Choksi, a key accused in PNB bank fraud case, time till October 30 to file his reply to an Enforcement Directorate (ED) plea seeking to declare him a "fugitive" under Fugitive Economic Offenders Act.
21 Sep 2018
Noida: Attackers kill 2 PNB security guards in robbery attempt
Two private security guards of a bank were killed allegedly by unidentified assailants in a loot attempt in Noida, UP.
10 Sep 2018
#PNBScam: Interpol issues Red Corner Notice against Nirav Modi's sister
Interpol has issued a Red Corner Notice (RCN) against Purvi Modi, a Belgian national and absconding billionaire jeweler Nirav Modi's sister, in connection with the alleged $2 billion PNB money laundering case, officials said Monday.
02 Sep 2018
Mehul Choksi's properties are money laundering assets: PMLA Authority
A designated PMLA authority has held that 41 properties worth about Rs. 1,210 crore, attached by the Enforcement Directorate (ED) in the name of absconding diamond jeweler Mehul Choksi and his associated firms, are money laundering assets.
22 Aug 2018
Amazon-exclusive 10.or D2 launched in India, starts at Rs. 6,999
China-based 10.or (pronounced Tenor) has launched the D2 smartphone in India.
05 Aug 2018
24 banks collect Rs. 5,000cr as minimum balance non-maintenance penalties
Twenty-four banks have collected a whopping Rs. 4,988cr in 2017-18 as penalties for non-maintenance of minimum average monthly balance (AMB).
04 Aug 2018
PNB Scam: Senior executive of Nirav Modi's firm gets bail
A special CBI court in Mumbai today granted bail to Vipul Ambani, a senior executive of a firm owned by diamantaire Nirav Modi, in the multi-crore Punjab National Bank scam.
03 Aug 2018
Indian agencies told Antigua no adverse records against Choksi: Report
Indian agencies told Antigua that there was no adverse information against Mehul Choksi when the Caribbean country did its background check on the fugitive billionaire before granting him citizenship in May 2017, Antiguan paper the Daily Observer reported.
27 Jul 2018
State-run banks mull performance-linked pay for employees at the top
In a rare move, state-run banks State Bank of India (SBI), Punjab National Bank (PNB) and Bank of Baroda (BoB) are mulling a performance-linked salary structure for employees at the top.
17 Jul 2018
PNB collects Rs. 151.66 crore as below minimum balance penalty
In FY 2017-18, a total penalty of Rs. 151.66cr has been recovered due to non-maintenance of minimum balance in nearly 1.23 crore savings fund accounts, PNB replied in response to RTI activist Chadra Shekhar Gaud's query.
11 Jun 2018
Business Roundup: Here are today's top 5 Business news
Here's your daily dose of top five business news.
10 Jun 2018
PSU banks suffer whopping Rs. 87,000cr loss in FY18
Losses of 19 government-run banks crossed a whopping Rs. 87,357cr in FY2017-18, topped by scam-tainted Punjab National Bank which took a hit of nearly Rs. 12,283cr.
02 Jun 2018
Business Roundup: Here are today's top 5 business news
Here comes your daily business news wrap, have a 'byte'.
29 May 2018
ED attaches Rs. 177cr-worth assets in Rotomac bank fraud case
The Enforcement Directorate today said it has attached assets worth Rs. 177 crore in connection with its probe against Kanpur-based Rotomac Group.
27 May 2018
#CareerBytes: Going to US for higher-studies? Here're best education-loan options
Many Indian students aspire to pursue higher studies, especially MS (Master of Science), in the US as it's home to many top universities.
26 May 2018
India offers the best and worst returns in banking
The Indian banking sector is increasingly becoming characterized by contradictory elements.
16 May 2018
Nearly 1.70 lakh registrations for the 60-day long Amarnath yatra
Over 1.70 lakh pilgrims have registered for the 60-day long pilgrimage to the cave shrine of Amarnath in south Kashmir Himalayas, set to begin from Jammu on June 28.
15 May 2018
Fraud-hit PNB posts Rs. 13,420cr loss in Q4 of FY17-18
On Tuesday, the fraud-hit Punjab National Bank (PNB) reported a massive net loss of Rs. 13,419.91cr in Q4 of FY17-18.
14 May 2018
PNB scam: CBI to file chargesheet against several senior bankers
After three FIRs and 19 arrests, the CBI is all set to file its first chargesheet in the Rs. 12,600cr Punjab National Bank (PNB) loan fraud case involving jewellers Nirav Modi and Mehul Choksi.