Punjab National Bank

Timelines
#FinancialBytes: What is advance tax and who should file it?

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.

If extradited to India, I will kill myself: Nirav Modi

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.

13 cars linked to Nirav Modi to be auctioned soon

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.

'Crook' Mehul Choksi will be deported to India: Antigua PM

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.

Ahead of bank merger, PNB reduces FD interest rates again

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.

After SBI, Punjab National Bank revises fixed deposit interest rates

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.

Sensex plunges over 900 points, Nifty slips below 11,600 points

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.

PNB reports Rs. 3,800cr fraud by Bhushan Power & Steel

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).

#FinancialBytes: Fixed Deposit (FD) rates of top public, private banks

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.

#FinancialBytes: All about minimum account balance rules of top banks

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.

Nirav Modi-owned 13 luxury cars to go under hammer

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.

#NiravModiExtradition: London court rejects fugitive Nirav Modi's second bail plea

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.

Nirav Modi planned plastic surgery to evade arrest: Report

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.

#FinancialBytes: How to open a PPF account

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.

5 ways in which you can donate to Indian Army

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.

Banks shut for three days this week: Details here

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.

Bad loans soar, PNB posts Rs. 4,532cr loss in Sept-quarter

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.

ED seizes Nirav Modi's Rs. 255cr-worth assets in Hong Kong

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).

IRCTC: Bank transaction charges while using Netbanking, Cards and Mobile-Wallets

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.

PNB Fraud: ED attaches Rs. 218.46cr-worth assets of Choksi, others

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.

PNB scam: ED attaches Nirav Modi's property worth Rs. 637cr

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.

#PNBScam: Choksi gets time to reply to ED plea

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.

Noida: Attackers kill 2 PNB security guards in robbery attempt

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.

#PNBScam: Interpol issues Red Corner Notice against Nirav Modi's sister

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.

Mehul Choksi's properties are money laundering assets: PMLA Authority

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.

Amazon-exclusive 10.or D2 launched in India, starts at Rs. 6,999

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.

24 banks collect Rs. 5,000cr as minimum balance non-maintenance penalties

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).

PNB Scam: Senior executive of Nirav Modi's firm gets bail

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.

Indian agencies told Antigua no adverse records against Choksi: Report

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.

State-run banks mull performance-linked pay for employees at the top

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.

PNB collects Rs. 151.66 crore as below minimum balance penalty

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.

Business Roundup: Here are today's top 5 Business news

11 Jun 2018

Business Roundup: Here are today's top 5 Business news

Here's your daily dose of top five business news.

PSU banks suffer whopping Rs. 87,000cr loss in FY18

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.

Business Roundup: Here are today's top 5 business news

02 Jun 2018

Business Roundup: Here are today's top 5 business news

Here comes your daily business news wrap, have a 'byte'.

ED attaches Rs. 177cr-worth assets in Rotomac bank fraud case

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.

#CareerBytes: Going to US for higher-studies? Here're best education-loan options

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.

India offers the best and worst returns in banking

26 May 2018

India offers the best and worst returns in banking

The Indian banking sector is increasingly becoming characterized by contradictory elements.

Nearly 1.70 lakh registrations for the 60-day long Amarnath yatra

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.

Fraud-hit PNB posts Rs. 13,420cr loss in Q4 of FY17-18

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.

PNB scam: CBI to file chargesheet against several senior bankers

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.