Punjab National Bank: News
05 Sep 2024
KarnatakaKarnataka lifts ban on SBI, PNB after recovering 'embezzled' funds
The Karnataka government has rescinded a previous directive that prohibited its departments from conducting business with the State Bank of India (SBI) and Punjab National Bank (PNB).
14 Aug 2024
KarnatakaWhy Karnataka government has suspended transactions with SBI, PNB
In a dramatic move, the Karnataka government has issued an order to suspend all transactions with the State Bank of India (SBI) and Punjab National Bank (PNB).
27 Jul 2024
Bombay Stock Exchange (BSE)PNB reports stellar Q1 results: Profit up 159% to ₹3,252cr
Punjab National Bank (PNB), a state-owned lender, has reported a significant surge in its net profit for the first quarter of the 2024-25 financial year (FY).
14 Jul 2024
BusinessPC Jeweller to settle bank loans with ₹2,705 crore fundraising
PC Jeweller Ltd has unveiled plans to raise up to ₹2,705 crore by issuing warrants on a preferential basis.
09 Jun 2024
DubaiPNB to open office in Dubai, expanding international footprint
Punjab National Bank (PNB), a state-owned entity, has unveiled plans to establish a representative office in Dubai as part of its global expansion strategy.
11 Apr 2024
BusinessRefund of fraud transactions: Victim wins decade-long case against PNB
A Railway Police Force (RPF) constable recently emerged victorious in a 10-year-long legal battle against Punjab National Bank (PNB) over an fraud transaction case, as reported by the Economic Times.
25 Jan 2024
Stock MarketPNB's Q3 profit surges three-fold to over Rs. 2,200 crore
Punjab National Bank (PNB) has reported a significant increase in its profit for the quarter ended December 2023.
15 Dec 2023
Stock MarketPNB joins the Rs. 1L crore market cap league
Punjab National Bank (PNB) joined the ranks of State Bank of India and Bank of Baroda as the third Indian lender to surpass a market cap of Rs. 1 lakh crore.
03 Nov 2023
Reserve Bank Of India (RBI)RBI penalizes PNB, Federal Bank for violating KYC norms
RBI has imposed penalties on several entities for non-compliance with regulatory norms.
26 Oct 2023
BusinessPNB reports a 327% rise in Q2 net profit
Punjab National Bank (PNB) has revealed a remarkable 327% surge in net profit for the second quarter of the fiscal year, amounting to Rs. 1,756 crore.
02 Aug 2023
ICICI BankLoan EMIs to increase as major banks hike interest rates
ICICI Bank, Punjab National Bank (PNB), and Bank of India (BOI) have updated their marginal cost-based lending rates (MCLR) on loans.
15 Apr 2023
Mehul ChoksiBig relief for Mehul Choksi, can't be extradited from Antigua
Fugitive diamantaire Mehul Choksi—who is wanted in India for his involvement in a Rs. 13,500 crore fraud case—got a big relief from the High Court of Antigua and Barbuda, reported ANI.
02 Feb 2023
Adani GroupRBI is looking into Indian banks' exposure to Adani Group
As Adani Group companies nosedive in the stock market, the Reserve Bank of India (RBI) has stepped in to measure the exposure of Indian banks to the conglomerate.
09 Nov 2022
Nirav ModiNirav Modi's plea against extradition rejected by British court
A United Kingdom court on Wednesday rejected the plea of fugitive Nirav Modi against extradition to India to face the charges of fraud.
21 May 2022
Nirav ModiDominica withdraws illegal entry case against fugitive Mehul Choksi
In a relief to fugitive diamantaire Mehul Choksi, Dominican authorities withdrew the proceedings over his "illegal entry" into the island nation, officials said on Saturday.
29 Nov 2021
AntiguaFugitive diamantaire Mehul Choksi says he may be kidnapped again
Fugitive diamantaire Mehul Choksi has expressed fears that he may be kidnapped again in an "unlawful and illegal manner" and be extradited to India.
19 Oct 2021
New York CityNirav Modi's plea on dismissing fraud allegations rejected by court
A bankruptcy court in the United States has rejected a petition filed by fugitive Indian businessman Nirav Modi and two of his associates, seeking the dismissal of fraud allegations against them.
29 Jun 2021
Reserve Bank Of India (RBI)SBI will charge beyond four free cash withdrawals every month
The country's largest lender SBI will levy charges for cash withdrawal beyond four free transactions in a month from customers holding the basic savings bank deposit (BSBD) accounts.
18 Jun 2021
Mehul ChoksiMehul Choksi remanded to state prison in Dominica
A magistrate court in Dominica on Thursday moved Mehul Choksi from police custody to state prison, his lawyer Vijay Aggarwal said, but added that he would continue to remain in hospital as his medical condition deteriorated.
10 Feb 2021
Reserve Bank Of India (RBI)Top 100 wilful defaulters owe Rs. 84,632 crore to banks
The amount of money that the top 100 wilful defaulters owe banks increased in FY20, as compared to a year earlier. The defaulters owe Rs. 84,632 crore to lenders, up from FY19's figure of Rs. 80,344 crore.
06 Jan 2021
Narendra ModiNirav Modi's sister, brother-in-law turn approvers, will testify against him
Fugitive diamantaire Nirav Modi's younger sister and brother-in-law have turned approvers in the Punjab National Bank (PNB) scam case and will now testify against him after a special court in Mumbai accepted their request seeking a pardon on Monday.
22 Dec 2020
KarnatakaVHP to start fund-raising drive in Karnataka for Ram temple
The Vishva Hindu Parishad (VHP) will rope in over five lakh volunteers to start a door-to-door fundraising drive in Karnataka from January 15 to February 27, 2021, to build a grand Sri Ram Temple in Ayodhya, the outfit's international working president Alok Kumar said on Tuesday.
21 Sep 2020
IndiaFinCEN files: All you need to know about the leak
Several Indian banks helped facilitate transactions red-flagged by the United States Treasury Department's Financial Crimes Enforcement Network (FinCEN) for suspected money laundering, terrorism, drug dealing, and financial fraud, a major leak of top-secret documents has revealed.
08 Dec 2019
Reserve Bank Of India (RBI)#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
Nirav ModiIf 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
India13 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
India'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
IndiaAhead 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.
30 Aug 2019
Union Bank of IndiaGovernment to merge 10 major public sector banks into 4
In a major move, the Indian government has announced the plan to merge public sector banks.
01 Aug 2019
State Bank of India (SBI)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.
31 Jul 2019
Narendra ModiMallya and Modi's extradition cases to be heard in 2020
In a recent development, the extradition trial of fugitive businessman Nirav Modi in UK's Westminster Magistrates Court will be held next year, reports HT.
07 Jul 2019
IndiaPNB 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).
27 Jun 2019
Central Bureau Of Investigation (CBI)Swiss bank accounts of Nirav Modi, having Rs. 280cr, seized
There seems to be no end to troubles of beleaguered diamantaire Nirav Modi, who is the prime accused in the Rs. 13,700 crore PNB fraud.
12 Jun 2019
LondonNirav Modi's fourth bail plea rejected by UK court
On Wednesday, the Royal Courts of Justice denied the bail application of fugitive businessman Nirav Modi. This was the fourth time that Modi, a prime accused in multi-crore PNB scam, approached a court seeking respite.
29 Apr 2019
India#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
LondonLondon court rejects Nirav Modi's bail plea for third time
On Friday, a UK court rejected bail application of fugitive Indian businessman Nirav Modi for the third time. He was presented before Westminster Magistrates Court via video conferencing.
26 Apr 2019
India#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.
30 Mar 2019
LondonED officer probing Nirav Modi case removed, reinstated hours later
In a concerning turn of events, the Enforcement Directorate officer who was investigating the Nirav Modi case was relieved of his duties on Friday evening, only to be reinstated at the post hours later.
29 Mar 2019
London#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
LondonNirav 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.
21 Mar 2019
Narendra ModiAfter Nirav Modi's bail rejection, PM says "Chowkidar is alert"
Fugitive businessman Nirav Modi, who is the prime accused in the Rs. 13,000 crore PNB fraud, was denied bail by a UK court on Wednesday. He will stay in prison till March 29.
20 Mar 2019
LondonFugitive businessman Nirav Modi arrested in London, claims report
Nirav Modi, the fugitive businessman, who is the main accused in the multi-crore PNB scam has been arrested in London, claimed NDTV.
18 Mar 2019
Narendra ModiMehul Choksi's namesake just submitted thesis on PM Modi
A student from Surat has submitted his doctorate thesis on Prime Minister Narendra Modi. Just like the subject of his research, the name of the student is equally interesting- Mehul Choksi.
13 Mar 2019
IndiaIndia didn't show interest in pursuing Nirav Modi's case: Report
India apparently didn't show interest in pursuing the case of Nirav Modi, the fugitive diamantaire who was spotted in London last week claims a report by NDTV.
09 Mar 2019
LondonNirav Modi spotted in London, running diamond business: Report
Nirav Modi, the fugitive diamantaire wanted in the multi-crore PNB scam, is living freely in London, a report in The Telegraph confirmed.
08 Mar 2019
Bombay High CourtNirav Modi's bungalow, worth Rs. 100 crore, demolished using explosives
Fugitive diamantaire Nirav Modi's sprawling seaside bungalow located in Alibaug, Maharashtra was demolished on Friday.
25 Feb 2019
India#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.
23 Nov 2018
KeralaBanks 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.
22 Nov 2018
Andhra PradeshRichest member in Chandrababu's family is his four-year-old grandson
Nara Devansh, the grandson of Andhra Pradesh Chief Minister Chandrababu Naidu is the richest member of the family, having assets worth Rs. 18.71 crore.
06 Nov 2018
KolkataPNB Scam: Mehul Choksi's associate Deepak Kulkarni arrested in Kolkata
After months, authorities have finally made a break in the Rs. 13,000cr PNB fraud case.
02 Nov 2018
Bombay Stock Exchange (BSE)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
Hong KongED 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).
