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The Nirav Modi fraud-hit Punjab National Bank (PNB) led the pack with the largest amount of NPAs worth Rs 86,620 crore during 2017-18.

Board to soon consider amalgamation with OBC, United Bank: PNB

The government on Friday unveiled a mega plan to merge 10 public sector banks into four as part of plans.

31 Aug 2019 2:14 PM IST

BCCI President Anurag Thakur

PMC Bank crisis 'eye opener', RBI looking into lapses: Thakur

PMC Bank came under stress due to alleged financial irregularities forcing the RBI to impose restriction on it.

30 Sept 2019 3:38 PM IST

The Nirav Modi fraud-hit Punjab National Bank (PNB) led the pack with the largest amount of NPAs worth Rs 86,620 crore during 2017-18.

PNB puts up for sale 11 NPA accounts to recover dues of Rs 1,234 cr

The lender has invited bids from asset reconstruction companies (ARCs)/ NBFCs/ banks/ financial institutions for 11 NPA...

9 Sept 2019 10:06 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 board to consider Rs 18,000-crore capital infusion this week

The board shall consider capital infusion up to Rs 18,000 crore in its meeting scheduled on September 5, 2019, PNB said.

2 Sept 2019 8:16 PM IST

UK court plays video of Nirav Modis death threats to Dummy Directors. (PTI Photo)

UK court plays video of Nirav Modi's death threats to 'dummy...

Modi's defence team have claimed a paucity of evidence to prove dishonesty and also questioned the admissibility of some...

14 May 2020 3:23 PM IST

Punjab National Bank said on Thursday it had reported loans made to Dewan Housing Finance Corporation Ltd worth Rs 3,689 billion. (PTI Photo)

PNB reports over Rs 3600 crore DHFL loans as fraud

DHFL accumulated total debts of almost Rs 1 trillion and then failed to honour dues to its creditors

10 July 2020 9:09 AM IST

PNB customers will have to pay charges for depositing cash above Rs 5,000 in a non-base branch even if it is located in the same city.

Fresh Rs 9 crore fraud comes to haunt PNB

The LOUs were issued to SBI's Antwerp branch in Belgium on April 25 last year with payment due date till January 20,...

16 March 2018 12:31 AM IST

SBI is Indias largest public sector lender. (Photo: PTI)

Except for PNB, no unauthorised LoUs issued by PSBs: SBI official

RBI has stopped banks from issuing LoUs and Letters of Comfort for trade finance for imports into the country.

15 March 2018 3:54 PM IST

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

PNB refuses to disclose details on over Rs 13,000 cr scam

RBI had also earlier declined to share inspection reports for scam-hit PNB.

21 May 2018 8:40 AM IST

Employees of public sector banks have threatened to go on two-day nation-wide strike from May 30.

21 PSBs lost Rs 25,775 crore to frauds in FY18

RBI in its reply on May 15 did not specify details of any particular case of banking fraud.

29 May 2018 8:45 AM IST

Given the higher NPAs and weak capitalisation of PSBs, ICRA had earlier projected private sector banks market share in the banking sector advances to increase to 38 per cent 40 per cent by 2020 from 27.5 per cent as on March 31, 2017. (Representational image)

PSBs to lose biz to private banks

Industry experts believe that the higher non performing assets (NPA) coupled with several instances of loan frauds.

3 March 2018 2:43 AM IST

Industry chambers CII and Assocham on Sunday asked the government that the PNB fraud should not hinder bank loans to businesses which were showing signs of revival after being hit by demonetisation and GST.

Home, auto loan EMIs to go up as SBI, PNB hike lending rates

SBI raised its one year MCLR (marginal cost of fund-based lending rate) by 20 basis points to 8.15 per cent.

2 March 2018 11:12 AM IST