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PNB

PNB hikes bad-loan recovery target by over 50% for FY20

Finance

30 May, 2019

PNB hikes bad-loan recovery target by over 50% for FY20

State-owned Punjab National Bank (PNB) has increased its bad-loan recovery target to Rs 25,000 crore for the current financial year. ......

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Putting onus on borrower is bankruptcy law's biggest plus point: PNB's Sunil Mehta

Finance

04 March, 2019

Putting onus on borrower is bankruptcy law's biggest plus point: PNB's Sunil Mehta

It has been a year since Punjab National Bank (PNB) revealed that two jewellery groups had swindled the state-run lender ......

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Flashback 2018: Financial sector grapples with PNB scam, NBFC crisis, RBI-govt row

Finance

27 December, 2018

Flashback 2018: Financial sector grapples with PNB scam, NBFC crisis, RBI-govt row

Bad loans, the rising gulf between the Reserve Bank of India and the government, and the Punjab National Bank-Nirav Modi ......

Cerebrus hires AION exec to head India biz; Suzlon may sell 49% in subsidiary

General

10 December, 2018

Cerebrus hires AION exec to head India biz; Suzlon may sell 49% in subsidiary

US private equity firm Cerberus Capital has hired Indranil Ghosh, former principal at special situations PE company AION Capital Partners, ......

PNB posts third straight quarterly loss on fraud-related provisions

Finance

02 November, 2018

PNB posts third straight quarterly loss on fraud-related provisions

Punjab National Bank (PNB) reported a third straight quarterly loss on Friday as it set aside more money to account ......

PNB, Carlyle shelve plan to sell stake in PNB Housing Fin; Nykaa may raise funds

General

10 October, 2018

PNB, Carlyle shelve plan to sell stake in PNB Housing Fin; Nykaa may raise funds

Public sector lender Punjab National Bank and private equity firm The Carlyle Group have shelved their plans to sell stake ......

Blackstone makes cash offer for PNB unit; Tatas, India Power bid for Odisha discom

General

20 September, 2018

Blackstone makes cash offer for PNB unit; Tatas, India Power bid for Odisha discom

Out of 20 suitors, private equity giant Blackstone has emerged as the only entity to make an all-cash offer to ......

Law firm Cyril Amarchand under scrutiny in PNB fraud probe

Finance

19 September, 2018

Law firm Cyril Amarchand under scrutiny in PNB fraud probe

India’s largest law firm, Cyril Amarchand Mangaldas (CAM), is being scrutinized by federal agents after they seized documents related to ......

PNB fraud: India asks UK to extradite jeweller Nirav Modi

People

03 August, 2018

PNB fraud: India asks UK to extradite jeweller Nirav Modi

India has asked Britain to extradite billionaire jeweller Nirav Modi, one of the main accused in the $2 billion loan ......

Govt set to inject $1.65 bn into fraud-hit PNB, four other banks

Finance

18 July, 2018

Govt set to inject $1.65 bn into fraud-hit PNB, four other banks

India's government will inject a total 113.36 billion rupees ($1.65 billion) in five state-run banks, including fraud-hit Punjab National Bank, ......