Punjab National Bank
Finance
Punjab National Bank posts $2 bn loss for Jan-March on Nirav Modi scam
Punjab National Bank, the fourth-biggest Indian lender by assets, posted a $1.98 billion fourth-quarter net loss after being hit by ......
Finance
Govt seeks ouster of Allahabad Bank CEO, two PNB execs over Nirav Modi fraud case
India is taking steps to oust three bank executives, its banking secretary said on Monday, after police issued a list ......
People
PNB fraud: India asks Hong Kong to arrest jeweller Nirav Modi
India has asked authorities in Hong Kong to arrest jeweller Nirav Modi, one of the main suspects in a $2-billion ......
Finance
From diamond merchants to fish farmers, why is defrauding Indian banks so easy?
Are Indian bankers sloppy? Are they corrupt? Or is it just dumb luck that India’s banking sector is in the ......
Finance
State-run IDBI Bank discloses $119 mn fraud
IDBI Bank Ltd said on Tuesday fraudulent loans of 7.72 billion rupees ($118.8 million) were issued from five of its ......
Opinion
Privatisation of state-owned banks is not a solution to the bad loans mess
Following the Punjab National Bank fraud involving Nirav Modi, we have witnessed a huge clamour for privatising public ......
Finance
PNB branch at centre of Nirav Modi scam detects new fraud
India’s Punjab National Bank (PNB) has detected another small fraud at a Mumbai branch which is at the centre of ......
Finance
Punjab National Bank fraud swells by $145 mn more
The Punjab National Bank has told police that it has uncovered additional exposure of about 9.42 billion rupees ($145.2 million) ......
Finance
Andhra Bank shares slump to 15-year low on fraud probe
Shares in the state-run Andhra Bank, already hurt by an industry-wide spillover of a huge scam in another lender, fell ......
General
Farmers' woes to PNB fraud: It's a long march for BJP to meet its promises
Two years ago, as part of the 2016-17 budget announcements, Prime Minister Narendra Modi vowed to double farmers' income by ......
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