Punjab National Bank
General
Bain plans India team for stressed asset deals; Visa eyes stake in BillDesk
US-based alternative investment firm Bain Capital is planning to set up a dedicated team in India to focus on stressed ......
General
Zomato in talks to raise $400 mn; Bloom wins bid for Delhi hotel
Online restaurant discovery and food delivery company Zomato Media Pvt. Ltd is in discussions with investors to raise $400 million, ......
Finance
PNB probe reveals how lapses across levels led to $2 bn fraud
A $2 billion fraud at India’s Punjab National Bank (PNB) may have been orchestrated by a few rogue employees, but ......
Finance
Bad loans: How ICICI and other private-sector banks stack up against PSU lenders
The debate on the bad loan mess plaguing the Indian banking industry has focussed mainly on state-run lenders. And for ......
Finance
Here's why booking CAs and lawyers for bank frauds may not be enough
Punjab National Bank (PNB), which suffered the ignominy of reporting India’s biggest bank fraud, plans to go on the offensive ......
People
PNB fraud: Jeweller Nirav Modi flees to UK, seeks political asylum
Nirav Modi, the billionaire jeweller at the heart of a more than $2 billion fraud case in India, has fled ......
Finance
SBI, PNB's billion-dollar losses only tell half the sorry tale of PSU banks
State Bank of India, the country's largest lender, earlier this week reported its highest-ever quarterly loss of more than Rs ......
General
India unwrapped: Poll drama plays out in Karnataka; PNB fraud probe inches ahead
A week, they say, is a long time in politics. Events related to the Karnataka elections over the past week ......
Finance
CBI files charges against jeweller Mehul Choksi in PNB fraud case
The Central Bureau of Investigation (CBI) has filed charges against five further people including jeweller Mehul Choksi as part of ......
Finance
How the $2-bn PNB fraud choked credit supply to small businesses
When a $2 billion dollar fraud at state-run Punjab National Bank rocked India two months ago, Chetan Hemani and other ......
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