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Punjab National Bank

PNB branch at centre of Nirav Modi scam detects new fraud

Finance

15 March, 2018

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 ......

Punjab National Bank fraud swells by $145 mn more

Finance

13 March, 2018

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) ......

Andhra Bank shares slump to 15-year low on fraud probe

Finance

12 March, 2018

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 ......

Farmers' woes to PNB fraud: It's a long march for BJP to meet its promises

General

12 March, 2018

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 ......

Jeweller Nirav Modi's bankrupt US firm draws strong interest from buyers

Consumer

01 March, 2018

Jeweller Nirav Modi's bankrupt US firm draws strong interest from buyers

Potential buyers have expressed strong early interest in a bankrupt U.S. firm of jeweller Nirav Modi, who has been accused ......

Nirav Modi case: Cyril Amarchand office raided by CBI

General

27 February, 2018

Nirav Modi case: Cyril Amarchand office raided by CBI

The Central Bureau of Investigation had searched the Mumbai office of law firm Cyril Amarchand Mangaldas last week for documents ......

Bank stocks drag Sensex, Nifty lower; PNB down 12%

Markets

27 February, 2018

Bank stocks drag Sensex, Nifty lower; PNB down 12%

Indian shares ended lower on Tuesday, dragged by bank stocks as uncertainties around state-run banks hit risk appetite.Punjab National Bank ......

PNB says bank fraud now estimated at nearly $2 bn

Finance

27 February, 2018

PNB says bank fraud now estimated at nearly $2 bn

India’s Punjab National Bank (PNBK.NS) said late on Monday that the amount of fraudulent transactions involving the bank could go ......

PNB says it can recover from India's largest-ever loan fraud as shares slide

Finance

15 February, 2018

PNB says it can recover from India's largest-ever loan fraud as shares slide

Punjab National Bank, India’s second-largest state-run lender, said on Thursday it has the capability and capacity to recover after uncovering ......

Punjab National Bank detects fraudulent transactions worth $1.77 bn

Finance

14 February, 2018

Punjab National Bank detects fraudulent transactions worth $1.77 bn

State-run Punjab National Bank (PNB) said on Wednesday it had detected some “fraudulent and unauthorised” transactions worth about $1.77 billion ......