Punjab National Bank
General
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 ......
General
Job crisis: How India's biggest corporate employers fared in recent years
In 2014, the Bharatiya Janata Party and its leader Narendra Modi promised to create 100 million new jobs if voted ......
Finance
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 ......
General
NIIF eyes IDFC Infrastructure Finance; PNB Housing gets seven suitors
The National Investment and Infrastructure Fund (NIIF) is in advanced discussions to acquire IDFC Infrastructure Finance for around Rs 1,000 ......
Finance
India's mid-size bad loans resolution process from this month: Project Sashakt's Mehta
In early July, a panel led by Sunil Mehta, non-executive chairman at Punjab National Bank, proposed a five-pronged Project Sashakt ......
Finance
Project Sashakt panel engages with PE funds for AIF as investors seek clarity
A committee of bankers tasked with implementing Project Sashakt to ease the pile of bad loans on banks’ balance sheets ......
Finance
PNB plans asset sales to revive fortunes after second straight quarterly loss
India's Punjab National Bank reported a second straight quarterly loss on Tuesday as it earmarked more funds to cover a ......
Finance
UTI AMC's local, foreign shareholders spar over extending chief Leo Puri's term
The fate of UTI Asset Management Company’s chief executive, Leo Puri, is hanging in the balance as the mutual fund ......
People
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 ......
Finance
In Charts: How top NBFCs outpaced biggest banks by asset and profit growth
Last week, VCCircle analysed how India’s 11,500-odd non-banking finance companies have, in the past few years, capitalised on the Rs ......
