Punjab National Bank
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 ......
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 sector banks. ......
