Page 14 - Punjab National Bank

Finance Ministry suggests extending terms of CEOs, EDs at state-owned banks

Leaders of Punjab National Bank, UCO Bank and Bank of Maharashtra likely to get more time at their jobs.

PNB scam: Mumbai court grants bail to Dhanesh Sheth, close aide of Choksi

A trial court here has granted bail to Dhanesh Vrajlal Sheth, the managing director of three firms accused in the multi-crore Punjab National Bank (PNB) fraud case

Indian Overseas Bank becomes the second most-valued public lender

On a closing basis, the bank's market cap was Rs 51,887 crore at the end of trading on Friday, surpassing its peers Punjab National Bank (PNB) and Bank of Baroda (BOB)

Fugitive diamantaire Mehul Choksi: The first glimmers of fraud

The diamantaire's implication in his nephew's defrauding of PNB is well documented. Less well known is the sharp practices he employed in his Indian businesses long before this global scandal erupted

PNB to apprise board of PNB Housing Finance deal in Friday meet

The shareholders of PNB Housing on Tuesday voted on a special resolution for a preferential allotment of shares to a clutch of investors led by the Carlyle Group

PNB board meeting on Friday; PNB Housing Finance issue may come up

The board of state-owned PNB is schedule to meet on Friday, which among other routine agenda may take up the proposed investment of Rs 4,000 crore by US-based private equity firm Carlyle and others

Preferential valuation

PNB Housing should have engaged an independent valuer

PNB scam: CBI files supplementary chargesheet against Gitanjali ex-official

Two officials of the Punjab National Bank (PNB) -- Sagar Sawant and Sanjay Prasad -- and a director of the Gili and the Nakshtra brands under the group, Dhanesh Seth, have also been named as accused

Long wait for the next flight to Dominica

Efforts by India to get back Mr Choksi will depend to a large extent on the response to the request for his repatriation from Dominica

Good show by banks but can they sustain it?

Till March, banks could hold on but not all of them will be in a position to stomach the impact of the second wave of the pandemic

PNB examining proxy advisor's concern on deal with Carlyle Group

The deal has split proxy advisory firms, which expressed divergent views on the proposed infusion in PNB Housing

Reserve Bank imposes penalty on Bank of India, PNB totalling Rs 6 crore

The RBI on Monday imposed penalty aggregating to Rs 6 crore on Bank of India and Punjab National Bank for contravention of norms

Expect Rs 6K-cr loans to be restructured: PNB MD & CEO Mallikarjuna Rao

Under restructuring 1.0, PNB received requests for restructuring Rs 11,000 crore in corporate, retail, and MSME loans.

The road ahead for State Bank of India

The elephant in Indian banking has already become nimble-footed. Its new boss, Dinesh Khara, needs to choreograph the steps for its dance

Punjab National Bank eyes three-fold rise in profit in fiscal 2022

Despite Covid-19, the bank's profit surged over five times during the financial year ended March 2021

PNB to transfer bad loans worth Rs 8,000 crore to NARCL

In current quarter, the bank expects substantial recovery from DHFL, although there are some issues lingering in NCLAT, its MD said

PNB posts Rs 586 crore profit in Q4; NII jumps over 48% to Rs 6,937 crore

Sequentially, the net profit has increased 16 per cent from Rs 506 core posted in the October-December quarter

PNB posts net profit of Rs 586 crore in Q4; NII rises 48%

The bank's gross non-performing assets (NPAs) increased to 14.12 per cent in the March quarter

Mehul Choksi's lifelong drive to do 'something big' ends in Caribbean trial

Bank fraud, Bollywood ambassadors and an offshore soap opera - the many acts of a fugitive diamantaire

Hand over Mehul Choksi, he is our citizen: India tells Dominica

Efforts have been scaled up to bring back fugitive businessman Mehul Choksi. Multiple agencies are in touch with the government of Dominica on the issue