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Latest Articles in pnb bank

Ind-Ra Downgrades PNB Housing Finance's NCDs To AA With Stable Outlook

The downgrade reflects challenging operating environment for majority of non-banks in the mid-to-higher ticket size housing loan segment, increasing pressure on asset quality and higher leverage in view of the portfolio composition

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PNB Puts Up For Sale 11 NPA Accounts To Recover Dues Of Rs 1,234 Cr

The lender has invited bids from asset reconstruction companies (ARCs)/ NBFCs/ banks/ financial institutions for 11 NPA accounts.

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PNB Returns To Black, Posts Standalone Net Profit Of Rs 1,019 Cr In Q1

Total income rose to Rs 15,161.74 crore during the June quarter of 2019-20, as against Rs 15,072.41 crore.

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PNB Narrows Q4 Loss To Rs 4,750 Crore

The scam-hit lender had posted a staggering loss of Rs 13,417 crore during the corresponding January-March period of 2017-18.

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CBI Scrutinizes Law Firm Cyril Amarchand in PNB Fraud Investigation After Documents Moved

In what has been dubbed as India's biggest bank fraud, PNB in January alleged that billionaire diamond jeweller Nirav Modi and his uncle had for years fraudulently raised billions of dollars in foreign credit by conspiring with staff at the bank

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PNB Posts Consecutive Quarterly Loss On Fraud-related Provisions

Net loss was Rs 9.40 billion ($136.72 million) for the three months to June 30, compared with a profit of 3.43 billion rupees a year earlier

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PNB refuses to disclose details on over Rs 13,000 cr scam

State-run Punjab National Bank (PNB) has refused to disclose details of the audit or investigation that led to detection of over Rs 13,000 crore fraud at the company, citing a clause that bars any disclosure that can impede the process of investigating or apprehending the offenders.

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Fraud Hit PNB Posts Biggest Quarterly Loss Of Rs 13,417 Crore In Q4

Scam-hit Punjab National Bank today posted loss of Rs 13,416.91 crore for the January-March period, the biggest ever by any domestic lender, as bad loans surged.

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Shares Of State-run Banks Rise On PNB Compensation Hopes, Easing Rate Woes

The bank's shares surged as much as 15 percent, its biggest intra-day percentage gain since 25 October. It was the top percentage gainer on the Nifty PSU Bank index that rose as much as 5.7 percent.

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PNB Adopts Strict SWIFT Controls After Mega Fraud Case

The new measures mean only PNB officers will be able to initiate messages on SWIFT, taking away the authority of clerks to do so

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PNB Fraud: Enforcement Directorate Raids Shell Firms

The ED and the Income Tax department have zeroed in on the dummy or shell companies in India and abroad that were being used to route or receive funds as part of the alleged fraud

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PNB Says Enough Arrangements For Customers

Replying to clarifications sought by stock exchanges, the Punjab National Bank (PNB) said: "Bank has enough assets to meet any liability which is decided as per law."

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Will Honour Bonafide Commitments, Says PNB On Nirav LOUs

The PNB scrip on NSE touched a 52-week low of 113.55 during intra-day trade, before closing at Rs 115.1, down 8.32 per cent

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CBI Closes PNB Branch At Heart Of Fraud

Including direct loans given to companies of Modi and Choksi, Indian banks are at the risk of taking a hit of more than $3 billion after the fraud

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Indian Banks Association Discusses PNB Fraud

The apex body of bankers today met here to discuss the Rs 11,400-crore scam at Punjab National Bank allegedly caused by the absconding diamond trader Nirav Modi and a clutch of his family-run companies.

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