Punjab National Bank

Top executives at fraud-hit PNB misled RBI, CBI alleges

PNB, which is India's second-largest state-run bank, had said that two jewellery groups headed by Nirav Modi and his uncle Mehul Choksi had defrauded it of about $2.2 billion.

May 22, 2018

Fraud-hit PNB rapped for not making timely regulatory disclosures

PNB, India's second-largest state-run bank, said in February two jewellery groups had defrauded it of more than $2 billion by raising credit from overseas branches of other Indian banks via illegal guarantees issued by rogue PNB staff over several years.

May 18, 2018

Sensex falls as Karnataka election outcome disappoints

The Bharatiya Janata Party (BJP) won 104 seats, falling short of the 113 seats needed to form a government, while the opposition Congress clinched 78 seats.

May 16, 2018

CBI charges former PNB head, 21 others in bank fraud case

PNB, India's second-largest state-run bank, had revealed earlier this year that two jewellery groups had defrauded it by raising credit from overseas branches of other Indian banks using illegal guarantees issued by rogue PNB staff over several years.

May 15, 2018

Extra scrutiny for loan applicants as private banks become overly cautious

Recent corruption investigations surrounding ICICI Bank and Axis Bank have made other private-sector lenders extremely fussy in granting loans.

Apr 19, 2018

Karnataka Bank reports Rs 86 crore fraud: Mehul Choksi's Gitanjali Gems involved

Karnataka Bank has reported a fraud to Reserve bank of India amounting to Rs 86.47 crore in the fund based working capital facilities extended to Gitanjali Gems Limited.

Mar 29, 2018

Stocks to watch on March 14: IndusInd Bank, Larsen & Toubro, Usha Martin

Stocks such as IndusInd Bank, Larsen & Toubro, Usha Martin are likely to move in trades on Wednesday:

Mar 14, 2018

Stocks to watch on March 9: InterGlobe Aviation, SpiceJet, Punjab National Bank

Stocks such as InterGlobe Aviation, SpiceJet, Punjab National Bank are likely to move in trades on Friday.

Mar 9, 2018

Stocks to watch on March 6: SBI, Axis Bank, Indian Overseas Bank, Sun Pharma

Stocks such as SBI, Axis Bank, Indian Overseas Bank, Sun Pharma are likely to move in trades on Tuesday.

Mar 6, 2018

Stocks to watch on March 5: Fortis Healthcare, Punjab National Bank, Aurobindo Pharma

Stocks such as Fortis Healthcare, Punjab National Bank, Aurobindo Pharma are likely to move in trades on Monday.

Mar 5, 2018

PNB fraud: The scam is now worth Rs 12,700 cr, nearly 10 times PNB's annual profit

The fraud revelation that started from Rs 280 crore has now reached over Rs 12,700 crore, about 10 times than the PNB's annual net profit of Rs 1,324 crore during 2016-17.

Feb 27, 2018

Stocks to watch on Feb. 27: Punjab National Bank, HDFC Bank, Ambuja Cements

Stocks such as Punjab National Bank, HDFC Bank, Ambuja Cements are likely to move in trades on Tuesday.

Feb 27, 2018

PNB fraud: ED seizes Nirav Modi's Rolls-Royce Ghost, Porsche Panamera

India's Enforcement Directorate has seized billionaire jeweller Nirav Modi's cars including Rolls Royce Ghost, Porsche Panamera, two Mercedes Benz vehicles, among others.

Feb 23, 2018

Stocks to watch on Feb. 23: Fortis Healthcare, Punjab National Bank, Bank of Baroda

Stocks such as Fortis Healthcare, Punjab National Bank, Bank of Baroda are likely to move in trades on Friday.

Feb 23, 2018

After Priyanka Chopra, Kangana Ranaut and Bipasha Basu accuse Gitanjali Gems for non-payment of dues

Kangana Ranaut was the face of jewelry brand Nakshatra in 2016 while Bipasha Basu was signed up as Gili's brand ambassador in mid-2008.

Feb 22, 2018

Riteish Deshmukh takes 'bank-chor' dig at Nirav Modi-PNB scam: Here's how the Twitterati reacted

Riteish Deshmukh's hilarious dig at Nirav Modi-Punjab National Bank scam will leave you in splits.

Feb 21, 2018

Stocks to watch on Feb. 21: Reliance Industries, Union Bank, Fortis Healthcare

Stocks such as Reliance Industries, Union Bank and Bank of Baroda are likely to move in trades on Wednesday.

Feb 21, 2018

Punjab National Bank Fraud: Will brand ambassador Virat Kohli cancel his contract? Read details

Indian cricket captain Virat Kohli was appointed as PNB's brand ambassador in 2016.

Feb 20, 2018

PSBs haven't met the goals of bank nationalisation, so privatise them

Bank nationalisation had its economic goals -- to stem the rising tide of bank failures, refocus bank lending on agriculture and offer credit support to a whole lot of priority sectors.

Feb 19, 2018

Markets Weekahead: PNB scam probe, Flipkart, Fed minutes

The Indian markets will focus on the PNB fraud, which has now widened; Walmart's interest in Flipkart; and the minutes of the Fed's January meeting.

Feb 17, 2018