Punjab National Bank

BSE: 532461|NSE: PNB|ISIN: INE160A01022|SECTOR: Banks - Public Sector
Mar 23, 16:00
-3.3 (-3.42%)
VOLUME 2,715,588
Mar 23, 15:59
-3.4 (-3.52%)
VOLUME 23,075,193
News on Punjab National Bank
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PNB fraud: ED seizes jewellery, paintings worth Rs 26cr from Nirav Modi's Mumbai flat

12.55 pm | 24 Mar 2018 |  Source: PTI

A fresh seizure of antique jewellery, costly watches and paintings worth Rs 26 crore has been made by the ED from the sea-facing Mumbai apartment of N...

Global payments message service SWIFT expands tracker facility

11.44 am | 24 Mar 2018 |  Source: PTI

SWIFT said GPI accounts for 10 percent of cross border payment traffic and is enabling more than a hundred billion dollars to be transferred across th...

Regulation is laudable but meek legislation would prove to be counter-productive

10.46 pm | 23 Mar 2018 |  Source:

A case in point is the Union Cabinet’s decision to set up the National Financial Reporting Authority (NFRA) to oversee accounting and auditing pract...

Following PNB fraud, PSBs keeping a strict vigil on the jewellery sector

6.45 pm | 23 Mar 2018 |  Source:

Some bankers are skeptical of the audits carried out in the industry as there is no centralised system in place for the jewellery industry, and the cu...

ED analysing 120 shell companies in PNB fraud case: Govt

5.25 pm | 23 Mar 2018 |  Source: PTI

The state-owned PNB has been defrauded of over USD 2 billion by fraudulent use of Letters of Undertaking (LoUs) allegedly by Nirav Modi and his associ...

Totem Infra owed bank Rs 1,400 cr along with interest overdue: Union Bank of India 

12.25 pm | 23 Mar 2018 |  Source: CNBC-TV18

Reports indicate that after Punjab National Bank (PNB) and State Bank of India (SBI), now Union Bank of India has been hit by a fraud. In an interview...

News highlights: WTO chief warns trade barriers will 'jeopardise global economy'

10.23 am | 23 Mar 2018 |  Source:

This blog will keep track of key global and local developments impacting business and markets through the day. Important local and global political de...

Need to rethink over PSBs ownership if to ward frauds off in future: CEA Arvind Subramanian

8.56 pm | 22 Mar 2018 |  Source: PTI

Subramanian also regretted that recent banking frauds, including the one at Punjab National Bank (PNB), have resulted in a set back to efforts being m...

Punjab National Bank pares nearly 2% stake in ICRA

8.35 pm | 22 Mar 2018 |  Source: PTI

The ratings agency in a filing to BSE said that PNB reduced its stake in the company by 1.94 per cent or 3,40,000 shares, through an open market sale ...

Nirav Modi Fraud: PNB to beef up its system, processes for lending

8.10 pm | 22 Mar 2018 |  Source: PTI

Some of the ideas being considered include having a separate pre-sanction appraisal and post sanction monitoring teams for credit disbursal to ensure ...

PNB issued over 41k LoUs since 2011: FinMin

7.45 pm | 22 Mar 2018 |  Source: PTI

Fraudulent LoUs of the state-owned PNB were used by diamantaire Nirav Modi and his associates to defraud the bank of about Rs 13,000 crore....

PSU banking space barring SBI is a complete avoid, says Sudip Bandopadhyay 

5.04 pm | 22 Mar 2018 |  Source: CNBC-TV18

Sudip Bandopadhyay, Group Chairman of Inditrade Capital discusses with Anuj Singhal and Sonia Shenoy his analysis on the fundamental side of the marke...

Banking sector could witness turnaround in FY20: S&P

5.06 pm | 21 Mar 2018 |  Source: PTI

The recent Rs 13,000-crore fraud at the Punjab National Bank (PNB) highlights the inherent weaknesses in the governance and transparency standards in ...

DRI books Nirav Modi for allegedly diverting Rs 890 crore from SEZ units to domestic market

7.52 pm | 20 Mar 2018 |  Source:

Goods worth nearly Rs 890 crore, involving customs duty of around Rs 52 crore, may have been diverted by the SEZ-based units of the Nirav Modi Group t...

PSBs share to come down by 20% in 5 years: Uday Kotak

7.15 pm | 20 Mar 2018 |  Source:

He said there is more micro economic growth in the sector and that infrastructure loans need longer tenures...

How does the LoU ban impact India Inc?

6.00 pm | 20 Mar 2018 |  Source:

The general consensus among industry bodies is that RBI could have tightened the existing regulations on LoUs rather than imposing a blanket ban on th...

PNB woes spur Goldman to downgrade India's economic growth forecasts

3.20 pm | 20 Mar 2018 |  Source: Reuters

In a note to clients, Goldman Sachs lowered its real gross domestic product (GDP) forecast on India for the year to March 2019 to 7.6 percent from 8 p...

Sebi exempts govt from open offers for six PSBs post capital infusion

8.20 pm | 19 Mar 2018 |  Source: PTI

The exemption has been given with regard to Syndicate Bank, Vijaya Bank, Bank of Baroda and Union Bank of India also. Following capital infusion in th...

Nirav Modi indirectly challenging PMLA case through his firm: ED to HC

5.14 pm | 19 Mar 2018 |  Source: PTI

The submission that Nirav Modi was "indirectly" challenging the case through his company Firestar Diamonds, was made by the ED before a bench of Justi...

PNB scam case: Govt questions why it should tell Supreme Court about status of probe

12.24 pm | 16 Mar 2018 |  Source:

Attorney General KK Venugopal opposed a suggestion mooted by the top court that the government should submit a stays report on investigation in a seal...

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