“A fraud of Rs 1,203.26 crore is being reported by Bank to the RBI in the accounts of the Company (SIL),” the bank said in a notification to exchanges.
As shown in the cases of SBI, PNB, Union Bank, BoB, Bank of Maharashtra and IDBI Bank, most of the time, there is no or negligible recovery for the amounts written off
The details were provided in response to an unstarred question by Congress leader Dean Kuriakose in Parliament on September 14
.Modi's defence team, led by barrister Clare Montgomery, raised further issues around the conditions at Barrack 12 at Arthur Road Jail in Mumbai, where he is to be lodged on being extradited, claiming it is covered in its entirety in a blue metallic cover since it housed a terrorist in 2007.
Under the 'Festival Bonanza Offer’, the bank will waive all upfront or processing fees and documentation charges on some of its major retail products like housing loans and car loans.
.An attached bathroom with a curtain for privacy, three ceiling fans and six tubelights and an LED TV were also highlighted among the facilities available to inmates of the barrack.
The hearing in London on Thursday was scheduled as a case management hearing to set the timetable for evidence to be presented to compete Modi's extradition trial.
PNB requested MCA to support and join the bankruptcy proceedings in New York to help PNB realise its claims in the debtor's assets.
Upon liquidation of the debtors’ assets by the US Chapter 11 Trustee, a sum of $11.04 million is available for distribution to unsecured creditors, including PNB
Emkay Global Financial is bearish on Punjab National Bank has recommended sell rating on the stock with a target price of Rs 29 in its research report dated August 24, 2020.
Sharekhan recommended Hold rating on Punjab National Bank with a target price of Rs 40 in its research report dated August 24, 2020.
Prabhudas Lilladher recommended Hold rating on Punjab National Bank with a target price of Rs 37 in its research report dated August 25, 2020.
Rao said tourism, hospitality and aviation are among the sectors that will take longer time to recover or get back on track in view of the changing social behaviour after the COVID-19 outbreak.
Qualified Institutional Placement (QIP) would be the most preferred way and public sector banks are likely to take a call on taking this route after finalisation of their second quarter results, merchant banking sources said.
The gross NPA for the quarter ended June 2020 was at 14.11 percent versus 14.21 percent
Punjab National Bank received the first tranche of the payment a few days ago
The Commission seeks review of SFIO complaint, says ‘gross injustice’ is done to the officer; Bhushan Steel was one of India's largest loan defaulters and on the first list of cases suggested by the RBI for insolvency proceedings.
The scheme aims to provide adequate and timely assistance to weavers by way of cash credit or loan by way of loan or cash credit for their credit requirements such as investments and working capital flexibly and cost-effectively in both rural and urban areas, the bank said in a statement.
The PNBIL action seeking enforcement through the UK High Court dates back to 2012 and 2013, when it lent money in relation to the purchase and charter of the cruise liner MV Delphin.
These norms are being implemented to mitigate concerns on potential stress on asset quality and consequential impact on performance and profitability of banks.
Although divergence is not an indicator as it is not a mathematical construct, it is often said to be a leading indicator, and hence its inclusion while taking the decision to buy Punjab National Bank.
S&P Global Ratings projected non-performing loans to shoot up to 13-14 per cent of the total loans in the current financial year, from an estimated 8.5 per cent in 2019-20.
Rao said 2019-20 started with an overarching goal towards 'Year of Profitability and Creating Value', leaving the adversities of the previous financial year behind.
On the NSE, it tanked 6.73 percent to Rs 34.60.
A fraud of Rs 3688.58 crore in the NPA account of Dewan Housing Finance is being reported by the bank to RBI, it has told exchanges.