Sunil Mehta

Promoters, including Mehta and the financial institutions such as Indian Overseas Bank and Central Bank of India, have together invested around Rs 25-30 crore to capitalise Acer Credit, which will operate from Gurugram and Mumbai

Sunil Mehta resigns as director of Adani Green Energy following his appointment as IndusInd Bank chairman

"Sunil Mehta has informed the company that pursuant to RBI approval, he has been appointed as part-time/non-executive Chairman of IndusInd Bank Ltd (bank) and that he has been advised by the bank to relinquish his directorship in the company to avoid any conflict of interest, in view of on-going credit facilities extended by the bank to the Company," a BSE filing said.

Yes Bank says no merger plans with SBI, repays entire Rs 50,000 crore to RBI

Addressing investor queries on whether the lender was going to be merged with the State Bank of India eventually, Yes Bank Chairman Sunil Mehta said no such plans were afoot.

IBA working on ease of banking on lending side: CEO Sunil Mehta

Member banks are working on digitisation of loan products so that the human intervention is minimised in the process of loan, he said.

New business verticals, foreign transfers in store for merging bank employees: PNB

PNB has identified 23 internal working groups and will soon float Request for Proposals (RFPs) to appoint a consultant for restructuring products and services that are best-suited for the customers of the merged entity.

Expect net NPA of combined entity to be below 6% before March 31: PNB MD Sunil Mehta

"Merger won't lead to retrenchment employees," Mehta said.

Domestic investor participation key to attract foreign buyers for stressed assets: PNB Chairman

Nearly 2 months after Mehta-led committee proposed project Sashakt, the operating guidelines of the inter-creditor agreement to get all banks on board under the project have been finalised

IBA elects PNB's Sunil Mehta as chairman

The managing committee of the banking lobby has also elected Bank of India's managing director and chief executive, Dina Bandhu Mohapatra, as the deputy chairman, an official release said today.

PNB aims to garner Rs 8,600 cr via sale of old headquarters, other non-core assets

The government bank expects to raise nearly Rs 700-800 crore from the sale of its earlier head office in New Delhi

Bank fraud: PNB chief Sunil Mehta appears before SFIO

The New Delhi-based PNB is the third lender which has been called by SFIO in the last two days in connection with the nearly USD 2 billion fraud.

PNB head Sunil Mehta appears before SFIO

SFIO is also expected to call officials of nearly 31 banks which have an exposure to the companies of diamond traders Nirav Modi and Mehul Choksi.

PNB head Sunil Mehta likely to appear before SFIO on Wednesday

As part of the investigation, the SFIO has issued summons to heads of over 30 banks that have exposure to companies of diamond traders Nirav Modi and Mehul Choksi.

PNB Scam: Bank's MD and CEO breaks silence on Rs 11,000 crore scam

The bank's top management spoke about how they uncovered the fraud and the steps it has taken to "punish the culprits", reiterating their resolve for clean banking.

Interest rates have bottomed out; banks' treasury income under pressure: PNB chief

The additional borrowing may not have much impact on fiscal deficit and the interest rate trajectory, he told PTI in an interview.

SBI extends date of filing nomination for directors to May 29

"The last date advised in the said (last) notice for submission of nomination form and the format of declaration and undertaking is extended to May 29 by 3 pm as against May 24, 2017 by 5 pm notified earlier," SBI said in a public notice.

Ranganathan, Mehta appointed Non-Official Director in IOB, PNB

T C A Ranganathan and Sunil Mehta were today appointed as Non-Official Directors in Indian Overseas Bank and Punjab National Bank respectively.

SAT rejects India Infoline plea against Sebi penalty

The Securities Appellate Tribunal on Monday upheld a penalty of Rs 5 lakh imposed by market regulator Sebi on brokerage firm India Infoline in a circular trading case.

Race for UTI chairman heats up post Oct 1 meet

The appointment of a chairman for UTI has been mired in controversy, reports CNBC-TV18’s Mitra Joshi and Avni Raja.