Rs 130-bn fraud hasn't impacted our ability to lend: PNB MD & CEO
Sunil Mehta says tough times gives one opportunity to transform the bank05-04-2018
05-04-2018
PNB fraud: US court approves sale of assets by Nirav Modi firms
An asset sale by Firestar Diamonds, which has filed for bankruptcy in the US, is a setback for Punjab National Bank which fears that a truncated sale will limit recovery in the PNB fraud case04-04-2018
Statement Of Investor Complaints For The Quarter Ended March 2018
No.of Investor complaints pending at the beginning of the quarter No.of Investor complaints received during the quarter No.of Investor complaints disposed of during the quarter No.of Investor complaints unresolved at the end of the quarter 0330 Name of the Signatory :- Balbir singhDesignation :- Company Secretary and Compliance Officer04-04-2018
EXCLUSIVE: PNB pays back Rs 6600 crore to eight banks defrauded in Nirav Modi scam
Before the end of the current fiscal, the Punjab National Bank (PNB) has paid back Rs 6,600 crore to eight banks defrauded in the Rs 13,700 crore LoU fraud involving fugitive diamantaires Nirav Modi and Mehul Choksi.30-03-2018
PNB moving to quickly resolve disputes with banks over fraud
Punjab National Bank is working with the government and RBI to try to settle a dispute over claims from counter-party banks in the $2 billion PNB fraud by the end of March28-03-2018
PNB To Honour Rs 6,500 Crore Worth In Fraudulent Guarantees
PNB said it would honour payments of about Rs 6,500 crore worth in fraudulent guarantees issued by rogue bank staff28-03-2018
What 900 mn? Modi-Choksi firms deposited Rs 100,000 before note ban: Govt
Group of companies belonging to Nirav Modi and Mehul Choksideposited Rs 100,000 in their bank accounts with Punjab National Bank hoursbefore the Union government announced demonetisation in November 2016, Ministerof State Finance Ministry Shiv Pratap Shukla said in Lok Sabha on Friday.The Union government was responding to allegations of NationalistCongress Party MP Majeed Memon who had said last week that both the companieshad deposited Rs 900 million at one of the branches of PNB."So far as the allegation is concerned, PNB has stated thatit has checked all the accounts in the name of both the accused groups, andfound that, on the date of announcement of demonetisation (i.e. 8.11.2016), asum not exceeding Rs 100,000 was deposited in cash in these group accounts,"Shukla said in a written reply in LS."A report reveals that Nirav Modi deposited huge cash amountin one PNB branch on 8 Nov, hours before PM announced demonitisation. What does it suggest?" Majeed had said.Prime Minister...23-03-2018
PNB blames concurrent auditor for not flagging off SWIFT transactions
Reconciliation of SWIFT messages with trade module of the core banking system was not followed and the concurrent auditor did not point out this irregularity, the lender said21-03-2018
Canara Bank Shares Fall After CBI Charges Ex-Chairman In Loan Fraud Case
The case is the latest in a string of bank frauds reported to authorities in the aftermath of a sprawling $2 billion fraud that was unearthed weeks ago at Punjab National Bank (PNB).20-03-2018