Clarification sought from Punjab National Bank
The Exchange has sought clarification from Punjab National Bank with respect to news article appearing on www.moneycontrol.com - February 15, 2018 titled "ED raids offices of Nirav Modi, PNB and Gitanjali gems".The reply is awaited. PNB-NiravModi fraud: A replay of the Ketan Parekh scam of 2001?
The Punjab National Bank (PNB) scam has an uncanny similarity to the Ketan Parekh (KP) bank scam in 2001.Nearly 18 years after KP, as Parekh is known in the stock markets, first used the mod
PNB fraud case not out-of-control, says finance ministry official
The finance ministry seeks to allay worries over the Rs11,300-crore fraud case at PNB, saying the case is not out-of-control and it is taking action in this respect
Fraud emerging as a major issue for Punjab National Bank, other public sector banks
Punjab National Bank has seen its share price fall sharply today after informing the BSE of a fraud worth $ 1.77 billion (over Rs. 10,000 crore) in its bank. It says that the fraud originated at the Mumbai branch, and happened with the "connivance" of some account holders, and includes the movement of money abroad. The fraud involves advances of money. Deposit fraud has become increasingly difficult to carry out due to modernized cheque transfer and electronic transfer systems. Frauds in advances however, have grown rapidly in the last five years, and public sector banks account for 80% or more of total fraud amounts. The Reserve Bank of India estimated that as per fraud monitoring reports, amount of money lost from fraud in FY17 was Rs. 16, 789 crore. The $1.7 billion reported is a significant sum for PNB despite its size - the bank saw revenues of approximately Rs. 48,490 crore over the past 12 months. This follows another ongoing fraud investigation. Billionaire jeweller Nirav Modi is being investigated over accusations that he and others defrauded PNB of $44 million. Announcement under Regulation 30 (LODR)-Updates
The exchange is hereby informed for the price sensitive information on detection of some fraudulent and unauthorised transactions of USD 1771.69 Mio(Approx). PNB signs pact with National e-Gov Services
Punjab National Bank has signed an agreement for information utility with National e-Governance Services Limited. The objective of the agreement is to augment the information infrastructure in 
Punjab National Bank: what lies beneath
Punjab National Bank brought its gross bad loans to 12.11% from 13.7% a year ago The Exchange Is Hereby Informed That Board Of Directors In Its Meeting Dated 06.02.2018 Has Approved Holding Of EGM On 16.03.2018
The exchange is hereby informed that Board of Directors in its meeting dated 06.02.2018 has approved holding of EGM on 16.03.2018 