Monday, Jul 04, 2022
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Bank Of India Launches 444-Day Term Deposit At 5.5% Return; Seniors To Get 0.5% More

Bank Of India Launches 444-Day Term Deposit At 5.5% Return; Seniors To Get 0.5% More

Bank of India launched special term deposit as part of its upcoming 117th foundation day celebrations in September

23 June 2022
PNB Customers Must Give Details Of High-Value Cheques Before Clearance

PNB Customers Must Give Details Of High-Value Cheques Before Clearance

Punjab National Bank (PNB) implemented the Positive Pay Confirmation from April 4, 2022, under the PPS framework mandatory for cheques of Rs 10 lakh and above

17 June 2022

Fitch Revises Rating Outlook On 9 Banks Including SBI, ICICI Bank And Axis Bank

"Fitch Ratings has revised the Outlook to Stable from Negative on the Long-Term Issuer Default Ratings (IDR) of 9 India-based banks, while affirming their...

HDFC, Indian Overseas Bank Hike Lending Rate By 0.50%

HDFC, Indian Overseas Bank Hike Lending Rate By 0.50%

Earlier on Wednesday, three state-owned lenders Punjab National Bank, Indian Bank and Bank of India had announced raising their respective repo-based lending...

10 June 2022

Union Bank Of India Q4 Profit Up 8% At Rs 1,440 Crore

The lender had logged a net profit of Rs 1,330 crore in the same quarter of previous fiscal year.

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13 May 2022
Bandhan Bank Q4FY22 Net Profit Jumps Multi-Fold To Rs 1,902 Crore

Bandhan Bank Q4FY22 Net Profit Jumps Multi-Fold To Rs 1,902 Crore

The bank had posted a net profit of Rs 103 crore in the year-ago quarter.


13 April 2022
Punjab National Bank Launches Cardless Cash Withdrawal Facility

Punjab National Bank Launches Cardless Cash Withdrawal Facility

Apart from cardless cash withdrawal and virtual debit cards, the bank has launched a range of other select digital services on its mobile app named PNB One for...


30 March 2022
Future Group Defaults On Loan Repayment Of Rs 19.16 Crore Again; Second Time This Month

Future Group Defaults On Loan Repayment Of Rs 19.16 Crore Again; Second Time This Month

FEL said it had a review period of 30 days from the due date in terms of the RBI circular dated August 6, 2020, and further in terms of the provision of the...


27 March 2022
Lenders Approve IL&FS' Debt Recast Proposal For CNTL

Lenders Approve IL&FS' Debt Recast Proposal For CNTL

The move comes after the company has revalued itself at Rs 5,257 crore now after the deal with Cube Highways of Singapore failed last year, due to regulatory...


06 March 2022
Awaiting Government, RBI Guidelines On SWIFT Transactions With Russian Entities, Says PNB

Awaiting Government, RBI Guidelines On SWIFT Transactions With Russian Entities, Says PNB

The SWIFT is the world's main banking messaging service which links around 11,000 banks and institutions in more than 200 countries, including India.


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24 February 2022
Mallya, Nirav & Choksi: A Timeline Of Government's Struggle To Bring Three Fugitives Back To India

Mallya, Nirav & Choksi: A Timeline Of Government's Struggle To Bring Three Fugitives Back To India

In December 2021, the parliament was informed that 33 accused in bank fraud cases registered by the Central Bureau of Investigation (CBI) fled the country in...


21 February 2022
CBI Questions Rishi Agarwal In Rs 22,848 Crore ABG Shipyard Scam

CBI Questions Rishi Agarwal In Rs 22,848 Crore ABG Shipyard Scam

The CBI on February 7, had registered an FIR against ABG Shipyard after the State Bank of India (SBI) filed a complaint against the shipbuilding firm on August...


27 January 2022
PNB Net Profit More Than Doubles To Rs 1,127 Crore In Q3

PNB Net Profit More Than Doubles To Rs 1,127 Crore In Q3

Total income during October-December 2021 declined to Rs 22,026.02 crore as against Rs 23,298.53 crore in the year-ago period.


15 December 2021
RBI Imposes Rs 1.80 Crore Penalty On Punjab National Bank

RBI Imposes Rs 1.80 Crore Penalty On Punjab National Bank

RBI, in its order, stated that the fine on Punjab National Bank was imposed for being in contravention of sub-section (2) of sector 19 of the Banking...


21 November 2021
CyberX9 Says Vulnerability In PNB Server Exposed Customer Data

CyberX9 Says Vulnerability In PNB Server Exposed Customer Data

CyberX9 has claimed that the vulnerability provided access to the entire digital banking system of PNB with administrative control.


03 November 2021
Punjab National Bank Cuts Repo-Linked Lending Rate To 6.50%

Punjab National Bank Cuts Repo-Linked Lending Rate To 6.50%

The bank had last cut its repo-linked lending rate on September 17 from 6.80 per cent to 6.55 per cent.


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28 October 2021
Buzzing Stocks: PNB Shares Tumble Nearly 10 Per Cent, Lupin Plunges falls Over 2 Per Cent

Buzzing Stocks: PNB Shares Tumble Nearly 10 Per Cent, Lupin Plunges falls Over 2 Per Cent

The state-owned bank reported a 78 per cent rise in net profit to Rs 1,105 crore for the second quarter ended on September 30 despite a fall in income.


30 September 2021
PNB Purchases 1.8 Crore Shares In NARCL

PNB Purchases 1.8 Crore Shares In NARCL

The filing stated that the investment of an equity stake of 12.06 per cent by the bank in NARCL would be reduced to 9 per cent by December 31, 2021.


27 August 2021
Punjab National Bank Gets Back Nirav Modi Firm's Properties Worth Rs 500 Cr

Punjab National Bank Gets Back Nirav Modi Firm's Properties Worth Rs 500 Cr

Nirav Modi, who was declared a 'fugitive economic offender' in December, 2019, and his uncle Mehul Choksi are accused of committing a Rs 14,000 crore scam by...


18 June 2021
Mehul Choksi Moved From Police Custody To State Prison In Dominica

Mehul Choksi Moved From Police Custody To State Prison In Dominica

However, his lawyer said Choksi would continue to remain in hospital as his medical condition ‘deteriorated’.


17 June 2021
Mehul Choksi Siphoned off Rs 6,345 Crore PNB Loan Through Hong Kong Firms Showing Purchase Of Water Pearls: CBI

Mehul Choksi Siphoned off Rs 6,345 Crore PNB Loan Through Hong Kong Firms Showing Purchase Of Water Pearls: CBI

Choksi allegedly made his employees directors of the firms based in Hong Kong, and was controlling them.


24 February 2021
UK Judge To Rule On Nirav Modi Extradition Case On Thursday In PNB Scam Case

UK Judge To Rule On Nirav Modi Extradition Case On Thursday In PNB Scam Case

Modi was arrested on an extradition warrant on March 19, 2019, and has appeared via videolink from Wandsworth Prison for a series of court hearings in the...


01 December 2020
Nirav Modi's Remand Extended In UK

Nirav Modi's Remand Extended In UK

The final hearings in the extradition case are scheduled over two days, on January 7 and 8 next year


02 November 2020
Extradition Case Of Nirav Modi To Enter Final Stages In UK Court

Extradition Case Of Nirav Modi To Enter Final Stages In UK Court

Nirav Modi is fighting extradition in the estimated US$ 2-billion Punjab National Bank scam case


08 July 2019
Sensex Plummets 793 Points On Budget Woes, Global Selloff

Sensex Plummets 793 Points On Budget Woes, Global Selloff

Top losers in the Sensex pack included Bajaj Finance, ONGC, NTPC, Hero MotoCorp and Maruti, falling up to 8.18 per cent. Yes Bank, HCL Tech and TCS, however,...


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