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The Latest Breaking News from PNB

DN Exclusive: Is PNB top management under deep slumber? CBI nabs another official for bribe, Bank’s work culture under question mark

Back to back arrest of Punjab National Bank's (PNB) officials by the Central Bureau of Investigation (CBI) in corruption cases is raising a big question on the work culture and credibility of the Bank. Why does the top management totally fail to make the Bank corruption free? Read full story…

Dynamite News

Hockey Karnataka edges out Indian Army via sudden death in a semifinal thriller

Hockey Karnataka reach final of 94th MCC-Murugappa Gold Cup after beating Indian Army 4-3 in shoot-out. Indian Railways beat PNB 3-2 in other semi. Karnataka's maiden entry to tournament. Intense match with no drag-flicker in either team. Railways cruise to final.

The Hindu

HOCKEY | Defending champion IOC knocked out by Central Secretariat

Defending champ IOC knocked out of hockey tourney by Central Secretariat; Army, PNB, Karnataka, Railways reach semis.

The Hindu

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HOCKEY | Indian Oil Corporation weathers a fighback from Indian Navy before prevailing

.IOC wins 4-2 over Navy in 94th MCC-Murugappa Gold Cup All-India hockey tournament. Hockey Karnataka and PNB also prevail in Group-A and B matches. IOC's clever penalty corner move and Roshan Minz's close-range goal secure victory. Central Secretariat and Indian Army suffer defeats.

The Hindu

HOCKEY | Air Force rides on Kerketta’s hat-trick to beat Hockey Unit of Tamil Nadu

. Indian Air Force (IAF) won 4-3 against Hockey Unit of Tamil Nadu (HUTN) in 94th MCC-Murugappa Gold Cup. CAG outclassed PNB 6-2 & Hockey Karnataka held Indian Railways 1-1. IAF's Manip Kerketta's hat-trick & Ponnanna's save in last seconds secured win. CAG's organised play & Karnataka's defence earned them…

The Hindu

PNB Work Culture Exposed: Once again Punjab National Bank in controversy; CBI arrests two officials for taking bribe

The type of banking work culture being promoted by the officials of the Punjab National Bank sitting in Delhi was exposed when the CBI arrested two PNB employees red-handed while taking bribe. Read the full report of Dynamite News:

Dynamite News

DRT Orders Auction Of Nirav Modi’s Pune Flats

The Debt Recovery Tribunal-I (DRT-I), Mumbai, Recovery Officer Ashu Kumar has ordered the auction of two prime properties belonging to Multi-billionaire scamster diamantaire Nirav D. Modi and others in one of the cases filed by Punjab National Bank (PNB) to recover a part of its dues. Read on for details:

Dynamite News

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Experts debate Nirav Modi's suicide risk in UK high court

LONDON: The high court in London on Tuesday began hearing evidence from two leading experts in the field of psychiatry to determine the level of suicide risk faced by Nirav Modi if he is extradited to India to face charges of fraud and money laundering, amounting to an estimated $2…

The Times of India

Celebrity, bling and danger: PnB Rock’s killing heightens worries about social media vulnerability

LOS ANGELES — One of the first things attorney Dawn Florio told PnB Rock when she began representing the rapper was to be careful about what he posted on social media and when.

Los Angeles Times

Excise policy case | CBI found nothing in my bank locker, says Manish Sisodia after search

A team of about five CBI officials reached the PNB branch at Sector 4 Vasundhara in Ghaziabad to search Manish Sisodia’s locker

The Hindu

Ludhiana PNB dacoity: Bank peon among four arrested; cash, weapons recovered

LUDHIANA: The Ludhiana city police solved the Rs 7.44 Lakh dacoity at Detwal branch of Punjab National Bank, within 48 hours, with the arrest of four accused, including a class four employee of the bank.

The Times of India

ICICI Bank, PNB hike external benchmark based lending rates

NEW DELHI: Two major banks -- ICICI Bank and PNB -- raised their lending rates after the RBI increased the benchmark interest rate by 0.50 per cent on Friday.

The Times of India

U.K. High Court to hear evidence from psychiatrists on Nirav Modi’s suicide risk

Modi is wanted in India to face charges of fraud and money laundering amounting to an estimated $2billion in PNB loan scam case

The Hindu

U.K. High Court hears Nirav Modi plea against extradition to India

Nirav Modi is wanted in India on the charges of fraud and money laundering in the Punjab National Bank loan scam case

The Hindu

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The Hindu

ED files charge sheet against Choksi, wife in PNB scam

It also names retired bank official for issuance of fraudulent letters of understanding

The Hindu

Explained | The case against Mehul Choksi

What happened to the charges brought against the diamantaire in Dominica? Does India have an extradition treaty with Antigua and Barbuda?

The Times of India

PNB shares tumble nearly 14% after Q4 earnings

NEW DELHI: Shares of Punjab National Bank (PNB) on Thursday tumbled nearly 14 per cent after the company reported over 60 per cent decline in standalone net profit for the quarter ended March 2022.

The Times of India

PNB Q4 net drops 66% to Rs 202 crore

NEW DELHI: Public sector lender Punjab National Bank on Wednesday reported a 66 per cent decline in its standalone net profit at Rs 202 crore for the quarter ended March 2022 due to higher amount parked towards provisioning, even as bad loans declined.

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The Times of India

PNB hikes lending rate by 40 bps

NEW DELHI: State-owned Punjab National Bank (PNB) on Friday said it has hiked its external benchmark linked lending rate by 0.40 per cent to 6.90 per cent with effect from June 1.

The Times of India

Mehul Choksi pledged 'lab diamonds' with inflated valuation to get Rs 25 crore loan from IFCI: CBI

NEW DELHI: The CBI has filed a fresh case against absconding diamantaire Mehul Choksi, wanted along with his nephew Nirav Modi in a loan fraud case of Rs 13,500 crore, for allegedly inflating the value of diamonds and jewellery pledged to get Rs 25 crore loan from IFCI, officials said…

The Times of India

I-T department confiscates Mehul Choksi's property in Nashik

NEW DELHI: The Income Tax (I-T) department on Friday confiscated fugitive diamantaire Mehul Choksi's properties in Nashik, news agency ANI reported.

The Times of India

PNB launches cardless cash withdrawal facility

NEW DELHI: State-owned Punjab National Bank (PNB) on Tuesday launched cardless cash withdrawal facility for its customers as well as virtual debit card to mark its foundation day.

The Hindu

PNB scam | Nirav Modi’s close aide Subhash Shankar Parab sent to CBI custody till April 26

‘He was handling financials of six Hong Kong–based and 13 Dubai–based dummy companies’

The Times of India

Nirav Modi's close aide Subhash Shankar Parab sent to 14-day CBI custody till April 26

NEW DELHI: The Central Bureau of Investigation (CBI) on Tuesday sent fugitive diamond merchant Nirav Modi's close aid Subhash Shankar Parab to 14-day custody, till April 26, in connection with the Punjab National Bank (PNB) loan fraud case.

The Times of India

PNB, IDBI Bank get govt nominee directors on their boards

NEW DELHI: The government has nominated new directors on the boards of Punjab National Bank (PNB) and IDBI Bank, following the cessation of the terms of incumbent directors.

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