IndiaCatalog.com
Login Signup
IndiaCatalog.com
Home Web Directory Classifieds Yellow Pages Global Directory City Guide News Photo Galleries
Login
Signup
  • Home
  • News
  • Punjab National Bank Related news

Punjab National Bank Related news

Nirav Modi case: CBI recovers LoU documents, arrests another PNB executive

Nirav Modi case: CBI recovers LoU documents, arrests another PNB executive

The Central Bureau of Investigation (CBI) on Thursday arrested another senior executive of the Punjab National Bank and claimed to have recovered documents related to Letter of Undertaking from 'chawl' as it continued its searches in connection with the $2 billion fraud.

Internal Chief Auditor (retd) Bishnubrata Mishra, who was responsible for concurrent audit for the period 2011-2015 at PNB Brady House branch, was arrested on Thursday, the agency said.

PNB denies transferring 18,000 employees

PNB denies transferring 18,000 employees

Punjab National Bank took to Twitter to refute reports of transferring 18,000 employees in wake of Rs 11,000 crore scam involving Nirav Modi.

In a clarification issued by the bank, PNB said that it had transferred a total of 1,415 employees since February 19.

Enough assets to meet any liability, says scam-hit PNB

Enough assets to meet any liability, says scam-hit PNB

MUMBAI: State-owned PNB on Thursday said it has followed lawful avenues to recover its dues following Rs 11,400 crore swindling of funds allegedly by jewellery designer Nirav Modi and associates.

The country's second largest public sector lender also reaffirmed that it has enough assets to meet any liability.

Rs 114-bn PNB scam: Auditor Deloitte seeks answers from Nirav Modi company

Rs 114-bn PNB scam: Auditor Deloitte seeks answers from Nirav Modi company

Deloitte Touche Tohmatsu India LLP, the auditor to Nirav Modi’s holding firm Firestar International Pvt Ltd (FIPL), has sought more information from the company after it came to light that Modi companies had defrauded Punjab National Bank of Rs 114 billion.

According to a source close to the development, Deloitte was the auditor to FIPL for two years and signed off the accounts for financial years ended March 2016 and March 2017.

Probe into PNB scam starts in full swing; 200 shell firms under scanner

Probe into PNB scam starts in full swing; 200 shell firms under scanner

The CBI is examining the balance sheets of 18 India-based subsidiaries of the Gitanjali group of firms, promoted by Mehul Choksi, to get a grip on the trail of funds the group took from banks on the basis of guarantees furnished by Punjab National Bank (PNB).

The agency on Sunday evening did searches at the Brady Road branch of PNB in Mumbai, and the operation is likely to continue till morning. CBI officials said the agency was questioning Gokulnath Shetty, a retired PNB official; Manoj Kharat, a serving one; and a signatory of a company run by Nirav Modi, the co-accused, apart from other officials of PNB.

Rs 114-billion fraud: Other banks did not raise an alarm, says PNB

Rs 114-billion fraud: Other banks did not raise an alarm, says PNB

Punjab National Bank (PNB) has told the Central Bureau of Investigation (CBI) that the Rs 114 billion scam could have been averted had officials of overseas branches of domestic banks raised the red flag.

Significantly, the Delhi-based public sector bank has not found any role of chartered accountants, statutory auditors, and empanelled valuers in the alleged scam in its in-house investigation, according to the bank’s submission to the CBI.

PNB Housing Finance to raise $400 million through issue of masala bonds

PNB Housing Finance to raise $400 million through issue of masala bonds

PNB Housing Finance (PNB HFL) is planning to raise $400 million through its maiden issue of masala bonds.

The money will be utilised to finance retail buyers/developers of affordable housing as well as developers of green buildings.

PNB extends fall post Rs 114-bn fraud detection; Gitanjali hits 52-week low

PNB extends fall post Rs 114-bn fraud detection; Gitanjali hits 52-week low

Punjab National Bank (PNB) has dipped 9% to Rs 133 in early morning trade on Thursday, extending its previous day’s 10% decline on BSE, after the state-owned bank said on Wednesday it had been defrauded of about Rs 114 billion by jeweller Nirav Modi, his maternal uncle Mehul Chinubhai Choksi, and other relatives through a clutch of companies they own.

PNB detects $1.77 bn fraud: Money siphoned off overseas from Mumbai branch

PNB detects $1.77 bn fraud: Money siphoned off overseas from Mumbai branch

India's Punjab National Bank said on Wednesday it had detected "fraudulent and unauthorised" transactions worth about $1.77 billion at one of its branches in Mumbai.

The bank said in a statement the transactions were "for the benefit of a few select account holders with their apparent connivance" and that "based on these transactions other banks appear to have advanced money to these customers abroad."

Punjab National Bank Q3 net profit up 11.1% at Rs 2.3 bn, bad loans decline

Punjab National Bank Q3 net profit up 11.1% at Rs 2.3 bn, bad loans decline

Punjab National Bank’s net profit rose 11.1 per cent to Rs 2.3 billion in the third quarter of the financial year due to higher provisioning for bad loans.

PNB had earned a net profit of Rs 2.1 billion in the year-ago quarter and Rs 5.6 billion in the quarter ended September 2017, when the growth rate stood at 2 per cent.

  • Previous
  • 9
  • 10
  • 11
  • 12
  • 13
  • Next

Post a FREE Classified Advertisement

Inviting Real Estate Agents, Job Placements Agents, Educational Institutes, Software Service Providers, Real Estate Builders, Marriage Bureaus, Travel Agents, Restaurant Owners, Health & Fitness Centers and other Local Businesses to Post a FREE Classified Advertisement on Cootera.com Classifieds Website.

Most Read News

IndiaCatalog News
Zomato parent Eternal gets over ₹40 crore tax demand from GST authority
IndiaCatalog News
ED raids premises linked to AAP's Saurabh Bharadwaj, others in PMLA case
IndiaCatalog News
Trump administration issues notice to India as 50% tariff deadline nears
IndiaCatalog News
PM Modi flags off 'e-Vitara', first Battery Electric Vehicle, in Ahmedabad
IndiaCatalog News
'Kill Trump', 'Nuke India': Minneapolis shooter Robin Westman's alleged manifesto video shows disturbing messages on guns

CORPORATE NEWS

Nuclear Power Corporation of India Limited (NPCIL)
Nuclear Power Corporation of India Limited (NPCIL)
Bharat Sanchar Nigam Limited (BSNL)
Bharat Sanchar Nigam Limited (BSNL)
Defence Research and Development Organization (DRDO)
Defence Research and Development Organization (DRDO)
Yes Bank
Yes Bank
Telecom Regulatory Authority of India
Telecom Regulatory Authority of India
Bajaj Auto Limited
Bajaj Auto Limited
Bombay Stock Exchange - BSE
Bombay Stock Exchange - BSE
Punjab National Bank
Punjab National Bank

PHOTO GALLERY

2017 IIFA Awards
2017 IIFA Awards
Rashmika Mandanna
Rashmika Mandanna
Best Actor-PawanKalyan Gabbar Singh
Best Actor-PawanKalyan Gabbar Singh
BMW 5 Series Sedan
BMW 5 Series Sedan
Nela Ticket
Nela Ticket
Vespa 946 Bellissima
Vespa 946 Bellissima
Battle Of  The Year
Battle Of The Year
Amala Paul
Amala Paul
IndiaCatalog.com

IndiaCatalog.com is a website brought to you by Portland Technologies to provide directory of Indian websites, News, City Guides and profiles of Indian Businesses. Portland Technologies also provides IT solutions for Small and Medium Businesses in India.


Products

India Web Directory

Global Web Directory

Yellow Pages

Photo Galleries

FREE India Classifieds


Useful links

About us

Advertise

Link to us

Submit a Site

Business Reviews


Contact

Plot #37, Ramnagar Gundu, Hyderabad - 500 044

service@indiacatalog.com

+91-40-23756949


© Copyright: IndiaCatalog.com