Coined as India's youngest billionaire, Nirav Modi is deemed close to several powerful people.
The CBI had booked diamond merchant Nirav Modi, his brother, wife and a business partner for allegedly cheating PNB of over Rs 280.70 crore in 2017.
PNB said in a statement that fraudulent transactions took place in one of its branches in Mumbai for the benefit of a few select account holders with their apparent connivance.
The Punjab National Bank (PNB) on Wednesday suspended 10 officials in connection with the billionaire jewellery designer Nirav Modi fraud case.
After the disclosure on Wednesday, the bank's share price slipped as much as 5.9 per cent in early trade ad continued the downward trend later in the day. At 13:45 hours IST, the stock price Punjab National Bank was quoting at Rs 150.15, down Rs 11.5
As per the new PNB rates, for domestic retail term deposits of less than Rs 1 crore with the tenure of 7 to 29 days, the rate has been increased by 1.25 percentage points to 5.25 per cent from the current 4 per cent.
New Delhi: PSU banks have reported over 2,100 fraud cases involving a sum of Rs 11,022 crore in the first nine months of the ongoing fiscal, with PNB reporting the maximum number of such instances.An
Mumbai: Global ratings agency Standard & Poor's today said the government's move to selectively capitalise state-run banks is a welcome step but may impact the growth of smaller lenders who have been left out."In our
Mumbai: Jet Airways' main promoter and chairman Naresh Goyal has pledged his entire shareholding in the carrier of 51 per cent, valued at over Rs 2,600 crore, to state-run Punjab National Bank.Following the news the
New Delhi: State-owned Punjab National Bank (PNB) on Tuesday revised interest rate on fixed deposits by up to 0.5 per cent on various maturities."For deposits less than Rs 1 crore having maturity between 7-14 days,
New Delhi: A bank has been asked by a consumer forum to pay a compensation of Rs 25,000 for "harassing" a senior citizen by arbitrarily dishonouring her cheque repeatedly.New Delhi district consumer disputes redressal forum,
Rohtak (Haryana): The state police DGP S N Vashisth today announced a Rs 10 lakh reward for credible clues leading to the arrest of burglars, who dug a 100-feet tunnel beneath the Punjab National Bank
Cuttack: The Police today suggested Odisha Cricket Association (OCA) to add new infrastructures at the Barabati Stadium from safety point of view as preparations are in full swing for the Twenty20 match between India and
Mumbai: Two international rating agencies - Moody's and Fitch - have downgraded debt ratings of India's top three public-sector banks - State Bank of India, Bank of Baroda and Punjab National Bank - citing worsening
Ahmedabad: Metro Link Express for Gandhinagar and Ahmedabad (MEGA), a Special Purpose Vehicle (SPV) floated by the Gujarat government to execute metro rail project here, has achieved financial closure for the first phase of the
New Delhi, Apr 15: The Supreme Court today directed three public sector banks - Punjab National Bank, Indian Bank and Union Bank of India - to deposit within 15 days Rs 400 crores with the
New Delhi, Nov 24: Punjab National Bank (PNB XI) advanced to the final of the ONGC Nehru hockey tournament for the first time ever after they got the better of Air India 4-2 here today.PNB
New Delhi, Nov 1: The country's second largest PSU lender Punjab National Bank (PNB) today said it will decide on increasing the savings bank account deposit rates after seeing the market trends. "We are waiting
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