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PNB aims for 12 lakh crore business by FY’19

PNB aims for 12 lakh crore business by FY’19

🕔19:19, 1.May 2018

New Delhi, May 1, 2018: Punjab National Bank’s (PNB) Circle Head Conference held at its Head Office in Dwarka concluded on Monday. The guidance from PNB leadership for FY ’19 is total business of INR 12 lakh crore which will

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PNB to hire detective agencies for recovering NPA dues

PNB to hire detective agencies for recovering NPA dues

🕔11:45, 26.Apr 2018

New Delhi, April 26  Lender Punjab National Bank (PNB) is set to hire detective agencies to supplement the efforts of its field officials in recovering its dues that have become in NPAs (non-performing assets). The lender through its website invited

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PNB strengthens recovery efforts: Name-and-shames willful defaulters; boosts Mission Gandhigiri

PNB strengthens recovery efforts: Name-and-shames willful defaulters; boosts Mission Gandhigiri

🕔19:47, 20.Apr 2018

PNB to name and shame 1084 willful defaulters Mission Gandhigiri to result in recovery of INR 100-150 cr month-on-month Tie-up with credit agency helps in tracing of defaulters New Delhi, 20 April, 2018: Punjab National Bank is strengthening its recovery

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STATEMENT FROM PNB ON AVAILABILITY OF CASH IN ATMs

STATEMENT FROM PNB ON AVAILABILITY OF CASH IN ATMs

🕔19:46, 18.Apr 2018

“Overall, Punjab National Bank has not faced any cash shortage in its ATMs across the country and continue to function as usual. Out of 9679 PNB ATMs, there is a 90% availability of ATMs which is normal. The bank would

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Fraud fallout: PNB tightens norms, to separate loan appraisal and monitoring teams

Fraud fallout: PNB tightens norms, to separate loan appraisal and monitoring teams

🕔09:37, 14.Apr 2018

New Delhi, April 14  To avert any future fraud, the 124-year-old state-run lender Punjab National Bank said that it has strengthened internal audit controls by having separate “pre-sanction appraisal and post sanction monitoring” teams for credit disbursal. Besides, the lending

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PNB not providing information on Nirav Modi under RTI: Activist

PNB not providing information on Nirav Modi under RTI: Activist

🕔19:17, 27.Mar 2018

Mumbai, March 27  The Punjab National Bank has refused to provide any information pertaining to absconding scamster, diamantaire Nirav Modi, to queries sought under RTI, an activist said here on Tuesday. Anil Galgali said that he had sought specific RTI

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PNB plans vertical to recover stressed assets

PNB plans vertical to recover stressed assets

🕔20:36, 26.Mar 2018

New Delhi, March 26  Faced with a multi-billion dollar fraud, along with the problem of non-performing assets (NPAs), state-run lending major Punjab National Bank (PNB) has decided to form a separate “vertical to deal with its stressed assets”. According to

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PNB issued over 41,170 LoUs since 2011: Jaitley

PNB issued over 41,170 LoUs since 2011: Jaitley

🕔10:40, 23.Mar 2018

New Delhi, March 23  The central government has said that state-owned Punjab National Bank (PNB) has issued 41,178 Letters of Undertakings (LoUs) since 2011. “PNB has apprised that 7,672 LoUs were issued with validity of 90 days, 20,078 LoUs were

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Ex-PNB official Shetty booked in Rs 9-cr LoU fraud with another company

Ex-PNB official Shetty booked in Rs 9-cr LoU fraud with another company

🕔19:30, 15.Mar 2018

New Delhi, March 15  Apparently, the Nirav Modi and Mehul Choksi groups were not the only ones indulging in frauds related to Letters of Undertaking (LoUs) issued by the Punjab National Bank (PNB) officials. The Central Bureau of Investigation (CBI)

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PNB clarification: Rs 942 cr not new fraud but recall of credit limits

PNB clarification: Rs 942 cr not new fraud but recall of credit limits

🕔20:30, 13.Mar 2018

The amount of Rs 942 cr were the regular limits sanctioned to Geetanjali Group under consortium lending, and were standard credit exposure at the time of detection of the fraud. Now, this exposure is being added to the existing fraudulent

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Observance of International Women’s Day at Punjab National Bank

Observance of International Women’s Day at Punjab National Bank

🕔10:59, 10.Mar 2018

On the occasion of International Women’s Day, to motivate the women workforce Punjab National Bank organized an event in its premises whereby appx. 350 women employees were inspired by the deliberations by eminent women achievers of the city. Dr. Jayanti

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CBI registers fresh Rs 321 crore case against Nirav Modi

CBI registers fresh Rs 321 crore case against Nirav Modi

🕔11:32, 8.Mar 2018

New Delhi, March 8  The CBI on Thursday said that it has registered a fresh case against diamantaire Nirav Modi for causing a loss of Rs 321 crore to Punjab National Bank (PNB) by availing different credit facilities between 2013

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SFIO grills PNB CEO for five hours

SFIO grills PNB CEO for five hours

🕔20:35, 7.Mar 2018

Mumbai, March 7  Continuing the probe into the Punjab National Bank fraud, sleuths of the Serious Frauds Investigation Office (SFIO) questioned the bank’s Managing Director and CEO Sunil Mehta here on Wednesday. Mehta was grilled by the investigators for around

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PNB not shown as creditor in US bankruptcy filing by Nirav Modi companies

PNB not shown as creditor in US bankruptcy filing by Nirav Modi companies

🕔10:26, 3.Mar 2018

New York, March 3 The Punjab National Bank (PNB) is not shown as a creditor in the bankruptcy documents filed in a court here by three companies affiliated with Nirav Modi, who has been accused in a $2 billion-scam involving

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PNB has increased interest rates on Domestic term deposits w.e.f. 01.03.2018

PNB has increased interest rates on Domestic term deposits w.e.f. 01.03.2018

🕔08:08, 2.Mar 2018

PNB has increased interest rates on Domestic term deposits w.e.f. 01.03.2018  as under:-            Domestic Retail term deposits of less than Rs. 1 crore: (Callable) Ø  In the maturity bucket of 7 – 45 days from 5.25% to 5.70%.  Ø  In the maturity bucket

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Clarification from Punjab National Bank

Clarification from Punjab National Bank

🕔11:48, 1.Mar 2018

There have been reports in a section of media that Reserve Bank of India has not conducted any audit at Punjab National Bank Brady House, Mumbai branch since 2009. It may be clarified that RBI does Risk based supervision of

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CBI arrests auditor of PNB in bank fraud case

CBI arrests auditor of PNB in bank fraud case

🕔10:43, 1.Mar 2018

New Delhi/Mumbai, March 1 The Central Bureau of Investigation (CBI) has arrested an internal chief auditor of Punjab National Bank (PNB) in its ongoing probe into Rs 12,600 crore bank fraud case. “CBI has on Wednesday arrested an Internal Chief Auditor

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After Rs 12,600 cr fraud, PNB appoints group Chief Risk Officer

After Rs 12,600 cr fraud, PNB appoints group Chief Risk Officer

🕔20:23, 27.Feb 2018

Mumbai, Feb 27  It may be seen as a classic case of shutting the door after the horse has bolted, but the multi-crore fraud hit Punjab National Bank appointed A.K.Pradhan as Group Chief Risk Officer, a regulatory filing by the

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PNB fraud touches Rs 12.6K cr as Nirav Modi firm in US files for bankruptcy

PNB fraud touches Rs 12.6K cr as Nirav Modi firm in US files for bankruptcy

🕔20:14, 27.Feb 2018

New Delhi, Feb 27  The ongoing Punjab National Bank (PNB) fraud case took a turn for the worse on Tuesday as the bank reported an additional Rs 1,300 crore unauthorised transactions, taking the estimated quantum to around Rs 12,600 crore

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Punjab National Bank staff transfer

Punjab National Bank staff transfer

🕔19:33, 22.Feb 2018

There have been reports appearing in the media that the Bank has transferred close to 18000 employees.  The same is factually incorrect as the Bank has transferred 257 Sub Staff, 437 Clerks and 721 Officers (Total 1415 employees) since 19th

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