A special CBI court issued a non-bailable warrant today against Mehul Choksi, one of the key accused in the multi-crore PNB loan fraud.
Fitch Ratings has downgraded the Viability Rating of Punjab National Bank (PNB) to 'bb-' from 'bb' and has maintained the rating on RWN.
Supreme Court said it will decide whether the PIL seeking a court-monitored probe into the over Rs 11,000 crore Punjab National Bank fraud case is maintainable or not.
Worst is over for PNB and it will come out of the mess created by the Nirav Modi fraud case in six months, the state-run lender's MD Sunil Mehta said.
Leading public sector lenders State Bank of India (SBI) and PNB have put their 15 non-performing assets worth Rs 1,063 crore for sale.
Despite a major fraud, state-run Punjab National Bank (PNB) on Friday reported a 7.9 per cent growth in its domestic business.
India has asked authorities in Hong Kong to arrest jeweller Nirav Modi, one of the main suspects in a $2-billion fraud at PNB, the govt said.
Delhi High Court sought the Enforcement Directorate's response on a plea by Gitanjali Gems in a money laundering case in connection with the over Rs 11,000 cr PNB case.
Shares of state-run lenders rose after RBI allowed banks to spread their bond trading losses, in a move that will likely boost the profitability of banks.
State-run lender Punjab National Bank (PNB) has said its customers' "money is safe with us".
Steel Ministry To Announce Scrap Policy This Year
Draft Scrappage Policy Allows Benefits For Vehicles Older Than 20 Yrs
Steel Secy Arun Sharma Says Policy Will Be Out By December 2018
Scheme Will Come In Effect From April 2020
Telenor India Eyes Bankruptcy Filing, Merger Plan With Airtel May Take Hit
Legal Tussle Over Bank Guarantee Could Also Delay Govt Approval
Economic Times Reports
Lenders To Meet Today To Decide On Essar Steel
CoC May Give Time To Arcelor And Numetal To Rectify Bids
Business Standard Reports
IPO under SEBI scanner
SEBI has sought details of investment made by ICICI Prudential MF
Had to cut its IPO Size To Rs 3,520 Cr from original target of Rs 4,017 Cr
A large chunk was bought by ICICI MF
ICICI MF is ICICI Securities largest public shareholder with 3.82% stake
Board approves proposal for corporate restructuring
Move aimed at simplifying & clarifying structure & holdings
To focus on travel, forex, destination mgmt & portfolio investments
Restructuring will consolidate HR services into Quess Corp
Shareholders will receive 1,889 shares of Quess for every 10,000 Shares Held in Co