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Punjab National Bank

RBI Imposes Rs 1.80 Crore Penalty On Punjab National Bank

Dec 15, 2021 Outlook Business Team

RBI, in its order, stated that the fine on Punjab National Bank was imposed for being in contravention of sub-section (2) of sector 19 of the Banking Regulation Act, 1949.

CyberX9 Says Vulnerability In PNB Server Exposed Customer Data

Nov 21, 2021 Outlook Business Team

CyberX9 has claimed that the vulnerability provided access to the entire digital banking system of PNB with administrative control.


Punjab National Bank Cuts Repo-Linked Lending Rate To 6.50%

The bank had last cut its repo-linked lending rate on September 17 from 6.80 per cent to 6.55 per cent.

Buzzing Stocks: PNB Shares Tumble Nearly 10 Per Cent, Lupin Plunges falls Over 2 Per Cent

Oct 28, 2021 Outlook Business Team

The state-owned bank reported a 78 per cent rise in net profit to Rs 1,105 crore for the second quarter ended on September 30 despite a fall in income.


PNB Purchases 1.8 Crore Shares In NARCL

The filing stated that the investment of an equity stake of 12.06 per cent by the bank in NARCL would be reduced to 9 per cent by December 31, 2021.

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27 August, 2021

Punjab National Bank Gets Back Nirav Modi Firm's Properties Worth Rs 500 Cr

Outlook Web Desk

Nirav Modi, who was declared a 'fugitive economic offender' in December, 2019, and his uncle Mehul Choksi are accused of committing a Rs 14,000 crore scam by obtaining credit facilities fraudulently from the PNB


18 June, 2021

Mehul Choksi Moved From Police Custody To State Prison In Dominica

Outlook Web Bureau

However, his lawyer said Choksi would continue to remain in hospital as his medical condition ‘deteriorated’.


17 June, 2021

Mehul Choksi Siphoned off Rs 6,345 Crore PNB Loan Through Hong Kong Firms Showing Purchase Of Water Pearls: CBI

Outlook Web Bureau

Choksi allegedly made his employees directors of the firms based in Hong Kong, and was controlling them.


24 February, 2021

UK Judge To Rule On Nirav Modi Extradition Case On Thursday In PNB Scam Case

Outlook Web Bureau

Modi was arrested on an extradition warrant on March 19, 2019, and has appeared via videolink from Wandsworth Prison for a series of court hearings in the extradition case.


01 December, 2020

Nirav Modi's Remand Extended In UK

PTI

The final hearings in the extradition case are scheduled over two days, on January 7 and 8 next year


02 November, 2020

Extradition Case Of Nirav Modi To Enter Final Stages In UK Court

PTI

Nirav Modi is fighting extradition in the estimated US$ 2-billion Punjab National Bank scam case


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08 July, 2019

Sensex Plummets 793 Points On Budget Woes, Global Selloff

Outlook Web Bureau

Top losers in the Sensex pack included Bajaj Finance, ONGC, NTPC, Hero MotoCorp and Maruti, falling up to 8.18 per cent. Yes Bank, HCL Tech and TCS, however, bucked the downtrend by rising up to 5.56 per cent.


05 July, 2019

After Govt Announces Fund Infusion, PSU Bank Shares Jump Up To 5 Per Cent

Outlook Web Bureau

Banks have recovered Rs 4 lakh crore due to the Insolvency and Bankruptcy Code and other means effected in the past four years.


09 May, 2019

Nirav Modi Willing To Double Security To 2 Million Pounds, But Denied Bail For Third Time

Outlook Web Bureau

In her order, Judge Emma Arbuthnot at Westminster Magistrates' Court said that Modi had access to resources and interference with the witnesses which is a concern.


08 March, 2019

WATCH: Beach Bungalow Of Fugitive Nirav Modi Blown Up By Authorities In Mumbai

Outlook Web Bureau

Detonators were fixed at various points on the bungalow to carry out the controlled-blast and bring it down in a single-shot.


11 October, 2018

Court Declares Nirav Modi As 'Absconder' In DRI Case

Outlook Web Bureau

A case of diversion of diamonds and pearls from Special Economic Zone (SEZ) units in Surat by Modi was booked in December 2014, by the DRI, Mumbai Zonal Unit.


02 October, 2018

Nirav Modi Scam A Bygone, PNB To Turn Profitable In Financial Year 2019: PNB Chief

Outlook Web Bureau

Mehta said he hopes that PNB will be back into the black during 2018-19 due to various efforts were taken by the bank after the fraud came to light in January this year.


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01 October, 2018

PNB Fraud: ED Attaches Rs 637 Crore Assets Of Nirav Modi, Family In 5 Countries

Outlook Web Bureau

The agency said the properties, jewellery, flats and bank balances are in India, UK and New York among others.


Photo Gallery

A farmer sits near his red chillies at a deserted APMC market, during the weekend curfew imposed by the Karnataka government to curb the spread of COVID-19, in Hubballi.

PTI Photo

Delhi Chief Minister & AAP National Convenor Arvind Kejriwal being welcomed by women supporters during his door-to-door campaign ahead of the Goa Assembly elections, in Goa.

PTI Photo

A health worker collects swab sample of a woman for COVID-19 test, amid concerns over rising Omicron cases, in Gurugram.

PTI Photo

Traffic jam on a road at Shalimar Bagh during the weekend curfew imposed by the Delhi government to curb the spread of Covid-19, in New Delhi.

PTI Photo/ Shahbaz Khan

The Lajpat Nagar market wears a deserted look during the weekend curfew imposed by the Delhi government to curb the spread of Covid-19, in New Delhi.

PTI Photo/ Shahbaz Khan
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