Merger: E&Y to carry out harmonisation of capital norms of PNB, UBI, OBC
"PNB, the anchor bank, has appointed E&Y as advisor for harmonisation of capital norms, precisely net worth of the three banks as on March 31, 2020," United Bank of India's MD and CEO Ashok Pradhan said. At present, the consulting firm is looking at the balance sheets of the three banks and their audited reports of the second quarter of the current financial year, he added.
YES Bank, IndusInd, SBI, PNB face risk from Rs 91,000 crore telecom debt
IndusInd, YES and PNB are the least preferred stocks in the sector, ...
Check fixed deposit interest rates of SBI, PNB, HDFC Bank and ICICI Bank
Not only conservative investors prefer bank FDs but also, senior c...
Fraud-hit Punjab National Bank alleges it has been cheated again
The lender has categorized Carnation’s account as a bad loan with effect from June 30, 2012, according to the complaint. The fraud-hit bank’s gross bad loan ratio rose to 16.8% as of September from 16.5% at June.
Share market update: PSU bank shares jump; PNB up 1%
The Nifty PSU Bank index was trading 0.52 per cent up at 2474.3 .
PNB Scam: Nirav Modi changed structure of firms to conceal crime, says CBI
Modi allegedly made dummy partners majority stakeholders in Diamonds R US, Solar Exports and Stellar Diamonds, the sources said. Modi allegedly did not inform the PNB about the changes, and instead opened three new current accounts at the Surat Co-operative Bank showing the dummy directors as “majority stake holders.
Law firm’s role in PNB case under lens
CBI had seized documents related to the estimated Rs 13,570-crore scam from Lower Parel office of Cyril Amarchand Mangaldas (CAM) in February last year, and is probing if the law firm helped Modi hide key evidence related to the case.
Share market update: PSU bank shares mixed; Allahabad Bank rises 2%
The Nifty PSU Bank index was trading 0.14 per cent down at 2465.2 .
UK court further remands Nirav Modi to appear on January 30
Nirav Modi appeared for his regular 28-day "call-over" appearance from London's Wandsworth prison at Westminster Magistrates' Court. His extradition trial is scheduled for May 11 and is expected to last over five days.
Share market update: Bank shares slip; PNB dips nearly 2%
The Nifty Bank index was trading 0.6 per cent down at 31,211.15 .
PNB loses UK High Court appeal in USD 45-million deceit claim
The issue in contention was whether the High Court of England and Wales should accept jurisdiction to try the claim by London-based Punjab National Bank International Limited's (PNBIL), involving eight loans it made between March 2011 and December 2014 for oil re-refining and wind energy generating projects in the US.
Share market update: Bank shares slip; PNB down over 4%
The Nifty Bank index was trading 1.54 per cent down at 31,575.95.
PNB scam: CBI court refuses to cancel warrant against Mehul Choksi
Special CBI judge V C Barde refused to give relief to Choksi after hearing arguments by his lawyers and the Central Bureau of Investigation's counsel A Limosine. Choksi had moved the court in June 2018 seeking cancellation of the warrant, issued by the court as he did not respond to summons and participate in the probe.
PNB shares fall over 2% after RBI flags under-reporting of NPAs
The divergence assessed by the RBI in net NPAs was Rs 2,617 crore for the fiscal.
Buy Punjab National Bank, price target Rs 72: Manas Jaiswal
The analyst suggested a stoploss at Rs 64.5.
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