PNB Raises Rs 1,500 Crore Via Private Placement

“Our bank has issued and allotted Rs 1,500 crore tier II Basel III compliant capital bonds at a coupon of 8.15 per cent per annum on private placement basis,” PNB said in a regulatory filing.

London court extends Nirav Modi’s judicial custody till Nov 11

A London court on Thursday extended the judicial custody of fugitive diamantaire Nirav Modi till November 11 in connection with Rs 13,500-crore

Mega merger: India’s ten public sector banks to be consolidated into four

Finance Minister Nirmala Sitharaman today announced a big consolidation of public sector banks, 10 public sector banks to be merged into four. PNB, Indian Bank, Canara Bank and Union Bank of India will be the four anchor banks.

London court extends Nirav Modi’s custody till Aug 22

The custody of fugitive billionaire jeweler Nirav Modi was extended till August 22 by London’s Westminster Court on Thursday.

RBI penalises four public sector banks for non-compliance

The Reserve Bank of India (RBI) has imposed a penalty of Rs 1.75 crore on four public sector banks for non-compliance with KYC requirement and norms for opening of current accounts.

Gold and Political Goals

Controversy erupts over Tirupati Gold handling by Punjab National Bank Expressing shock at the lack of security for the transit BJP leader G. Bhanuprakash Reddy said it gave gives impetus to cheating and duping. The seizure became an awkward situation…

PNB divests stake worth Rs 1,851 crore in PNB Housing Finance

PNB divests partial stake in PNB Housing Finance for Rs 1,851 crore Government-owned Punjab National Bank (PNB) said on Friday it is offloading some of its stake in its subsidiary PNB Housing Finance to General Atlantic Group and Varde Partners…

CBI team to attend Nirav Modi’s hearing in London

CBI team to attend Nirav Modi’s case hearing in London on March 29 The CBI will send a team of its officials for the hearing in the loan default case against businessman Nirav Modi on March 29 in London. Modi…