Tags Posts tagged with "Punjab National Bank"

Tag: Punjab National Bank

Punjab National Bank unveils all new credit approval process

In a bid to eliminate the risk of fraudulent employee behavior, public lender Punjab National Bank has unveiled a new and improved credit approval...

PNB to honour all LoUs in Nirav Modi Case

Public sector lender Punjab National Bank (PNB) has agreed to honour all 32 letters of undertaking (LoUs) and foreign letters of credit (FLCs) worth...

RBI directs PSB auditors to tighten scam vigilance

In a bid to perk up the level of scam vigilance, the Reserve Bank of India (RBI) has directed the auditors of all Public...

PNB fraud: Other banks may have to share scam burden

The Banks, who gave away money to jewellers Nirav Modi and Mehul Choksi on the basis of fraudulent guarantees issued by Punjab National Bank,...

PNB branch blamed for fraud left unaudited for 9 years

While the accusations pertaining to Rs 12,636 crore Punjab National Bank’s scam has begun, the audit controls are also blamed for malicious activities. According to...

PNB Board pushes for stricter transfer policy

Public lender Punjab National Bank (PNB) has decided to push stricter transfer policy and ensure strong measures to curb the menace of Non-Performing Assets...

Bank union withdraws March 15 strike plan

The United Forum of Bank Employees Unions (UFBU) has withdrawn its decision of nationwide strike on March 15, in the wake of ongoing fraud...

AIBEA calls for action against top executives involved in bank frauds

Bank union All India Bank Employees Association (AIBEA) has asked Union Finance Minister Arun Jaitley to initiate action against the higher level management of...

Supervisory agencies must ensure steps to curb banking frauds: FM Arun Jaitley

Union Finance Minister Arun Jaitley has asked the banking supervisory agencies to take preventive measures in a bid to avoid banking scams in future. In...

PSBs to transfer officers completing 3 years: Central Vigilance Commission

Central Vigilance Commission has directed the Public Sector Banks (PSBs) to transfer the officers who have completed three years as on December 31, 2017,...

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