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Tags Posts tagged with "Punjab National Bank"

Tag: Punjab National Bank

Centre may soon merge PNB, OBC, Andhra Bank: Report

After announcing the merger of three Public sector Banks (PSBs), Centre is reportedly planning the amalgamation of Punjab National Bank, Andhra Bank and Oriental...

Around 24 banks sign-in for Project Sashakt to combat NPAs

In a bid to speed up the recovery of Non-Performing Assets (NPAs), around 24 banks have signed inter-credior agreement (ICA) framework. The framework is a...

Finance Ministry grants Rs 11,336 cr capital infusion in PSBs

The centre has given the final nod to the capital infusion of Rs 11,336 crore in five Public Sector lenders, to help them meet...

Allahabad Bank seizes CEO Usha Ananthasubramanian’s executive powers 

Public lender Allahabad Bank has seized the executive powers of its Chief Executive Officer Usha Ananthasubramanian. The Centre has directed the bank to take this...

Centre to axe Allahabad Bank CEO for involvement in PNB fraud...

The Centre has started the process of removing top bankers for their involvement in Punjab National Bank (PNB) fraud case. Several bankers including Usha Ananthasubramanian,...

PNB will be back in shape in 6 months, says CEO

Public sector lender Punjab National Bank (PNB) is facing a lot of flak since January this year due to concerns pertaining to bank fraud....

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,...

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