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…
29 MAR 2018
Punjab National Bank
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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…
22 MAR 2018
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…
14 MAR 2018
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…
28 FEB 2018
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…
27 FEB 2018
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The United Forum of Bank Employees Unions (UFBU) has withdrawn its decision of nationwide strike on March 15, in the…
26 FEB 2018
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…
23 FEB 2018
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…
21 FEB 2018
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…
20 FEB 2018
PNB fiasco deepens: Special court sends three accused to police custody till March 3
One of the biggest frauds in the history of Indian banking seems to deepen with each passing day. A special…
18 FEB 2018
