IndiaCatalog.com
Login Signup
IndiaCatalog.com
Home Web Directory Classifieds Yellow Pages Global Directory City Guide News Photo Galleries
Login
Signup
  • Home
  • News
  • Punjab National Bank Related news

Punjab National Bank Related news

PNB to e-auction 4,000 properties to reclaim loans

PNB to e-auction 4,000 properties to reclaim loans

New Delhi: Punjab National Bank (PNB), one of the leading public sector banks on Wednesday has stated that it has chosen to put more than 4,000 properties on e-auction all over India as portion of its loan recovery effort, reported by IANS.

As per the bank, activity under the Securitisation and Reconstruction of Financial Assets and Enforcement of Securities Interest Act (SARFAESI) will offer assistance in accomplishing recovery of Rs 26,000 crore amid current Financial Year 2018-19.

Big bank theory: Modi govt may merge PNB, OBC and PSB to create giant PSU lender

Big bank theory: Modi govt may merge PNB, OBC and PSB to create giant PSU lender

The government is weighing the possibility of the next phase of consolidation in the public sector banking space by amalgamating three lenders —Punjab National Bank (PNB), Oriental Bank of Commerce (OBC) and Punjab & Sind Bank (P&SB), sources told FE.

“An inter-ministerial group (called Alternative Mechanism) under Union minister Arun Jaitley will take a final call on this plan.

PNB fraud: Mehul Choksi surrenders Indian passport to Antiguan government

PNB fraud: Mehul Choksi surrenders Indian passport to Antiguan government

Mehul Choksi, one of the key architect of the Rs 14,000 crore PNB fraud has surrendered his Indian citizenship. Absconding Choksi is currently in Antigua where he took citizenship last year. He has deposited his Indian passport to the Antiguan authorities. Passport number Z. 3396732 has been deposited with cancelled pages. He has also deposited the mandatory $177 dollar for leaving Indian citizenship.

Centre removes two PNB executive directors for lapses in Rs 13,500-cr fraud

Centre removes two PNB executive directors for lapses in Rs 13,500-cr fraud

The Central government has removed two Punjab National Bank (PNB) Executive Directors -- Sanjiv Sharan and K.Veera Brahmaji Rao -- for the lapses in the Rs 13,500 crore fraud allegedly perpetrated by absconding diamantaire Nirav Modi.

The PNB has intimated the action to the stock exchanges on Friday.

PNB scam a civil transaction, being blown out of proportion: Nirav Modi

PNB scam a civil transaction, being blown out of proportion: Nirav Modi

Nirav Modi, a prime accused in the multi-crore PNB fraud case on Saturday said that he has done nothing wrong and that the scam was a "civil transaction" which is now being blown out of proportion.

Modi, on Saturday, filed a response before the PMLA court opposing the Enforcement Directorate's complaint to have him declared a "fugitive economic offender" under the Fugitive Economic Offenders Act.

PNB decides national anthem will be sung at every Annual General Meeting

PNB decides national anthem will be sung at every Annual General Meeting

After being ravaged by the Nirav Modi scam earlier this year, public sector lender Punjab National Bank (PNB) has decided that the national anthem will be sung in its Annual General Meetings (AGM) and Extraordinary General Meetings (EGM), which are held for discussing and approving key decisions by shareholders.

PE Play: Carlyle eyes PNB’s stake in PNB Housing Finance

PE Play: Carlyle eyes PNB’s stake in PNB Housing Finance

Carlyle Group is seeking to double its holding in mortgage lender PNB Housing Finance, people familiar with the matter said, reversing an earlier attempt to pare its stake in the company.

The US private equity firm is considering buying Punjab National Bank’s (PNB) shares in PNB Housing, which would give it a controlling stake, the people said, asking not to be named as the information is not public.

PNB-led consortium takes Shriram factory possession

PNB-led consortium takes Shriram factory possession

Punjab National Bank (PNB) on Friday said a consortium led by it has taken the symbolic possession of the factory of Leitwind Shriram Manufacturing (LSML), a Shriram group company, in Chennai to recover Rs 600-crore loans the company has availed of.

Leitwind Shriram Manufacturing, according to PNB, had availed of credit facilities to the tune of Rs 600 crore from a consortium.

PNB’s overseas operations also under fraud cloud

PNB’s overseas operations also under fraud cloud

New Delhi: It’s not just jeweller Nirav Modi and his uncle Mehul Choksi who have run away with Rs 13,000 crore of Punjab National Bank’s money. It now turns out that the fraud-hit bank has been robbed of another Rs 271 crore by a group of businessmen in UK using similar modus operandi.

PNB Housing Finance obtains refinance sanction of Rs 3,500 crore from NHB

PNB Housing Finance obtains refinance sanction of Rs 3,500 crore from NHB

PNB Housing Finance (PNBHFL) on Monday said it has received a long-term loan sanction of Rs 3,500 crore refinance facility from National Housing Bank. The facility will help PNBHFL boost liquidity as well as improve its asset-liability profile.

In FY18, PNBHFL had accessed Rs 1,500 crore refinance from NHB. NHB’s refinance constituted 7.83% of PNBHFL’s source of funds in FY16, before coming down to 5.36% on September 30, 2018.

  • Previous
  • 3
  • 4
  • 5
  • 6
  • 7
  • Next

Post a FREE Classified Advertisement

Inviting Real Estate Agents, Job Placements Agents, Educational Institutes, Software Service Providers, Real Estate Builders, Marriage Bureaus, Travel Agents, Restaurant Owners, Health & Fitness Centers and other Local Businesses to Post a FREE Classified Advertisement on Cootera.com Classifieds Website.

Most Read News

IndiaCatalog News
Deepak Nitrite soars 6% as subsidiary plans Rs 5,000-cr capex in Gujarat
IndiaCatalog News
Garmin launches Instinct 2X Solar edition smartwatches in India: Details
IndiaCatalog News
Global mobility firm Flix to enter India in early 2024 with bus service
IndiaCatalog News
Centre to launch Rs 75 coin to mark the opening of new Parliament building
IndiaCatalog News
Disney to give pink slip to 2,500 employees in third round of layoffs

CORPORATE NEWS

Cipla Limited - Mumbai.
Cipla Limited - Mumbai.
Paytm
Paytm
Hindustan Petroleum Corporation Ltd.(HPCL)
Hindustan Petroleum Corporation Ltd.(HPCL)
National Stock Exchange of India Ltd (NSE)
National Stock Exchange of India Ltd (NSE)
LIC Housing Finance Ltd
LIC Housing Finance Ltd
Ashok Leyland Limited
Ashok Leyland Limited
Apollo Hospitals
Apollo Hospitals
Wipro Technologies (Wipro Ltd)
Wipro Technologies (Wipro Ltd)

PHOTO GALLERY

Bugatti Veyron Super Sports
Bugatti Veyron Super Sports
Top10 Highest Paid Actors Bollywood
Top10 Highest Paid Actors Bollywood
TVS Scooty Pep Plus
TVS Scooty Pep Plus
Nenu Naa Rakshasi
Nenu Naa Rakshasi
Keshava
Keshava
Dilwale
Dilwale
BMW i8
BMW i8
Nenokkadine
Nenokkadine
IndiaCatalog.com

IndiaCatalog.com is a website brought to you by Portland Technologies to provide directory of Indian websites, News, City Guides and profiles of Indian Businesses. Portland Technologies also provides IT solutions for Small and Medium Businesses in India.


Products

India Web Directory

Global Web Directory

Yellow Pages

Photo Galleries

FREE India Classifieds


Useful links

About us

Advertise

Link to us

Submit a Site

Business Reviews


Contact

Plot #37, Ramnagar Gundu, Hyderabad - 500 044

service@indiacatalog.com

+91-40-23756949


© Copyright: IndiaCatalog.com