Punjab National Bank
Nirav Modi seeks bankruptcy cover as PNB fraud mounts to Rs12,636 cr
28 Feb 2018
Nirav Modi's Firestar Diamond has filed for bankruptcy protection in US even as Punjab National Bank informed the CBI of another fraud Rs1,251 crore involving Gitanjali Gems
Another scam hits PNB: customers’ card data on sale for Rs320
23 Feb 2018
In a breach discovered by CloudSek Information Security, details of around 10,000 Punjab National Bank credit and debit card holders, including CVV numbers, were available on the dark web for a mere $4.90
Scam-hit PNB to infuse Rs5,473-cr govt funds to boost capital
23 Feb 2018
Punjab National Bank is going ahead with a planned Rs5,473-crore capital-raising from the government through a preferential issue, even as the bank boasted that it has enough assets to meet any liability caused by the Rs11,300-crore fraud
SBI, UBI share $500 mn of the $1.77 bn Nirav Modi-fraud on PNB
17 Feb 2018
The Punjab National Bank scam involving a Rs11,300 crore fraud by global jeweller Nirav Modi could balloon into a much larger banking industry scam after investigating agencies extended probe to other major jewellers and banks
PNB fraud: net widened; Modi, Choksi passports suspended
17 Feb 2018
By Friday, the ED and CBI had searched 35 locations in 11 states and seized jewellery worth Rs5,100 crore in connection with the Rs11,400 crore ‘fraud’ pulled by jewellers Nirav Modi and Mehul Choksi on Punjab National Bank
PNB reports Rs10,000-cr fraudulent transactions in its Mumbai branch
14 Feb 2018
PNB said the unauthorised transactions (messages) involved a few select account holders in a Mumbai branch, based on which other banks appear to have advanced money to these customers abroad
PNB Q3 net plummets 93% to Rs51 crore
09 Feb 2016
PNB weighing takeover of steelmakers to recover bad loans: report
29 Jul 2015
PNB is awaiting government nod to take control of some of these steel companies and sell them to recover its loans
Punjab National Bank signs deal with Indian Army
10 Jun 2015
PNB Q1 profit rises by 13% at Rs 1,246 crore
28 Jul 2012
PNB opens ‘Gen Next’ branch in Lucknow
03 Dec 2011
Featured articles
Lighter than air, yet very, very powerful
By Kiron Kasbekar | 03 Jan 2024
In March 2013 Chinese scientists pulled off a remarkable feat. They created the world’s lightest aerogel. Tipping the scales at a mere 0.16 milligrams per cubic centimeter – that’s a sixth of the weight of air!
COP28 explained: A closer look at COP28's climate change solutions
By Aniket Gupta | 27 Dec 2023
The 28th United Nations Climate Change Conference, also known as COP28, took place from 30th November 2023, to 13th December 2023, at Expo City in Dubai, United Arab Emirates.
What is a Ponzi scheme?
By Aniket Gupta | 06 Dec 2023
Ponzi schemes have long captivated the public imagination, drawing unsuspecting investors into a web of illusion and deception.
The Rise and Rise of HDFC Bank
03 Jul 2023
HDFC, which surged ahead of global majors like HSBC Holdings Plc and Citigroup Inc and left Indian peers like State Bank of India and ICICI Bank in market capitalisation, now ranks fourth largest among the world’s most valuable banks, after JPMorgan Chase & Co, Industrial and Commercial Bank of China Ltd and Bank of America Corp
India’s Millet Revolution To Enrich Global Food Basket
02 Apr 2023
Millets, a healthier and cheaper substitute to wheat and rice, are indigenous to many parts of the world, especially in the semiarid tropics of Asia and Africa, and offers a big scope for expanding production and consumption in the foodgrain deficient African continent
Market predator Hindenburg preys on Adani stock
06 Mar 2023
Almost a month after the damning report of short-seller Hindenburg Research on the Adani Group that claimed that the seven stocks within the group were about 85 per cent overvalued, one of the group's stocks, Adani Total Gas, closed at Rs835 on the BSE, down nearly 79 per cent from its 24 January level, almost close to reaching that valuation