Tag: Punjab National Bank

Punjab National Bank wins Hindi implementation award

Punjab National Bank wins Hindi implementation award

New Delhi, Sep 14 (IANS) State-run Punjab National Bank (PNB) on Friday bagged the “Rajbhasha Kirti” award for outstanding performance in implementing the Official Language Policy during 2017-18, the bank said. The award, under the category of ‘Nationalised Banks and Financial Institutions in Region A’, was presented by Vice President M.[Read More…]

Punjab National Bank wins Hindi implementation award

PNB scam: Additional Rs 1,300 cr fraud revealed

Mumbai: The fraud-hit Punjab National Bank (PNB) has reported an additional Rs 1,300 crore unauthorised transactions, taking the estimated quantum to Rs 12,600 crore in the scam related to diamond trader Nirav Modi and owner of Gitanjali Gems, Mehul Choksi. In a 11.22 p.m., late night filing with the stock exchanges[Read More…]

Two Gitanjali officials named in CBI FIR resign

Mumbai: Following the unravelling of the $1.8 billion Punjab National Bank (PNB) fraud, two senior officials of Gitanjali Gems — Chandrakant Karkare and Pankhuri Warange — resigned from the company, according to a regulatory filing with the stock exchanges on Monday. Industry chambers condemn $1.8 bn fraud, rap functioning of[Read More…]

RBI can sell USD 25 bn more to arrest rupee fall: SBI report

SBI cuts down its bank interest rate on savings account

Shares of public sector undertakings (PSU) banks were trading higher by up to 4%, recovering from their intra-day lows, after the state-owned banking giant State Bank of India (SBI) cut saving bank interest rates. SBI restructured by 2.7% to Rs 307 on BSE after the bank introduced a two-tier saving bank interest rate[Read More…]

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