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Sunday, February 22, 2026
TopicPNB

Topic: PNB

After 3 scandals in 3 years, PNB plans an image makeover, expects profits

Shruti Srivastava -
Fraud-hit PNB is clearing a backlog of provisions and expects to post net income in every quarter of fiscal 2020-21.

Nirav Modi begins legal battle to stop his extradition to India from UK

Jonathan Browning -
On second day of week-long hearing in London, Modi’s lawyer sought to cast doubt on allegations the jeweller fraudulently procured guarantees from PNB.

‘Need a stadium, not a courtroom’ — 70,000 page Bhushan Steel chargesheet names 284

Apoorva Mandhani -
Bhushan Power and Steel had defaulted on a Rs 47,700-crore loan in 2017. Last week, PNB alleged it had also committed a Rs 3,815 crore scam.

PNB reports another NPA scam of Rs 38 billion, after the massive Nirav Modi fraud last year

Iain Marlow -
Punjab National Bank reported the new fraud to the Reserve Bank of India. The fraud took place at its Chandigarh branch, and in its Hong Kong and Dubai offices.

‘Modi’s ouster on 23 May will be India’s fitting reply to the most foul-mouthed PM’

ThePrint Team -
A selection of the best news reports, analysis and opinions published by ThePrint this week.

Smaller banks to be merged with PNB & Canara Bank in next round of consolidation

Mahua Venkatesh -
Finance ministry officials say mid-sized and small government lenders have been identified for separate merger processes with PNB and Canara Bank.

PNB finally emerging from Nirav Modi, Mehul Choksi’s shadow, reports profit

Remya Nair -
Punjab National Bank reports Rs 247 crore profit for December quarter, first since being afflicted by the Modi-Choksi scam in January last year.  

Union Bank of India pulls out of ‘fraud-hit’ diamond hub Antwerp

Elizabeth Burden -
The viability of the branch isn't established because of low business, particularly from the diamond sector, says CEO Rajkiran Rai Gundyadka.

Scandal-hit PNB wants south Indian banks to help revive its fortunes

Mahua Venkatesh -
Turnaround plan includes acquiring other PSU banks that have a strong presence in south India.

Nirav Modi seeks political asylum in UK, ED seeks extradition

Ananya Bhardwaj -
ED has written to the external affairs ministry seeking approval to move an application in the UK to initiate extradition proceedings against Modi.
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Opinion

Youth Congress, your foolish protest helped the Modi govt climb out of the AI summit hole

+TFP Vir Sanghvi -
In tactical terms, the shirtless protest was worse than a self-goal. Suddenly, the fiascos of the AI Summit were forgotten, and the Youth Congress’s disruption became the issue.

Why legal provisions are necessary to curb the power of trade unions: MH Mody

AI is officially ruining social media. It made brainrot boring

Economy

In the West, there’s anxiety. In India, optimism—Rishi Sunak says India poised to be leader in AI

Vrinda Tulsian -
On Wednesday, the former UK Prime Minister Rishi Sunak was speaking in New Delhi at a Carnegie & Observer Research Foundation event on AI.

Defence

MoD, IAF agree on some exemptions to HAL for Tejas Mk1A, but no compromise on ‘must-have’ capabilities

Snehesh Alex Philip -
IAF is fine with accepting the aircraft with 'must-haves', even if some other steps remain pending, which may take at least another year, it is learnt.

National Interest

No country is ever fully sovereign. Cold War era taught India its real meaning

Shekhar Gupta -
India’s fraught neighbourhood places multiple constraints on its strategic choices. It leaves no time to take a deep breath, lean back and reset.

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