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Friday, January 30, 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

Economic Survey 2025-26 takes global lessons seriously—and shows why Swadeshi is the way to go

Bidisha Bhattacharya -
The Economic Survey 2025-26 is not a celebration of success, but a measured warning that the traditional paradigms of global economic growth are no longer applicable.

How Djokovic & his luck outplayed opponents in major tournaments—walkovers to retirements

India is resigned to a new status quo with China

Economy

Economic Survey backs skilled visas to give IT services sector a boost, green energy for data centres

Sampurna Panigrahi -
The IT services sector contributed more than half of India’s Gross Value Added, serving as a major driver of exports and employment, the Economic Survey 2025-26 has found.

Defence

Indian Army ties up with US drone company that made its name in the Ukraine conflict

Debdutta Chakraborty -
Shield AI will provide V-BAT vertical takeoff & landing drones along with licences for software, which will be integrated into aircraft and made available to select Indian partners.

National Interest

Non-alignment is coming back in a new avatar: Trump-peedit alliance

Shekhar Gupta -
No nation other than China can negotiate one-on-one with Trump on an equal footing. That’s why the middle powers who so far formed the core of multilateral bodies now feel orphaned.

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