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Saturday, March 14, 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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On Camera

YourTurn

Opinion

Menstrual leave doesn’t work in ‘real world’. And that real world is designed by, for men

Gitanjali Das -
When a woman menstruates, when/if she decides to marry, when/if she decides to have kids, should not be factors when looking at a woman’s potential from a hiring standpoint.

What India can learn from the US-Israel war on Iran

Communism is based on self-deluding assumptions, it can’t be realised in practice: GN Lawande

Economy

US strike on Iran’s key oil export island Kharg raises fears of wider supply disruption

Katharine Gemmell -
President Trump said the US had bombed military targets on Kharg Island in the Persian Gulf, but spared oil infrastructure.

Defence

Supreme Leader Mojtaba, the man Iran must keep alive & the secret force ‘tasked with it’—all about NOPO

Vaibhav Pant -
The Nirouyeh Vijeh Pasdaran Velayat, or NOPO, was the only force Ali Khamenei trusted.It was founded in 1991 and is more feared than the Revolutionary Guards.

National Interest

Peaceful power transfers followed uprisings in India’s neighbourhood. It’s a sign of mature democracies

Shekhar Gupta -
Rating democracies is a tricky business. I am only using the simple metric of who in the Indian subcontinent has had the most peaceful, stable, normal political transitions and continuity.

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