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Tuesday, September 30, 2025
TopicPNB

Topic: PNB

Karnataka govt orders state depts to shut down accounts with SBI, PNB over non-refund of deposits

A state government circular on 12 August said the meeting with the bank officials did not yield any result and the matter is now sub judice.

PNB Housing files appeal in SAT against SEBI order to halt Rs 4000 crore Carlyle deal

The company approached Securities Appellate Tribunal ahead of its EGM scheduled for 22 June to seek shareholders' approval for the proposal to raise capital through the Carlyle deal.

SEBI orders PNB Housing to halt Rs 4,000 crore fundraising deal with Carlyle group

SEBI said the resolution regarding the deal, which was to be put to a shareholders' vote on 22 June, was 'ultra-vires' or beyond the powers of the company's Articles of Association.

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

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

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.

Nirav Modi, wanted in India for loan fraud, remanded to judicial custody till 19 Sept in UK

Diamond merchant Nirav Modi has been lodged at London's Wandsworth prison since his arrest this March in connection with the PNB fraud and money laundering case.

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

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

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’

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

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

On Camera

Bengaluru, Gujarat, Chennai—mapping India’s emerging semiconductor hubs

Emerging hubs in India mirror the factors that have long driven the US’ semiconductor clusters in New York, Texas, Oregon, and California.

Market regulator SEBI clears Adani Group of impropriety alleged by Hindenburg Research

SEBI probe concluded that purported loans and fund transfers were paid back in full and did not amount to deceptive market practices or unreported related party transactions.

In Nepal, young dreams of serving in Indian Army crash as Agnipath halts a centuries-old tradition

Since 1815, Nepali Gorkhas have served in Indian & British Armies, as well as in Bihar, Bengal & Assam Police. Since Agnipath scheme came in, no Nepal-domiciled Gorkha has enlisted.

Something’s hidden in the Oval Office photo of Trump, Munir, Sharif. India must look closely

What Munir has achieved with Trump is a return to normal, ironing out the post-Abbottabad crease. The White House picture gives us insight into how Pakistan survives, occasionally thrives and thinks.