Tuesday, 18 December, 2018

Topic: PNB

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

The viability of the branch isn't established because of low business, particularly from the diamond sector, says CEO Rajkiran Rai Gundyadka.
Former PNB MD Usha Ananthasubramanian | Dhiraj Singh/Bloomberg

Former PNB MD Usha Ananthasubramanian granted bail in Nirav Modi fraud case

A special CBI court approved her bail plea after the President had granted sanction to prosecute her. 

Govt sacks Allahabad Bank chief Usha Anathasubramanian allegedly involved in PNB fraud

The government has also given sanction for prosecution against PNB executive director Sanjiv Sharan.
Punjab National Bank

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

Turnaround plan includes acquiring other PSU banks that have a strong presence in south India.
Latest news on Nirav Modi | ThePrint.in

Nirav Modi seeks political asylum in UK, ED seeks extradition

ED has written to the external affairs ministry seeking approval to move an application in the UK to initiate extradition proceedings against Modi.
Tata Steel Ltd. bought insolvent Bhushan Steel Ltd.

First big bankruptcy success hands $5.2 billion for Indian banks

Tata Steel Ltd takes over insolvent Bhushan Steel Limited at a price of 352 billion rupees. This amount is equivalent to 63 percent of the 560 billion rupees claimed by Bhushan Steel's creditors.
RBI in Delhi

Think twice before busting India’s ailing banks

RBI is cutting off banks and the police is intimidating bankers, there’s not much chance that credit growth will recover sufficiently to support India’s nascent growth revival.
Illustrated by Siddhant Gupta

Plugged-In: Warrants for Nirav Modi, outspoken Chelameswar and Karnataka elections

Plugged-In from ThePrint is a new feature that sifts through the mountain of content and explains the big headlines and commentary from across media — briefly, intelligently. A one-stop quick-read put together by the best minds in the business for the news junkie on the go.
Punjab National Banks South Mumbai branch. | PTI / Shashank Parade

Punish the big fish: bank employees’ unions demand amid PNB scam arrests

Unions to hold dharna in Delhi demanding action against 'all the people' involved.
Representational image | Commons

What the PNB scam reveals: The need for Human Resource management in India’s bureaucracy

Worldwide, there has been a shift from 'personnel' to 'HR' and focus on performance development, appraisal systems and employees’ professional development.
Foreign investment has transformed China

A little humility from the Communist Party will serve China well

By taking all the credit for the country’s stunning economic rise, the Communist Party is threatening its continued prosperity.
madhya pradesh

MP push for 70% industry jobs to locals: Valid regionalism or is Congress the new Shiv Sena?

Kamal Nath, on his first day as Madhya Pradesh chief minister, announced incentives for industries that hire 70 per cent local workers. When questioned about th...