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Saturday, November 1, 2025
TopicPNB

Topic: PNB

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

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

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 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.

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.

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.

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.

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.

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.

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.

On Camera

Why is going to law school so popular again?

In a recent survey of law school admissions officers, 94% said the current political climate in the US played at least a moderate role in the increase.

Consumer Price Index gets up to date. Airfare, OTT plans, e-commerce prices in new basket—MoSPI secy

New CPI series will take 2024 as base year, will provide more accurate measure of inflation, spending on digital services. Expected to enhance representation and reliability, says Saurabh Garg.

Joint production, closer ties, emerging tech: The foundation of new defence pact between India & US

The agreement, signed after meeting between Rajnath and US Secretary of War Pete Hegseth on sidelines of ADMM-Plus in Kuala Lumpur, aims to deepen bilateral ties in the critical sector.

Trump’s trade wars have rewritten powerplay, but India didn’t get the memo

This world is being restructured and redrawn by one man, and what’s his power? It’s not his formidable military. It’s trade. With China, it turned on him.