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Tuesday, September 30, 2025
TopicPNB

Topic: PNB

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.

Punjab National Bank discussed fraud prevention in 2016, but didn’t introduce safeguards

A report to the central government says Punjab National Bank had debated putting in place safeguards to prevent fraud in 2016, but put no systems in place. 

30 public sector and co-op banks are susceptible to PNB-like fraud

Despite RBI warnings about the risks of the SWIFT messaging system, these banks have not linked it to their core banking systems.

We can’t do away with bank scams. But we can aim for an India where they are fewer

Money is about accounting entries. Modern scams are all about stealing accounting entries, when the system has a “reconcilement” problem.

Mehul Choksi bigger defaulter than Nirav Modi, probe says 143 LOUs issued over two months

CBI says Mehul Choksi alone defrauded PNB of Rs 4,886 crore, which makes him the bigger defaulter than his nephew Nirav Modi.

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.