Tuesday, 4 October, 2022
TopicPunjab National Bank

Topic: Punjab National Bank

Much before Punjab & Maharashtra Bank, there was the BCCI – Bank of Crooks and Criminals

In ‘Corporate Frauds’, Robin Banerjee writes about the Bank of Credit and Commerce International, which had accounts of Jimmy Carter, James Callaghan, Saddam Hussein, and arms traders.

PNB denies cybersecurity firm’s claim that 180 million customers’ data was breached

Chandigarh-based cybersecurity firm CyberX9 said a vulnerable PNB internal server could have allowed in a hacker, and the bank fixed problem months after patch was available.

Mumbai court allows return of Nirav Modi’s confiscated assets worth Rs 440 crore to PNB

The bank in July had filed multiple applications seeking the release of properties mortgaged with PNB against credit facilities extended to two of Nirav Modi's firms.

CBI books Amrapali Biotech over alleged fraud of Rs 47.97 crore in PNB

CBI also booked the company's directors for misappropriating the loan amount given to them by the bank 'with an ulterior motive to embezzle the public money'.

Privatisation is here — these two public sector banks could be the first ones to be sold

Bank stocks surge as Budget 2021 initiates long pending reforms, but unions oppose move.

3 PSU banks have Rs 9,922 cr of NPAs in roads sector. Delays, low toll collection blamed

The banks shared data with the parliamentary panel on transport, tourism and culture, which was looking at aspects of lending to the road sector.

Under Modi govt, top bosses of PSU banks have stopped getting extensions

In the past six years, at least six top public sector bankers have not been given an extension by the Modi govt, despite being eligible for it.

CBI books YSRCP MP Ramakrishna Raju in Rs 826-crore worth loan default case

Raju’s company, Ind Barath Thermal Power Ltd, is alleged to have defaulted on loan taken from a Punjab National Bank-led consortium.

Mehul Choksi surrenders his Indian passport to high commission in Guyana

Choksi, the alleged mastermind of the Punjab National Bank scam, has taken citizenship in Antigua last year.

What the ‘fugitive economic offender’ tag means for Vijay Mallya

The Modi government has begun proceedings against Vijay Mallya, the fugitive businessman, the first under a law it enacted last year.

On Camera

YourTurn

How RSS pracharak BL Santhosh has emerged as BJP’s ‘rock star’ general secretary

As BJP's general secretary (organisation), BL Santhosh holds enormous powers. But none of his predecessors were as high-profile as him, not even Narendra Modi.
Beneficiaries of the PM-GKAY PDS centre in Odisha | Representational image | ANI

Free grains, fuel tax deferred – Gujarat, HP on its mind, Modi govt puts politics over economy

RBI's rate hike also among decisions announced last week that might pay political dividends in state polls, but could come with commensurate economic costs, say economists.

Defence

The LCH is designed with stealth features such as reduced visual, aural, radar and infrared signatures | Photo: IAF

Prachand, India’s new Light Combat Helicopter, doesn’t yet have main arsenal or protection suite

IAF inducted new helicopter Monday, but it'll get anti-tank guided missile only by mid-2023, while air-to-air missiles haven't yet been ordered, it is learnt.

India’s hijab supporters will lose even if they win SC battle. Because the real war is political

In a highly polarised time, cornered minorities tend to lean back and protect the roots and fundamentals of what is so dear to them. Politically, it can often be a bad trap.
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