Topic: Punjab National Bank

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

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

Choksi has taken citizenship of Antigua after he and his companies allegedly cheated the Punjab National Bank of Rs 7,000 crore. 

The best cartoons of the day, chosen by editors at ThePrint.

Apart from the insolvency and bankruptcy code, the govt may announce additional mechanisms to strengthen recovery and reduce NPA levels.

Govt 's infusion comes as it seeks to shore up capital buffers and help the lenders meet coupon payments on their bonds.

PNB will issue preferential shares to the government to raise the capital to meet interest obligations on perpetual bonds.

PDP President Mehbooba Mufti took to social media yesterday to hit back at former ally BJP on Sunday, a day after its president Amit Shah accused the alliance government led by her of corruption, misrule, and being soft on separatists

Spiraling bad loans and an intensified crackdown on corruption in the financial sector have made the job less appealing than ever.

Hidden bad debt is a blow to the sector given that half of India’s 22 government-controlled banks are already under the Reserve Bank of India’s strict Prompt Corrective Action program that restricts lending and expansion.