Tuesday, 24 May, 2022
TopicPunjab National Bank

Topic: Punjab National Bank

Interpol issues red corner notice against Mehul Choksi, says CBI

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

PNB in Antigua, and Narendra Modi’s gau dan in Uganda

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

Modi govt may push for mergers to tackle crisis in state-run banks

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

India set to pump Rs 13,500 crore into state banks to meet capital requirements

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

Govt set to infuse about Rs 2,000 crore into Punjab National Bank by next week

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

Mehbooba Mufti hits back at the BJP and an Army major arrested

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

Just when they need leadership, public sector banks are headless

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

RBI unearths $7 billion of bad loans at big Indian bank

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.

CBI files charge sheet against Choksi & ex-PNB MD in $2 billion scam case

The charge sheet against Choksi comes after CBI submitted one against his nephew Nirav Modi alleging fraud of close to Rs 6,500 crore.

Take a break, Punjab National. You’ve done enough

Punjab National’s butter chicken is truly cooked, as the RBI continues to force all lenders to flush out dud loans.

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World’s $300 trillion in debt. Here’s what it means for services like health, education

To meet debt payments, at least 100 countries will have to reduce spending on essential services, the IMF estimates.

Defence

Boeing's F/A-18 Super Hornet pulls off its first successful launch from a ski-jump at Naval Air Station Patuxent River, US | Photo credit: Boeing

2 American Super Hornets in India as Boeing looks to showcase fighters for Navy deal

Navy looking at about 26 multi-role deck-based fighters for its aircraft carrier. Visit by Super Hornets comes close on heels of similar trip by competitor Rafale M of Dassault Aviation.

Mandir or Masjid? New surveys not needed, just acceptance of truth & move towards reconciliation

That temples were destroyed and mosques built is undisputed history. The past can’t be changed, but we can’t deny the wrongs of the past either before we consider reconciliation.
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