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Friday, December 12, 2025
TopicPunjab National Bank

Topic: Punjab National Bank

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

PTI -
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

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

Nirav Modi fraud cost Rs 14,357 crore, says PNB

PTI -
The bank Tuesday posted its largest-ever quarterly loss of Rs 13,416.91 crore for the January-March period, mainly on account of high provisioning for bad loans.

Staff crunch making probe into PNB-Nirav Modi scam difficult, CBI tells court

Ananya Bhardwaj -
‘We are short-staffed, need more expert hands to probe voluminous PNB case,’ it says while asking for permission to let sub-inspectors probe the case.

PNB’s long journey from being the first swadeshi bank to the Nirav Modi fraud

Subrata Panda -
The image of Punjab National Bank, whose clientele once included Nehru, Shastri and Indira Gandhi, has taken a major hit with the Nirav Modi fraud.

How blockchain could have prevented a PNB-Nirav Modi scam

Arifa Khan -
There were plenty of systems in place to prevent the Punjab National Bank-Nirav Modi case, but they failed. A blockchain-based system might have been more effective at preventing it. 

TalkPoint: Is it impossible to fix India’s disastrous PSU banks?

ThePrint Team -
Experts weigh in on the astounding 11,000 crore fraud in Punjab National Bank and how it reflects on the state of public sector banks in India.

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

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

The Nirav Modi case has played out before in this book

Vandana Menon -
A case of an Indian celebrity jeweller named Nirav accused of being involved in banking fraud has taken place before: in a recent book.

If Modi wants a real legacy, he must undo Indira Gandhi’s disastrous bank nationalisation

Shekhar Gupta -
From Jimmy Nagarwala’s Rs 60 lakh from SBI to Nirav Modi’s Rs 11,000 crore-plus from PNB, India has a 47-year record of scams in govt banks. Why do all govts still love them?
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Opinion

IndiGo cancellations made TV news do the unexpected — question the Modi government

Shailaja Bajpai -
Republic TV was the harshest of them all: “The (civil aviation) minister has done a bad job,” said prime time anchor Arnab Goswami.

Why electoral ‘reform’ is cause for worry—the Modi govt uses it to cement political hold

The world’s biggest trade deal is in the making. India and EU must close it now

Economy

IndiGo’s profits dipped, most airlines sunk into losses last fiscal even as flier numbers soared

Udit Bubna -
Despite growing passenger volume, 11 out of 14 carriers reported losses in 2023-24. IndiGo recorded profit of Rs 8,167 crore, which reduced to Rs 7.253 crore in 2024-25.

Defence

US clears $686-mn package to breathe fresh life into Pakistani F-16s

Vaibhav Pant -
Of the total package, $649 million will be utilised for additional hardware, software, and support services, and the remaining for Major Defence Equipment (MDE).

National Interest

Asim Munir & Pakistan’s Failed Marshal Doctrine

Shekhar Gupta -
None of Pakistan’s PMs has lasted 5 years. That the current PM has given Asim Munir 5 years shows that of all military dictatorships history has seen, Pakistan’s is most creative.

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