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Monday, September 29, 2025
TopicPunjab National Bank

Topic: Punjab National Bank

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.

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

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

‘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

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

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?

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

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

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

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?

On Camera

Bodoland poll loss a wake-up call for Assam BJP. Zubeen’s death puts CM Sarma in a tight spot

Assam CM can’t celebrate that the Congress drew a blank in the Bodoland Territorial Council polls in 2010 as well as 2015, and bagged only one in 2020.

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.

Aerial warfare analyst Tom Cooper faults India’s military PR, says Pakistan does it better

In post on social media, Cooper narrated experience of MiG-21 researcher from Germany who wanted to attend aircraft’s farewell ceremony in India, and the roadblocks he faced. 

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.