Tag: PNB
Economy
SBI, PNB, ICICI, Axis Bank among others to infuse Rs 7,000 crore to form bad bank
Public sector banks like SBI, PNB, Canara Bank, Union Bank and Bank of India will be infusing capital and will have stakes in the bad bank
India
PNB scam accused Nirav Modi to be extradited? British court decides today
Nirav Modi is behind bars in a London prison on charges of fraud and money laundering in the estimated Rs 14,000-crore PNB scam case
Crime
PNB scam: ED files new charge sheet to aid Mehul Choksi’s extradition
The CBI initiated a probe into the PNB fraud on 31 January, 2018, Choksi tried to dispose of his company Gitanjali Infratech
Business
PNB reports $ 492 m fraud owing to Rs 3,688 crore loan to DHFL
Two years after the scam by diamantaire Nirav Modi hit PNB with by a massive Rs 13,000 crore NPA, the bank has declared DHFL cheated it too
Crime
Noor, Iftekhar siphon off Rs 51 lakh with fake PM-CARES ID
Noor and Istekhar launched pmindia.gov, which looked like pmindia.gov.in, sent a link to visitors, which directed the money to their accounts
Crime
Nirav declared 2nd fugitive economic offender
Nirav Modi, fighting his extradition case in England, was further remanded, unable to convince the court he wouldn't intimidate witnesses
Crime
Nirav denied relief, to stay in judicial custody till 11 November
Nirav Modi is being denied bail under the apprehension that he could try to flee the UK as well; his uncle Mehul Choksi fled to Antigua after they connived to defraud the PNB of $ 11.7 billion
Business
Corporate tax cut begins showing results: PNB first off block
The corporate tax rate reduction will be a big boost to the capital base and help revive the growth and employment generation across all sectors: PNB Housing Finance MD Sanjaya Gupta