State-run Lender
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PNB Chief Says Bank Has Exposure To Adani Group, But Not A Matter Of Worry
Punjab National Bank has a total exposure of 70 billion rupees to Adani Group, but there is currently no worry pertaining to those accounts, the state-run lender's managing director and chief executive said on Monday.
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PNB Alleges Manipur Congress Candidate Defaulted On Rs 100 Crore Loan
The Congress in Manipur is facing major embarrassment days before the Lok Sabha elections begin. K James, the Outer Manipur candidate of the Congress, has been accused of defaulting loans worth Rs 100 crore of state-run lender Punjab National Bank.
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"Will Help Them Save Jet": Vijay Mallya Renews Offer In Cutting Remarks
Fugitive businessman Vijay Mallya, who is being investigated for fraud and money-laundering, said his now-defunct Kingfisher Airlines too could have been bailed out by lenders, similar to what happened with cash-strapped Jet Airways on Monday. He blamed banks for letting "India's finest airline" close its operations seven years ago.
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What's Next For Jet Airways After Founder Naresh Goyal's Exit: Ten Points
Jet Airways founder-chairman Naresh Goyal and his wife, Anita, resigned from the airline's board of directors today while state-run lenders announced a Rs 1,500 crore bailout plan. The two took the step at a time when a majority of its fleet has been grounded amid non-payment of dues to banks, suppliers, pilots and lessors. The total debt of the tr...
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RBI Chief Questioned By MPs On Supervision Fail In Nirav Modi Scandal
Facing tough questions from parliamentarians on the Nirav Modi scam and bad loans hitting state-run lenders, RBI Governor Urjit Patel said today that the regulator had limited powers to act against public sector banks like Punjab National Bank (PNB).
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Citing RTI Clause, PNB Won't Give Details Of Audit That Uncovered Fraud
State-run Punjab National Bank has declined to give details of the audit that led to the detection of over Rs 13,000 crore fraud at the lender, citing a clause that bars any disclosure that may harm investigation
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Take Rest PNB, You've Done Enough
Other than the embarrassment of asking the country's second-largest state-run lender to, well, stop lending, there's no other reason why India should allow Punjab National Bank to advance even one rupee to anybody except the government.
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How PNB Expects To Recover 1,800 Crore From "Mission Gandhigiri"
State-run lender Punjab National Bank is expected to recover around Rs 1,800 crore from its non-performing assets (NPAs) recovery mechanism -- "Mission Gandhigiri" -- which will soon complete one year of operation.
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Customers' Money Is "Safe With Us", Says Fraud-Hit PNB
State-run lender Punjab National Bank (PNB) has said its customers' "money is safe with us".
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PNB Fraud Likely To Swell Beyond $2 Billion Mark
The extent of the unravelling fraud at India's state-run Punjab National Bank could rise beyond the nearly $2 billion mark (Rs 12,998) so far outlined by the lender, according to a source involved in the probe and court documents reviewed by Reuters
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PNB Chief Says Bank Has Exposure To Adani Group, But Not A Matter Of Worry
Punjab National Bank has a total exposure of 70 billion rupees to Adani Group, but there is currently no worry pertaining to those accounts, the state-run lender's managing director and chief executive said on Monday.
-
PNB Alleges Manipur Congress Candidate Defaulted On Rs 100 Crore Loan
The Congress in Manipur is facing major embarrassment days before the Lok Sabha elections begin. K James, the Outer Manipur candidate of the Congress, has been accused of defaulting loans worth Rs 100 crore of state-run lender Punjab National Bank.
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"Will Help Them Save Jet": Vijay Mallya Renews Offer In Cutting Remarks
Fugitive businessman Vijay Mallya, who is being investigated for fraud and money-laundering, said his now-defunct Kingfisher Airlines too could have been bailed out by lenders, similar to what happened with cash-strapped Jet Airways on Monday. He blamed banks for letting "India's finest airline" close its operations seven years ago.
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What's Next For Jet Airways After Founder Naresh Goyal's Exit: Ten Points
Jet Airways founder-chairman Naresh Goyal and his wife, Anita, resigned from the airline's board of directors today while state-run lenders announced a Rs 1,500 crore bailout plan. The two took the step at a time when a majority of its fleet has been grounded amid non-payment of dues to banks, suppliers, pilots and lessors. The total debt of the tr...
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RBI Chief Questioned By MPs On Supervision Fail In Nirav Modi Scandal
Facing tough questions from parliamentarians on the Nirav Modi scam and bad loans hitting state-run lenders, RBI Governor Urjit Patel said today that the regulator had limited powers to act against public sector banks like Punjab National Bank (PNB).
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Citing RTI Clause, PNB Won't Give Details Of Audit That Uncovered Fraud
State-run Punjab National Bank has declined to give details of the audit that led to the detection of over Rs 13,000 crore fraud at the lender, citing a clause that bars any disclosure that may harm investigation
-
Take Rest PNB, You've Done Enough
Other than the embarrassment of asking the country's second-largest state-run lender to, well, stop lending, there's no other reason why India should allow Punjab National Bank to advance even one rupee to anybody except the government.
-
How PNB Expects To Recover 1,800 Crore From "Mission Gandhigiri"
State-run lender Punjab National Bank is expected to recover around Rs 1,800 crore from its non-performing assets (NPAs) recovery mechanism -- "Mission Gandhigiri" -- which will soon complete one year of operation.
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Customers' Money Is "Safe With Us", Says Fraud-Hit PNB
State-run lender Punjab National Bank (PNB) has said its customers' "money is safe with us".
-
PNB Fraud Likely To Swell Beyond $2 Billion Mark
The extent of the unravelling fraud at India's state-run Punjab National Bank could rise beyond the nearly $2 billion mark (Rs 12,998) so far outlined by the lender, according to a source involved in the probe and court documents reviewed by Reuters
