An attempted burglary occurred at a Punjab National Bank branch in Uchi Bassi village near Dasuya, with the intruder failing to access the main safe but stealing a digital tablet.
The CBI has registered an alleged bank fraud case against Mumbai-based Hanjer Biotech Energies Pvt. Ltd for causing a loss of over Rs 93.44 crore to Punjab National Bank. The company is accused of diverting a Rs 135 crore term loan, leading to searches at its Mumbai premises.
Punjab National Bank will reduce interest rates to PLR/PTLR on advances in respect of agriculture and small scale industry borrowings in the category of above Rs 0.2 million but up to Rs 2.50 million.
Public and private sector banks in India experienced significant deposit growth in the July-September quarter of FY27, largely propelled by foreign currency non-resident (bank), or FCNR(B), deposits mobilised under the Reserve Bank of India's concessional swap window, which closed on August 31.
Sandeep Mistry, a key associate of fugitive businessman Nirav Modi, has been arrested by the CBI after his deportation from the UAE. Mistry is implicated in the Rs 6,498.20 crore Punjab National Bank scam, where he allegedly facilitated forged documents, coerced dummy directors, and siphoned funds. He has been remanded to judicial custody.
A special CBI court in Mumbai denied bail to Sandeep Mistry, an associate of fugitive businessman Nirav Modi, in the multi-million-dollar Punjab National Bank (PNB) scam. The court cited Mistry's history of destroying evidence and his absconding for seven years as reasons for the denial, expressing concerns about securing his presence during the trial if released.
Punjab National Bank is believed to have clinched the deal for taking over the ailing Industrial Finance Corporation of India.
Bankers said the impact could become more visible from September 29 as customers could withdraw larger amounts of cash, although ATM operations are increasingly managed through third-party cash-loading arrangements.
'There will be some inconvenience to people. But we have given one-month notice to the government one month ago.'
State-run Punjab National Bank (PNB) is strategically planning to enter the wealth management segment by early 2027 and significantly expand its credit card portfolio, aiming to tap into lucrative markets largely dominated by private-sector banks.
Hero Honda, the motorcycle market leader, on Thursday tied up with Punjab National Bank to provide low interest loans to its customers.
Andhra Pradesh and Punjab National Bank (PNB) have signed an MoU to establish the PNB Quantum Finance Hub at Amaravati Quantum Valley. This initiative aims to foster innovation and adopt next-generation technologies like AI and Quantum Computing in the banking sector, focusing on cybersecurity, fraud detection, and customer experience.
Shares of major private lenders, including HDFC Bank, Axis Bank, and Kotak Mahindra Bank, experienced a sharp selloff after their June-quarter results indicated persistent pressure on net interest margins (NIMs), despite healthy credit growth. This decline overshadowed gains in ICICI Bank and Punjab National Bank (PNB), which reported resilient or stronger-than-expected earnings.
State Bank of India (SBI) anticipates that the newly introduced Merchant Discount Rate (MDR) on person-to-merchant (P2M) UPI transactions above 2,000, effective October 15, will enable it to recover the costs incurred in processing and facilitating these transactions, potentially even generating a small surplus.
Punjab has launched the fourth season of its state-level sports event, 'Khedan Wattan Punjab Diyan', aiming to identify and nurture sporting talent from grassroots to global levels. The event, featuring 39 disciplines and nearly 10 lakh participants, offers Rs 12.50 crore in prize money, including cash awards for veteran players for the first time. Chief Minister Bhagwant Mann inaugurated the games, highlighting the state's commitment to sports infrastructure development and financial assistance for athletes.
A Delhi court has rescinded a Look-Out Circular (LOC) against Akash Gupta, an accused in a Rs 247-crore Punjab National Bank fraud case, stating that the seriousness of an allegation cannot be the sole reason for its continued operation. The court noted Gupta's cooperation and previous adherence to travel conditions.
Fugitive diamond merchant Nirav Modi has been ordered by a UK High Court to pay Bank of India over USD 11.5 million, including accruing interest, for a personal loan guarantee related to his Dubai-incorporated firm, Firestar Diamond FZE.
The Samyukta Kisan Morcha (SKM) has ended its protest at the Chandigarh-Mohali border after receiving written assurances from the Punjab government. The government has pledged to convene a state Assembly session within a month to address issues concerning river waters, agriculture, and farmer loans, including resolutions against old water agreements and certain central bills.
\n\n\n\nPunjab National Bank has posted a net profit of Rs 1892.50 million for the quarter ended December 31, 2002 as compared to Rs 811.90 million in the quarter ended December 31, 2001.\n\n
Punjab National Bank on Monday allayed concerns about its exposure to Adani companies and noted that its loans to the group are diversified into 8-9 companies, which are generating sufficient cash. Atul Kumar Goel, the bank's MD & CEO, in a post-earnings call said total exposure to Adani group, so far, stands at Rs 7,000 crore, of which Rs 2,500 crore is in the airport sector. He further said there is "no worry as the exposure is not very big" and that the bank is keeping an eye on the development that is taking place.
ICICI Bank has successfully raised $1 billion through a five-year senior unsecured US dollar bond, marking its first public dollar bond issuance since 2017 and the largest single-tranche US dollar bond issuance by an Indian issuer so far this year.
The asymmetry in deposit and credit growth is the biggest challenge before the Indian banking industry. For every 100 deposit that a bank mobilises, it needs to keep 3 with the banking regulator in the form of cash reserve ratio on which it doesn't earn any interest. Another 18 is used for buying government bonds (statutory liquidity ratio). This means, a bank is left with 79 for giving credit. Add to this, its capital which can be used for giving loans. Most banks are facing a fund crunch. They need to find ways to attract deposits if they want to sustain credit growth, explains Tamal Bandyopadhyay.
A property near Heathrow Airport, London, worth Rs 7.5 crore has been attached by the Enforcement Directorate (ED) in connection with a bank loan fraud case involving Neo Corp International Ltd.
Public-sector banks (PSBs) in India have reported an 11.2 per cent year-on-year rise in net profit, reaching a record 1.98 trillion in FY26, marking their fourth consecutive year of profitability, driven by sustained business growth, improved asset quality, and strong capital positions.
Eleven companies, which owe the bank Rs 843 crore, are untraceable.
Indian listed companies experienced their fastest revenue growth in 15 quarters during Q1FY27, with combined net sales rising 18.4% year-on-year, while net profit grew 16%, primarily driven by mining, metals, and banking sectors, despite a contraction in operating margins due to higher input costs.
A special CBI court in Ahmedabad convicted eight individuals, including three retired Punjab National Bank (PNB) officials, in a 2016 loan fraud case that resulted in a loss of Rs 1.57 crore to the bank.
The National Investigation Agency (NIA) conducted raids in Punjab's Mansa district and other locations in Punjab and Haryana as part of its ongoing investigation into terror-gangster networks linked to Pakistani terrorist Shahzad Bhatti. The raids targeted individuals, including Yadvinder Singh, who admitted contact with Bhatti and is also facing an NDPS case.
As the world's most populous country, India's economy looks large in the aggregate even as its average incomes stay modest.
The European Court of Human Rights has granted fugitive diamantaire Nirav Modi anonymity, shielding his extradition case from public scrutiny. This decision comes as Modi faces potential extradition to India from the UK, where he is accused of a large-scale fraud.
Six banks that reported their quarterly business updates for the October-December (Q3FY26) quarter on Friday recorded double-digit growth in their loan books compared with a year ago. Deposits also posted healthy growth during the period.
Finance Minister Nirmala Sitharaman on Tuesday allayed apprehension that privatisation of state-owned banks would hurt financial inclusion and national interest. She said the bank nationalisation done in 1969 has not yielded the desired result as far as financial inclusion was concerned.
A special CBI court in Mumbai has convicted a retired bank manager and nine others in connection with a 2004 loan fraud case, sentencing them to prison terms ranging from one to five years.
State Bank of India's latest report highlights a 'chalk and cheese' divide in the Reserve Bank of India's recent policy communications, with the Monetary Policy Committee minutes showing a hawkish tone while the Governor's statements are more data-dependent, leading to market uncertainty regarding future interest rate hikes.
Newly appointed BJP Minority Morcha national president Kunwar Basit Ali announced a strategic focus on approximately 100 Uttar Pradesh assembly seats, aiming to connect the Muslim community with the BJP by highlighting government welfare schemes and dispelling "misconceptions" about the party.
A special court in Mumbai has issued notices to Nirav Modi's brothers, Neeshal and Nehal Modi, asking them to explain why they should not be declared fugitive economic offenders in the Punjab National Bank scam.
Amitabh Jhunjhunwala, former Managing Director of the Anil Dhirubhai Ambani Group, has been remanded in CBI custody in an alleged bank fraud case involving Reliance Commercial Finance Limited (RCFL) worth Rs 9,280 crore. The CBI alleges misappropriation of loan funds and violations of RBI guidelines, while Jhunjhunwala's lawyers claim he is a scapegoat.
The London High Court has rejected Nirav Modi's petition to reopen his extradition case, citing the Indian government's assurances regarding his treatment in India as a key factor in their decision.
The High Court of Justice in London has rejected a fresh bail petition filed by diamantaire Nirav Modi, who is wanted in India in connection with the Rs 13,000 crore Punjab National Bank (PNB) fraud case.
The Uttar Pradesh Police have filed an FIR against a former additional district magistrate, company representatives, and bank officials in connection with an alleged land scam worth around Rs 400 crore in Kanpur Dehat district.
