News for 'Punjab National Bank'

UK team inspects Tihar jail amid India's extradition push

UK team inspects Tihar jail amid India's extradition push

Rediff.com7 Sep 2025

A team from Britain's Crown Prosecution Service (CPS) recently visited Tihar Jail to assess prison conditions for the extradition of high-profile economic offenders such as Nirav Modi and Vijay Mallya.

Pahalgam Memorial Honours Terror Attack Victims

Pahalgam Memorial Honours Terror Attack Victims

Rediff.com21 Apr 2026

A memorial has been erected in Pahalgam to honour the victims of a terror attack last year. Security has been increased across Kashmir ahead of the anniversary.

Delhi Police Arrests 27 in Pan-India Cyber Fraud Operation

Delhi Police Arrests 27 in Pan-India Cyber Fraud Operation

Rediff.com1 Mar 2026

Delhi Police arrested 27 individuals across 11 states for involvement in cyber fraud cases exceeding Rs 1.5 crore, uncovering a network engaged in various scams including investment fraud and social media impersonation.

Pakistan tightens security in Islamabad ahead of US-Iran peace talks

Pakistan tightens security in Islamabad ahead of US-Iran peace talks

Rediff.com19 Apr 2026

Pakistan has increased security measures in Islamabad and surrounding areas as the US and Iran prepare for another round of peace talks. The move follows an announcement by former US President Donald Trump that American negotiators would be in Pakistan for discussions aimed at resolving the conflict between the two nations.

Trade union strike sees mixed response; normal life unaffected

Trade union strike sees mixed response; normal life unaffected

Rediff.com12 Feb 2026

A nationwide strike called by central trade unions saw a mixed response across India, impacting various sectors and states differently, with some areas experiencing disruptions while others remained largely unaffected.

SCARY! Weak Monsoon Threatens Water Security

SCARY! Weak Monsoon Threatens Water Security

Rediff.com24 Apr 2026

'Monsoon is the pran (life) of our water system.' 'A weak monsoon will have a very negative impact on crops and people's lives.'

Mehul Choksi's appeal against India's extradition request rejected by Belgian SC

Mehul Choksi's appeal against India's extradition request rejected by Belgian SC

Rediff.com10 Dec 2025

Belgium's supreme court -- the Court of Cassation -- on Tuesday rejected the appeal of fugitive diamond trader Mehul Choksi challenging the extradition request of India in connection with the Rs 13000-crore alleged bank fraud in Punjab National Bank, authorities in that country said.

Sebi attaches bank, demat, MF accounts of Mehul Choksi to recover Rs 2.1 cr dues

Sebi attaches bank, demat, MF accounts of Mehul Choksi to recover Rs 2.1 cr dues

Rediff.com6 Jun 2025

Markets regulator Sebi has ordered the attachment of bank accounts and shares and mutual fund holdings of absconding diamantaire Mehul Choksi to recover dues totalling Rs 2.1 crore in a case of violation of insider trading rules in the shares of Gitanjali Gems.

Pak gangster posts video of Gurdaspur cop killing; TTK owns responsibility

Pak gangster posts video of Gurdaspur cop killing; TTK owns responsibility

Rediff.com24 Feb 2026

A Pakistan-based gangster posted a video on social media purportedly showing the killing of a police officer in Gurdaspur, near the Indo-Pak border. A terror outfit has claimed responsibility for the incident, prompting a thorough investigation by Punjab Police.

Shaheed Diwas 2026: PM Modi Leads Tribute to Bhagat Singh, Rajguru and Sukhdev

Shaheed Diwas 2026: PM Modi Leads Tribute to Bhagat Singh, Rajguru and Sukhdev

Rediff.com23 Mar 2026

Shaheed Diwas 2026: India observes Martyrs' Day on March 23, marking 95 years since Bhagat Singh, Rajguru and Sukhdev were hanged by the British in 1931. PM Modi leads tributes. History, significance, quotes and how the nation is remembering the martyrs today.

Mumbai court issues non-bailable warrant against Mehul Choksi in loan fraud case

Mumbai court issues non-bailable warrant against Mehul Choksi in loan fraud case

Rediff.com30 Apr 2025

A court in Mumbai has issued a non-bailable warrant against diamantaire Mehul Choksi in the Canara Bank-led consortium loan fraud case involving about Rs 55 crore. Choksi, a prime accused in the multi-million dollar Punjab National Bank (PNB) 'fraud', was arrested in Belgium on April 12 following an extradition request by Indian probe agencies.

Trai Launches Digital Consent Pilot

Trai Launches Digital Consent Pilot

Rediff.com11 Dec 2025

A national rollout will take place after the pilot test in which SBI, PNB, Axis Bank, Bank of Maharashtra, Canara Bank, Kotak Mahindra Bank, IndusInd Bank, ICICI Bank, HDFC Bank, Indian Overseas Bank and Punjab & Sind Bank are participating.

Working closely with Belgium for Mehul Choksi's extradition, says MEA

Working closely with Belgium for Mehul Choksi's extradition, says MEA

Rediff.com18 Apr 2025

India is working closely with Belgium to extradite fugitive diamantaire Mehul Choksi, who was arrested in Antwerp on Saturday based on a formal request from the Indian government. Choksi is wanted by Indian probe agencies in connection with a Rs 13,500-crore bank loan fraud case involving the Punjab National Bank (PNB). His nephew, Nirav Modi, is also facing extradition proceedings in the UK.

'For FY26, We Expect Corporate Loan Book Upto Rs 4 Tn'

'For FY26, We Expect Corporate Loan Book Upto Rs 4 Tn'

Rediff.com15 Nov 2025

'We currently have new proposals worth Rs 1.48 trillion in the pipeline.'

M&M, Manulife to form life insurance JV with 7,200 crore investment

M&M, Manulife to form life insurance JV with 7,200 crore investment

Rediff.com14 Nov 2025

Canadian firm Manulife and Mahindra & Mahindra (M&M), an Indian automaker with interests in financial services, have signed an agreement to form a 50:50 life insurance joint venture (JV) with a total capital commitment of up to Rs 3,600 crore each totalling Rs 7,200 crore.

Nirav Modi, sister's Rs 66-cr properties released to PNB

Nirav Modi, sister's Rs 66-cr properties released to PNB

Rediff.com19 Jun 2025

A special court here has allowed the release of properties worth Rs 66.33 crore, owned by fugitive diamantaire Nirav Modi and his sister Purvi Modi and attached by the Enforcement Directorate (ED) in connection with the multi-crore PNB fraud case.

Why Billionaires Are Fighting for IPL Teams

Why Billionaires Are Fighting for IPL Teams

Rediff.com17 Feb 2026

The business value of the league, popularly called the IPL, surged to a record $18.5 billion last year, U.S.-based investment bank Houlihan Lokey says.

New Challenges Facing Banks

New Challenges Facing Banks

Rediff.com28 Feb 2024

As the fight for deposits intensifies, the cost of money will rise and the margin will be under further pressure, points out Tamal Bandyopadhyay.

ED attaches fresh assets of Nirav Modi

ED attaches fresh assets of Nirav Modi

Rediff.com11 Sep 2024

The Enforcement Directorate on Wednesday said it has attached fresh assets worth Rs 29.75 crore of fugitive diamond trader Nirav Modi under the anti-money laundering law. A provisional order has been issued under the Prevention of Money Laundering Act (PMLA) to attach these assets that are in the form of bank deposits, land, and buildings, it said in a statement.

Banks Struggle to Regain Deposits

Banks Struggle to Regain Deposits

Rediff.com13 Mar 2025

Privately, many bankers admit their immediate goal is not growth but slowing the erosion of Casa deposits, reveals Tamal Bandyopadhyay.

Five banks plan national ATM network

Five banks plan national ATM network

Rediff.com23 Dec 2002

If language pride is a 'disease'...: Raj Thackeray slams RSS chief

If language pride is a 'disease'...: Raj Thackeray slams RSS chief

Rediff.com10 Feb 2026

In a post on X, Thackeray also claimed that those who attended Bhagwat's programme in Mumbai on February 7-8 to mark the RSS centenary did not come out of love for him but due to the fear of Narendra Modi's government.

Aunt to raise 10-month-old orphaned by Mandi cloudburst

Aunt to raise 10-month-old orphaned by Mandi cloudburst

Rediff.com14 Jul 2025

Ten-month-old Neetika, orphaned in the Mandi flash floods, will be raised by her aunt. The community rallies to support her future.

Punjab and Sind Bank in last four

Punjab and Sind Bank in last four

Rediff.com8 Mar 2004

The Bankmen, reduced to ten men, beat Namdhari XI 2-0 in the quarter-finals of the Bombay Gold Cup hockey tournament.\n\n

PNB fraud: Nirav Modi's brother Nehal held soon after 3-year US jail term

PNB fraud: Nirav Modi's brother Nehal held soon after 3-year US jail term

Rediff.com6 Jul 2025

Nehal Modi, the younger brother of fugitive diamantaire Nirav Modi, has been arrested in the US based on extradition requests from the Enforcement Directorate and the CBI.

Goa Crime Branch Arrests 34 in IPL Betting Racket

Goa Crime Branch Arrests 34 in IPL Betting Racket

Rediff.com9 Apr 2025

Assets Worth Rs 40 Lakh Seized

India Inc growth stuck in slow lane; core earnings shrink in Q1FY26

India Inc growth stuck in slow lane; core earnings shrink in Q1FY26

Rediff.com25 Aug 2025

The more things change, the more they remain the same for corporate India. In the April-June 2025 period (Q1FY26) - for the ninth consecutive quarter - listed companies witnessed only single-digit revenue growth, while their core earnings, excluding other income and one-time gains, contracted for the second time in four quarters. This comes as firms brace for the impact of 50 per cent US tariff on Indian goods.

Jamil banks on fresh faces as India miss key players

Jamil banks on fresh faces as India miss key players

Rediff.com21 Aug 2025

There are four first-timers in Jamil's camp of 25 players -- defenders Alex Saji, Sunil Benchamin, Muhammed Uvais, and forward Manvir Singh.

'Ample Room For New Entrants In Equity Exchange'

'Ample Room For New Entrants In Equity Exchange'

Rediff.com31 Aug 2025

'Market momentum and investor interest are at unprecedented levels, making this the opportune moment.'

This Bank Asks A Sweeper For Rs 16 Cr!

This Bank Asks A Sweeper For Rs 16 Cr!

Rediff.com2 May 2023

Punjab National Bank claims Vadodara municipal corporation worker Shantilal Solanki owes them Rs 16 crores.

Optimistic about impact of Trump tariffs, RBI tells parliamentary panel

Optimistic about impact of Trump tariffs, RBI tells parliamentary panel

Rediff.com30 Apr 2025

The Reserve Bank of India (RBI) brass, including its Governor Sanjay Malhotra, on Tuesday told a Parliamentary panel that it was "optimistic" about the impact of the US tariffs on the Indian economy and, in long-run, it could benefit the country due to dipping trade relations between the US and China.

Most PSBs see decline in headcount even as branches spread

Most PSBs see decline in headcount even as branches spread

Rediff.com16 Jun 2025

At a time when the finance ministry is focusing on addressing employee grievances, the number of employees in most public-sector banks (PSBs) has declined over the last three financial years.

RBI imposes penalty on PNB, ICICI Bank

RBI imposes penalty on PNB, ICICI Bank

Rediff.com15 Dec 2021

The Reserve Bank of India (RBI) on Wednesday said it has imposed a penalty of Rs 1.8 crore on Punjab National Bank and Rs 30 lakh on ICICI Bank for deficiencies in regulatory compliance. In a statement, the RBI said the Statutory Inspection for Supervisory Evaluation (ISE) of Punjab National Bank (PNB) was conducted by it with reference to its financial position as of March 31, 2019. Following the ISE and examination of other documents, the RBI found contravention of its provisions relating to the pledge of shares by the PNB.

Ronaldo fan Abhishek eyes World Cup glory

Ronaldo fan Abhishek eyes World Cup glory

Rediff.com11 Sep 2025

'I had a feeling from within that this tournament (Asia Cup) would be something special, but I did not think that I would become the player-of-the-tournament.'

Belgian court rejects Mehul Choksi's bail plea

Belgian court rejects Mehul Choksi's bail plea

Rediff.com22 Apr 2025

A Belgian court has declined the bail plea of Mehul Choksi, a key accused in the Rs 13,500 crore Punjab National Bank (PNB) loan fraud case.

SC orders liquidation of Jet Airways' assets

SC orders liquidation of Jet Airways' assets

Rediff.com7 Nov 2024

The Supreme Court on Thursday exercised its extraordinary constitutional powers and ordered the liquidation of grounded air carrier Jet Airways' assets. A bench of Chief Justice D Y Chandrachud and Justices J B Pardiwala and Manoj Misra set aside the National Company Law Appellate Tribunal (NCLAT) decision upholding the resolution plan of Jet Airways and approved the transfer of its ownership to Jalan Kalrock Consortium (JKC).

Can AI Improve Customer Service At PSBs?

Can AI Improve Customer Service At PSBs?

Rediff.com20 May 2025

'AI analyses body language, etiquette, and communication skills, providing an in-depth performance matrix and a ranking system to help employees identify areas of improvement.'

Mehul Choksi detained in Belgium on India's extradition request

Mehul Choksi detained in Belgium on India's extradition request

Rediff.com14 Apr 2025

Absconding diamond jeweller Mehul Choksi has been detained in Belgium following an extradition request by Indian probe agencies for his alleged involvement in the Rs 13,000 crore PNB bank loan 'fraud' case, official sources said Monday. The action against the diamantaire was taken on Saturday.