Many from this small lender have made it to other bank boards over the past 5 years
What was the RBI doing, what was the PNB top management doing, what were the auditors doing, asks Debashis Basu.
We might not have been seeking out baubles, says Kishore Singh, but there's nothing Nirav Modi liked more than surprising you with them.
Finance Minister Arun Jaitley on Saturday proposed to infuse Rs 7,940 crore funds next fiscal in the public sector banks.
Members from parties, including National Democratic Alliance partner Telugu Desam Party, All India Anna Dravida Munnetra Kazhagam and Trinamool Congress, continued their protests on various issues.
'The snakes and ladders game will continue till the consolidation process is complete simply because we don't know how bad the scene is, with some of the banks being merged,' says Tamal Bandyopadhyay.
Surging forex reserves, now over $108 billion, have put 'considerable' pressure on the Reserve Bank of India, which finds the existing money control instruments inadequate to manage the capital inflows, according to PNB Gilts.
District Judge Samuel Goozee expressed his concern at the late submission of the documents, said to include largely bank statements relating to the diamond merchant's companies, but has agreed to consider the application for their submission.
Punjab National Bank has posted a 28.2 per cent rise in net profit at Rs 322.67 crore for the quarter ended June 30, 2004 as compared to Rs 251.76 crore in the quarter ended June 30, 2003.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
HDFC Life, which posted a consolidated net profit of Rs 281.83 crore (Rs 2.81 billion) for the quarter ended June compared with Rs 11.92 crore (Rs 119.2 million) in corresponding period last year (according to HDFC's first quarter results), has diversified its distribution mix.
'If you give your ID and password to somebody else, how can anybody blame the technology for that problem?'
It has also issued cautionary letters to seven other banks.
State Bank of India is also expected to tap the markets this year
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
The four officials were asked questions related to the UPA government's '20:80' gold import scheme, which was cleared by Chidambaram on May 13, 2014, barely three days before the counting of votes of the general election
With only two months left for the completion of fiscal 2003-04, Centre's gross borrowings rose by about nine per cent to Rs 1,45,974 crore
'We were number one in commodity, currency, electricity, bonds, spot and everything. 'The purpose was to create an accident and then exploit it to eliminate the group. There were so many vested interests and therefore they did this," said Shah.
Private insurance firms say, over the past few years, they have been investing on digital technologies to reach semi urban and rural areas.
Hero Honda, the motorcycle market leader, on Thursday tied up with Punjab National Bank to provide low interest loans to its customers.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
LIC, ICICI Bank, PNB to have nominees on board; firm asked to sell non-core assets.
In a 7-page letter Choksi said, he was being threatened by the individuals with whom he has business relationship and due to the seizure of his assets, his employees, customers and creditors have started to show animosity towards him.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
SBI remains a favourite of most brokerages in the PSB segment.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
The five-day extradition trial of fugitive diamond merchant Nirav Modi will begin from May 11 in a part-remote setting, a UK court has ordered. Modi is fighting his extradition to India over the nearly USD 2 billion Punjab National Bank (PNB) fraud and money laundering case.
SAT observed that complaints were filed six years ago against 16 listed entities, including the registered intermediaries, but were disposed of by the regulator without settling the case.
A whopping 42 per cent increase in redemptions of government securities and 364 day treasury bills led to an over 14 per cent decline in the net borrowings of the Centre till December 26, according to PNB Gilts.
For non-banks, the IL&FS crisis was nothing short of India's Lehman moment, which has for a foreseeable future reset the sector on multiple grounds.
The government's market borrowing crossed Rs 100,000 crore (Rs 1,000 billion) till November 1, as fiscal deficit surged to over Rs 81,014 crore (Rs 810.14 billion) in first half of 2003-04, PNB Gilts said in its latest report.
This is the first tranche of capital infusion for the fiscal and more funds would be provided in future depending upon the performance of PSU banks.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
The central government's net borrowings till July 25 stood at Rs 52,715 crore (Rs 527.15 billion), nearly 50 per cent of the budget estimate of Rs 1,07,194 crore (Rs 1071.94 billion) for 2003-04, according to PNB Gilts.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Investor interest in banks and real estate companies dipped and these stocks witnessed correction post the policy announcements.
Banking stocks led by Yes Bank, ICICI Bank, Axis Bank and SBI came under heavy selling pressure
'The fact remains that as of today, the justice that I deserve is far off, as it shall take time to prove my innocence, and the future seems uncertain presently,' Mehul Choksi tells his employees in a letter.
India's rupee woes seem to have worked in favour of non-resident Indians (NRIs). Last week, the Reserve Bank of India increased the cap on foreign currency non-resident (FCNR) and non-resident external (NRE) interest rates.
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