PNB fraud: Choksi denies any truth in allegations

New Delhi, July 27 (IANS) Fugitive diamond jeweller Mehul Choksi, who is wanted by Indian investigative agencies in the Rs 13,500…

Banking majors hike MCLR rate for one-year loan

Mumbai, June 2 (IANS) Banking majors SBI and PNB on Friday hiked their benchmark marginal cost of funds based lending rate…

Unions blame IBA for impacting Rs 43K cr of transactions during strike

Chennai, May 31 (IANS) The unions in the banking sector are squarely blaming the Indian Banks’ Association (IBA) for forcing them…

Moody’s cuts Punjab National Bank’s deposit ratings, outlook stable

New Delhi, May 21 (IANS) Moody’s Investors Service has downgraded the local and foreign currency deposit rating of multi-crore fraud hit…

PNB scam: CBI names Mehul Choksi as ‘wanted’

  The Central Bureau of Investigation (CBI) on Wednesday filed the second chargesheet in connection with the Punjab National Bank…

Fraud fallout: PNB tightens norms, to separate loan appraisal and monitoring teams

New Delhi, April 13 (IANS) To avert any future fraud, the 124-year-old state-run lender Punjab National Bank said that it has…