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The Latest Breaking News from Punjab National Bank

Better recoveries, low slippages pull down PSU banks write-offs to multi-year lows in FY26

Public sector banks in India saw loan write-offs fall to multi-year lows in fiscal year 2025-26. This positive trend is attributed to fewer new bad loans and better recovery of existing ones. Banks like Bank of Baroda and Punjab National Bank reported their lowest write-offs in years. This signifies a…

The Economic Times

A fugitive Indian jeweler accused of a $1.8bn bank fraud has been arrested in Belgium

Fugitive Indian jeweler Mehul Choksi, who has been accused of involvement in one of India’s biggest bank frauds, has been arrested in Belgium

The Independent UK

Diamond trader Mehul Choksi arrested for fraud in Belgium; Know the whole matter

Choksi, after fleeing from India, was living with his wife Preeti Choksi in Antwerp city in Belgium. Read further on Dynamite News

Dynamite News

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Indian jeweller accused in £1.4bn bank fraud case detained in Belgium

New Delhi has sent a request for Mehul Choksi's extradition

The Independent UK

DFS Secretary M. Nagaraju lauds PNB for cyber awareness programme during 131st Foundation Day

Punjab National Bank celebrates 131 years with digital push and new customer schemes. Read more at Dynamite News.

Dynamite News

From Track to Tech: PNB's Half Marathon Empowers a Cyber-Safe India

Over 13,800 runners raced for fitness and cybersecurity awareness, promoting a 'Secure Digital India' with races, prizes, and fraud prevention initiatives. Read more at Dynamite News.

Dynamite News

Uttarakhand: DGP hands over accident insurance cover to dependents of late ASI

Under the Police Salary Package Scheme, accident insurance of rupees one crore has been allowed on the salary accounts of police personnel with various banks. Read further on Dynamite News:

Dynamite News

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Morning Digest | Largely peaceful Phase 3 records over 64% polling; CBI arrests four for pushing Indians into Russia-Ukraine war, and more

The Hindu Morning Digest gives a select list of stories to start the day. Read the top news today on May 8, 2024

The Hindu

Bombay HC rejects Mehul Choksi’s pleas challenging proceedings to declare him fugitive economic offender

The Bombay High Court on Thursday rejected all the pleas filed by fugitive diamantaire Mehul Choksi challenging the applications by the Enforcement Directorate (ED) to declare him a fugitive economic offender (FEO) in the multi-crore Punjab National Bank (PNB) scam. The directorate has filed three chargesheets against Mr. Choksi and…

The Hindu

DN Exclusive: Is PNB top management under deep slumber? CBI nabs another official for bribe, Bank’s work culture under question mark

Back to back arrest of Punjab National Bank's (PNB) officials by the Central Bureau of Investigation (CBI) in corruption cases is raising a big question on the work culture and credibility of the Bank. Why does the top management totally fail to make the Bank corruption free? Read full story…

Dynamite News

PNB Work Culture Exposed: Once again Punjab National Bank in controversy; CBI arrests two officials for taking bribe

The type of banking work culture being promoted by the officials of the Punjab National Bank sitting in Delhi was exposed when the CBI arrested two PNB employees red-handed while taking bribe. Read the full report of Dynamite News:

Dynamite News

CBI registers ₹1,017-crore bank fraud case against Loha Ispaat, others

The company had taken credit facilities amounting to ₹812.07 crore from the consortium involving the Bank of India, Canara Bank, Indian Overseas Bank, Punjab National Bank and the Bank of Maharashtra

The Hindu

Former AGM of Punjab National Bank, 3 others get five-year jail term for bank fraud

According to a release, CBI had registered the case on February 19, 2016 against M/s. Sheetal Refineries Limited and its directors on the allegations of committing bank fraud and causing a loss of ₹53.82 crore to Punjab National Bank.

The Hindu

Interpol revokes Red Corner Notice against fugitive Mehul Choksi

The removal of Mehul Chinubhai Choksi's name from the Interpol database of Red Notices will make the fugitive diamantaire eligible to travel at will to any other country, apart from India, where he faces multiple cases. Read further on Dynamite News:

Dynamite News

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Dynamite News

Rajasthan: Termites Damage Currency Notes Worth 2.15 Lakh Inside Bank Locker In Udaipur

Currency notes worth Rs.2.15 lakh kept in the locker of Punjab National Bank branch of Kalaji Goraji were damaged by termites. Read further on Dynamite News:

Dynamite News

DRT Orders Auction Of Nirav Modi’s Pune Flats

The Debt Recovery Tribunal-I (DRT-I), Mumbai, Recovery Officer Ashu Kumar has ordered the auction of two prime properties belonging to Multi-billionaire scamster diamantaire Nirav D. Modi and others in one of the cases filed by Punjab National Bank (PNB) to recover a part of its dues. Read on for details:

The Times of India

Banks hike MCLRs, repo-linked lending rates post RBI rate action

NEW DELHI: Joining peer lenders, SBI, Kotak Mahindra Bank and Federal Bank are the latest in the list to revise their marginal cost of funds based lending rates (MCLRs) in addition to hikes in repo-linked rates from early October.

The Times of India

Experts debate Nirav Modi's suicide risk in UK high court

LONDON: The high court in London on Tuesday began hearing evidence from two leading experts in the field of psychiatry to determine the level of suicide risk faced by Nirav Modi if he is extradited to India to face charges of fraud and money laundering, amounting to an estimated $2…

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The Hindu

Former MP Kothapalli Geetha, her husband convicted in bank cheating case, lodged in prison

They are accused of defrauding Punjab National Bank to the tune of ₹42 crore

The Hindu

2019 gold jewels missing case | Pudukkottai branch of PNB seeks CBI probe

Justice K. Murali Shankar ordered notice to the Centre on a petition filed by the bank and adjourned the case till September 12.

The Times of India

Ludhiana PNB dacoity: Bank peon among four arrested; cash, weapons recovered

LUDHIANA: The Ludhiana city police solved the Rs 7.44 Lakh dacoity at Detwal branch of Punjab National Bank, within 48 hours, with the arrest of four accused, including a class four employee of the bank.

The Hindu

The scam faultline is damaging Indian banking

More steps to prevent frauds are needed which include tightening the internal and external audit systems of banks

The Hindu

U.K. High Court hears Nirav Modi plea against extradition to India

Nirav Modi is wanted in India on the charges of fraud and money laundering in the Punjab National Bank loan scam case

The Times of India

Auto, home and personal loans become expensive with banks raising rates

NEW DELHI: Auto, home and personal loans have become costlier with banks and other financial institutions increasing interest rates following the repo rate hike by RBI on Wednesday.

The Hindu

Auto, home, personal loans become expensive with banks raising rates

A number of national banks have raised lending rates for their customers after RBI raised the benchmark repo rate by 50 basis points

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