PNB
Finance
PNB hikes bad-loan recovery target by over 50% for FY20
State-owned Punjab National Bank (PNB) has increased its bad-loan recovery target to Rs 25,000 crore for the current financial year. ......
Finance
Putting onus on borrower is bankruptcy law's biggest plus point: PNB's Sunil Mehta
It has been a year since Punjab National Bank (PNB) revealed that two jewellery groups had swindled the state-run lender ......
Finance
Flashback 2018: Financial sector grapples with PNB scam, NBFC crisis, RBI-govt row
Bad loans, the rising gulf between the Reserve Bank of India and the government, and the Punjab National Bank-Nirav Modi ......
General
Cerebrus hires AION exec to head India biz; Suzlon may sell 49% in subsidiary
US private equity firm Cerberus Capital has hired Indranil Ghosh, former principal at special situations PE company AION Capital Partners, ......
Finance
PNB posts third straight quarterly loss on fraud-related provisions
Punjab National Bank (PNB) reported a third straight quarterly loss on Friday as it set aside more money to account ......
General
PNB, Carlyle shelve plan to sell stake in PNB Housing Fin; Nykaa may raise funds
Public sector lender Punjab National Bank and private equity firm The Carlyle Group have shelved their plans to sell stake ......
General
Blackstone makes cash offer for PNB unit; Tatas, India Power bid for Odisha discom
Out of 20 suitors, private equity giant Blackstone has emerged as the only entity to make an all-cash offer to ......
Finance
Law firm Cyril Amarchand under scrutiny in PNB fraud probe
India’s largest law firm, Cyril Amarchand Mangaldas (CAM), is being scrutinized by federal agents after they seized documents related to ......
People
PNB fraud: India asks UK to extradite jeweller Nirav Modi
India has asked Britain to extradite billionaire jeweller Nirav Modi, one of the main accused in the $2 billion loan ......
Finance
Govt set to inject $1.65 bn into fraud-hit PNB, four other banks
India's government will inject a total 113.36 billion rupees ($1.65 billion) in five state-run banks, including fraud-hit Punjab National Bank, ......
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