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Several banking and card-related changes will come into effect from February 2026, affecting everyday transactions, credit card benefits and compliance requirements for customers of State Bank of India, ICICI Bank, HDFC Bank and Punjab National Bank, according to ET.Among the key changes, SBI will revise service charges on certain IMPS transactions from February 15, 2026….
NEW DELHI: Punjab National Bank (PNB) MD & CEO Ashok Chandra Monday said the state-run lender is looking to grow organically in the southern states and there is no proposal on the table for any acquisition.“No decision or discussion regarding (any) acquisition has happened at the board level or at the govt level,” Chandra told…
NEW DELHI: Four years after RBI ordered insolvency action against Srei Infrastructure Finance and Srei Equipment Finance, Punjab National Bank on Friday reported a loan fraud of Rs 2,434 crore committed by the erstwhile promoters of the two non-bank finance companies to the regulator.It reported a fraud of Rs 1,241 crore in the case of…
NEW DELHI: Belgium’s Supreme Court has turned down Mehul Choksi’s appeal against his extradition to India. Court officials said that the order from the Antwerp Court of Appeal, which had cleared the way for his extradition, will now stand.Spokesperson for Court of Cassation, Advocaat-generaal Henri Vanderlinden, told PTI, “The Court of Cassation rejected the appeal….
New Delhi: Punjab National Bank Monday said that it expects the Indian economy to show robust growth in the coming quarters of the current fiscal, which is expected to boost credit demand for banks.“The Indian economy is very robust, despite challenges; our Q2 GDP growth number was 8.2%. In that quarter (July-Sept), the full impact…
CLSA has a high conviction outperform rating on Indus Tower with the target price at Rs 520. Analysts said the company’s July-Sept (Q2FY26) core revenue was up 11% on the year that was ahead of estimates. The company’s tenancy additions were 4,505, below estimates yet base was up 10% on the year. They also said…
Inside Arthur Road Jail: Belgian Court shown pictures of barrack where Mehul Choksi may be kept NEW DELHI: India submitted an affidavit to a Belgian court containing detailed architectural drawings and interior photographs of Mumbai’s high-security Arthur Road Jail, where fugitive businessman Mehul Choksi will be lodged following his future extradition in the Punjab National…
MUMBAI: Punjab National Bank (PNB) reported a 14.0% year-on-year rise in net profit to Rs 4,904 crore for the second quarter ended September 30, 2025, driven by higher total income and improvements in asset quality. The state-owned lender’s operating profit rose 5.5% to Rs 7,227 crore.Total income grew 5.1% to Rs 36,214 crore, while net…
Mehul Choksi (File photo) A court in Antwerp, Belgium, on Friday cleared the extradition of fugitive diamantaire Mehul Choksi, marking a major breakthrough for India in the Rs 13,000-crore Punjab National Bank (PNB) fraud case. Officials said the court upheld the validity of Choksi’s arrest made by Belgian authorities on India’s request earlier this year.“The…
