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Nirav Modi is the main accused in the scam Mumbai: The CBI on Wednesday submitted a reply strongly opposing the discharge plea filed by Manoj Kharat, former single-window operator, accused in the multi-crore Punjab National Bank fraud case in which fugitive economic offender Nirav Modi is the main accused. In its reply, the CBI submitted…
Kotak Securities has an add rating on Punjab National Bank (PNB) with the target price at Rs 125, down from the earlier target of Rs 140. Analysts said that in the Jan-March quarter (Q4FY26), the lender had shown steady profitability overall with the return on equity (RoE) supported by low credit costs and decline in…
MUMBAI: Credit growth continued to outpace deposit mobilisation for Punjab National Bank, Union Bank of India and IDFC FIRST Bank at the end of the March quarter, reflecting sustained loan demand in a tight liquidity environment.Punjab National Bank reported global advances of Rs 12,61,420 crore as of March 31, 2026, up nearly 13% year-onyear, while…
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…
