Punjab national bank heavy loss net profit Punjab National Bank today reported a net profit of Rs. 4,532 crore has been lost. It is said that the analysis has reached three times more damage than analysts. Punjab National Bank’s net outflow of Rs. 4,532 crore net loss. The net loss in the previous quarter was Rs.…
Punjab National Bank criminal case: Rs.218 cr In the Punjab National Bank fraud case, a related diamond dealer, Mughal Saqsi, The Implementation Department has frozen assets worth 218 crores. The Bombay Regional Office has issued a warrant to dispose of assets under the Foreign Exchange Fraud Prevention Act.…
New Delhi: Nirav Modi assets Rs 637 cr seized Initiating a fresh round of action, the Enforcement Directorate Monday said it has attached assets worth Rs 637 crore of absconding jeweller Nirav Modi and his family in India and four other countries in connection with the USD 2 billion alleged fraud in the PNB. 5 overseas…
Just a day after PM Modi’s New Year’s Eve speech, the country’s largest lender State Bank of India and other banks have cut down their home loan lending rates. The country’s largest lender, SBI, has reduced marginal cost of funds based lending rate (MCLR) by 0.9 percent from 8.90 percent to 8 percent for…
The finance ministry on Thursday had relaxed the rules for wedding and farm withdrawals, with the ceiling fixed at Rs 2.5 lakh per wedding, per family. “In absence of operational guidelines from the RBI, we are unable to give Rs 2.5 lakh for marriage purposes. We are awaiting direction from the RBI,” said Punjab…