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CBI finds no evidence of corruption in case involving Nirav Modi; transferred to magistrateA special CBI court in Mumbai transferred a fraud case against Nirav Modi to a magistrate's court. The CBI stated that corruption charges a...- Banks to be told to step up FCNR (B) depositsBanks will now encourage more foreign currency deposits. The Reserve Bank of India will cover all hedging costs for these deposits. This mo...
- The safe keepers: Inside India's booming locker economyIndia’s locker economy is booming amid rising gold prices and household wealth. While banks remain the preferred repository, private vault ...
- Bernstein says Aadhar Housing, Home First, other housing stocks can rally up to 34%. Here are 3 reasons whyBernstein sees a significant rally potential of up to 34% in affordable housing finance stocks like Home First Finance and Aptus Value Hous...
- Indian banks avoid fresh Gulf bets as Iran crisis drags onIndian banks are pausing new business in Gulf countries amid the Iran crisis. Lenders are closely watching existing ties to avoid financial...
- Indian banks activate BCPs, shift West Asia staff to India amid Iran-US conflictIndian banks are taking steps to ensure the safety of their staff in West Asia. Some banks have already moved operations to India to manage...
- PNB Housing Finance targets 18–20% loan growth, bets on affordable segmentPNB Housing Finance anticipates strong loan portfolio expansion of 18-20 percent this fiscal year. The company aims to reach a significant ...
- PNB joins hands with Kiwi to expand credit on UPI for 180 million customersState-owned Punjab National Bank has partnered with Kiwi to launch the RuPay-based PNB Kiwi Credit Card. It offers digital onboarding, UPI ...
- Is it worth taking a fresh look at the housing finance sector? 6 housing finance stocks with upside potential of up to 18%Housing finance is one of those sectors where the macro picture is always attractive, but not so much the micro reality. At the level of th...
- PNB Housing Finance gives 18-20% growth guidance in FY27PNB Housing Finance has guided for 18–20% loan growth this fiscal, up from 15% in FY26, and expects no impact on housing demand from the We...
- Different ways to hotlist, block PNB debit cardDifferent ways to hotlist, block PNB debit card
- PNB asks customers to update KYC by August 31, 2023: How to check KYC statusCustomers whose accounts have been due for KYC updates have received two notices at their registered addresses and SMS notifications on the...
- All branches of Oriental Bank of Commerce, United Bank of India start functioning as PNB branchesState-owned Punjab National bank on Wednesday said all nation-wide branches of United Bank of India and Oriental Bank of Commerce has start...
- No plans to close operations at Brady House branch in Mumbai: PNBPNB's Brady House branch in Mumbai had fraudulently issued LoUs for the group of companies belonging to Nirav Modi since March 2011.
- Another fraud unearthed at PNB branch that Nirav Modi made famousThe new alleged fraud of around Rs 9 crore involves officials of a little-known company called Chandri Paper and Allied Products Pvt Ltd.
- PNB fraud: As Gokulnath Shetty goes to jail, CBI seeks to re-arrest him in another FIRThe investigating agency will arrest him again in a second FIR related to Mehul Choksi-promoted Gitanjali Gems.
- How PNB Rs 11,300 crore scam exposes the biggest flaws in the Indian banking systemWhile international banks tightened supervision and corp governance after the credit crisis in 2008, most Indian banks appear to have remai...
- How PNB was defrauded: The great bank heistSunil Mehta, MD and CEO of PNB, outlined the liabilities in a recent letter to finmin. The total amount of LoUs is worth Rs 9,539.3 crore.
- Scam exposes management lapses at PNB, say expertsWhile international banks tightened supervision and corporate governance after the subprime credit crisis in 2008, most Indian banks appear...
- Other banks need to own up, says PNB in a veiled threat"PNB appears to be avoiding taking the entire responsibility for the scam"
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