Company Overview and News

 
Indian banks to sell Vijay Mallya#39;s cars #39;shortly#39; in UK

2018-10-19 moneycontrol
A UK High Enforcement Officer is set to sell a fleet of Vijay Mallya's cars in the UK as part of efforts to recover loan repayment dues owed by the beleaguered liquor baron to a consortium of 13 Indian banks, the banks' legal representative confirmed on October 19.
IOB 500116 500469 UDBKL IDBI UBLS FDBAY 532505 FEDA 532179 532388 PNJZY 532461 CRPKY UBLA FEDS PNB CORPBANK UCOBANK FEDERALBNK SBAZ

 
Opinion | CVC analysis shows lending habits to blame for most bank frauds

2018-10-19 moneycontrol
If there is one single theme that dominates the Central Vigilance Commission (CVC) analysis of the top 100 bank frauds in India, it is the lax credit culture at banks, especially state-owned lenders.
PNJZY 532461 PNB

 
Antigua and Barbuda ‘examining’ Mehul Choksi’s extradition request, says MEA

2018-10-19 financialexpress
The request for extradition of fugitive diamantaire Mehul Choksi is being “examined” by Antigua and Barbuda, the Ministry of External Affairs said Thursday. Answering a question on Choksi, MEA Spokesperson Raveesh Kumar at a briefing said, “According to the information that I have, the extradition request by the CBI (Central Bureau of Investigation) and the ED (Enforcement Directorate), is being examined by them (Antigua and Barbuda authorities) and after they have examined it, they have said they will convey their response to India.
PNJZY 532461 PNB

 
Its advantage JSW in a three-cornered fight for Bhushan Power and Steel

2018-10-18 financialexpress
Lenders to the bankrupt Bhushan Power and Steel are understood to have backed the revised offer of Sajjan Jindal-led JSW Steel, which means that rival Tata Steel and UK’s Liberty House have lost out in the race to acquire the firm.
ESL AMKD 500228 BHUSANSTL 532727 AMTEKAUTO 533264 JSWSTEEL 500470 TTST PNJZY TATASTEEL 532461 TATLY ADHUNIK PNB 520077 500055

 
ED attaches Nirav Modi, Choksi’s assets worth Rs 218 crore

2018-10-17 freepressjournal.in
New Delhi: The Enforcement Directorate on Wednesday said it has attached assets in India and abroad worth Rs 218 crore belonging to fugitive diamond merchants Nirav Modi and his maternal uncle Mehul Choksi. The duo, who have fled the country, are accused of defrauding state-run Punjab National Bank of Rs 13,500 crore.
PNJZY 532461 PNB

 
GNA Axles: Focus on fund-raising

2018-10-17 thehindubusinessline
The legal, banking and finance committee of the board of directors GNA Axles has approved availing fresh term loan amounting to ₹60 crore from Central Bank of India for purchase of machinery. In September, the board had approved a proposal to enhance the working capital facilities to ₹120 crore from ₹100 crore from Punjab National Bank. Shareholders and investors will closely monitor the fund-raising and execution by GNA Axles.
PNJZY 532461 PNB

 
Big trouble for Mehul Choksi! ED attaches over Rs 218-crore assets of Nirav Modi’s uncle, others in PNB scam

2018-10-17 financialexpress
The Enforcement Directorate (ED) Wednesday seized assets worth over Rs 218 crore in the nearly Rs 13,000 crore loan fraud case probe, officials said. They said three provisional orders under the Prevention of Money Laundering Act (PMLA) were issued by the central investigative agency’s zonal office in Mumbai for attachment of the properties in India and abroad.
PNJZY 532461 PNB

 
ED attaches Nirav Modi, Mehul Choksi’s assets worth Rs 218 crore

2018-10-17 financialexpress
The Enforcement Directorate on Wednesday said it has attached assets in India and abroad worth Rs 218 crore belonging to fugitive diamond merchants Nirav Modi and his maternal uncle Mehul Choksi. The duo, who have fled the country, are accused of defrauding state-run Punjab National Bank of Rs 13,500 crore. A senior official of the agency said: “A villa at a foreign location worth Rs 27 crore belonging to Choksi has been attached.
PNJZY 532461 PNB

 
Vinay Mittal, wanted in 7 bank frauds of worth Rs 40 crore, extradited from Indonesia

2018-10-16 freepressjournal.in
New Delhi: Absconding industrialist Vinay Mittal, wanted in seven bank fraud cases worth Rs 40 crore, has been extradited to India from Indonesia, officials said Tuesday. His name had figured in the list of prominent fugitive economic offenders of the Government which contained names of Vijay Mallya, Nitin Sandesara, Nirav Modi, Mehul Choksi, Jatin Mehta among others.
532179 PNJZY 532461 CRPKY PNB CORPBANK

1
Vinay Mittal extradited from Indonesia

2018-10-16 thehindubusinessline - 1
Absconding industrialist Vinay Mittal, wanted in seven bank fraud cases worth Rs 40 crore, has been extradited to India from Indonesia, CBI officials said Tuesday.
532179 PNJZY 532461 CRPKY PNB CORPBANK

 
Punjab National Bank - Updates

2018-10-16 nseindia
The information displayed herein is uploaded by the concerned Company. The said uploaded information is displayed without any verification of adequacy, accuracy and veracity. The Exchange in discharge of its role of dissemination of uploaded information on this website immediately on its receipt. The Company shall be solely responsible and liable for any omission, commission, errors and misrepresentations in the contents of the Information.
PNJZY 532461 PNB

 
Punjab National Bank - Updates

2018-10-16 nseindia
The information displayed herein is uploaded by the concerned Company. The said uploaded information is displayed without any verification of adequacy, accuracy and veracity. The Exchange in discharge of its role of dissemination of uploaded information on this website immediately on its receipt. The Company shall be solely responsible and liable for any omission, commission, errors and misrepresentations in the contents of the Information.
PNJZY 532461 PNB

 
Punjab National Bank to sell non-core assets worth Rs 8000 crore

2018-10-16 freepressjournal.in
New Delhi: Punjab National Bank (PNB), the country’s second largest public sector lender, has identified various assets, including its housing finance arm, for sale and hopes to realise Rs 8,600 crore from these non-core assets during the current fiscal. The bank has already sold some of the fixed assets and have realised Rs 400 crore from these assets.
PNJZY 532461 PNB

 
PNB plans to sell non-core assets of over Rs 8,000 cr this fiscal

2018-10-15 moneycontrol
The country's second largest public sector lender Punjab National Bank (PNB) has identified various assets, including its housing finance arm, for sale and hopes to realise Rs 8,600 crore from these non-core assets during the current fiscal.
PNJZY 532461 PNB

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