Public sector banks are not out of the woods yet

'The snakes and ladders game will continue till the consolidation process is complete simply because we don't know how bad the scene is with some of the banks being merged,' says Tamal......

New 'secrets' emerge in PNB scam

FinMin finally sacked executive directors K V Brahmaji Rao and Sanjiv Sharan on January 18. The bank’s board, however, had felt they had no criminal intent and it was a case of ‘casual......

Honoured all LoUs during 2011-16: PNB to FinMin

The bank also issued 234 LoUs worth Rs 1,880 crore to another group of companies promoted by Mehul Choksi in 2015 and 2016 Punjab National Bank (PNB) honoured all letters of undertaking (LoUs)......

PNB may be allowed to spread fraud losses over 4 quarters

With the entire fraud amount becoming a non-performing asset, around 25 per cent of the bank’s estimated net worth of Rs 40,000 crore could be affected. The Reserve Bank of India (RBI) had......