PNB

Patanjali Acquires Ruchi Soya For Rs 4350 Crore Since months of ups and downs, the NCLT has finally okayed the Baba Ramdev-led Patanjali Ayurved's bid to take over edible oil player Ruchi Soya. This could help Ramdev save his sinking…

PNB Admits Scam of Rs. 3800 Crore The Punjab National Bank has had a massive stroke of bad luck, and the streak doesn't look like it will stop anytime soon. Yet again, the bank has found itself the victim of a huge fraud, of an amount…

There have been over 50,000 bank fraud cases hitting the Indian banks in the last 11 fiscal years. Right from big PSBs to small ones, private banks even international banks with their branches in India, these financial institutions…

RTGS rule changed Reserve Bank of India has introduced some sweeping changes to the RTGS or Real-time gross settlement transactions. A premium fee of Rs 5 has been introduced, even as the time period for RTGS has been extended. …

We recently brought you news about the first Public Sector Bank (PSB) consolidation of Vijaya Bank and Dena Bank with Bank of Baroda, effective on April 1, 2019, anticipating that there will allegedly be more mergers this year.…

Punjab National Bank can be merged with smaller banks With 144,952 branches of 159 scheduled commercial banks catering to the needs of about 1.3 billion people, the Indian banking system is one of the largest in the world. With the…

In a surprise turn of events, Indian Govt. had asked banks to rescue Jet Airways, which is on the brink of fatal collapse. An urgent meeting was called, and it seems that Govt. just doesn’t want Jet Airways to close down. What is the…

Between April 2016 and March 2017, Indian banks reported a total of 12,533 cases of frauds, all across the country. These findings were shared by  Institutional Investor Advisory Services, which is a proxy advisory firm. The total loss…

The Central Bureau of Investigation has exposed yet another bank fraud worth Rs 824.15 crores against the Chennai-based jewellery chain Kanishk Gold Pvt Ltd. after State Bank of India (SBI) filed a complaint against Kanishk Gold of cheating…