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Total 25 results found. Search for [ PNB CEO Sunil Mehta ]

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BusinessToday.In
New Delhi, July 27, 2018
Bank unions are, however, not in favour of the performance-based salary structure. \"The demand of the trade unions has been one rank, one pay,\" AIBOC said.


BusinessToday.In
July 6, 2018
The Inter-Creditor Agreement (ICA) framework, which envisages effective communication among lenders and lays down some ground rules for multiple-banking arrangements and consortium lending.


BusinessToday.In
New Delhi, July 5, 2018
Punjab National Bank CEO Sunil Mehta-led panel's 5-point formula to resolve NPAs in the banking system has come up with some outrageous recommendations that are largely aimed at deferring the inevitable, rather than resolving the NPA mess. The panel comprised only PSU bankers. SBI Chairman Rajnish Kumar and Bank of Baroda's BS Jayakumar are the other members of the panel. Watch BusinessToday.In Editor Rajeev Dubey talk about Mehta Panel's 5-point strategy to deal with NPAs.


Rajeev Dubey
New Delhi, July 4, 2018
The recommendations submitted by the committee are truly uni-dimensional as the panel only looks at the bankers' perspective, which is hardly surprising considering it comprised only PSU bankers.


BusinessToday.In
New Delhi, June 20, 2018
The probe report, along with dozens of pages of annexed bank records and internal e-mails, was presented by PNB officials to the bank's fraud risk management arm on April 5.


PTI
June 4, 2018



BusinessToday.In
May 21, 2018
With this move, Moody's has become the second rating agency to downgrade the PNB. Last month, Fitch Ratings on Wednesday downgraded the viability rating of scam-hit Punjab National Bank from BB to BB-. The move was based on similar concerns - negative impact on bank's financials.


Reuters
April 12, 2018
PNB disclosed in February that companies owned by two jewellers defrauded it by raising credit from overseas branches of other Indian banks, using illegal guarantees issued by rogue staff at a Mumbai PNB branch over several years.


BusinessToday.In
April 9, 2018
The report referred to a data from Clearing Corp of India which showed that on March 28, dollar purchases reached as high as USD 122 billion as opposed to USD 20-30 billion a day.


BusinessToday.In
April 5, 2018
The PNB chief may have laid down his plans to deal with the losses, but investigating agencies are still struggling to get scamsters Nirav Modi and Mehul Choksi - duo who cheated the bank of Rs 13,000 crore - bank to India to recover the looted money.


PTI
March 20, 2018



Sahil Joshi
Mumbai, March 15, 2018
The ED has already issued Letter Rogatory (LR) - a request sent to a foreign court for judicial assistance - to 13 countries, including Hong Kong and UAE, to seek their cooperation in the investigation. 


BusinessToday.in
March 13, 2018
Among the banks which have exposure to mega PNB fraud are: SBI, UCO Bank, Allahabad Bank, Union Bank of India and Bank of Baroda. UCO Bank has the highest exposure of about Rs 2,635 crore followed by Allahabad Bank which has an exposure of Rs 2,400 crore.


PTI
March 7, 2018



BusinessToday.in
New Delhi, March 7, 2018
Nirav Modi's Firestar Diamond moves Delhi High CourtNirav Modi's firm Firestar Diamond has moved the Delhi High Court against the money laundering case lodged by the Enforcement Directorate (ED) in connection with the ongoing Punjab National Bank (PNB) fraud case. Firestar Diamond International Private Ltd, which is named as one of the accused in the case, has sought a direction to the Ministry of Finance and the Directorate of Enforcement to supply it several documents, includi...


BusinessToday.in
March 7, 2018
As part of the investigation, the SFIO has issued summons to heads of over 30 banks that have exposure to companies of diamond traders Nirav Modi and Mehul Choksi.


PTI
March 6, 2018



BusinessToday.in
March 6, 2018
ICICI Bank led the 31-bank consortium that extended credit to the tune of Rs 5280 crore to Mehul Choksi's Gitanjali Group.


BusinessToday.in
March 1, 2018
Facing criticism from opposition for not being able to stop the PNB fraud accused Nirav Modi from escaping the country, the Cabinet on Thursday approved the Fugitive Economic Offenders Bill.


BusinessToday.in
March 1, 2018
Last month, the ED lodged a money laundering case against Mehul Choksi on the basis of an FIR registered by the CBI. It was alleged that Mehul Choksi and others committed the offence of cheating against PNB in connivance with certain bank officials by fraudulently getting the Letters of Credit.


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