The tribunal said that the PNB is a public sector bank and the banks are in crisis and no attempt should be made to block loan amount so as to avoid worsening of positions in the commercial market.

The S&P BSE Sensex and Nifty50 could just wrap up the year with 4 per cent and 1 per cent gains, respectively.

Over the past six months, it had become apparent that the quiet Patel was increasingly at loggerheads with the Finance Ministry and, unexpectedly, he was sticking to his guns and refusing to be cowed by the Finance Ministry.

These 24 dud loan accounts are majorly concentrated in Mumbai, Delhi and Kolkata zones of the bank. Two accounts belong to Chandigarh and Bhopal zones while one is of Patna zone.

The ED said Nirav Modi's claims of security threats are irrelevant to the case and he should have filed a police complaint if he had any concerns towards his security in India.

Higher provisioning towards bad loans had impacted the balance sheets of these PSU lenders. As per the financial results posted by them, the biggest loss was posted by scam-hit Punjab National Bank.

PNB Housing Finance posted a jump of 33% in consolidated net profit at Rs 252.99 crore in the second quarter ended September 2018