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

Earlier this month, PNB Housing Finance had raised Rs 1,775 crore taking the total amount raised via CPs this month to Rs 4,225 crore. The CPs were placed with various mutual funds and banks.

PSU lender Punjab National Bank on Tuesday said it has hiked the benckmark lending rate by 5 basis points across tenors from November 1 that will make retail loans costlier for costumers.

The real blame game began with the $2 billion PNB-Nirav Modi scam when the RBI was blamed for being a sleepy regulator while the fugitive perpetrated the fraud for 7 long years under its nose.

US says it could remove India from currency monitoring listThe US could remove India from its currency monitoring list of major trading partners, the Treasury Department has said, citing certain developments and steps being taken by New Delhi which address some of its major concerns. India for the first time was placed by the US in its currency monitoring list of countries with potentially questionable foreign exchange policies in April along with five other countries - China, Germany, Japan,...

The beneficiaries of these assets put under attachment, they said, are absconding diamond jeweller Mehul Choksi, Mihir Bhansali, a close aide and US-based executive of main accused, Nirav Modi.

Sensing a big opportunity, Jhunjhunwala bought the distressed stock to raise his holding to 1 crore shares for the quarter ending September compared to 86,65,264 shares in the previous quarter.

The ED had registered a money laundering case against Sterling Biotech and its promoters, the Sandesara brothers, last October, taking cognisance of a CBI FIR on charges of alleged corruption.

The Dewan Housing Finance stock rose up to 24.80% or 87 points to 438.75 level in early morning trade. On Friday, the stock went into a tailspin, nosediving 42.43 per cent to end at Rs 351.55 on the BSE.