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PNB says fresh NPAs are coming down; bank strengthening internal mechanism

The bank has already provisioned close to Rs 14,000 crore towards fugitive diamantaire Nirav Modi's alleged fraud on its books and all recoveries will only add to its profit, says a top PNB official.

The CBI alleges that after Kochhar took charge, ICICI Bank sanctioned six loans totalling Rs 1,875 crore to various Videocon companies, most of which have gone bad.
PNB fraud: Mehul Choksi gave up his passport at the Indian High Commission in Antigua. He also deposited an amount of USD 177.
After allotment of the shares, SBI shareholding in SPSPL will become 74 per cent from existing 100 per cent, the bank said in a statement.
Total income of the lender, however, improved to Rs 1,921.93 crore during the quarter under review, as against Rs 1,735.77 crore in the year-ago period.
According to the circular, the entities need to formulate a cybersecurity and cyber resilience policy document adhering to the required framework.
The bonds will be issued through SBI's London branch on January 24 and shall be listed on Singapore Stock Exchange and India International Exchange, GIFT City.
With the introduction of EMV chip cards, the ATMs have been upgraded too in order to make use of the upgraded security features of new debit cards.
Jalan, who was the RBI's governor between 1997 to 2003, declined to comment on his committee's recommendations.