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Two PNB Executive Directors sacked for failure to stop Nirav Modi fraud

The government has removed K V Brahmaji Rao and Sanjiv Sharan from the office of Executive Director (ED) of PNB with immediate effect in relation to the Rs 14,000 crore PNB scam.

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 deal will also help Bandhan Bank's main shareholder, Bandhan Financial Holdings Ltd, reduce its stake in the lender to just above 60 percent.
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.
ICICI Bank is currently offering the highest interest rates among these banks on tenors ranging from 27 months to 3 years.

Anup Kumar Sinha and Santanu Mukherjee were both appointed as Additional Directors (Independent) of Bandhan Bank as well.