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India gets ready for NextGen Banks as Centre merges banks to create mega units

  The government on Friday announced the mega-merger of 10 PSU banks into four, where the Punjab National Bank, the Oriental Bank of Commerce and the United Bank to merge become the second-largest PSB while the Canara Bank and the Syndicate Bank will amalgamate to make the fourth-largest PSU bank entity.

Aug 30, 2019, 23:32 PM IST

DNA: Non Stop News, August 30, 2019

This segment of DNA brings to you important stories of the day. Watch this video for more info.

Aug 30, 2019, 21:54 PM IST

Modi govt's mega banking reform: 10 Public Sector Banks to be merged into 4 entities

Punjab National Bank will become the second largest PSB in India with a total business of Rs 17.5 lakh crore post the merger while that of the Canara Bank and Syndicate Bank will be Rs 15.20 lakh crore.

Aug 30, 2019, 18:05 PM IST

PNB reports surprise profit of Rs 1,019 crore for June quarter

Gross NPAs increased to 16.49 percent against 15.5 percent in the previous quarter. In Q1 FY19, the figure stood at 18.26 percent.

Jul 26, 2019, 15:07 PM IST

Sandesara group scam much bigger than PNB scam, claims ED

Sandesara group scam much bigger than PNB scam, claims ED. To know more watch the video

Jun 29, 2019, 16:34 PM IST

ZeeNews wrap of top stories this hour, 29th June 2019

ZeeNews wrap of top stories this hour, 29th June 2019

Jun 29, 2019, 16:02 PM IST

PNB's recovery of bad loans doubled to Rs 20,000 cr in FY19

The bank suffered losses allegedly after jewellers Nirav Modi, Mehul Choksi and some bank employees collided to defraud PNB of about Rs 1,000 crore. The scam was unearthed in February 2018.

Jun 20, 2019, 10:33 AM IST

Ind-Ra downgrades PNB's Rs 67.5-billion AT1 bonds

However, the rating agency has affirmed the bank's overall long-term issuer rating at AA+ and the short-term issuer rating at A1+.

Jun 19, 2019, 10:49 AM IST

High security cell kept ready in Mumbai prison for Nirav Modi

Modi was arrested by Scotland Yard officers in London on March 19 and faces extradition to India as the "principal beneficiary" of the fraudulent issuance of letters of undertaking (LoUs) as part of a conspiracy to defraud the Punjab National Bank (PNB) and then laundering the money.

Jun 11, 2019, 17:56 PM IST

PNB narrows Q4 loss to Rs 4,750 crore

The scam-hit lender had posted a staggering loss of Rs 13,417 crore during the corresponding January-March period of 2017-18.

May 28, 2019, 13:18 PM IST

UK court rejects Nirav Modi's bail application for the fourth time

UK's Westminster Court on Wednesday rejected yet another bail application filed by lawyers of Nirav Modi for the release of the fugitive diamond merchant.

May 08, 2019, 21:43 PM IST

UK court rejects Nirav Modi's bail application

A UK court on Friday rejected the bail application of fugitive diamond merchant Nirav Modi who will now remain in custody till May 24.

Apr 26, 2019, 15:30 PM IST

Deshhit: Know top 20 desh hit news of today

This segment of Zee News brings top 20 news stories of the day. Watch top 20 big stories with details.

Mar 29, 2019, 21:04 PM IST

Five PSU lenders get capital infusion of Rs 21,428 cr from govt

Earlier, the bank raised Rs 261 crore to its share capital in January under Employee Stock Purchase Scheme (ESPS) in which as much as 92 percent of the employees participated which resulted into over-subscription of bank stock.

Mar 29, 2019, 12:04 PM IST

Decision on funding to Jet Airways to be on collective basis, says PNB

In a filing to exchanges, Jet Airways had earlier clarified it has not received any fresh loan from PNB.

Mar 14, 2019, 16:50 PM IST

Jet Airways secures $293 million loan from PNB: Report

Jet said last week another three aircraft had been grounded due to its failure to make payments, taking the total number to 28, but it has not specified the lessors involved.

Mar 11, 2019, 10:12 AM IST

PNB cuts MCLR rates by 10 bps from March 1

The three-year MCLR has been cut to 8.65 percent.

Feb 28, 2019, 13:10 PM IST

PNB 'scam' blown out of proportion, haven't done anything wrong: Nirav Modi tells court

Nirav Modi was responding to the Enforcement Directorate's application in the PMLA court to declare him a fugitive offender under new Fugitive Economic Offenders Act.

Jan 05, 2019, 12:17 PM IST

Govt to infuse Rs 42,000 cr in PSU banks by March; next tranche likely in December

The government earlier this year pumped Rs 11,336 crore in five PSBs -- PNB, Allahabad Bank, Indian Overseas Bank, Andhra Bank and Corporation Bank -- to improve their financial health.

Nov 27, 2018, 10:49 AM IST