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PNB not received any instruction from Govt to pay for Fraud Liabilities
Share Department, Finance Division, HO Plot No. 4 Sector 10, Dwarka, New Delhi-110075 Tel Nos : 011-28044866 E-mail : hosd@pnb.co.in Script Code : PNB Script Code : 532461 The Asst. Vice President Nat...
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Let PNB fraud not halt business lending: ASSOCHAM
New Delhi, 24th February 2018: ASSOCHAM today cautioned against allowing the alleged fraud in the Punjab National Bank (PNB) to halt the entire system of corporate lending as demoralisation would set...
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PNB Scam: Stop Blame Game- Let RBI & Finance Ministry Own Responsibility
ALL INDIA BANK OFFICERS’ CONFEDERATION(Registered under the Trade Unions Act 1926, Registration No. :3427/Delhi)State Bank of India Officers’ Association04th Floor, SBI Administrative Unit, No. 86, Ra...
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ICAI issued Show Cause Notices to Auditors of PNB & Gitanjali Gems
PNB Matter-Action taken by ICAIThe Institute of Chartered Accountants of India (ICAI) is a statutory body established under the Chartered Accountants Act, 1949 for regulating the profession of Charter...
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PNB clarifies on Nirav Modi Statement on making Fraud Public
PNB clarifies on Nirav Modi Statement on making Fraud PubliPunjab national bankShare Department, Finance Division, HO Plot No. 4 Sector 10, Dwarka, New Delhi-110075Tel Nos : 011-28044866 E-mail : hosd...
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Have enough assets to meet any liability decided by law: PNB
Punjab National BankFinance Division, Share Department,HO, Plot 4 Sector 10, Dwarka, New Delhi -75 hosd@pnb.co.inScript Code: PNBScript Code: 532461The Asstt. Vice PresidentNational Stock Exchange of...
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No Instruction from Govt for Forensic Audit: PNB Bank
No.4 Sector 10, Dwarka, New Delhi-110075 Tel Nos 011-28044866 E-mail : hosd@pnb.co.inScript Code : PNBScript Code : 532461The Asstt. Vice PresidentNational Stock Exchange of India Limited“Exchange Pla...
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Cyber attack on City Union Bank’s SWIFT System: Loses $2 million, retrieves half
PRESS RELEASE BY CITY UNION BANKCYBER ATTACK ON CITY UNION BANK’s SWIFT SYSTEM With reference to the news item appeared in the section of the Press on 17.02.2018 & 18.02.2018 on cyber attack on our Ba...
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PNB Scam a trigger for Govt to Cut stake in banks: ASSOCHAM
Cut Govt stake in banks below 50%: ASSOCHAMThe Punjab National Bank’s fraudulent transactions worth Rs 11,300 crore should act as a strong trigger for the government for reducing its stake to less tha...
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Report estimating hit of $3 bn due to alleged fraud at PNB is false: FM
Union Finance Minister Arun Jaitley Clarified on his Twitter handle that ” News appearing in certain section of media that Tax Department has estimated that Indian banks could take a hit of more than...
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News of discontinuation of free services by Banks is fake: IBA
Indian Banks Association clarified that some segment of social media based on misinformed communication and spreading false information that all free services of public sector banks will be ceased by...
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Minutes of Monetary Policy Committee Meeting December 5-6, 2017
[Under Section 45ZL of the Reserve Bank of India Act, 1934] The eighth meeting of the Monetary Policy Committee (MPC), constituted under section 45ZB of the amended Reserve Bank of India Act, 1934, wa...
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Remove clause in FRDA Bill that has created panic among bank depositors: ASSOCHAM to Govt
New Delhi, December 14, 2017: Government’s assurance that depositors’ interest in case of a bank going down under would be fully protected should be clearly and unambiguously spelt out in the Financia...
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Bank notes with writing or ink mark continue to be legal tender: RBI in RTI Reply
Question asked in RTIIs there any circular from the Note Issue Department of RBI regarding the disqualification of small denomination coins as legal tender.If anything is written by pen or any ink mar...
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Investments by NRIs as FDI and in stock changes
Non-Resident Indians (NRIs) can invest in India as per the following regulation of Foreign Exchange Management (Transfer or issue of Security by a person resident outside India) Regulations, 2000 date...
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List of 53 persons, who are absconding, under PMLA, 2002
Persons Prosecuted Under Prevention of Money Laundering ActAs per information received from the Directorate of Enforcement, New Delhi, the prosecution complaint has been filed against 53 persons, who...
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RBI Committee to refer accounts for resolution under IBC 2016
Reserve Bank of India (RBI) has constituted an Internal Advisory Committee (IAC), which arrived at an objective, non-discretionary criterion for referring accounts for resolution under Insolvency and...
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Features of Sovereign Gold Bond Scheme 2017-18– Series II
Government of India in consultation with RBI decides to issue Sovereign Gold Bond Scheme 2017-18– Series II; Applications for the bond will be accepted from July 10, 2017 to July 14, 2017; The Bonds w...
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RBI Second Bi-monthly Monetary Policy Statement, 2017- 18
Second Bi-monthly Monetary Policy Statement, 2017- 18 Resolution of the Monetary Policy Committee (MPC), Reserve Bank of IndiaOn the basis of an assessment of the current and evolving macroeconomic si...
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Have new NPA norms for Wholesale Long Term Finance Bank: ASSOCHAM to RBI
ASSOCHAM has approached the RBI with a plea that the provisioning criteria for the non-performing assets (NPAs) in the case of proposed Wholesale Long- Term Finance (WLTF) banks should be based on str...