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The court last week declared Nirav Modi a fugitive economic offender under a special law. It will now begin the process of confiscation of his properties.

PNB seeks control over properties of Nirav Modi to recover bank dues

Jan 10, 2020 23:50

The court last week declared Nirav Modi a fugitive economic offender under a special law. It will now begin the process of confiscation of his properties. read more

The PNB (International) lost again in the high court on Tuesday when chancellor Geoffrey Vos refused its appeal against a January ruling.

PNB faces another setback in UK court

Dec 17, 2019 22:33

The PNB (International) lost again in the high court on Tuesday when chancellor Geoffrey Vos refused its appeal against a January ruling. read more

Nirav Modi was arrested in London in March this year and is presently at the Wandsworth Prison fighting extradition to India on charges of fraud and money laundering in the nearly $2 billion Punjab National Bank (PNB).

Nirav Modi declared fugitive economic offender, hearing on confiscation of properties on Dec 10

Dec 05, 2019 12:52

Nirav Modi was arrested in London in March this year and is presently at the Wandsworth Prison fighting extradition to India on charges of fraud and money laundering in the nearly $2 billion Punjab National Bank (PNB). read more

Nirav Modi had moved yet another bail application last month with an “unprecedented” house arrest guarantee, akin to those imposed on terrorist suspects, as well as citing mental health issues from being behind bars at Wandsworth Prison in south-west...

Nirav Modi to appear via videolink at UK court

Dec 04, 2019 14:27

Nirav Modi had moved yet another bail application last month with an “unprecedented” house arrest guarantee, akin to those imposed on terrorist suspects, as well as citing mental health issues from being behind bars at Wandsworth Prison in south-west... read more

Nirav Modi has been behind bars at Wandsworth prison since his arrest on March 19 on an extradition warrant executed by Scotland Yard on charges brought by the Indian government.

At UK court, Nirav Modi says will kill himself if extradited to India

Nov 07, 2019 09:47

Nirav Modi has been behind bars at Wandsworth prison since his arrest on March 19 on an extradition warrant executed by Scotland Yard on charges brought by the Indian government. read more

Radhakrishnan was nabbed on Monday, within days of the arrest of three men in the multi-crore heist at Lalithaa Jewellery showroom in Trichy on October 2.

Arrests in Lalithaa Jewellery heist helped in cracking PNB robbery: Tamil Nadu police

Oct 15, 2019 09:34

Radhakrishnan was nabbed on Monday, within days of the arrest of three men in the multi-crore heist at Lalithaa Jewellery showroom in Trichy on October 2. read more

Clad in a burqa, he was seen loitering around between PNB trisection and Shehnai Guest House by a group of youths on Sunday morning, said Dheeraj Kumar Shukla, inspector of Vikas Nagar police station.

‘Burqa clad’ youth in Lucknow thrashed on suspicion of being child lifter

Sep 15, 2019 21:40

Clad in a burqa, he was seen loitering around between PNB trisection and Shehnai Guest House by a group of youths on Sunday morning, said Dheeraj Kumar Shukla, inspector of Vikas Nagar police station. read more

Gokulnath Shetty, former deputy manager of PNB, claimed the prosecution is not seeking these tests for investigation related to the Letters of Understanding (LOU), and as per records, the agency has so far only probed around six LOUs, while the probe...

PNB fraud: Court denies CBI nod for Gokulnath Shetty’s narco test

Sep 03, 2019 22:34

Gokulnath Shetty, former deputy manager of PNB, claimed the prosecution is not seeking these tests for investigation related to the Letters of Understanding (LOU), and as per records, the agency has so far only probed around six LOUs, while the probe... read more

Nifty PSU bank droppped by 3.76 per cent, four days after finance minister Nirmala Sitharaman unveiled a mega-plan to merge 10 of public sector banks into 4 with countrywide networks and global reach.

PSU Bank index falls 3.7 pc after merger plan, PNB and Canara Bank stocks dip 7 pc

Sep 03, 2019 14:37

Nifty PSU bank droppped by 3.76 per cent, four days after finance minister Nirmala Sitharaman unveiled a mega-plan to merge 10 of public sector banks into 4 with countrywide networks and global reach. read more

It comes against the backdrop of the government’s announcement on August 30 about merging 10 public sector banks into four entities, as part of which PNB will merge Oriental Bank of Commerce (OBC) and United Bank of India (UBI) with itself.

PNB to consider Rs 18,000-crore capital infusion this week

Sep 03, 2019 10:59

It comes against the backdrop of the government’s announcement on August 30 about merging 10 public sector banks into four entities, as part of which PNB will merge Oriental Bank of Commerce (OBC) and United Bank of India (UBI) with itself. read more

Currently, there are 18 public sector lenders, compared to 27 in 2017. There will be only 12 after the mergers.

10 PSU banks merged into 4 to reform sector

Aug 30, 2019 23:39

Currently, there are 18 public sector lenders, compared to 27 in 2017. There will be only 12 after the mergers. read more

The mergers are a continuance of the government’s attempt to consolidate the public sector banks. One of the announcements made by Finance Minister Nirmala Sitharaman on Friday was the merger of Indian Bank with Allahabad Bank.

What will change, what won’t for account holders as 10 PSU banks are merged into 4

Aug 30, 2019 17:43

The mergers are a continuance of the government’s attempt to consolidate the public sector banks. One of the announcements made by Finance Minister Nirmala Sitharaman on Friday was the merger of Indian Bank with Allahabad Bank. read more