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... 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. 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. read more

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. read more

In a major development, the government on Friday announced merger of Oriental Bank of Commerce and United Bank with Punjab National Bank. read more

Diamantaire objected to ED proceedings under Fugitive Economic Offenders Act stating Mehul Choksi is diabetic, has brain clot . read more

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PNB fraud accused Gokulnath Shetty opposed CBI’s plea for his polygraph and narco-analysis test in order to find out about alleged pecuniary benefits received by him in return for fraudulent approvals. read more

Nehal Modi is accused of money laundering and destruction of evidence. read more

The ED’s counsel, advocate Hiten Venegaonkar along with Kavita Patil, said that this showed Modi’s intention to not return to India and face prosecution. read more

Shetty was arrested by the CBI in March 2018, and a month later, his custody was obtained by the Enforcement Directorate (ED). read more

The CBI moved plea for polygraph test and narco analysis test of former deputy manager of Punjab National Bank Gokulnath Shetty arrested in connection with a fraud case. read more

Allahabad Bank said in a statement that it had told the Reserve Bank of India (RBI) that it had identified a fraud worth $259 million in Bhushan’s accounts. read more