Tag: PNB

PNB puts up for sale 11 NPA accounts to recover dues of Rs 1,234 cr

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New Delhi, Sep 8: State-owned Punjab National Bank (PNB) has put up for sale nearly a dozen non-performing assets (NPA) to recover dues of more than Rs 1,234 crore. The lender has invited bids from asset reconstruction companies (ARCs)/ NBFCs/ banks/ financial institutions for 11 NPA accounts. The accounts […]

PNB says detects 38 billion rupee fraud

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MUMBAI – The Punjab National Bank (PNB) on Saturday said it had reported a borrowing fraud of 38.05 billion Indian rupees ($556 million) in Bhushan Power & Steel Ltd’s account to the Reserve Bank of India (RBI). The fraud, “alleging diversion of funds from the banking system” was […]

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