Wilful defaulters borrowing Rs 25 lakh and above owed more than Rs 15,490 crore to PNB as of May end, up 2 per cent from the preceding month.
Fitch Ratings today downgraded viability rating of fraud-hit Punjab National Bank, citing significant deterioration in its credit profile and oversight gaps.
The scrip of Bank of India soared 5.31 per cent, Punjab National Bank 4.62 per cent, Union Bank of India 4.38 per cent and Bank of Maharashtra 3.03 per cent.
CBI likely to approach Interpol for red corner notice against Nirav Modi, Mehul Choksi
PNB saw wilful defaults by big borrowers slipping further to Rs 15,199.57 crore in April this year over the previous month.
Bombay High Court declared the arrest of Kavita Mankikar, an accused in the Punjab National Bank scam, as illegal, as she was taken into custody after sunset.
Shares of PNB slumped around 14 per cent, a day after the bank reported a loss of over Rs 13,000 crore for the fourth quarter of 2017-18.
Shares of PNB today fell by 6% after the company posted largest ever quarterly loss of Rs 13,416.91 cr. The stock went down by 3.80 per cent to end at Rs 86 on BSE.
CBI filed its first charge sheet in PNB case, detailing the alleged role of the bank's former chief Usha Ananthasubramanian, officials said.
ED has refused to disclose under the RTI Act the assets of Nirav Modi and Mehul Choksi seized during its probe into the over $2 billion scam in PNB.
Minority investors divided over changes at ICICI bank
Fund managers seek clarity on governance & leadership for investment decisions
Kochhar's fully paid leave raises questions
Proxy advisory firm raises questions on remuneration
Will issue 5.1% equity shares worth Rs 746 Cr to investors, priced at Rs 1,661/sh
IIFL's wealth management business valued at Rs 14,600 Cr
Investors include Amansa holdings, General Atlantic Singapore & HDFC Standard Life
Gets final USFDA approval for Generic Sustiva
U.S. Sales stood at approximately $105 Mn in a 12 month period, ending in April 2018
Nerolac to enter share purchase agreement with RAK paints in Bangladesh
Will acquire 55% paid up equity share capital in RAK paints for Rs 45.8 Cr
Acquisition to be complete by 31st July 2018
UPL consortium said to be in talks to buy platform's agri pesticide unit Arysta Lifescience
UPL to team up with Abu Dhabi investment authority for Arysta Lifescience
UPL group's talks for Arysta Lifescience unit said to be in advanced stages