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SBI vs PNB vs Central Bank: 1-year FD; What will be the maturity amount on Rs 7 lakh investment for general and senior citizens

SBI vs PNB vs Central Bank: 1-year FD; What will be the maturity amount on Rs 7 lakh investment for general and senior citizens

Wed, Nov 06, 2024

Compare 1 year fixed deposit (FD) of State Bank of India (SBI), Punjab National Bank (PNB), and Central Bank to find out what will be the maturity amount on Rs 7 lakh investment for general and senior citizens.

Best 3-year FD for senior citizens: SBI vs PNB vs HDFC Bank; which FD will give highest return on Rs 5 lakh investment

Best 3-year FD for senior citizens: SBI vs PNB vs HDFC Bank; which FD will give highest return on Rs 5 lakh investment

Thu, Oct 31, 2024

Senior Citizen FD is a term deposit plan for individuals aged 60 and above. Here, we will compare the fixed deposits (FD) of 3 banks: State Bank of India (SBI), Punjab National Bank (PNB), and HDFC Bank to find out which FD will give the highest return to senior citizens on a Rs 5 lakh investment in the respective 3-year FDs.

HDFC Standard Life buys PNB Housing Finance shares worth Rs 90 crore

HDFC Standard Life buys PNB Housing Finance shares worth Rs 90 crore

Tue, Oct 29, 2024

According to the block deal data available on the BSE, HDFC Standard Life Insurance Company Ltd purchased a little over 10 lakh shares or 0.4 per cent stake in PNB Housing Finance.

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PNB Fraud: Officials of other banks under scanner

PNB Fraud: Officials of other banks under scanner

Sun, Feb 18, 2018

As investigations into the Rs 11,400 crore scam at PNB gather momentum, officials at overseas branches of other banks, where the fraudulently issued Letter of Undertakings (LoUs) were encashed, are under scanner, sources said.

Nirav Modi scam: Crisil puts PNB ratings on the watch

Nirav Modi scam: Crisil puts PNB ratings on the watch

Sun, Feb 18, 2018

Rating agency Crisil has put the scam-ridden Punjab National Bank's ratings on 'watch', following the Rs 11,400-crore fraud detected by the lender at one of its Mumbai branches.

Diamond is now fraudster's best friend! Nexus under scanner

Diamond is now fraudster's best friend! Nexus under scanner

Sun, Feb 18, 2018

Diamond trade has been often found to be a preferred route for money laundering like activities as the valuation process for such commodities is often very complex and prone to manipulations.

Sebi likely to give fresh push to loan default disclosure by listed firms

Sebi likely to give fresh push to loan default disclosure by listed firms

Sun, Feb 18, 2018

Sebi has already launched a probe into trading and disclosure related issues in the matter of Punjab National Bank (PNB) and Gitanjali Gems in connection with the biggest fraud in the Indian banking industry so far.

Sebi may give fresh push to loan default disclosure by listed firms

Sebi may give fresh push to loan default disclosure by listed firms

Sun, Feb 18, 2018

Sebi has already launched a probe into trading and disclosure related issues in the matter of Punjab National Bank (PNB) and Gitanjali Gems in connection with the biggest fraud in the Indian banking industry so far.

CBI arrests three people in $1.8 billion PNB fraud case

CBI arrests three people in $1.8 billion PNB fraud case

Sat, Feb 17, 2018

Gokulnath Shetty and Manoj Kharat are suspected of steering fraudulent loans to companies linked to billionaire jeweller Nirav Modi

PNB no one-off! Financial frauds run far and wide in India: RBI's recorded data

PNB no one-off! Financial frauds run far and wide in India: RBI's recorded data

Fri, Feb 16, 2018

Investors may have been shocked when one of India's biggest banks disclosed a $1.77 billion fraud by billionaire jeweller Nirav Modi, but the central bank has recorded data that shows the problem runs far deeper and wider.

Sensex barely holds 34,000 at close, down 287 points, Nifty tests 10,450

Sensex barely holds 34,000 at close, down 287 points, Nifty tests 10,450

Fri, Feb 16, 2018

The S&P BSE Sensex and Nifty50 ended lower on Friday as gains in IT stocks were offset by losses in banking stocks, with Punjab National Bank plummeting further in a sell-off triggered by a Rs 11,500 fraud reported by the state-run lender earlier this week.

38% slump in 3 days! Avoid PNB in short-term, say experts

38% slump in 3 days! Avoid PNB in short-term, say experts

Fri, Feb 16, 2018

Shares of Punjab National Bank extended losses for the third straight day after the detection of Rs 11,400-crore fraud, slipping over 3 per cent in intraday trade.

PNB fraud: What is it, how it happened, and will it snowball?

PNB fraud: What is it, how it happened, and will it snowball?

Fri, Feb 16, 2018

Banks (especially PSU banks) have been grappling with structural asset quality issues, but over last few days risks have got exacerbated following fraud reported by Punjab National Bank (PNB) pertaining to Letter of Undertaking (LoUs) issued in favour of three diamond companies run by Mr.

Sensex jumps 200 points, Nifty reclaims 10,600 on positive global cues

Sensex jumps 200 points, Nifty reclaims 10,600 on positive global cues

Fri, Feb 16, 2018

The domestic market opened higher on Friday with the Nifty50 testing its crucial 10,600 mark, after Asian markets extended their recovery from two-month lows into a fifth day as the Wall Street market volatility gauge fell,

PNB, BHEL among 10 buy and sell calls for Friday's trade

PNB, BHEL among 10 buy and sell calls for Friday's trade

Fri, Feb 16, 2018

The domestic market is expected to open higher after Asian shares extended their recovery from two-month lows into a fifth day as the Wall Street market volatility gauge fell, while the US dollar was undermined by various worries including rising inflation.

PNB fraud case: FinMin says nobody will be spared; Oppn attacks BJP

PNB fraud case: FinMin says nobody will be spared; Oppn attacks BJP

Thu, Feb 15, 2018

PNB has detected a USD 1.77 billion (about Rs 11,400 crore) scam where billionaire jeweller Nirav Modi allegedly acquired fraudulent letters of undertaking from a branch in Mumbai to secure overseas credit from other Indian lenders.

Explainer: How PNB fell victim to India's biggest bank fraud

Explainer: How PNB fell victim to India's biggest bank fraud

Thu, Feb 15, 2018

India`s Punjab National Bank, the second-biggest state-run lender, stunned the country`s financial sector when it announced this week it had discovered fraudulent transactions worth $1.77 billion at a single branch in Mumbai.

Presser fails to lift PNB; stock extends losses to dip 22% in 2 days

Presser fails to lift PNB; stock extends losses to dip 22% in 2 days

Thu, Feb 15, 2018

Shares of Punjab National Bank were trading at day's low, slipping over 13 per cent after the press conference by the PNB management failed to assuage concerns around the fraud case worth over Rs 11,000 crore.

PNB under pressure, but other banks stabilise after giant fraud shock

PNB under pressure, but other banks stabilise after giant fraud shock

Thu, Feb 15, 2018

Indian bank shares broadly recovered on Thursday a day after being hit by news of the country’s biggest ever bank fraud, although Punjab National Bank - the lender at the centre of a $1.77 billion scam - has lost a fifth of its market value.

Enforcement Directorate raids in Nirav Modi-PNB Rs 280 crore fraud PMLA case

Enforcement Directorate raids in Nirav Modi-PNB Rs 280 crore fraud PMLA case

Thu, Feb 15, 2018

The Enforcement Directorate today conducted multiple searches in connection with a Rs 280 crore money laundering case against billionaire jewellery designer Nirav Modi and others following a complaint by Punjab National Bank.

Who is Nirav Modi?

Who is Nirav Modi?

Thu, Feb 15, 2018

CBI on Wednesday received two complaints from Punjab National bank against billionaire jewellery designer Nirav Modi and a jewellery company regarding fraudulent transactions worth over Rs 10,000 crore.

Sensex gains 100 points, Nifty holds above 10,500; PNB tanks 8%

Sensex gains 100 points, Nifty holds above 10,500; PNB tanks 8%

Thu, Feb 15, 2018

The domestic market opened higher on Thursday tracking positive trend in Asian markets after Wall Street brushed aside strong US inflation data and surged, a counterintuitive move that also saw the dollar pinned at two-week lows even as Treasury yields jumped in anticipation of a quicker pace of

FAST MONEY: 12 buy and sell trading ideas for Thursday's trade

FAST MONEY: 12 buy and sell trading ideas for Thursday's trade

Thu, Feb 15, 2018

The domestic market looks set to open higher thanks to a positive trend seen in Asian markets after the after Wall Street brushed aside strong U.S.

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