Tag: Punjab National Bank

  • Karnataka Opens Front Against SBI, PNB; Halts Transactions | Personal Finance News

    New Delhi: The Karnataka government has taken a significant step by suspending all transactions with the State Bank of India (SBI) and Punjab National Bank (PNB). In an order approved by Chief Minister Siddaramaiah, the state has instructed all departments to close their accounts with these banks and promptly recover their deposits.

    Opposition-ruled states like West Bengal and Karnataka have time and again attacked the Finance Ministry and the Central government accusing the Union of not paying their GST dues. However, the finance ministry has refuted the allegation every time. The transaction ban on central banks comes amid this ongoing tussle.

    The order also specifies that no further deposits should be made into SBI or PNB. Additionally, the directive extends to public enterprises, corporations, local bodies, universities, and other institutions, instructing them to follow the same guidelines.

    The directive follows allegations of misuse of government funds deposited in these banks. Despite prior warnings and communications, the issue remained unresolved, leading the government to take this decisive action.

  • PNB Customers Alert! Your Saving, Current Account May Get Frozen; Do This By Aug 12 To Avoid Trouble | Personal Finance News

    New Delhi: Punjab National Bank, a leading public sector lender in India has urged its customers to update their KYC (Know Your Customer) details by August 12 to avoid their accounts from getting suspended. This directive, which affects accounts that were due for KYC updates as of March 31, aligns with the guidelines set by the Reserve Bank of India (RBI).

    “As part of the KYC compliance exercise, PNB customers are requested to provide their updated information like identity proof, address proof, recent photo, PAN, income proof, mobile number (if not available) or any other KYC information to their base branch. It can be done through PNB ONE App/Internet Banking Services (IBS)/registered e-mail/post or in person visit to any branch by 12.08.2024. Failure to update KYC details within the stipulated time may result in restrictions on account operations,”the bank stated in a notification.

    What documents do customers need to provide to complete the KYC update?

    To complete the KYC update, customers need to provide the following information: updated identity proof, current address proof, recent photograph, PAN details (Permanent Account Number), income proof, mobile number, and any other relevant details.

    What are the consequences of missing the deadline?

    Punjab National Bank also announced that customers can update their KYC details through the PNB ONE App, Internet Banking Services (IBS), registered email, post, or by visiting any branch in person by August 12, 2024. “Failure to update KYC details within the stipulated time may result in restrictions on account operations.” the bank warned.

    Can PNB customers update their KYC details online?

    PNB customers can update their KYC details online without having to visit a branch. The Reserve Bank has established guidelines to make sure the online KYC process is smooth and secure.

    As per an RBI circular, “Banks have been advised to provide the facility of such a declaration to the individual customers through various non-face-to-face channels such as registered email ID, registered mobile number, ATMs, digital channels (such as online banking/internet banking, mobile application), letter, etc., without need for a visit to a bank branch.” 

  • PNB Home Loan EMI To Shoot Up! Bank Hikes MCLR Rates Effective From Today, 1 August 2024 | Personal Finance News

    New Delhi: Public sector lender Punjab National Bank (PNB) has announced its latest marginal cost of funds-based lending rate (MCLR), whereby the bank has raised it by 5 basis points or 0.05 percent.

    The PNB MCLR rates are effective from August 1, 2024, according to the bank’s website. The MCLR is the lowest interest rate at which a bank can make a loan to a customer.




    MCLR W.E.F. 01-08-2024




    MCLR TENOR
    Existing w.e.f. 01.07.2024
    Revised w.e.f. 01.08.2024


    Overnight
    8.25%
    8.30%


    One month
    8.30%
    8.35%


    Three month
    8.50%
    8.55%


    Six month
    8.70%
    8.75%


    One year
    8.85%
    8.90%


    Three years
    9.15%
    9.20%

     India’s largest public sector lender State Bank of India (SBI) last month announced its latest marginal cost of funds-based lending rate (MCLR). The SBI MCLR rates are effective from 15 July 2024.

  • Fugitive businessman Mehul Choksi dropped off Interpol’s Pink Nook Understand listing

    Through On-line Table

    NEW DELHI: The identify of fugitive diamantaire Mehul Choksi has been got rid of from the Interpol database of Pink Notices at the foundation of his plea to the Lyon-headquartered company.

    The verdict of Interpol to take off the Pink Nook Understand (RCN) issued towards Choksi is a results of efforts of the prison workforce and the real declare of the “kidnapping” of my consumer, sais his attorney Vijay Aggarwal. In the end, fact has prevailed, he mentioned, including, “as the abduction try of my consumer isn’t licensed through the global group, RCN issued towards my consumer through Interpol has been got rid of”.

    His attorney claimed that Indian companies had kidnapped him from Antigua and forcibly taken him to Dominica in June 2021.

    The 63-year-old fugitive is sought after in India in reference to a Rs 13,500-crore fraud within the Punjab Nationwide Financial institution (PNB). In December 2018, he used to be added to the Pink Understand listing, just about 10 months after he fled from India in January that 12 months to take safe haven in Antigua and Barbuda, the place he had taken citizenship.

    The CBI has charge-sheeted each Choksi and his nephew Nirav Modi one at a time within the rip-off.

    The Pink Understand is the best possible type of alert issued through the 195-member country-strong Interpol to legislation enforcement companies international to find and provisionally arrest an individual pending extradition, give up, or identical prison motion.

    It’s pertinent to notice that Pink Nook Notices are issued towards fugitives and is thought of as as a request to legislation enforcement companies the world over to find and provisionally arrest an individual pending extradition, give up, or identical prison motion.

    In the meantime, Congress President Mallikarjun Kharge attacked the Centre over the improvement and mentioned in a tweet: “ED CBI for the opposition leaders however Modijis Mehiulbhai were given aid from Interpol and for his shut pal he isn’t permitting to serve as the Parliament, so for outdated buddies how he can refuse from lend a hand.”

    This has come as a setback to the Central Bureau of Investigation (CBI) and Enforcement Directorate (ED) which have been looking forward to his deportation.

    Choksi had challenged the CBI software in quest of issuance of Pink Understand towards him, calling the case a results of political conspiracy, resources informed PTI. He had additionally raised questions about problems equivalent to prison prerequisites in India, his private protection and well being, they added.

    The topic had long gone to a five-member Interpol committee’s courtroom, known as Fee for Keep watch over of Information, which had cleared the RCN rejecting his contentions, resources informed PTI.

    Alternatively, officers probing the topic informed IANS that it’ll now not impact Choksi’s extradition from Antigua.

    Choksi in Antigua; India awaits his extradition

    Remaining 12 months, Choksi were given a massive aid from the Commonwealth of Dominica the place he used to be charged with unlawful access through the police after the prosecution determined to withdraw prison complaints towards him.

    Choksi had disappeared from his sanctuary in Antigua and Barbuda on Would possibly 23, 2021 to mysteriously seem in neighbouring Dominica the place he used to be detained for unlawful access.

    After information of Choksi being held in Dominica surfaced, India rushed a workforce of officers led through CBI DIG Sharda Raut to make each effort to convey him again at the foundation of a Interpol Pink Understand towards him.

    His attorney in London Michael Polak, who filed a criticism with the Scotland Backyard, mentioned Choksi used to be got rid of from Antigua and Barbuda, the place as a citizen he enjoys rights to method the British Queen’s Privy Council as a final lodge in circumstances on his citizenship and extradition to Dominica the place those rights aren’t to be had to him.

    India’s effort to convey Choksi again used to be unsuccessful as his attorneys moved with remarkable agility to record a habeas corpus petition sooner than the Dominica Prime Court docket which used to be admitted for listening to.

    Their swift prison manoeuvres coupled with investigation into instances of his disappearance from Antigua blunted makes an attempt of India to get Choksi deported from Dominica.

    After 51 days in jail, Choksi, 62, used to be given bail through Dominica Prime Court docket in July 2021 to commute again to Antigua to hunt scientific lend a hand from a neurologist based totally there with a provision that he’s going to go back to stand trial when will get health clearance through his medical doctors.

    Choksi is lately within the Caribbean island country and Indian government have requested Antiguan government to extradite him in order that he might be prosecuted.

    (With PTI, IANS, ANI inputs)

    NEW DELHI: The identify of fugitive diamantaire Mehul Choksi has been got rid of from the Interpol database of Pink Notices at the foundation of his plea to the Lyon-headquartered company.

    The verdict of Interpol to take off the Pink Nook Understand (RCN) issued towards Choksi is a results of efforts of the prison workforce and the real declare of the “kidnapping” of my consumer, sais his attorney Vijay Aggarwal. In the end, fact has prevailed, he mentioned, including, “as the abduction try of my consumer isn’t licensed through the global group, RCN issued towards my consumer through Interpol has been got rid of”.

    His attorney claimed that Indian companies had kidnapped him from Antigua and forcibly taken him to Dominica in June 2021.googletag.cmd.push(serve as() googletag.show(‘div-gpt-ad-8052921-2’); );

    The 63-year-old fugitive is sought after in India in reference to a Rs 13,500-crore fraud within the Punjab Nationwide Financial institution (PNB). In December 2018, he used to be added to the Pink Understand listing, just about 10 months after he fled from India in January that 12 months to take safe haven in Antigua and Barbuda, the place he had taken citizenship.

    The CBI has charge-sheeted each Choksi and his nephew Nirav Modi one at a time within the rip-off.

    The Pink Understand is the best possible type of alert issued through the 195-member country-strong Interpol to legislation enforcement companies international to find and provisionally arrest an individual pending extradition, give up, or identical prison motion.

    It’s pertinent to notice that Pink Nook Notices are issued towards fugitives and is thought of as as a request to legislation enforcement companies the world over to find and provisionally arrest an individual pending extradition, give up, or identical prison motion.

    In the meantime, Congress President Mallikarjun Kharge attacked the Centre over the improvement and mentioned in a tweet: “ED CBI for the opposition leaders however Modijis Mehiulbhai were given aid from Interpol and for his shut pal he isn’t permitting to serve as the Parliament, so for outdated buddies how he can refuse from lend a hand.”

    This has come as a setback to the Central Bureau of Investigation (CBI) and Enforcement Directorate (ED) which have been looking forward to his deportation.

    Choksi had challenged the CBI software in quest of issuance of Pink Understand towards him, calling the case a results of political conspiracy, resources informed PTI. He had additionally raised questions about problems equivalent to prison prerequisites in India, his private protection and well being, they added.

    The topic had long gone to a five-member Interpol committee’s courtroom, known as Fee for Keep watch over of Information, which had cleared the RCN rejecting his contentions, resources informed PTI.

    Alternatively, officers probing the topic informed IANS that it’ll now not impact Choksi’s extradition from Antigua.

    Choksi in Antigua; India awaits his extradition

    Remaining 12 months, Choksi were given a massive aid from the Commonwealth of Dominica the place he used to be charged with unlawful access through the police after the prosecution determined to withdraw prison complaints towards him.

    Choksi had disappeared from his sanctuary in Antigua and Barbuda on Would possibly 23, 2021 to mysteriously seem in neighbouring Dominica the place he used to be detained for unlawful access.

    After information of Choksi being held in Dominica surfaced, India rushed a workforce of officers led through CBI DIG Sharda Raut to make each effort to convey him again at the foundation of a Interpol Pink Understand towards him.

    His attorney in London Michael Polak, who filed a criticism with the Scotland Backyard, mentioned Choksi used to be got rid of from Antigua and Barbuda, the place as a citizen he enjoys rights to method the British Queen’s Privy Council as a final lodge in circumstances on his citizenship and extradition to Dominica the place those rights aren’t to be had to him.

    India’s effort to convey Choksi again used to be unsuccessful as his attorneys moved with remarkable agility to record a habeas corpus petition sooner than the Dominica Prime Court docket which used to be admitted for listening to.

    Their swift prison manoeuvres coupled with investigation into instances of his disappearance from Antigua blunted makes an attempt of India to get Choksi deported from Dominica.

    After 51 days in jail, Choksi, 62, used to be given bail through Dominica Prime Court docket in July 2021 to commute again to Antigua to hunt scientific lend a hand from a neurologist based totally there with a provision that he’s going to go back to stand trial when will get health clearance through his medical doctors.

    Choksi is lately within the Caribbean island country and Indian government have requested Antiguan government to extradite him in order that he might be prosecuted.

    (With PTI, IANS, ANI inputs)

  • PNB: CBI raids PNB’s Naugaon department, searched papers for approximately 15 hours

    Hathras: The CBI raid on Punjab Nationwide Financial institution (PNB) in Hathras, Uttar Pradesh brought about a stir. The Anti-Corruption Bureau group of CBI scrutinized the papers for approximately 15 hours and interrogated them. The son of a farmer from Mahavan in Mathura had filed a file in Ghaziabad towards the financial institution supervisor alleging bribery.

    that is the entire topic
    The case is of Punjab Nationwide Financial institution department situated in Naugaon of Kotwali Sadabad space of ​​Hathras. CBI group raided the financial institution. The raid brought about a stir within the financial institution. The CBI, who arrived to research a large rip-off within the financial institution, is engaged in scrutinizing the paperwork. There’s silence outdoor the financial institution department because of the CBI raid. On Thursday, a group of Central Bureau of Investigation, Anti Corruption Bureau, Ghaziabad raided the Punjab Nationwide Financial institution Naugaon department in reference to some giant fraud. A number of automobiles of Delhi quantity with the parking cross of CBI reached Naugaon speedy and stopped outdoor the financial institution department. The villagers have been stunned to peer the convoy of automobiles and the gestures of the folk getting off the automobiles. Very quickly the automobiles have been empty and all of the officials within the car reached throughout the financial institution. The principle gate of the financial institution used to be closed.

    Supervisor’s spouse referred to as from Ghaziabad
    It’s mentioned that the group is engaged in scrutinizing the paperwork within the department relating to some giant rip-off. It has additionally been discovered that the CBI group has referred to as the spouse of the department supervisor running in UP Police from Ghaziabad to Naugaon for interrogation. After a while some group individuals left within the automotive along side the department supervisor and his spouse, whilst the checking of paperwork continues to be happening within the financial institution department. The secrecy with which the investigation is occurring throughout the financial institution department. It’s being speculated that the rip-off has came about on a big scale.

    Farmer’s son had filed a file in Ghaziabad
    Bantu son Chandan Singh resident of Mahavan district Mathura had lodged a file in Anti Corruption Bureau Ghaziabad towards the executive of PNB’s Naugaon department, Keshav Singh, accusing him of tough bribe. He says that his father had taken a mortgage on Kisan Credit score Card from the Naugaon department of PNB in ​​the 12 months 2010. Because of deficient monetary situation, he may now not pay off the mortgage. Because of which NPA came about. The department supervisor closed the account on third September 2022. Department supervisor Keshav Singh is tough a bribe of 45 thousand rupees via restoration agent. Bantu Singh is continuously making rounds of the financial institution to get no dues. He says that the proof of this may also be observed within the CCTV digicam of the financial institution.
    File – Fortunate Sharma

  • Ghaziabad Information: Rip-off of crores of folks in PNB by way of making faux FD, understand how the entire topic used to be exposed

    Ghaziabad: Sitting inside of Punjab Nationwide Financial institution for a few years, a case of dishonest masses of folks by way of making faux FD (Mounted Deposit) has come to the fore. After the details about the fraud, individuals who reached the financial institution in massive numbers created a ruckus. In this data, the police reached the spot and investigation has been began. Ghantaghar Kotwali in-charge Amit Khari stated that within the investigation thus far, it’s been discovered {that a} personal guy used to be sitting within the financial institution, who has been accused of doing so. However, the executive of the financial institution, Rupesh Gupta, has additionally stated that the topic must no longer be immediately associated with the financial institution and get the investigation completed.

    In step with the sufferers, an individual named Manoj used to sit down within the Ambedkar Nagar Street department of PNB for the previous a number of years. There he had the duty of insuring him on behalf of PNB Met Existence, however after a couple of days he began doing FD by way of making excellent family members with the purchasers who got here there. Other people idea that he used to be an worker of the financial institution, so there used to be for sure on him. Khushboo, a resident of New Anand Vihar, advised that he had made an FD of Rs 10 lakh from Manoj. When he requested to get the cash credited to him, Manoj requested him to stick for a couple of days, later when he confirmed the opposite financial institution staff the FD with him, it used to be discovered that this FD is pretend. The accused may be absconding since few days. In a similar fashion, Bhimsen had additionally were given an FD of Rs 2 lakh. He advised that once checking it used to be discovered that the paper is pretend. After this, many extra folks additionally got here ahead, from whom an identical frauds were completed.

    Financial institution additionally accused of collusion
    Sunil Bansal, a businessman dwelling in Kirana Mandi, advised that he had were given 3 FDs of Rs 30 lakh and Rs 10 lakh each and every thru Manoj closing yr. After figuring out about this fraud, he alleges that Manoj used to sit down within the financial institution. All of the paintings used to be completed from there. Other people going to the financial institution got details about the FD scheme, so how can or not it’s that the financial institution isn’t acutely aware of this fraud.

    the financial institution swung
    After this allegations, when the executive of the financial institution used to be talked to Rupesh Gupta, he advised that an agent of PNB Met Existence is within the financial institution, his activity is handiest to do insurance coverage. FD can’t be completed on this. He isn’t a member of the financial institution and no facility is given to him from the financial institution. After this fraud got here to gentle, the financial institution itself is getting the topic investigated however the financial institution has not anything to do with this topic. He’s going to totally cooperate within the investigation.

    CO First Swatantra Singh stated that details about the topic has been won. There’s a case of taking cash from folks by way of appearing FD on a paper in a pretend method. The accused lived within the financial institution. On this case motion will probably be taken after registering a file at the foundation of grievance. At the side of this, the position of the financial institution on this topic may be being checked. The outpost in-charge had long past to the financial institution, complete file is being taken from him.