New Delhi, April 17 (IANS) The Union Government on Friday allowed 15 major banks, including State Bank of India, HDFC Bank, and ICICI Bank, to import gold and silver from April 1, 2026, to March 31, 2029. The Union Bank of India and Sberbank have been authorised to import only gold during this period.The notification has been issued by the Directorate General of Foreign Trade (DGFT).The move is part of the government’s ongoing effort to streamline bullion imports and ensure they are routed thr…
Latest Punjab National Bank News & Updates
Jammu, April 15 (IANS) Registration for this year’s Amarnath Yatra started on Wednesday as pilgrims rushed to various registration counters in large numbers. Devotees thronged registration counters as both online and offline registration began. The advance registration is open in both modes.The 57-day pilgrimage will commence from the twin tracks, the traditional 42-km-long Pahalgam route in Anantnag and the 14-km shorter, but tougher Baltal route in Ganderbal district.Devotees using …
Ahmedabad/Surat, April 10 (IANS) A special Central Bureau of Investigation (CBI) court in Ahmedabad on Friday convicted and sentenced three retired officials of Punjab National Bank (PNB), along with five private individuals and a company, in a bank fraud case. The case involved the sanctioning of credit facilities on the basis of forged documents, resulting in a loss of Rs 156.98 lakh (approximately Rs 1.57 crore) plus interest to the bank.The convicted bank officials are Gurinder Singh, then A…
New Delhi, March 30 (IANS) The Enforcement Directorate has investigated 1,105 bank fraud cases under the Prevention of Money Laundering Act (PMLA) and has attached proceeds of crime worth Rs 64,920 crore, Finance Minister Nirmala Sitharaman said in the Lok Sabha on Monday. She also said that action had been taken under the Fugitive Economic Offenders Act (FEOA) against those evading Indian law by staying abroad.This was a reference to high-profile cases such as the Nirav Modi case, including …
New Delhi, March 27 (IANS) India will see a slew of financial and regulatory changes with the beginning of the new fiscal year on April 1, 2026, affecting taxes, fuel, banking and rail travel.The Income Tax Act 2025 will replace the Income Tax Act 1961, simplifying terminology by using the word “Tax Year” instead of erstwhile confusing words ‘Assessment Year’ (AY) and ‘Previous Year’ (PY).Under the new tax regime individuals earning up to Rs 12 lakh annually will pay zero tax due to …
New Delhi/London, March 26 (IANS) Fugitive diamond merchant Nirav Modi suffered a setback after the High Court of Justice, King’s Bench Division in London, rejected his petition seeking to reopen proceedings against his extradition order to India.The case was argued by the Crown Prosecution Service advocate, assisted by a dedicated team from the Central Bureau of Investigation, which included investigating officers who had travelled to London to support the hearing.The application to reopen th…
Indore, March 25 (IANS) The Enforcement Directorate (ED)’s Indore Sub-Zonal Office has provisionally attached three immovable properties valued at around Rs 4 crore under the Prevention of Money Laundering Act (PMLA), 2002, in connection with a significant bank fraud case. The attached assets are agricultural lands located in Dhar and Khargone districts of Madhya Pradesh. The action targets Ram Patidar, proprietor of M/s Narmada Sheit Grih based in Dhar. The ED launched its probe following an FI…
New Delhi, March 20 (IANS) Reliance Group chairman Anil Ambani was interrogated by the CBI here for seven hours on Friday for the second day in a row in connection with the alleged Rs 2,929.05 crore SBI fraud case. The CBI had registered an FIR on August 21, 2025, following a complaint filed by SBI over allegations of fraud to the tune of Rs 2,929.05 crore on the public sector bank, in which Reliance Communications Limited, Anil D. Ambani and others, including unknown public servants, are accuse…
New Delhi, March 19 (IANS) The CBI on Thursday interrogated Amit Dangi, a top executive of Authum Investment & Infrastructure Ltd, in connection with the Rs 57.47 crore bank fraud case involving Reliance Commercial Finance Ltd.Dangi is a whole-time director at Authum Investment & Infrastructure Ltd., which has taken over the assets of Reliance Commercial Finance Ltd and Reliance Home Finance Ltd, which are under investigation.The CBI had summoned Amit Dangi for interrogation on Thursday …
Surat, Feb 24 (IANS) Look-out circulars have been issued against four members of the Gajera family in Surat, Gujarat, in connection with an alleged Rs 1,928.39 crore fraud, while investigators simultaneously probe suspected financial links between their business interests and fugitive diamantaire Mehul Choksi.The circulars were issued against Vasant, Chuni, Ashok and Bakul Gajera, along with their nephew Rakesh Gajera and two associates, after police teams were unable to trace them at their resi…