Chandigarh, July 26 (IANS) On the occasion of Kargil Vijay Diwas, Army veterans on Sunday recalled their experiences of serving the nation, remembered the sacrifices made during military operations and expressed pride in wearing the uniform and defending the country. Speaking to IANS, former Army officer Jyoti Sharma recounted the injuries he sustained during an anti-terror operation in Jammu and Kashmir.”During my Army service, I was shot in both legs during an operation in Kashmir, which led t…
Latest Punjab & Sind Bank News & Updates
New Delhi, July 8 (IANS): The Enforcement Directorate (ED) conducted search operations on Tuesday at the premises of M/s E-Complex Private Limited and the residential premises of one of its directors, which resulted in the detection and seizure of evidence pertaining to suspicious transactions and assets beneficially owned or controlled by Reliance Anil Ambani Group, according to an official statement issued on Wednesday. During the search operations, several incriminating documents, records rel…
Mumbai, Dec 29 (IANS) Shares of state-owned lender Punjab National Bank on Monday recovered after an earlier fall, after it reported a loan fraud of Rs 2,434 crore last week, allegedly committed by former promoters of SREI Equipment Finance Ltd (SEFL) and SREI Infrastructure Finance Ltd (SIFL).PNB’s shares had fallen as much as 3.1 per cent to Rs 116.6 apiece earlier in the day, but were trading at Rs 120.55, up 0.15 per cent at 11:44 am.The PSU lender reported the loan fraud of Rs 2,434 crore t…
New Delhi, Dec 28 (IANS) The Finance Ministry has directed public sector banks and financial institutions, such as insurance companies, to promptly report vigilance-related matters concerning whole-time Directors on their boards.The directive from the Finance Ministry’s Department of Financial Services (DFS) states that omission of any significant information relevant for decisions relating to appointments, promotions, board-level postings, and placement of whole-time Directors is a matter of …
New Delhi, Dec 27 (IANS) Punjab National Bank (PNB) has declared a Rs 2,434 crore alleged loan fraud by the former promoters of Srei Equipment Finance and Srei Infrastructure Finance.In a late evening exchange filing, the state-run PNB said that “Pursuant to the applicable provisions of SEBI (LODFR) Regulations, 2015 and the Bank’s Policy for determining materiality of events/information required to be reported to the Stock Exchanges, it is hereby informed that the bank has reported borrowal…