Punbaj National-bank

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Punbaj National-bank - Total results - 2
PNB shares plunge over 11% after detection of Rs 3,800-cr bank fund misappropriation by Bhushan Power & Steel
Business

PNB shares plunge over 11% after detection of Rs 3,800-cr bank fund misappropriation by Bhushan Power & Steel

PNB said on Saturday that Bhushan Power & Steel Ltd misappropriated bank funds and manipulated its books of accounts to raise funds from consortium lender banks.

Govt mulls additional Rs 30,000 cr capital infusion in PSBs; several banks' NPA rises during two quarters
Business

Govt mulls additional Rs 30,000 cr capital infusion in PSBs; several banks' NPA rises during two quarters

Despite this relaxation, PSBs need more funds to meet global capital norms called Basel III as the RBI has retained the CRAR at 9 percent.