Latest News on Sunil Mehta
Showing of 0 - 10 from 32 results
Sunil Mehta - Total results - 32
Mar 15, 2019
Jet Airways' revival plan stalled by promoter Naresh Goyal's demand to exclude perpetuity clauseAt Etihad 's board meeting several members reportedly expressed reservations about the terms proposed by the lenders
Feb 05, 2019
PNB Q3 net profit rises 7.12% to Rs 246.51 cr on lower provisioning for bad loans; total income falls 2.64%Punjab National Bank (PNB) on Tuesday posted 7.12 percent increase in net profit at Rs 246.51 crore for its third quarter ended 31 December, 2018, driven by lower provisioning for bad loans
Jan 28, 2019
Finance Minister Piyush Goyal to meet CEOs of public sector banks today, discuss ways to improve financial healthPiyush Goyal, who was given additional charge of the finance ministry last Wednesday as Arun Jaitley is away to the US for a treatment, is his expected to discuss a host of issues including credit offtake and bad loan position of lenders.
Oct 15, 2018
Punjab National Bank plans to sell non-core assets of over Rs 8,000 cr in current fiscalThe country's second largest public sector lender Punjab National Bank (PNB) has identified various assets, including its housing finance arm, for sale and hopes to realise Rs 8,600 crore from these non-core assets during the current fiscal.
Oct 08, 2018
Amalgamation not on cards; focus on internal consolidation, making bank financially healthy, says PNB MD Sunil MehtaPNB has registered credit growth more than the industry average, and appreciating the pace of recovery, the government has decided to provide Rs 5,431 crore capital support.
Oct 03, 2018
Punjab National Bank to turn profitable in FY19; Nirav Modi scam a bygone: MD and CEO Sunil MehtaNirav Modi and his uncle Mehul Choksi duped PNB of Rs 14,000 crore through issuance of fraudulent Letters of Undertaking (LoUs), in connivance with certain bank officials.
Sep 18, 2018
PNB shareholders approve sell of 10 cr shares to employees; Rs 2,816 cr capital infusion by govtThe bank informed shareholders that PNB has been working steadily to get back into shape after being hit by the Nirav Modi fraud earlier this year.
Aug 21, 2018
NPA resolution: Sunil Mehta-led panel to issue operational guidelines for inter-creditor agreementThe inter-creditor agreement (ICA), under the Project Sashakt, seeks to resolve loans under Rs 50 crore or more which are under consortium lending but under Rs 500 crore
Aug 09, 2018
Exclusive: Punjab National Bank likely to shut down Hong Kong branch amid rising NPAs in big borrowers' accountsPunjab National Bank, which was defrauded by diamantaire Nirav Modi and Mehul Choksi, is reviewing the performance of its overseas banking operation
Aug 08, 2018
Fraud-hit Punjab National Bank in talks with I-T, excise departments to sell erstwhile headquarter in New DelhiPNB expects to raise nearly Rs 700-800 crore from the sale of its earlier head office in the national capital