Sunil Mehta

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

Finance Minister Piyush Goyal to meet CEOs of public sector banks today, discuss ways to improve financial health

Piyush 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.

Punjab National Bank plans to sell non-core assets of over Rs 8,000 cr in current fiscal

The 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.

Amalgamation not on cards; focus on internal consolidation, making bank financially healthy, says PNB MD Sunil Mehta

PNB 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.

Punjab National Bank to turn profitable in FY19; Nirav Modi scam a bygone: MD and CEO Sunil Mehta

Nirav 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.

PNB shareholders approve sell of 10 cr shares to employees; Rs 2,816 cr capital infusion by govt

The 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.

NPA resolution: Sunil Mehta-led panel to issue operational guidelines for inter-creditor agreement

The 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

Exclusive: Punjab National Bank likely to shut down Hong Kong branch amid rising NPAs in big borrowers' accounts

Punjab National Bank, which was defrauded by diamantaire Nirav Modi and Mehul Choksi, is reviewing the performance of its overseas banking operation

Fraud-hit Punjab National Bank in talks with I-T, excise departments to sell erstwhile headquarter in New Delhi

PNB expects to raise nearly Rs 700-800 crore from the sale of its earlier head office in the national capital

Fraud-hit PNB's bad loan recovery of over Rs 7,700 cr in first quarter tops FY18 level, says bank official

Scam-hit PNB's recovery of over Rs 7,700 crore in bad loans during the first quarter in the current fiscal has surpassed the total amount it recovered in the entire 2017-18 financial year, indicating that it has embarked on the turnaround path, the bank's top official has said