Nationwide bank strike on Jan 27: What SBI, PNB, and BoB customers should expect
The decision to strike was taken after a conciliation meeting with the Chief Labour Commissioner on January 23 failed to resolve the issue.
The decision to strike was taken after a conciliation meeting with the Chief Labour Commissioner on January 23 failed to resolve the issue.
Harmanpreet Kaur’ was presented with a framed PNB jersey bearing her name and number, along with a custom-engraved PNB bat.
The 66-year-old, accused of orchestrating a Rs 13,000 crore fraud at Punjab National Bank (PNB), now has 15 days to appeal the ruling before Belgium's Supreme Court, delaying any immediate transfer.
The rate cut is part of the RBI’s strategy to stimulate economic growth by making borrowing more affordable for both consumers and businesses.
The agency expects the non-performing loan (NPL) ratio to stay between 2 to 3 per cent over the next year.
PNB slipped back into losses during the quarter in consideration after coming back into the black in the previous quarter ending December.
Official sources in the Finance Ministry said that banks have informed the ministry that they were not ready to wait endlessly to restore health of the beleaguered airline and if attempts to bring in a strategic investor fails or is not completed by June 30, lenders may immediately initiate bankruptcy proceedings against Jet.
The news of the arrest sent ripples of excitement through the ruling Bharatiya Janata Party (BJP) which dared the opposition Congress to question the developments, at the height of the 2019 parliamentary elections.
According to investigating officials, Modi had left India on January 1, 2018, much before the CBI received a complaint from Punjab National Bank (PNB) on January 29, 2018, about the fraud.
The Central government has removed two Punjab National Bank (PNB) Executive Directors – Sanjiv Sharan and K Veera Brahmaji Rao – for the lapses in the Rs 13,500 crore fraud allegedly perpetrated by absconding diamantaire Nirav Modi.
