“Even a layman knows prices are rising”: SC Flags Hyatt Regency Valuation, Considers CBI–CVC Probe
The petitioner argued that this drastic reduction raises serious red flags and warrants an independent investigation.
The petitioner argued that this drastic reduction raises serious red flags and warrants an independent investigation.
Harmanpreet Kaur’ was presented with a framed PNB jersey bearing her name and number, along with a custom-engraved PNB bat.
The PNB has announced that it will close all such accounts with no activity for the past three years and no balance, unless the Know Your Customer (KYC) process is completed by May 31, 2024. After this date, no further notice will be given to account holders.
The Central Bureau of Investigation (CBI) has lodged a case against IL&FS Transportation Network Ltd and its directors on charges of defrauding 19 banks of Rs 6,524 crore between 2016 and 2018.
During a virtual press briefing on Friday, Atul Kumar Goel, Managing Director and Chief Executive Officer, PNB, said, "We don't have any exposure to Go First Airlines."
PNB’s decision not participating in the capital raising plan comes after the Reserve Bank of India did not give a green signal to the lender’s application to infuse quiet in PNBHFL.
PNB had taken permission to raise Rs 14,000 crore through a mix of debt and equity, and according to the plan, decided to raise Rs 3,000 crore from AT-1 bonds.
The notice has been issued in connection with a money laundering case registered against her in India.
Total income rose to Rs 24,292.80 crore during the June quarter of 2020-21, as against Rs 15,161.74 crore in the same period.
PNB on Wednesday said it has raised Rs 994 crore by issuing Basel III compliant bonds on private placement basis.
