Tag: Sunil Mehta

Indian Banks Association appoints Sunil Mehta as its new chief executive

One of the country’s top bankers and former MD and CEO of Punjab National Bank, Sunil Mehta, has taken charge as the chief executive of Indian Banks’ Association (IBA), reports stated on Monday. Mehta is the successor of VG Kannan, who demitted office as chief executive of IBA on December 31, 2019, IBA said in …

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January 27, 2020

PNB opens centralised loan processing centre for Haryana

Punjab National Bank (PNB) on Friday opened its first centralised loan processing centre (CLPC) of Haryana at Bank Square, Sector 17-B, Chandigarh. Inaugurated by CEO and MD (PNB) Sunil Mehta, the CLPC is in line with enhanced access and service excellence (EASE) initiative of Union government under responsible and responsive banking. Speaking on the occasion, …

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August 3, 2018

AMC to be set up for faster resolution of NPAs: Goyal

Independent asset management companies (AMCs) and steering committees will be set up for faster resolution of the non-performing assets (NPAs), or bad loans, of state-run banks, Interim Finance Minister Piyush Goyal said on Monday. He was briefing reporters here on the government accepting the NPAs resolution plan put forward by a committee headed by the …

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July 3, 2018

PNB relief as it gets time to provision for losses

In a major relief to public sector Punjab National Bank (PNB), the Reserve Bank of India (RBI) has accepted its request to make provisioning for the losses incurred from the Rs 13,000 crore fraud spread over four quarters. In a written reply to Parliament, Shiv Pratap Shikla, Minister of State for Finance stated that the …

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April 6, 2018

PNB embarks on Mission Parivartan

In keeping with the dynamic business environment, the Punjab National Bank has embarked on Mission Parivartan – a structured approach for keeping the long-term success of the Bank in mind. “Change is the only constant. We are living in a dynamic environment and must learn not only to live with constant change, but also plan …

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March 23, 2018

PNB fraud: CBI questions bank MD, ED continues seizures of Nirav assets

The CBI on Saturday questioned Punjab National Bank (PNB) Managing Director-cum-CEO Sunil Mehta and Executive Director K.V. Brahmaji Rao in connection with the Rs 11,300 crore/$1.8 billion bank fraud case, while the ED kept on its seizure of fraud accused diamantire Nirav Modi’s assets. Both the bank officials were called at the Central Bureau of …

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February 24, 2018

PNB rubbishes Nirav Modi’s story

Hitting back at Nirav Modi’s claims that the public sector Punjab National Bank (PNB) closed all recovery options to their dues by going public, the bank on Thursday said it has followed lawful legal avenues to recover its dues. PNB in a clarification to stock exchanges said, “We have followed lawful avenues available to us …

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February 23, 2018