Fraudhit lender PNB plots revival after second straight quarterly loss

4 months ago
By Devidutta Tripathy and Chris Thomas. BENGALURU/NEW DELHI () India's Punjab National Bank reported a second straight quarterly loss on Tuesday as it earmarked more funds to cover a massive fraud, but expects faster bad loan recovery to  ... ...

Gold Prices Shoot Up Ahead Of Akshaya Tritiya, Silver Jumps: 5 Points

8 months ago
Gold prices rose by Rs 350 in Delhi on Tuesday, a day ahead of Akshaya Tritiya festival. Gold prices in the national capital climbed by Rs 350 to Rs 32,350 per 10 grams in the national capital, news agency Press Trust of India (PTI) reported. Buying by local jewellers supported recovery in gold prices ahead of Akshya Tritiya at the domestic spot market, according to bullion traders. Silver too rebounded by Rs 400 to Rs 40,300 per kg on increased offtake by industrial units and coin makers. Gains in the domestic market came despite a downward movement in the international ... ...

PNB scam fallout: Exporters say banning LoUs no solution to banking mess

9 months ago
Read more about PNB scam fallout: Exporters say banning LoUs no solution to banking mess on Business Standard. The trade credit instrument banned by RBI is used heavily by exporters who import goods which go into the making of export products ... ...

Fraudhit PNB assures investors of early recovery, as probe widens

10 months ago
Read more about Fraudhit PNB assures investors of early recovery, as probe widens on Business Standard. PNB has $120 billion in total assets, saw its shares fall for a third straight day on Friday ... ...

Punjab National Bank scam: It's no surprise unclenephew duo cheated system, say traders

10 months ago
Many traders told speaking anonymously that Modi and his uncle deliberately cheated Punjab National Bank in collusion with bank officials. While others in the trade said that it was a business strategy that did not work out well which led to the “mamabhanja”s business going bellyup. ... ...

Relief! No GST on sale of old gold jewellery, cars by individuals

1 year ago
Read more about Relief! No GST on sale of old gold jewellery, cars by individuals on Business Standard. The Revenue Department explained that there would be no gst on old jewellery and old vehicles. Also, clarified that the purchase of old gold jewellery by a jeweller from a consumer will be subject to GST at the rate of 3 per cent under reverse ... ...

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