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PNB reports Rs 11,500 crore fraud at Mumbai branch

PNB reports Rs 11,500 crore fraud at Mumbai branch

The Punjab National Bank said it has detected some "fraudulent and unauthorised" transactions worth about Rs 11,500 crore in one of its branches in Mumbai. The PNB made the revelations in a regulatory filing on Wednesday. It has, however, not revealed the names of people involved in fraudulent transactions. PNB shares fell in early trade following the revelations.
CBI arrests general manager of PNB

CBI arrests general manager of PNB

The Central Bureau of Investigation has arrested Rajesh Jindal, the General Manager of Punjab National Bank. he was holding the charge of branch head at the PNB Brady House Branch during August 2009 and May 2011. It may be recalled that the PNB managed had suspended several officials who were in charge of this branch since 2011.

Mourinho suggests Pogba is fit

Mourinho suggests Pogba is fit

Paul Pogba should be available to make his return in the Champions League against Sevilla, Jose Mourinho has suggested. Pogba missed the FA Cup win at Huddersfield Town due to illness after Mourinho had told reporters the France international would definitely play in the fifth-round clash.

Kamal Haasan to launch political party

Kamal Haasan to launch political party

Actor Kamal Haasan will launch his political party on Wednesday and has reached Rameswaram. A day before he was in Madurai to finalise the arrangements, that include a rally in Rameswaram today evening, where the actor-turned-politician will announce the name of his party and unfurl the party flag.