The move will eat into the fee income of the bank, which had reported first quarterly loss in 20 years, as it had to make huge provisions for bad loans
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The bank's shares surged as much as 15 percent, its biggest intra-day percentage gain since 25 October. It was the top percentage gainer on the Nifty PSU Bank index that rose as much as 5.7 percent.
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Both Modi and Choksi have denied wrongdoing, and so have two key accused PNB employees in the case that has been dubbed as India's largest ever bank fraud
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Here are five things to consider while preparing a home budget
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The bank alleged that card was issued by NRI Seawoods branch on November 7, 2016 on which two more cards were issued to the card holder
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In an interview with BW Businessworld, Rohan Mahajan explains how Willstar, the first Will making app works.
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Technical indicators are suggesting an equity market that will delight swing traders, much consternate mercurial investors who have grown used to seeing only fantastic CAGR returns from their equity investments. Your success mantra in two words right now?
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Here are 5 reasons why women, indeed, do make better investors than men
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