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."
The 63-year-old fugitive is wanted in India in connection with a Rs 13,500-crore fraud in the Punjab National Bank (PNB).
Binod Kumar is a Graduate of Science from Ranchi University and holds Post Graduate Diploma in Banking & Finance from NIBM, a Financial Risk Manager (FRM) from GARP (USA), and a Certified Associate Member of the Indian Institute of Bankers (CAIIB).
Shri Goel will replace Shri CH. S.S. Mallikarjuna Rao, incumbent MD & CEO of PNB, who is due to demit office at the end of January 2022.
As an MD and CEO of UCO Bank, Goel was instrumental in the complete turnaround of the Bank and bringing it back to profitability in FY 2020-21 after five years of consecutive losses.
The management handed over the claim settlement cheque to Priyanka Rani - wife of Lance Naik Vivek Kumar.
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.
