Punjab National Bank

Today In Payments: Marqeta Preps For IPO, Had $4.3B Valuation In May; Punjab National Bank Faces Third Major Fraud

Today In Payments: Marqeta Preps For IPO, Had $4.3B Valuation In May; Punjab National Bank Faces Third Major Fraud
Today In Payments: Marqeta Preps For IPO, Had $4.3B Valuation In May; Punjab National Bank...
July 10, 2020  |  News

In today’s top news, Marqeta prepares for an IPO, and Punjab National Bank was defrauded $491 million by one of its customers. Also, WhatsApp Business...

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Punjab National Bank Faces Third Major Fraud In As Many Years 
Punjab National Bank Faces Third Major Fraud In As Many Years 
July 10, 2020  |  Cybersecurity

Punjab National Bank shares fell by nearly 6 percent late Thursday (June 9) after it was defrauded $491 million by one of its customers, The...

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Punjab National Bank Loses $556M To Fraudulent Buying
Punjab National Bank Loses $556M To Fraudulent Buying
July 08, 2019  |  Cybersecurity

Punjab National Bank revealed that it had been defrauded $556 million from a struggling borrower, Bhushan Power & Steel, according to a report by The...

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Punjab National Bank’s Mega-Fraud Leads Sector Away From SMB Finance
Punjab National Bank’s Mega-Fraud Leads Sector Away From SMB Finance
May 17, 2018  |  B2B Payments

The fallout from what Reuters reports described as “mega-fraud” at India’s Punjab National Bank (PNB) continues, with small- and medium-sized businesses (SMBs) still struggling to access financing...

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Indian Officials Say Country Has Enough Cash As ATMs Run Dry
Indian Officials Say Country Has Enough Cash As ATMs Run Dry
April 18, 2018  |  Cross-border Payments

With India’s banknote shortage spreading across the country, the government said Tuesday (April 17) that there is enough currency available and that there are moves...

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Punjab National Bank Continues Internal Investigations Into $2B Diamond Heist Scandal
Punjab National Bank Continues Internal Investigations Into $2B Diamond Heist Scandal
April 12, 2018  |  Cross-border Payments

India’s Punjab National Bank (PNB) is conducting an internal investigation into an alleged $2 billion fraud, vowing to come down on anyone involved in the...

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India Issues Warrants For Punjab Bank Heist Jewelers
India Issues Warrants For Punjab Bank Heist Jewelers
April 09, 2018  |  Cross-border Payments

Non-bailable warrants have been issued for the two central figures in an alleged $2 billion scam at state-run Punjab National Bank (PNB). Get the Full...

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India Police Tap Central Bank Officials To Help With PNB Inquiry
India Police Tap Central Bank Officials To Help With PNB Inquiry
April 06, 2018  |  Cross-border Payments

Investigators in India are questioning four senior central bank officials as part of its investigation into the $2 billion fraud case at Punjab National Bank...

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