Delhi court has summoned as accused 11 top-officials of PNB, including former and current executive officials and current managing director, for alleged violation of banking regulations and criminal conspiracy. The RBI has further alleged that accused willfully and deliberately made false statements in the compliance report despite being aware of the risks. In its complaint, the RBI has alleged non-compliance of its 2016 order.

Carlyle Group LP is seeking to double its holding in Indian mortgage lender PNB Housing Finance Ltd., people familiar with the matter said, reversing an earlier attempt to pare its stake in the company. Carlyle and PNB had earlier invited bids for their holdings in the mortgage financier, though the latter said in November that it would continue with the sale process independently.

Punjab National Bank said a Department of Financial Services report has rated it as number one state-owned bank in terms of digital transactions. The Nirav Modi scam-hit bank is also rated as the sixth overall amongst all banks in India for digital performance. The bank is rated as 'Good' by the government with a score of 71 which is the highest category of performance.