PNB opens centralised loan processing centre

PNB has announced opening of second centralised loan processing centre, in a Mumbai branch. The centre aims to strengthen the bank’s internal systems and processes. Under this, the bank will focus on profit maximisation, improvement of asset quality & recovery, and increasing productivity among others. PNB’s first CLPC is located at Connaught Place branch in New Delhi.

Punjab orders mandatory dope test

Punjab CM Captain Amarinder Singh has ordered a mandatory dope test for all government employees, including police personnel, from the time of their recruitment through every stage of their service. Drug screening will be mandatory in cases of promotions, and also be a part of annual medical examinations. The state’s Chief Secretary has been asked to issue an order.

Interpol issues Red Notice against Nirav Modi

The Interpol has issued a Red Notice against Nirav Modi on the request of the Enforcement Directorate and the CBI of India. Red Notice not only restricts a fugitive’s movement in 190 member countries of the Interpol but also empowers agencies to detain the person for deportation or extradition to the requesting country. Mr. Modi is involved in the ` 13,578-crore Punjab National Bank fraud.

Punjab launched Mobile App- ‘I-Hariyali’

The Punjab Government has launched a mobile application named ‘i-Hariyali’ aimed at increasing the state’s green cover. The mobile application would enable the users to order free plant saplings. The ‘i-Hariyali’ app, under ‘Mission Tandarust Punjab’ can be downloaded from the app store for free.

Refugees to self-survey their properties

Maharashtra government has now allowed thousands of Sindhi and Punjabi refugees who migrated from Pakistan to carry out self-assessment and survey of their properties. This is to facilitate regularisation, sale of house or redevelopment of properties without any hurdles. The refugees were not allowed to sell their units without permission from the government.

Punjab to install dust collectors

Punjab is set to counter dust pollution in grain markets across the state with the installation of dust collectors on nearly 50,000-grain cleaning machines. It will provide relief to 3,00,000 directly-affected workers. The pollution is the main cause of respiratory and lung diseases among labourers, farmers, and commission agents, as well as those living in the vicinity of the grain markets.

PSBs suffered losses of over ` 87,000 cr

The combined losses posted by public sector banks (PSBs) in financial year 2017-18 were over Rs. 87,357 crore. Scam-hit Punjab National Bank (PNB) topped the list with a hit of nearly Rs. 12,283 crore followed by IDBI Bank. Out of 21 state-run banks, only two — Indian Bank and Vijaya Bank — posted profits during the year under review.

Fitch downgrades PNB on credit profile

Fitch Ratings has downgraded the Viability Rating (VR) of Punjab National Bank to ‘b’ from ‘bb-’ and maintained negative ratings. The two-notch downgrade is a reflection of the significant deterioration in its standalone credit profile. Fitch said the deterioration in its core capitalisation was caused by a sharp increase in its non-performing loans (NPLs).

First dolphin census kicked off in Punjab

The Punjab government along with WWF-India are conducting the first organised census of Indus dolphins – one of the world’s rarest mammals. Found only in India and Pakistan, the Indus dolphins are confined to only a 185 km stretch between Talwara and Harike Barrage in India’s Beas river in Punjab. Indus river dolphin is the national mammal of Pakistan.

AK Mittal to be acting CJ of Punjab & Haryana

Justice AK Mittal has been appointed as the acting Chief Justice of Punjab & Haryana High Court, Chandigarh. Appointment of Justice Mittal, who is the first puisne Judge of the HC, has been notified by centre because of the retirement of CJ Vazifdar. Collegium had recommended the appointment of Justice Krishna Murari as the CJ of High Court but the Centre did not act on this recommendation.