Punjab National Bank
Finance Division, Share Department,HO, Plot 4 Sector 10, Dwarka, New Delhi -75 hosd@pnb.co.in

Script Code: PNB Script Code: 532461
The Asstt. Vice President
National Stock Exchange of India Limited
“Exchange Plaza”
Bandra- Kurla Complex, Bandra(E)
Mumbai -400051
The Dy. General Manager
Bombay Stock Exchange Limited
1st Floor, Phiroze Jeejeebhoy Towers
Dalal Street, Mumbai-400001

Dated: 19.02.2018

Dear Sir,

Reg: Clarification/Confirmation on news items

This has reference to various queries raised by BSE and NSE based on the media report.

In this connection we submit as under:

S.
No.
News Items Bank’s clarification
1. PNB looking to monetize assets. Bank has enough assets to meet any liability which is decided as per law.

However, realization of any specific asset would be decided at the time of need with the approval of Board.

2 PNB fraud:Petition filed in SC demanding SIT probe

A petition has been filed in the Supreme Court on Monday demanding Special Investigation
Team (SIT) probe in the ongoing Punjab National Bank.

Bank is not aware of any such petition filed in Supreme Court.
3 Central Bureau of Investigation (CBI) sealed the Bank’s MCB Brady House branch in Mumbai earlier today as part of the ongoing investigation. Bank is under discussion with CBI to allow normal operation in the branch during business hours. However, the bank has Core Banking Solution through which any customer of bank can transact at any branch of his convenience. Bank has made enough arrangements to ensure no customer is put to any inconvenience.

Submitted for information please.

Thanking you

Yours Faithfully

(Balbir Singh)

Company Secretary

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4 responses to “Have enough assets to meet any liability decided by law: PNB”

  1. KRISHNAMURTHY says:

    PNB HAS ENOUGH ASSETS TO MEET ANY LIABILITIES DECIDED BY LAW.
    11500 CRORES CLAIM IF INVOKED, DO MODIS HAVE 12000 CRORES OF ASSETS TO MEET THE PAYMENT TO THE OTHER BANKERS?

  2. KRISHNAMURTHY says:

    PNB CAN BE OFFICIALLY START DENYING ONE ALLEGATION OR OTHER. NIRAV MODI HAS SHOWN THAT THERE IS A BIG LOOP HOLE IN THE SYSTEM. AS A BANKER, I RECOGNISE THAT THERE IS A LARGER HOLE. THE SYSTEM TO CALL FOR CONFIRMATION OF THE LOU SEEMS TO HAVE BEEN IGNORED AND MONITORED THE SAME SOURCE WERE FORGED DOCS WERE SIGNED. IS THERE NO PHYSICAL DOCUMENTS EXCHANGED? HOW COME WHEN NON FUNDED GUARANTEES OF SEVERAL THOUSAND CRORES ARE BEING HONOURED AND LOANS ARE RAISED TO CREATE A TANGIBLE STATUS, RBI OR FOREX DID NOT OBSERVE? IT SHALL BE ANSWERED BY AXIS, ALLAHABAD AND SBI. WHEN IS LOAN IS CREATED AGAINST THE LC AND CHARGE IS GENERATED, HOW IT HAS FAILED TO REACT IN THE BOOKS OF ACCOUNTS OF PNB AS CONTINGENCY. EITHER THE SYSTEM IS LOOP HOLED OR CONVENIENCE AND CONSPIRACY IS TO MUCH WIDER . NOW ALL BANKS CAN ISSUE A WARNING TO THEIR CLIENTS THAT THEY SHALL DECLARE THEIR GUARANTEES AND LOUS SO FAR AVAILED AND STILL IN VALID . IN FUTURE, THERE SHALL BE THREE POINT MONITORING. THE ISSUING BANK SHALL RECEIVE THEIR CONFIRMATION FROM THE HEAD OFFICE OF THE DISCOUNTING BANK . WORLD WILL NOT END IF THE LCS ARE NOT ISSUED OR DISCOUNTED WITHIN 48 HOURS. PHYSICAL COPIES SHALL REACH THE INSPECTION DEPT AND THAT WING SHALL HAVE NO SPECIFIC OFFICER , BUT IT SHALL WORK AS A CALL CENTRE WITH SEVEN TO EIGHT OFFICIALS RANDOMLY GIVING ACK OR APPROVALS.

  3. CHANDAN SINGH KARKI says:

    THANK YOU SIR

  4. RUPALI KAPOOR says:

    to whom you are awaiting.You are waiting for astrologer who give Murat to resoled the matter.
    it is already delayed.who will bear interest.the person is same who is keep one side of modi and other side of jewllery.

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