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    “TATTVA : An International Sculptors Symposium”  from March 14th to 28th, 2023 at School of Visual Arts, World University of Design, Plot No : 1, Rajiv Gandhi Education City, Sonipat, Haryana-131 029, INDIA

    “TATTVA : An International Sculptors Symposium” from March 14th to 28th, 2023 at School of Visual Arts, World University of Design, Plot No : 1, Rajiv Gandhi Education City, Sonipat, Haryana-131 029, INDIA

    Review Meeting on Mental Wellness of Students

    Education minister discusses accreditation and ranking systems with HEIs

    Importance of New Start-Ups for Young Mind

    Importance of New Start-Ups for Young Mind

    Eros Group Is Now Great Place To Work® Certified

    Eros Group Is Now Great Place To Work® Certified

    AMITY UNIVERSITY MAHARASHTRA HOSTS ITS CONVOCATION CEREMONY AT MUMBAI CAMPUS

    AMITY UNIVERSITY MAHARASHTRA HOSTS ITS CONVOCATION CEREMONY AT MUMBAI CAMPUS

    Review Meeting on Mental Wellness of Students

    Review Meeting on Mental Wellness of Students

    Symbiosis Institute of Technology, Nagpur invites applications for B.Tech Course

    Symbiosis Institute of Technology, Nagpur invites applications for B.Tech Course

    India has 45,000 open jobs in Artificial Intelligence and annual salary for freshers ranges from 10 to 14 lakhs – states TeamLease Digital

    India has 45,000 open jobs in Artificial Intelligence and annual salary for freshers ranges from 10 to 14 lakhs – states TeamLease Digital

    Dream to Study in Germany Fair Organized by PFH University

    Dream to Study in Germany Fair Organized by PFH University

    iSchoolConnect convenes Study Abroad Fest across major Indian cities

    iSchoolConnect convenes Study Abroad Fest across major Indian cities

  • Academics
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    Wiley in Indiainnovates with examinationprep offerings; focuses on UPSC prep market

    Wiley in Indiainnovates with examinationprep offerings; focuses on UPSC prep market

    GITAM announces new Academic Advisory Board members

    GITAM announces new Academic Advisory Board members

    JEE topper from Maharashtra scores 100 percentile, had relocated to Kota five years back

    JEE topper from Maharashtra scores 100 percentile, had relocated to Kota five years back

    Institute of Bakery & Culinary Arts Invites Application for Various Courses

    Institute of Bakery & Culinary Arts Invites Application for Various Courses

    Deakin University introduces 12-month Master of Data Science (Global) in collaboration with Great Learning

    WHISTLING WOODS INTERNATIONAL HOSTED THE 2ND EDITION OF THE MEDIA & COMMUNICATION-MASTERCLASS MARATHON FEATURING RENOWNED WOMEN LEADERS FROM THE M&E INDUSTRY

    WHISTLING WOODS INTERNATIONAL HOSTED THE 2ND EDITION OF THE MEDIA & COMMUNICATION-MASTERCLASS MARATHON FEATURING RENOWNED WOMEN LEADERS FROM THE M&E INDUSTRY

    MDI Gurgaon business school wins RPG Blizzard 2022

    MDI Gurgaon business school wins RPG Blizzard 2022

    Applications for Paramedical Programmes now Open

    Applications for Paramedical Programmes now Open

    Times Professional Learning, Indian Institute of Management, Kashipur launch Executive Certificate Programme in Product & Brand Management

    Times Professional Learning, Indian Institute of Management, Kashipur launch Executive Certificate Programme in Product & Brand Management

  • Ed-Leaders’ Corner
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    ICFAI Launches ICFAI School of Social Sciences

    ICFAI Launches ICFAI School of Social Sciences

    AMITY UNIVERSITY MAHARASHTRA HOSTS ITS CONVOCATION CEREMONY AT MUMBAI CAMPUS

    AMITY UNIVERSITY MAHARASHTRA HOSTS ITS CONVOCATION CEREMONY AT MUMBAI CAMPUS

    Symbiosis Institute of Technology, Nagpur invites applications for B.Tech Course

    Symbiosis Institute of Technology, Nagpur invites applications for B.Tech Course

    India has 45,000 open jobs in Artificial Intelligence and annual salary for freshers ranges from 10 to 14 lakhs – states TeamLease Digital

    India has 45,000 open jobs in Artificial Intelligence and annual salary for freshers ranges from 10 to 14 lakhs – states TeamLease Digital

    Dream to Study in Germany Fair Organized by PFH University

    Dream to Study in Germany Fair Organized by PFH University

    iSchoolConnect convenes Study Abroad Fest across major Indian cities

    iSchoolConnect convenes Study Abroad Fest across major Indian cities

    Irish Minister Roderic O’Gorman visits SNDT Women’s University in  Mumbai to discuss cross-border collaborations

    Irish Minister Roderic O’Gorman visits SNDT Women’s University in Mumbai to discuss cross-border collaborations

    Indian students flock to the Sunshine State – Queensland  The Queensland Government deepens bilateral education ties, organises education fair with IDP for aspiring students and parents. The education fair witnessed participation from 10 leading universities of Queensland and senior Government officials.

    Indian students flock to the Sunshine State – Queensland The Queensland Government deepens bilateral education ties, organises education fair with IDP for aspiring students and parents. The education fair witnessed participation from 10 leading universities of Queensland and senior Government officials.

    What can Indian medical students expect when pursuing a career in medicine :   Advice from St. George’s University School of Medicine in Grenada

    What can Indian medical students expect when pursuing a career in medicine : Advice from St. George’s University School of Medicine in Grenada

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    How to get your dream specialty in INI CET counseling:  Tips by Gaurav Tyagi

    How to get your dream specialty in INI CET counseling: Tips by Gaurav Tyagi

    Deakin University introduces 12-month Master of Data Science (Global) in collaboration with Great Learning

    Around 4000 jobs posted everyday during the festive  season’22

    Around 4000 jobs posted everyday during the festive season’22

    OMOTEC to conduct 10-day Robotics Workshop for students

    OMOTEC to conduct 10-day Robotics Workshop for students

    Dr Mukesh Kwatr

    Development can go hand with forestation: Dr.Mukesh Kwatra

    How to make your future bright in Naturopathy: Dr N K Sharma

    How to make your future bright in Naturopathy: Dr N K Sharma

    Dr Sunita Gandhi

    Help teachers overcome the fear of tech: Dr. S Gandhi

    Blended learning is an important pedagogy for B-Schools

    Blended learning is an important pedagogy for B-Schools

    Understanding the objective of fellowship is important

    Understanding the objective of fellowship is important

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    “Societal Development is the aim of Space Technology:  Dr. A S Kiran Kumar

    “Societal Development is the aim of Space Technology: Dr. A S Kiran Kumar

    Wipro earthian awards 2021 felicitate excellence in sustainability education

    SP Jain Global receives slew of high rankings in the Australian Quality Indicators for Learning and Technology (QILT) 2021 Graduate Outcomes Survey

    SP Jain Global receives slew of high rankings in the Australian Quality Indicators for Learning and Technology (QILT) 2021 Graduate Outcomes Survey

    Venkaiah Naidu: New education policy in accordance with Mahatma Gandhi’s ethos

    Venkaiah Naidu: New education policy in accordance with Mahatma Gandhi’s ethos

    UAE leads winners at GESS Education Awards

    UAE leads winners at GESS Education Awards

    bml munjal

    BML Munjal University in Partnership with Indian Academy of Management hosts workshop to encourage management research

    The next important event is the citywide teachers’ council!

    The next important event is the citywide teachers’ council!

    TiE Delhi-NCR partners with Brainfeed

    TiE Delhi-NCR partners with Brainfeed to host ‘India Education Entrepreneurship Day’

    40 college societies and students get a chance to showcase their talent with realme’s Campus Stars Programs

    40 college societies and students get a chance to showcase their talent with realme’s Campus Stars Programs

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  • Home
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    “TATTVA : An International Sculptors Symposium”  from March 14th to 28th, 2023 at School of Visual Arts, World University of Design, Plot No : 1, Rajiv Gandhi Education City, Sonipat, Haryana-131 029, INDIA

    “TATTVA : An International Sculptors Symposium” from March 14th to 28th, 2023 at School of Visual Arts, World University of Design, Plot No : 1, Rajiv Gandhi Education City, Sonipat, Haryana-131 029, INDIA

    Review Meeting on Mental Wellness of Students

    Education minister discusses accreditation and ranking systems with HEIs

    Importance of New Start-Ups for Young Mind

    Importance of New Start-Ups for Young Mind

    Eros Group Is Now Great Place To Work® Certified

    Eros Group Is Now Great Place To Work® Certified

    AMITY UNIVERSITY MAHARASHTRA HOSTS ITS CONVOCATION CEREMONY AT MUMBAI CAMPUS

    AMITY UNIVERSITY MAHARASHTRA HOSTS ITS CONVOCATION CEREMONY AT MUMBAI CAMPUS

    Review Meeting on Mental Wellness of Students

    Review Meeting on Mental Wellness of Students

    Symbiosis Institute of Technology, Nagpur invites applications for B.Tech Course

    Symbiosis Institute of Technology, Nagpur invites applications for B.Tech Course

    India has 45,000 open jobs in Artificial Intelligence and annual salary for freshers ranges from 10 to 14 lakhs – states TeamLease Digital

    India has 45,000 open jobs in Artificial Intelligence and annual salary for freshers ranges from 10 to 14 lakhs – states TeamLease Digital

    Dream to Study in Germany Fair Organized by PFH University

    Dream to Study in Germany Fair Organized by PFH University

    iSchoolConnect convenes Study Abroad Fest across major Indian cities

    iSchoolConnect convenes Study Abroad Fest across major Indian cities

  • Academics
    • All
    • Admission
    • Exams
    • Internship
    • Results
    • Scholarship
    • Study Abroad
    Wiley in Indiainnovates with examinationprep offerings; focuses on UPSC prep market

    Wiley in Indiainnovates with examinationprep offerings; focuses on UPSC prep market

    GITAM announces new Academic Advisory Board members

    GITAM announces new Academic Advisory Board members

    JEE topper from Maharashtra scores 100 percentile, had relocated to Kota five years back

    JEE topper from Maharashtra scores 100 percentile, had relocated to Kota five years back

    Institute of Bakery & Culinary Arts Invites Application for Various Courses

    Institute of Bakery & Culinary Arts Invites Application for Various Courses

    Deakin University introduces 12-month Master of Data Science (Global) in collaboration with Great Learning

    WHISTLING WOODS INTERNATIONAL HOSTED THE 2ND EDITION OF THE MEDIA & COMMUNICATION-MASTERCLASS MARATHON FEATURING RENOWNED WOMEN LEADERS FROM THE M&E INDUSTRY

    WHISTLING WOODS INTERNATIONAL HOSTED THE 2ND EDITION OF THE MEDIA & COMMUNICATION-MASTERCLASS MARATHON FEATURING RENOWNED WOMEN LEADERS FROM THE M&E INDUSTRY

    MDI Gurgaon business school wins RPG Blizzard 2022

    MDI Gurgaon business school wins RPG Blizzard 2022

    Applications for Paramedical Programmes now Open

    Applications for Paramedical Programmes now Open

    Times Professional Learning, Indian Institute of Management, Kashipur launch Executive Certificate Programme in Product & Brand Management

    Times Professional Learning, Indian Institute of Management, Kashipur launch Executive Certificate Programme in Product & Brand Management

  • Ed-Leaders’ Corner
    • All
    • Higher Education
    • K12
    ICFAI Launches ICFAI School of Social Sciences

    ICFAI Launches ICFAI School of Social Sciences

    AMITY UNIVERSITY MAHARASHTRA HOSTS ITS CONVOCATION CEREMONY AT MUMBAI CAMPUS

    AMITY UNIVERSITY MAHARASHTRA HOSTS ITS CONVOCATION CEREMONY AT MUMBAI CAMPUS

    Symbiosis Institute of Technology, Nagpur invites applications for B.Tech Course

    Symbiosis Institute of Technology, Nagpur invites applications for B.Tech Course

    India has 45,000 open jobs in Artificial Intelligence and annual salary for freshers ranges from 10 to 14 lakhs – states TeamLease Digital

    India has 45,000 open jobs in Artificial Intelligence and annual salary for freshers ranges from 10 to 14 lakhs – states TeamLease Digital

    Dream to Study in Germany Fair Organized by PFH University

    Dream to Study in Germany Fair Organized by PFH University

    iSchoolConnect convenes Study Abroad Fest across major Indian cities

    iSchoolConnect convenes Study Abroad Fest across major Indian cities

    Irish Minister Roderic O’Gorman visits SNDT Women’s University in  Mumbai to discuss cross-border collaborations

    Irish Minister Roderic O’Gorman visits SNDT Women’s University in Mumbai to discuss cross-border collaborations

    Indian students flock to the Sunshine State – Queensland  The Queensland Government deepens bilateral education ties, organises education fair with IDP for aspiring students and parents. The education fair witnessed participation from 10 leading universities of Queensland and senior Government officials.

    Indian students flock to the Sunshine State – Queensland The Queensland Government deepens bilateral education ties, organises education fair with IDP for aspiring students and parents. The education fair witnessed participation from 10 leading universities of Queensland and senior Government officials.

    What can Indian medical students expect when pursuing a career in medicine :   Advice from St. George’s University School of Medicine in Grenada

    What can Indian medical students expect when pursuing a career in medicine : Advice from St. George’s University School of Medicine in Grenada

  • Jobs
    • All
    • Career Advice
    • Get a Job
    • Recruit
    How to get your dream specialty in INI CET counseling:  Tips by Gaurav Tyagi

    How to get your dream specialty in INI CET counseling: Tips by Gaurav Tyagi

    Deakin University introduces 12-month Master of Data Science (Global) in collaboration with Great Learning

    Around 4000 jobs posted everyday during the festive  season’22

    Around 4000 jobs posted everyday during the festive season’22

    OMOTEC to conduct 10-day Robotics Workshop for students

    OMOTEC to conduct 10-day Robotics Workshop for students

    Dr Mukesh Kwatr

    Development can go hand with forestation: Dr.Mukesh Kwatra

    How to make your future bright in Naturopathy: Dr N K Sharma

    How to make your future bright in Naturopathy: Dr N K Sharma

    Dr Sunita Gandhi

    Help teachers overcome the fear of tech: Dr. S Gandhi

    Blended learning is an important pedagogy for B-Schools

    Blended learning is an important pedagogy for B-Schools

    Understanding the objective of fellowship is important

    Understanding the objective of fellowship is important

  • Events
    • All
    • Events
    “Societal Development is the aim of Space Technology:  Dr. A S Kiran Kumar

    “Societal Development is the aim of Space Technology: Dr. A S Kiran Kumar

    Wipro earthian awards 2021 felicitate excellence in sustainability education

    SP Jain Global receives slew of high rankings in the Australian Quality Indicators for Learning and Technology (QILT) 2021 Graduate Outcomes Survey

    SP Jain Global receives slew of high rankings in the Australian Quality Indicators for Learning and Technology (QILT) 2021 Graduate Outcomes Survey

    Venkaiah Naidu: New education policy in accordance with Mahatma Gandhi’s ethos

    Venkaiah Naidu: New education policy in accordance with Mahatma Gandhi’s ethos

    UAE leads winners at GESS Education Awards

    UAE leads winners at GESS Education Awards

    bml munjal

    BML Munjal University in Partnership with Indian Academy of Management hosts workshop to encourage management research

    The next important event is the citywide teachers’ council!

    The next important event is the citywide teachers’ council!

    TiE Delhi-NCR partners with Brainfeed

    TiE Delhi-NCR partners with Brainfeed to host ‘India Education Entrepreneurship Day’

    40 college societies and students get a chance to showcase their talent with realme’s Campus Stars Programs

    40 college societies and students get a chance to showcase their talent with realme’s Campus Stars Programs

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PNB Seeks Provisioning Relief From RBI for Rs 12,900-Crore Loss

PNB Head Sunil Mehta Likely To Appear Before SFIO

Punjab National Bank has asked for some time from Reserve Bank of India (RBI) so that it can provide reasons for the losses in the nearly Rs 13,000-crore Nirav Modi-Gitanjali Gems scam over four quarters instead of at one go as it expects to recover 40% of the loaned funds.

Bearing the full provisioning loss of over Rs 12,900 crore in the March-end balance sheet could wipe out more than a quarter of PNB’s net worth of Rs.48,000 crore. Such erosion in the book value would also restrict the bank’s ability to raise money in the market.

“We believe that RBI will agree to our request as there is a provision in its rule that losses can be spread over four quarters. Also, the entire amount is still not NPA as it will happen during the course of the full year. So what we are saying that we will provide towards LoU that remains unpaid till March 31 and then subsequently in the coming quarters”, said the bank in a press conference held by PNB on February 15.

“However to smoothen the effect of such provisioning on quarterly profit and loss, banks have the option to make the provisions over a period, not exceeding four quarters, commencing from the quarter in which the fraud has been detected,” the rule says. One person close to the situation said that the central bank may give such relaxation to PNB.

Tags: Provisioning ReliefPunjab National BankReserve Bank of India

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