Bank stocks up on govt steps to address NPAs
Bank stocks up on govt steps to address NPAs

Shares of banks on Friday went up by about 6 percent after the government said that it is planning to set up a high-level panel to effectively deal with the issue of mounting bad loans.

PNB Q2 net profit up 8% at Rs 621 crore
PNB Q2 net profit up 8% at Rs 621 crore

 Punjab National Bank today reported 8 per cent rise in standalone net profit to Rs 621.03 crore for the second quarter ended September 30, 2015-16.

RBI impact: Banks cut interest rates; loans to turn cheaper
RBI impact: Banks cut interest rates; loans to turn cheaper

A number of banks including state-run PNB, IDBI Bank and Bank of Baroda, as also private sector lender Axis Bank Wednesday lowered lending rates -- a day after RBI surprised with a larger-than-expected policy rate cut and prodded banks to pass on the benefits.

PNB identifies 400 wilful defaulters; to sell Rs 3,000 crore NPAs

Saddled with bad loans, PNB on Tuesday said it has reported to RBI 400 'wilful defaulters', and plans to sell Non Performing Assets worth up to Rs 3,000 crore to ARCs in the current fiscal.

PNB Q1 net dips 49% to Rs 721 crore on higher provisioning

Punjab National Bank (PNB)'s first quarter net profit of current fiscal Tuesday showed a 48.68 percent decline from Rs 1,405 crore reported the same quarter of 2014-15 fiscal.

Bank stocks witness selling pressure

Bank stocks on Friday witnessed a selling pressure after the Financial Stability Report said that asset quality deterioration is likely to continue for a few more quarters.

PNB cuts rate on FD on select maturities by up to 0.25%

The bank has slashed the interest rate by 0.25 percent from 7.75 percent to 7.50 on term deposits with 180 days to one year tenure.

Interviews for CEO posts at 5 large PSU Banks start from Monday

As many as 26 candidates, including executives from private sector banks, are to appear for the interviews on June 15 and 16, sources said.

Private bankers to be interviewed for CEO/MD post at 5 large PSBs

While the age limit was increased to 57 years, from 55 years earlier, the mandatory board-level experience for the applicants were reduced to one year from three years previously to invite more experienced talent for heading large public sector banks.

PNB, Axis Bank cut fixed deposit rate by 0.25%

Two leading banks Punjab National Bank (PNB) and Axis Bank Wednesday slashed interest rate on fixed deposits by 0.25 percent on select maturities, a move which could be seen as precursor to a cut in lending rates.

PNB waives processing fee on housing, car loans till Dec

Punjab National Bank (PNB) has launched monsoon bonanza offer in which the bank is offering full waiver of upfront or processing fees and documentation charges on all housing and car loans.

Now PNB, IDBI Bank do it, cuts lending rate by 0.25%

Joining the rate cut spree, two public sector lenders, Punjab National Bank and IDBI Bank, Wednesday cut their base rates by 0.25 percent to 10 percent, which will lead to lower EMIs for its customers.

PNB cuts fixed deposit rates by 0.25%

State-owned Punjab National Bank Thursday reduced interest rate on fixed deposit by 0.25 percent on select maturities, a moves which is seen as precursor to cut in the lending rate.

Moody's raises outlook for 15 banks, FIs to 'positive'

Credit rating agency Moody's Thursday revised upwards the outlook to positive, from stable, for 12 state-owned banks and financial institutions including SBI, PNB, Canara Bank, REC and PFC.

Frauds worth Rs 11,022 crore detected in PSU banks in Apr-Dec

PSU banks have reported over 2,100 fraud cases involving a sum of Rs 11,022 crore in the first nine months of the ongoing fiscal, with PNB reporting the maximum number of such instances.

PNB tumbles over 7% as bad loans jump in Q3

Punjab National Bank, the fifth-biggest Indian lender by assets, reported a lower-than-expected quarterly profit as bad loans jumped, sending its shares down more than 7 percent.

Naresh Goyal not to bring down holding below 51%: Jet Airways

In a statement the airline said that the undertaking given to PNB is "an undertaking of non-disposal of any further equity and not a matter of pledging of his shares".

25th Lal Bahadur Shastri hockey tourney from December 15
25th Lal Bahadur Shastri hockey tourney from December 15

The silver jubilee Lal Bahadur Shastri hockey tournament will take place from December 15 to 21 at the Shivaji stadium here.

PSU banks wrote off Rs 34,000 cr loan in FY 2014: Sinha

Public sector banks, including SBI, PNB and Central Bank of India, have written off about Rs 34,000 crore, including one-time settlement, during 2013-14, which constitutes 34 percent of the total non-performing assets.

PNB shares settle down 1.79%; m-cap erodes by Rs 1,373 cr

Kamath after he completed his 5-year term in the state-run bank on Monday.