Punjab National Bank

PNB to raise Rs 5,000 crore; appoints merchant bankers

PNB to raise Rs 5,000 crore; appoints merchant bankers

The work on consolidation would start after recapitalisation as it is going to be a booster for capital adequacy, he added.

Nov 06, 2017, 19:20 PM IST
People are shifting towards digital transaction, says Arun Jaitley

People are shifting towards digital transaction, says Arun Jaitley

Digital transactions and transactions through banking instruments is going to grow, he added.

Nov 06, 2017, 14:24 PM IST

J&K: ATM machine stolen in Pulwama

An ATM of the Punjab National Bank was stolen from south Kashmir's Pulwama district, police said on Sunday.

Nov 05, 2017, 21:07 PM IST
PNB Q2 profit marginally up at Rs 561 crore

PNB Q2 profit marginally up at Rs 561 crore

Operating profit of the bank grew by 20 per cent to Rs 3,279 crore during the quarter under review from Rs 2,732 crore in same period a year ago.

Nov 03, 2017, 15:30 PM IST

PNB to raise up to Rs 11,000 crore via various securities

The Board of Directors accorded approval for raising common equity tier capital up to Rs 5,000 crore as per Basel III requirements.

Sep 27, 2017, 23:43 PM IST
Air India ties up with PNB, IndusInd for Rs 3,250 crore loan

Air India ties up with PNB, IndusInd for Rs 3,250 crore loan

On June 28, the Cabinet Committee on Economic Affairs (CCEA) had given in-principle approval for strategic disinvestment of Air India and five of its subsidiaries.

Sep 27, 2017, 17:50 PM IST
PNB plans to raise up to Rs 5,000 crore from market

PNB plans to raise up to Rs 5,000 crore from market

PNB had reported over 12 percent rise in net profit at Rs 343.40 crore for the quarter ended June 30, 2017.

Sep 22, 2017, 15:24 PM IST
PNB loans to get cheaper as bank cuts MCLR, base rate by up to 0.25%

PNB loans to get cheaper as bank cuts MCLR, base rate by up to 0.25%

Punjab National Bank has also reduced the MCLR by 0.20 percent on one- year, three years and five years maturities to 8.15 percent, 8.30 percent and 8.45 percent respectively.

Aug 31, 2017, 15:16 PM IST
Defaulters owe 27% of total amount to SBI alone, PNB next

Defaulters owe 27% of total amount to SBI alone, PNB next

Punjab National Bank (PNB) is next on the list with 1,120 wilful defaulters having outstanding non-performing assets (NPAs) or bad loans of Rs 12,278 crore.

Aug 20, 2017, 16:14 PM IST
PNB customers to pay higher charges for non-credit services

PNB customers to pay higher charges for non-credit services

Come September, PNB customers will have to pay charges for depositing cash above Rs 5,000 in a non-base branch even if it is located in the same city.

Aug 06, 2017, 12:52 PM IST
PNB Q1 net profit goes up 12% to Rs 343 crore, NPAs decline

PNB Q1 net profit goes up 12% to Rs 343 crore, NPAs decline

The bank had posted a net profit of Rs 306.36 crore during the corresponding quarter of the previous fiscal.

Aug 02, 2017, 12:49 PM IST

NCLT reserves order on Bhushan Steel bankruptcy petition

The National Company Law Tribunal (NCLT) on Wednesday reserved its order over the bankruptcy petition filed by the country's largest lender SBI against Bhushan steel Ltd.

Jul 19, 2017, 14:14 PM IST
Number of public sector banks may go down to 12 as government mulls consolidation

Number of public sector banks may go down to 12 as government mulls consolidation

The 21 public sector banks would get consolidated to 10- 12 in the medium term, the official said.

Jul 16, 2017, 12:56 PM IST
PNB to block all Maestro debit cards from July 31

PNB to block all Maestro debit cards from July 31

Punjab National Bank (PNB) Maestro debit cards holders will face a card blockage if they fail to replace it with a more secure EMV chip based card by the end of this month.

Jul 02, 2017, 13:02 PM IST
PNB records Q4 profit at Rs 262 crore

PNB records Q4 profit at Rs 262 crore

Total income increased to Rs 14,989.33 crore in the quarter, from Rs 12,669.21 crore in the same period last year.

May 16, 2017, 16:57 PM IST

PNB shares up 4.5% on Q4 profit; mcap rises by Rs 1,617 crore

Shares of Punjab National Bank on Tuesday rose by 4.5 percent after the company reported a net profit of Rs 261.9 crore for the three months to March 2017.

 

May 16, 2017, 16:54 PM IST
PNB revises down lending rate by 0.10-0.15%

PNB revises down lending rate by 0.10-0.15%

Public lender Punjab National Bank has revised down marginal cost based lending rates by 0.10- 0.15 per cent for various maturities effective Monday.

May 01, 2017, 16:43 PM IST
PNB revises down MCLR by 0.10-0.15% from today

PNB revises down MCLR by 0.10-0.15% from today

Public lender Punjab National Bank has revised down marginal cost based lending rates by 0.10- 0.15 per cent for various maturities effective Monday.

May 01, 2017, 16:42 PM IST
CBI arrests four for cheating banks to the tune of Rs 2240 crore

CBI arrests four for cheating banks to the tune of Rs 2240 crore

The CBI has arrested four directors of Surya Vinayak Industries Limited for allegedly cheating consortium of banks to the tune of Rs 2240 crore.

Apr 12, 2017, 12:58 PM IST
ICICI Bank, SBI, StanChartered top bank frauds list: RBI

ICICI Bank, SBI, StanChartered top bank frauds list: RBI

ICICI Bank topped the list of banks that witnessed most number of frauds during April-December period of 2016 with state-owned SBI taking the second spot, RBI data said.

Mar 12, 2017, 13:19 PM IST