PNB

PNB launches SMS alert service in regional languages

State-owned Punjab National Bank on Wednesday said it has launched many services, including SMS alert in Hindi and other languages and Indo-Nepal Remittance.

SBI, ICICI, PNB and others move to lending rates based on marginal cost

SBI, ICICI, PNB and others move to lending rates based on marginal cost

The new interest rates vary from 8.95 percent for overnight to 9.35 percent for three years, SBI said in a document posted on its website Thursday.

After SBI and PNB, UBI to declare Vijay Mallya wilful defaulter?

After SBI and PNB, UBI to declare Vijay Mallya wilful defaulter?

After being declared as wilful defaulter by State Bank of India and Punjab National Bank, one more state-run lender United Bank of India Monday said it is continuing its efforts to declare liquor barron Vijay Mallya as wilful defaulter.

PNB declares 900 firms as wilful defaulters; owe Rs 11,000 crore

PNB declares 900 firms as wilful defaulters; owe Rs 11,000 crore

The bank has declared 904 entities as wilful defaulters with outstanding loan of Rs 10,869.71 crore at the end of December.

 

Shocking! Banks can recover just Rs 6 crore out of Rs 7000 crore loan lent to Kingfisher

Shocking! Banks can recover just Rs 6 crore out of Rs 7000 crore loan lent to Kingfisher

Find out why the 17-bank consortium, who lent Rs 6,900 crore to Kingfisher Airlines, may never succeed in recovering money from the defunct airline

Bad assets hit PNB hard; Oct-Dec net plunges 93% to Rs 51 crore

Bad assets hit PNB hard; Oct-Dec net plunges 93% to Rs 51 crore

Bank's asset quality deteriorated further as gross non-performing assets (NPAs) or bad loans hit 8.47 percent of the gross advances during third quarter of current fiscal, as against 5.97 percent a year ago.

Wilful defaulter case: HC allows Kingfisher Airlines to argue its case before PNB

Wilful defaulter case: HC allows Kingfisher Airlines to argue its case before PNB

The Delhi High Court Thursday uphold its single judge's decision allowing Kingfisher Airlines lawyers to appear before lending bank Punjab National Bank (PNB) in the process to declare the ailing carrier and its guarantors, Vijay Mallya and UBHL, as wilful defaulters.

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.