PNB

PNB official convicted in graft case

A Special CBI Judge has convicted a former branch manager of Punjab National Bank in a graft case and sentenced him to undergo three years rigorous imprisonment with a total fine of Rs 40,000.

Major fire at bank premises near Parliament

A major fire has been reported to have broken out at Punjab National Bank head office near Parliament here on Wednesday.

Special Operation Group to probe PNB ATM theft

Investigations into the Rs 6.5
lakh heist from a bank ATM in Modinagar here was on Saturday
handed over to a Special Operations Group.

Consumer fora pulls up PNB for showing wrong entry

The Delhi State Consumer
Commission has pulled up PNB for wrongly
showing entry of withdrawal from a customer account and asked
it to pay a compensation of Rs 12,500 to the complainant.

Bank manager found dead at home in UP

A 38-year-old manager of a bank was found dead under mysterious circumstances at his residence in Uttar Pradesh`s Kushinagar district, police said Wednesday.

Three injured in accidental firing at Delhi bank

Three persons sustained minor
bullet injuries at a central Delhi bank today when the service
rifle of a security guard accidentally went off after it
slipped from his shoulder, police said.

PNB may raise Rs 6,800 cr from bonds

The country`s second largest
public sector lender Punjab National Bank on Wednesday said it
could raise up to Rs 6,800 crore from bonds to fund growth
plans.

PNB declares 100% dividend despite flat Q3 numbers

Hit by low treasury income and
higher provisioning, the net profit of Punjab National Bank
(PNB) remained flat at Rs 1,011 crore for the third quarter
ended December.

PNB revises interest rates on non-resident deposits

The country’s second largest public sector lender, Punjab National Bank, has revised interest rates on Foreign Currency Non-Resident deposit schemes effective from January 1.

PNB confident of 18% credit growth this fiscal

Punjab National Bank today said it
expects to achieve 18 per cent credit growth, in line with the
RBI`s projection, in the current financial year despite tepid
demand from the farm sector.

CBS in PNB sponsored RRBs by June 2010: Kamath

PNB has said it will complete introduction of CBS in all five sponsored Regional Rural Banks (RRBs) by the end of June 2010, three months ahead of schedule.

PNB may raise Rs 7,000 cr from bonds

The country`s second largest public sector lender, Punjab National Bank, on Wednesday said it can raise up to Rs 7,000 crore from bonds to fund growth plans.

PNB to spend $18-20 mn to acquire Dana bank

Public-sector lender Punjab National Bank on Tuesday said it will complete acquisition of Kazakhstan-based Dana bank this fiscal for a consideration of USD 18-20 million.

PNB eyes majority stake in Kazakhstan based bank

Punjab National Bank plans to acquire a majority stake in a Kazakhstan-based bank to expand its presence in central Asia, its Chairman and Managing Director KR Kamath said here on Saturday.

PNB slashes interest rates on term deposits by 25-50 bps

In view of surplus liquidity,
state-run Punjab National Bank will reduce interest rates on
fixed deposits by 25-50 basis points for select categories
from November 9.

Moody`s rating hikes PNB`s standing in UK

Punjab National Bank (International) Ltd, a UK-based wholly owned subsidiary of Punjab National Bank (PNB), has been awarded `Investment grade` ratings with
`Stable outlook` by the leading rating agency Moody`s.

Despite downturn, PNB in UK doubles deposits

Despite economic downturn, four
branches of the Punjab National Bank in Britain doubled their
deposits in the six months ending September 2009, official
sources here said.

Kazakh Metrokombank says PNB may buy stake

Punjab National Bank may buy a stake in small Kazakh lender Metrokombank, the bank said on Friday.

PNB cuts interest rates on non-resident deposits

Punjab National Bank has slashed interest rates on Foreign Currency Non-Resident deposit schemes for dollar, pound and euro effective from yesterday.

PNB reduces home and car loan by 50 basis points

Following State Bank of India`s
footsteps, Punjab National Bank on Thursday slashed home and car
loans by 50 basis points.