Last Updated: Wednesday, August 13, 2014, 00:11
Three major PSU banks SBI, PNB and IDBI may soon initiate the process to declare Kingfisher Airlines and others as wilful defaulters after the firms failed to service their debt, sources said.
Last Updated: Tuesday, August 05, 2014, 20:55
Market regulator Sebi on Tuesday found PNB Investment Services of having violated certain merchant banker norms, but has let off the entity and its MD saying that they have already undergone debarment for over 2 years under an interim order.
Last Updated: Tuesday, August 05, 2014, 19:04
These banks in which government owns more than 51 percent had total net profit of Rs 50,583 crore in 2012-13.
Last Updated: Friday, July 25, 2014, 14:00
State-owned Punjab National Bank on Friday posted a 10.2 percent growth in net profit at Rs 1,405 crore during the April-June quarter, helped by a rise in interest income.
Last Updated: Friday, July 11, 2014, 19:30
Public sector SBI and PNB could be among the first banks to tap capital market this financial year to raise funds to meet global risk norms Basel III, a top finance ministry official said here Friday.
Last Updated: Sunday, June 22, 2014, 19:32
State-run Punjab National Bank (PNB) has dropped plans of entering the Canadian market as regulatory clearances were taking a long time.
Last Updated: Thursday, June 05, 2014, 14:54
Jammu And Kashmir Bank Ltd will raise 5-6 billion rupees (USD 84- USD 101 million) by selling its 5 percent equity holding in a life insurance company by the end of this year.
Last Updated: Thursday, May 15, 2014, 18:50
Private sector player PNB MetLife India (PNB MetLife) on Thursday reported 78 per cent growth in net profit at Rs 192 crore for 2013-14.
Last Updated: Wednesday, May 14, 2014, 12:40
Shares of state-run banks on Wednesday rose by as much as 5 percent after an RBI panel report said the government should reduce holdings in PSU lenders to under 50 percent.
Last Updated: Tuesday, May 13, 2014, 19:28
State-run Punjab National Bank's net profit declined by over 28 percent to Rs 806.35 crore in the quarter ended March, 2014, due to higher provisioning for rising bad loans.
Last Updated: Friday, April 18, 2014, 22:32
The company started its business in October 2010 with Rs 100 crore initial capital.
Last Updated: Sunday, April 13, 2014, 15:03
The bank started its operation on April 12, 1895, in Lahore, now in Pakistan.
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