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PSU banks may soon begin process to declare KFA wilful defaulter

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.

PNB Investment violated norms; no further action needed: Sebi

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.

PSU banks profit plunges 27% to Rs 37,000 cr in FY14

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.

PNB Q1 profit rises 10% to Rs 1,405 crore

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.

'SBI, PNB likely to tap capital market this year'

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.

PNB drops plan to enter Canadian market

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.

Jammu And Kashmir Bank to sell stake in insurance venture

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.

PNB MetLife FY'14 Net up 78% at Rs 192 crore

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.

State-run banks gain on RBI panel report

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.

PNB Q4 profit drops 28% to Rs 806 cr as NPAs rise

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.

PNB sells its stake in India Factoring for Rs 108 cr

Last Updated: Friday, April 18, 2014, 22:32

The company started its business in October 2010 with Rs 100 crore initial capital.

PNB opens 120 branches on 120th Foundation Day

Last Updated: Sunday, April 13, 2014, 15:03

The bank started its operation on April 12, 1895, in Lahore, now in Pakistan.