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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.

College chairman, bank manager booked for scholarship scam

Police have registered a case against the chairman of a local college and the branch manager of a public sector bank here for misappropriation of Rs 65 lakh from a government fund.

PNB Q3 net profit jumps over 4-fold to Rs 207 crore

PNB Q3 net profit jumps over 4-fold to Rs 207 crore

Punjab National Bank (PNB) on Tuesday reported over four-fold jump in net profit to Rs 207.18 crore for the third quarter ended December 31, 2016-17, on account of lower provisioning.

United Bank of India slashes lending rate by up to 0.90%

United Bank of India slashes lending rate by up to 0.90%

Public lender United Bank of India slashed its benchmark lending rate by up to 0.90 percent, joining others such as State Bank of India, ICICI Bank, HDFC Bank and Punjab National Bank.

PNB reduces MCLR by 70 bps with effect from Jan 1

PNB reduces MCLR by 70 bps with effect from Jan 1

After SBI, Punjab National Bank (PNB) has slashed its overnight Marginal cost of funds based lending rate (MCLR) by 70 bps to 8.20 per cent. 

PNB, South Indian Bank lower lending rates for December

PNB, South Indian Bank lower lending rates for December

Punjab National Bank has cut the marginal cost of funds based lending rate (MCLR) by 0.05-0.10 percentage points for December across maturities of various tenors.

Punjab National Bank slashes deposit rates by upto 0.25%

Punjab National Bank slashes deposit rates by upto 0.25%

Flush with funds, Punjab National Bank (PNB) on Saturday trimmed interest rate on fixed deposits by up to 0.25 per cent in line with competition.

Demenetisation impact: Bank stocks surge up to 12%, PNB zooms 11.9%

Demenetisation impact: Bank stocks surge up to 12%, PNB zooms 11.9%

Bank stocks rose sharply by up to 12 percent today after the government's decision to withdraw Rs 500 and Rs 1,000 currency notes from circulation to curb black money and terror funding.

Banks to cut price of Kingfisher Villa and auction again: PNB

Banks to cut price of Kingfisher Villa and auction again: PNB

The consortium of 17 banks may reduce the reserve price of over Rs 85 crore to auction Kingfisher Villa in Goa again as efforts to sell the property to recover dues failed last month.

PNB Housing Finance receives Sebi nod for Rs 2,500-crore IPO

PNB Housing Finance receives Sebi nod for Rs 2,500-crore IPO

PNB Housing Finance has received capital markets regulator Sebi's go ahead to raise Rs 2,500 crore through an initial public offering.

ED questions VK Singh's aide SP Singh over loan default case

The Enforcement Directorate is likely to freeze the 30 crore loan amount or property of SP Singh.

Attention Punjab National Bank customers: Update KYC by October 1, or face account block

Attention Punjab National Bank customers: Update KYC by October 1, or face account block

State-owned Punjab National Bank (PNB) has asked its customers whose accounts are due for KYC update to do so by October 1, failing which it may block all their banking transactions.

PNB current account holders to pay more for not having minimum balance

PNB current account holders to pay more for not having minimum balance

Public sector Punjab National Bank (PNB) will impose a heavier fine from October on current account holders for not maintaining the quarterly average balance as per the revised tariff.

E-verifying without net banking: More banks to follow PNB,UBI

E-verifying without net banking: More banks to follow PNB,UBI

After Punjab National Bank and United Bank of India, more banks are likely to soon start a facility wherein an account holder can verify his income tax return on e-filing site even without having netbanking.

PNB profit more than halves to Rs 306 crore in Q1

Having posted a record loss of Rs 5,367 crore in the earlier quarter, PNB Thursday reported a 58 percent decline in net profit to Rs 306 crore for April-June period of the current fiscal on account of rising bad loans.

PNB Housing Finance readies Rs 2,500-crore IPO, heads to tier 2, 3 cities

PNB Housing Finance readies Rs 2,500-crore IPO, heads to tier 2, 3 cities

PNB Housing Finance, which has set the ball rolling for a Rs 2,500-crore IPO, is looking to take its growth to the next level with a pan-India expansion to meet surging demand from tier-II and tier-III cities, a top company executive said.

Finance Ministry to soon clear 1st tranche of capital infusion in PSBs

Finance Ministry to soon clear 1st tranche of capital infusion in PSBs

The Finance Ministry is likely to soon clear the first round of capital infusion in public sector banks that has been slated for the current financial year.

Good News! PNB waives processing fee for home, car loans till Sept 30

Good News! PNB waives processing fee for home, car loans till Sept 30

In a first in the current fiscal, Punjab National Bank has waived processing fee and documentation charges for new housing and car loans till September 30 as a part of its three-month 'monsoon bonanza' offer.

Punjab National Bank declares list of 913 wilful defaulters; Kingfisher Airlines owes Rs 597.44 cr

Punjab National Bank declares list of 913 wilful defaulters; Kingfisher Airlines owes Rs 597.44 cr

The large wilful defaulters, according to the list published by PNB, include embattled businessman Vijay Mallya's Kingfisher Airlines with an outstanding of Rs 597.44 crore.

PNB reports biggest quarterly loss in India's banking history

PNB reports biggest quarterly loss in India's banking history

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