close
This ad will auto close in 10 seconds

NCLT reserves order on Bhushan Steel bankruptcy petition

The National Company Law Tribunal (NCLT) on Wednesday reserved its order over the bankruptcy petition filed by the country's largest lender SBI against Bhushan steel Ltd.

Number of public sector banks may go down to 12 as government mulls consolidation

Number of public sector banks may go down to 12 as government mulls consolidation

The 21 public sector banks would get consolidated to 10- 12 in the medium term, the official said.

PNB to block all Maestro debit cards from July 31

PNB to block all Maestro debit cards from July 31

Punjab National Bank (PNB) Maestro debit cards holders will face a card blockage if they fail to replace it with a more secure EMV chip based card by the end of this month.

PNB records Q4 profit at Rs 262 crore

PNB records Q4 profit at Rs 262 crore

Total income increased to Rs 14,989.33 crore in the quarter, from Rs 12,669.21 crore in the same period last year.

PNB shares up 4.5% on Q4 profit; mcap rises by Rs 1,617 crore

Shares of Punjab National Bank on Tuesday rose by 4.5 percent after the company reported a net profit of Rs 261.9 crore for the three months to March 2017.

 

PNB revises down lending rate by 0.10-0.15%

PNB revises down lending rate by 0.10-0.15%

Public lender Punjab National Bank has revised down marginal cost based lending rates by 0.10- 0.15 per cent for various maturities effective Monday.

PNB revises down MCLR by 0.10-0.15% from today

PNB revises down MCLR by 0.10-0.15% from today

Public lender Punjab National Bank has revised down marginal cost based lending rates by 0.10- 0.15 per cent for various maturities effective Monday.

CBI arrests four for cheating banks to the tune of Rs 2240 crore

CBI arrests four for cheating banks to the tune of Rs 2240 crore

The CBI has arrested four directors of Surya Vinayak Industries Limited for allegedly cheating consortium of banks to the tune of Rs 2240 crore.

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.