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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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Vijay Mallya must pay in full: PNB chief Usha Ananthasubramanian

Vijay Mallya must pay in full: PNB chief Usha Ananthasubramanian

Punjab National Bank MD Usha Ananthasubramanian on Wednesday dismissed Vijay Mallya's proposal to pay Rs 6,868 crore and stated that the beleaguered businessman should pay the whole amount and settle the dues.

PNB reports biggest quarterly loss in India's banking history; posts Rs 5,367 cr net loss in Q4

PNB reports biggest quarterly loss in India's banking history; posts Rs 5,367 cr net loss in Q4

The bank, however. saw its operating profit rise to Rs 3,228 crore, from Rs 3,203 crore in the year-ago quarter.

Crisil revises outlook for PNB bonds to 'negative'

Crisil Ratings has revised outlook for public lender Punjab National Bank's various bond programmes aggregating Rs 19,223 crore to 'negative'.

Govt to fill vacant post of chairman in 9 PSBs soon

A senior Finance Ministry official told PTI that the process to fill vacancies of non-executive chairman in nine state-run banks is underway.

PSU banks rally on RBI move; shares surge up to 12%

Shares of state-run banks today soared by up to 12 percent after Reserve Bank announced amendments to recognise more balance sheet items as common equity tier-I capital which will help unlock up to Rs 35,000 crore for these lenders impacted by asset quality troubles.

PNB declares 900 firms as wilful defaulters; owe Rs 11,000 crore

PNB declares 900 firms as wilful defaulters; owe Rs 11,000 crore

The bank has declared 904 entities as wilful defaulters with outstanding loan of Rs 10,869.71 crore at the end of December.

 

Vijay Mallya defiant on 'defaulter' tag; says PNB not 'the only bank'

Vijay Mallya defiant on 'defaulter' tag; says PNB not 'the only bank'

Known for his flamboyance and hosting lavish parties even when his companies have been declared defaulters by lenders, Mallya also said everybody has his own "perception" about his lifestyle and he would not comment on it.

 

PNB declares Vijay Mallya-led  United Breweries Holdings 'wilful defaulter'

PNB declares Vijay Mallya-led United Breweries Holdings 'wilful defaulter'

Vijay Mallya-led United Breweries Holdings Ltd on Tuesday said it has been declared a "Willful Defaulter" by Punjab National Bank (PNB) and the company is consulting lawyers to challenge the decision.

Bad assets hit PNB hard; Oct-Dec net plunges 93% to Rs 51 crore

Bad assets hit PNB hard; Oct-Dec net plunges 93% to Rs 51 crore

Bank's asset quality deteriorated further as gross non-performing assets (NPAs) or bad loans hit 8.47 percent of the gross advances during third quarter of current fiscal, as against 5.97 percent a year ago.

Wilful defaulter case: HC allows Kingfisher Airlines to argue its case before PNB

Wilful defaulter case: HC allows Kingfisher Airlines to argue its case before PNB

The Delhi High Court Thursday uphold its single judge's decision allowing Kingfisher Airlines lawyers to appear before lending bank Punjab National Bank (PNB) in the process to declare the ailing carrier and its guarantors, Vijay Mallya and UBHL, as wilful defaulters.

PNB Q2 Net at Rs 621 cr on fall in deposit cost, NPAs level

PNB Q2 Net at Rs 621 cr on fall in deposit cost, NPAs level

Punjab National Bank's net profit rose by 8 percent to Rs 621.03 crore in the July-September quarter of 2015-16 on lower deposit costs even as provisioning for bad assets increased.

PNB Q2 net profit up 8% at Rs 621 crore

PNB Q2 net profit up 8% at Rs 621 crore

 Punjab National Bank today reported 8 per cent rise in standalone net profit to Rs 621.03 crore for the second quarter ended September 30, 2015-16.

Govt infuses Rs 13,955 crore capital into 8 PSU banks

Govt infuses Rs 13,955 crore capital into 8 PSU banks

Eight public sector banks, including SBI, Punjab National Bank and Bank of Baroda, Wednesday said they have allotted equity shares on preferential basis to the government against capital infusion of Rs 13,955 crore.

State lenders PNB, BoB, OBC cut base rate by up to 0.40%

State lenders PNB, BoB, OBC cut base rate by up to 0.40%

State-run lenders Punjab National Bank, Bank of Baroda and Oriental Bank of Commerce have trimmed their base or minimum lending rates by up to 0.40 percent in response to RBI's policy rate cut.