PNB Punjab National Bank

The bank's prime goal in 2020-21 would be to strengthen its balance sheet so that it can create a better case for the amalgamated entity for the next fiscal, too, Rao said

The bank's total income during the March quarter rose to Rs 16,388.32 crore from Rs 14,725.13 crore in the year-ago period

The housing finance company (HFC) said its incremental borrowing last fiscal was Rs 21,870 crore

Deposits of Rs 50 lakh and above will earn interest of 3.25 per cent as against 3.75 per cent currently

There is a facility of standby line of credit for MSMEs as well as PNB COVID-19 Emergency Credit Facility (PNB-CECF), the bank said

The government provided Rs 16,091 crore to PNB and Rs 1,666 crore to United Bank of India in September for enhancing the capital base of these two lenders

Earlier this month, JSL announced its exit from CDR framework. The company received a letter from the consortium of CDR lenders to this effect on March 4.

Modi, who has allegedly defrauded state-run Punjab National Bank of over Rs 14,000 crore, is currently lodged in a British jail

Nifty PSU Bank index, the top loser among sectoral indices, was down 2 per cent, as compared to 0.79 per cent rise in the benchmark Nifty 50 index.

In terms of ratio, the GNPA for the recently concluded quarter improved sequentially, but was flat YoY, to 16.3 per cent. The NNPA ratio was 7.18 per cent.

Among the key monitorables, analysts would watch out for an update on integration and merger of United Bank of India and Oriental Bank of Commerce with PNB.

Khattar, a former IAS officer had joined then government-owned Maruti Udyog in 1999.

The public sector lender's slippages jumped 38 per cent sequentially from Rs 5,412 crore reported in Q1FY20 to Rs 7,460 crore in the quarter under review, the bank's management said.

This is the maiden fundraising via the ECB route in 2019-20 by PNB Housing Finance. The company further said that other ECB proposals are in the pipeline

PNB said on Saturday that Bhushan Power & Steel Ltd had misappropriated bank funds and had manipulated its books of accounts to raise funds from consortium lender banks.

The stock dipped 8% at Rs 68.20, falling 13% from intra-day high level of Rs 78.60 on the BSE, after the bank reported higher-than-expected net loss in September quarter at Rs 45.32 billion in Q2FY19.