Page 11 - Pnb

PNB to raise Rs 7,000 crore through QIP by December this year

Bank receives fewer proposals for restructuring than expected as companies fear impact on ratings

PNB eyes Rs 7,000 crore from QIP in Dec, credit growth to be less than 5%

Punjab National Bank (PNB) on Tuesday said it is planning to raise Rs 7,000 crore through share sale next month to shore up its capital base for meeting business plan

PNB Housing Finance set to prune corporate loan book by Rs 1,500 cr

There was a sell down and accelerated pre-payment of Rs 477 crore in the corporate book

Punjab National Bank net profit rises 22% to Rs 621 crore in Sept quarter

Punjab National Bank (PNB) on Monday reported a 22 per cent jump in net profit to Rs 620.81 crore for the second quarter ended September 30

PNB To lead consortium of banks lending to UP's Gorakhpur Link Expressway

State govt will borrow Rs 2,250 crore in all for the project, PNB's share stands at Rs 750 crore

PNB launches financial inclusion, literacy initiative Gram Sampark Abhiyan

State-owned Punjab National Bank (PNB) on Friday launched a financial inclusion and literacy initiative 'Gram Sampark Abhiyan' to commemorate the 150th birth anniversary of Mahatma Gandhi. The nationwide campaign was launched by Minister of Agriculture and Farmers Welfare Narendra Singh Tomar, PNB said in a statement. The campaign is centred on four key themes -- digital, credit, social security and financial literacy that will encapsulate various activities and prescribes the cherished theme of 'Aatmanirbhar Bharat', it said. Upon commencement, PNB's 3,930 rural and 2,752 semi-urban branches will aim to reach 526 districts during the campaign, with two camps per branch every month, it said. This campaign will culminate on December 31, 2020 covering 526 districts in 24 states, including Maharashtra, Uttar Pradesh, Bihar, Gujarat, Odisha, Manipur, Tripura and Telangana.

UTI MF, Mazagaon Dock IPOs open Sept 29, Angel Broking sees muted demand

The Rs 600-crore IPO of Angel Broking garnered nearly four times subscription

Kazakhstan cancels PNB subsidiary's licence for failing to meet norms

PNB holds 41.64 per cent in JSC Tengri Bank, the bank said in a regulatory filing

PNB makes first recovery of Rs 24 cr in Nirav Modi fraud case in US

This was the maiden corporate fraud case abroad that MCA intervened in; Rs 82 cr in all will be distributed among unsecured creditors, including PNB, after assets of tainted group are liquidated

Interpol issues global arrest warrant against Nirav Modi's wife in PNB case

Ami Modi, Nirav's wife, is stated to have left country soon after the alleged bank fraud case came into light in 2018

At least 5% of PNB's Rs 7.21 trillion loan book may be restructured

Majority of restructured loan accounts would belong to corporate segment, bank does not see large number of MSMEs going for loan revamp

Bank stks in focus; Nifty Bank adds over 2.5%; IDFC First gains 7%, SBI 2%

Global agency Moody's pegs the banks' recap needs at Rs 1.9 lakh crore to Rs 2.1 lakh crore ($25 billion-$28 billion) in external capital over the next two years under its base scenario

NCLAT sets aside order against former PNB official in Nirav Modi case

NCLAT has set aside an order to implead a former Executive Director of the Punjab National Bank in a matter related to Rs 14,000 crore scam involving diamond merchant Nirav Modi

Market Ahead, Aug 17: Top factors that could guide markets this week

More than 200 companies, including PNB, Zee Entertainment, CSB Bank, and Muthoot Finance are scheduled to announce their June quarter earnings this week

Over 1,700 big wilful defaulters together owe Rs 37,020 crore to PNB

Leading the chart is Mehul Choksi-promoted Gitanjali Gems Ltd with an outstanding loan of Rs 5,064.84 crore

ED confiscates over Rs 329-cr assets of Nirav Modi under fugitive law

A special court in Mumbai had on June 8 authorised the ED to confiscate the assets

PNB says board will consider a proposal to raise capital on July 9

Besides, the board will clear opening balance sheet of the amalgamated bank as on April 1

Complete tech integration with OBC, United Bank of India this fiscal: PNB

The integration of the core banking solution platform would take slightly longer time as the merged entity had an older version of this platform, PNB chief said

PNB chief expects a comeback in FY21 with 8-10% credit growth post merger

Merged entity likely to report 8-10% credit growth, better asset quality next fiscal; equity offering by December

Govt to soon unveil name, logo of merged entity of UBI, PNB, OBC: Official

The Centre will soon announce the new name and logo of the entity to be emerged after the merger of Punjab National Bank (PNB) United Bank of India (UBI) and Oriental Bank of Commerce (OBC), an official said on Friday. The new entity will be the second largest bank in the country after State Bank of India (SBI) with a total business volume of Rs 18 lakh crore, he said. "The government is expected to announce the new name and logo of the merged bank which will become operational from April 1, 2020," an UBI official told PTI. He said logo is very important for creating an identity of the new lender and discussions on this aspect have been taken place at the highest level of the three state-run banks. The official also said the 34-odd committees, formed by the three banks for standardisation and harmonisation of procedures, have already submitted their reports to the respective boards of the lenders. "Consultant Ernst & Young (E&Y), which has been appointed by the ..