Page 13 - Pnb

PNB to sell stake in PNB Housing to General Atlantic, Varde for Rs 1,851 cr

PNB has entered into an agreement to sell 1,08,91,733 equity shares held in PNB Housing Finance Ltd to Varde Partners at a price of Rs 850 per share, aggregating to Rs 925.80 crore

Fraud-hit PNB bounces back into black with Rs 246-crore profit in Q3

Had suffered Rs 4,530-crore net loss in the second quarter of the current fiscal

PNB decides national anthem will be sung at every Annual General Meeting

According to Reserve Bank of India and Securities and Exchange Board of India rules, it is not mandatory for shareholders to sing the national anthem at AGMs and EGMs

Eight PNB employees of Mumbai's Brady house branch arrested for fraud

The case is different from a much bigger one involving billionaire jeweller Nirav Modi and his associates.

Fitch removes PNB from rating watch negative; lender's NPA ratio peaks

Lender's profitability remains under pressure, says ratings agency

Sebi exempts govt from making an open offer in PNB capital infusion

The capital infusion is part of the government's programme to help the bank in meeting capital adequacy norms

PNB hikes MCLR by 5 bps from November 1, retail loans to be costlier

The benchmark one-year MCLR rate -- on which most of the retail loans are based--stands increased to 8.50 per cent

PNB scam: Antigua and Barbuda examining Mehul Choksi's extradition request

External Affairs Minister Sushma Swaraj had met Foreign Minister of Antigua and Barbuda E P Chet Greene last month on the sidelines of the 73rd session of the UN General Assembly

Amalgamation not on cards, focus on internal consolidation, says PNB MD

'Right now we are focussed on internal consolidation and we are not aspiring for any inorganic expansion'

Four men arrested in connection with loan racket in fraud-hit PNB

Four persons including an official of Punjab National Bank Brady house branch in Mumbai whose name figured in the Nirav Modi controversy were arrested in connection with a loan racket, the police said Friday. The accused were identified as Amarjeet Singh, Ajay Kumar Sharma, Suresh and P K Varun (Assistant General Manager) of PNB, they said. Police said the accused Singh in connivance with PNB officials got sanctioned a loan to the tune of Rs 7.5 crores to open a luxurious F Bar and Lounge at Delhi's Connaught Place. After the Nirav Modi incident, the accused Singh left his address and even switched off his phone since his loan was also connected with the same branch as that of Nirav Modi's. In fact, the accused operated the F Bar & Lounge for three years and later closed it without repaying the loans and other liabilities, Suvashis Choudhary, Additional Commissioner of Police (Economic Offences Wing) said. Nirav Modi and his uncle Mehul Choksi, in connivance with certain bank ...

PNB shareholders approve ESPS scheme; Rs 28 bn capital infusion by govt

Shareholders also voted to clear the issuance of over 310 million shares to the government as part of recapitalisation of PNB by the Union govt

PNB plans to sell its entire holding of 0.11% in NSE for over Rs 480 mn

The divestment of the stake in the NSE is expected to fetch at least Rs 483.5 million to the bank

PNB posts Rs 9.4 bn Q1 loss: Investors awaiting asset quality relief

Even other operating metrics such as net interest income or NII and operating profit were ahead of the estimates

PNB gets Rs 28.16 bn as part of capital infusion plan via equity shares

The preferential allotment of equity shares to government will be made after completing the process of regulatory approvals

Modi govt set to infuse Rs 20 billion into PNB to aid bond payment

PNB needs to pay about 1.35 billion rupees to cover the 8.98 percent annual interest on Rs 15 billion worth of so-called AT1 bonds sold in July 2017

PNB to designate 60 branches to carry out loan operations above Rs 500 mn

The bank will create these SIBs across the country as part of its credit restructuring exercise

PNB scam: Accused challenges PMLA court's jurisdiction, seeks case transfer

The CBI had earlier booked Bhatt along with others under IPC section 420 (cheating) and relevant sections of Prevention of Corruption Act in connection with the fraud

Fraud-hit PNB signals recovery by Q2; eyes Rs 55 billion net profit

Govt refuses bank's demand for additional capital of Rs 80 bn

RBI to defer putting lending, expansion curbs on PNB till Q1 results

Andhra Bank, Punjab and Sind Bank, and Canara Bank, too, are likely to make a similar presentation before the regulator

Punjab National Bank's FY19 plans fail to convince finance ministry

While downgrading PNB's rating, Moody's Investors Service said the bank would need ~120-130 billion in 2018-19 to meet regulatory requirements