Page 14 - Pnb
PNB to raise Rs 5,000 cr via QIP; appoints merchant bankers for share sale
In the first half of the fiscal, the advances of the bank grew by about 8%
 "PNB to raise Rs 5,000 cr via QIP; appoints merchant bankers for share sale")
PNB puts 32 NPAs with outstanding loan of Rs 1,176 cr on block
Gorss NPAs declined marginally to 13.66% of gross advances as on June 30, 2017 from 13.75% a year earlier
PNB floats one-time settlement to clear small-ticket bad loans
The recoveries will improve bottom line
We have used Gandhigiri to shame defaulters: PNB's Usha Ananthasubramanian
Punjab National Bank (PNB) has made a name for itself in recovery of bad loan dues
 "We have used Gandhigiri to shame defaulters: PNB's Usha Ananthasubramanian")
PNB plans to drag 250 defaulters to NCLT
Priority for time-bound action, repayment
 "PNB plans to drag 250 defaulters to NCLT")
Punjab National Bank plans to drag 250 defaulters to NCLT
Priority for time-bound action, repayment
 "Punjab National Bank plans to drag 250 defaulters to NCLT")
PNB plans to sell non-core assets to shore up capital base
May look to sell the stake in PNB Housing Finance and PNB Gilts; might not explore PNB MetLife at this point
PNB Q3 profit jumps over four-fold to Rs 207 crore
PNB's total income increased 4.36% to Rs 14,497.65 crore for the quarter under review
 "PNB Q3 profit jumps over four-fold to Rs 207 crore")
Punjab National Bank cuts deposit rates by upto 0.25%
The public lender has reduced interest rates in select maturities by 10-25 basis points on term deposits
 "Punjab National Bank cuts deposit rates by upto 0.25%")
PNB to calibrate 10,000 ATMs by month end to disburse new notes
Officials said that the bank will open its branches for extended hours to meet the rush for exchange of notes
 "PNB to calibrate 10,000 ATMs by month end to disburse new notes")
PNB looks for ABG Cement-like deals in Q3
These companies are non-performing accounts (NPA) for the bank
 "PNB looks for ABG Cement-like deals in Q3")
PNB net down 11.5% in Q2 due to NPA provisioning
Provisions for bad loans increased 34.6 per cent to Rs 2,533.76 crore from Rs 1,882.08 crore in the year-ago period
NPA provisions dent bottom line of three public sector banks
PNB Q2 net down 11.5% at Rs 549 cr; Bank of Maharashtra, Dena Bank post losses
 "NPA provisions dent bottom line of three public sector banks")
PNB plans to raise Rs 6,000 cr via bonds
The fund raising is subject to availability of headroom in one or more tranches, Says PNB in a regulatory filing to stock exchanges
 "PNB plans to raise Rs 6,000 cr via bonds")
PNB Housing Finance sees strong demand for up to $449 million IPO
It was selling new shares in a price range of 750 rupees to 775 rupees apiece
PNB makes home, auto loans attractive for govt staff
Bank said it will offer loans to these segments without any processing or upfront fee and no documentation charges will be levied on them
Punjab National Bank: Rising from the lows
Efforts to improve loan recoveries yield results; stock outperformance backed by fundamentals: Analysts
Update KYC by Oct 1, or face account block: PNB to customers
According to RBI guidelines, it is mandatory for customers to periodically update their KYC details with their banks
PNB Gilts shareholders raise borrowing limit to Rs 7,000 crore
The company is the only listed primary dealer in India and the public share holding in company is 25.93%
PNB cuts MCLR rate by 5 basis points
MCLR is the new benchmark lending rate which has replaced the base rate for new borrowers