Page 14 - Pnb

Record losses the first sign of greater pain ahead for PNB in FY19

Bank has to carry forward Rs 100 billion provisioning in FY19 while weak capital base will impact growth of advances

Punjab National Bank to provide Rs 35 billion for fraud loss last year

The announcement of the results is set to be a low-key affair; a press conference is unlikely, in a departure from the past

Punjab National Bank eyes 11% growth in total business to Rs 12 trillion

In a bid to curb frauds, the bank said it had tightened bank's credit underwriting norms and put in place an off-site monitoring to identify risks

Fitch downgrades scam-hit Punjab National Bank's viability rating to BB-

Soon after the fraud was unearthed in February 2018, Fitch had warned the PNB -- one of the country's biggest state-run banks -- of downgrading its Viability Rating

Punjab National Bank Q3 net profit up 11.1% at Rs 2.3 bn, bad loans decline

The public sector lender's total income increased by 8.02 per cent to Rs 152.57 billion for the quarter under review

PNB to close or relocate up to 300 branches

The bank has formed a group of senior officials to do a detailed study and flesh out strategies for branch network rationalisation

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 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

PNB plans to drag 250 defaulters to NCLT

Priority for time-bound action, repayment

Punjab National Bank plans to drag 250 defaulters to NCLT

Priority for time-bound action, repayment

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

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

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 looks for ABG Cement-like deals in Q3

These companies are non-performing accounts (NPA) for the bank

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

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