Page 11 - Punjab National Bank

ED searches 26 locations in ABG Shipyard money laundering case

Surat-based ABG Shipyard and its former promoters are accused of duping a consortium of 28 banks to the tune of Rs 22,842 crore

PNB, IDBI Bank get govt-appointed directors on their boards

The government has nominated new directors on the boards of Punjab National Bank (PNB) and IDBI Bank, following the cessation of the terms of incumbent directors.

Pressure building on banks to raise lending rates, albeit gradually

Real action only after policy rate revision

PNB makes verification of high-value cheques mandatory to check fraud

PNB customers need to share details like account number, cheque number, cheque alpha code, issue date, amount, and beneficiary name for clearing the high-value cheques under PPS

Punjab National Bank plans to raise Rs 12,000 crore through bonds

Punjab National Bank (PNB) on Tuesday said its board has approved a proposal to raise Rs 12,000 crore through issuance of bonds to fund business growth.

Future Enterprises defaults on Rs 93.99 cr payment to PNB and Canara Bank

Future Enterprises Ltd on Thursday said it has defaulted on payment of Rs 93.99 crore to Punjab National Bank and Canara Bank under the one-time restructuring (OTR) plan.

Awaiting govt, RBI advisory on SWIFT transactions with Russian assets: PNB

The country's second-largest bank Punjab National Bank said it was awaiting advisory from the Finance Ministry and the Reserve Bank with regard to SWIFT-related transactions with Russian entities

PNB to clear cheques of Rs 10 lakh & above only after customer confirmation

Punjab National Bank (PNB) said high-value cheques of Rs 10 lakh and above will be cleared after reconfirmation with the issuer under the Positive Pay System (PPS) from April 4

HSBC Insurance intends to buy PNB stake in Canara HSBC OBC Life Insurance

HSBC Insurance (Asia Pacific) Holdings Ltd (INAH), one of the shareholders in Canara HSBC OBC Life Insurance Co Ltd, has expressed its intention to acquire PNB's stake in the insurance company

Aiming to recover Rs 5,000 cr, bring net NPAs under 4.5% by March: PNB MD

The lender is also looking to further monetise its 15% stake in UTI AMC as part of its non-core asset sale plan to shore up its capital base.

Punjab National Bank looking to further dilute its stake in UTI Mutual Fund

State-owned Punjab National Bank (PNB) on Friday said it is looking to further monetise its stake in UTI Mutual Fund as part of its non-core asset sale plan to shore up its capital base.

PNB shares climb over 3% after Q3 earnings see two-fold jump in profit

Shares of Punjab National Bank (PNB) on Friday gained over 3 per cent after the company reported a two-fold jump in standalone net profit for the third quarter ended December. The stock jumped 3.16 per cent to Rs 42.40 on the BSE. At the NSE, it gained 3.03 per cent to Rs 42.40. Punjab National Bank on Thursday reported a two-fold jump in standalone net profit to Rs 1,126.78 crore for the third quarter ended December, as bad loans marginally declined. The country's second-largest public sector lender had earned a net profit of Rs 506.03 crore in the year-ago period. However, total income during October-December 2021 declined to Rs 22,026.02 crore, as against Rs 23,298.53 crore a year ago, PNB said in a regulatory filing. On the asset quality front, the bank witnessed slight improvement by cutting its gross non-performing assets (NPAs) as a percentage of gross advances to 12.88 per cent from 12.99 per cent by the same period a year ago. In absolute value, gross NPAs stood at Rs .

Stocks to Watch: RBL Bank, TVS Motors, Fino Payments Bank, PNB, Telecom

3i Infotech, BEL, Dixon Tech, Kotak Bank, Karnataka Bank, Larsen & Toubro, Marico, NIIT, Naukri, Suzlon, United Breweries and Vedanta to announce results today.

'Neither a fugitive nor a bank defaulter': Mehul Choksi

In an exclusive interview with Business Standard, diamantaire Mehul Choksi claims he turned a defaulter only after banks "wrongly implicated" him in the Nirav Modi case and his assets were seized

Atul Kumar Goel takes charge as 'officer on special duty' in PNB

Punjab National Bank on Saturday said Atul Kumar Goel has taken charge as an 'officer on special duty', before taking over as its new MD and CEO next month.

RBI fines ICICI Bank Rs 30 lakh and PNB Rs 1.8 cr for non-compliance

RBI found non-compliance on part of ICICI Bank with directions related to levy of charges for non-maintenance of minimum balance in saving accounts

RBI policy has steps for more inclusive, affordable banking: PNB MD

The measures announced in RBI's bi-monthly monetary policy are steps towards a more conducive, affordable and inclusive banking, Punjab National Bank MD and CEO said

PNB plans to raise up to Rs 2,000 cr through additional AT1 bonds

Bond dealers said the base size of the offering is for Rs 500 crore with a green shoe option of Rs 1,500 crore

PNB to pick up 9.5% stake in Open Network for Digital Commerce Ltd

Open Network for Digital Commerce (ONDC) Ltd is being established with a mandate to develop an open network for digital commerce

PNB puts up National Steel & Agro Industries Ltd for sale to recover dues

The company has a balance outstanding of Rs 199.90 crore to the bank