Page 12 - Punjab National Bank

PNB stock gains over 2% after Fitch affirms 'BBB‐' rating

Fitch's says there's a high probability of extraordinary government support for PNB, if required, because of the bank's high systemic importance

Punjab National Bank raises Rs 1,919 crore via Basel compliant bonds

State-owned Punjab National Bank said it has raised Rs 1,919 crore by issuing Basel compliant bonds

ICRA upgrades tier I, II bonds of Canara Bank and Punjab National Bank

The solvency is expected to get a further boost from expectations of steady internal capital accruals, the rating agency said in a statement

Punjab National Bank cuts benchmark lending rate by 5 bps to 6.50%

Punjab National Bank on Wednesday announced the cut in its benchmark lending rate

Punjab National Bank quarterly profit jumps 78% to Rs 1,105 crore

State-owned Punjab National Bank (PNB) on Wednesday reported a 78 per cent increase in net profit at Rs 1,105 crore for the second quarter ended September 30

BoB, PNB hit fresh 52-week high, regain Rs 50,000-crore market cap

In the past one month, the stock of Union Bank of India, Canara Bank, Bank of Baroda and Punjab National Bank have rallied between 25 and 44 per cent

State-owned Punjab National Bank reduces gold loan rates

PNB is also offering a full waiver of service charges/processing fee on the loans against gold jewellery and SGB, similar to home loans and vehicle loans announced recently

PNB picks up 12% stake in NARCL, to cut holding by December

PNB's equity stake of 12.06 per cent will be reduced to 9 per cent by December 2021

Punjab National Bank buys stake in National Asset Reconstruction Company

Punjab National Bank on Thursday said it has purchased 1.8 crore shares of the proposed National Asset Reconstruction Company Ltd

PNB earns Rs 170 cr in FY21 as charges for not maintaining min balance: RTI

Punjab National Bank collected nearly Rs 170 crore by levying charges on customers for not maintaining the required minimum balance in their accounts during 2020-21, according to RTI information.

PNB cuts rate on home loan above Rs 50 lakh by 0.5 pc; RLLR by 0.25 pc

A day after SBI and Bank of Baroda announced festival season offer, Punjab National Bank on Friday slashed the interest rate on home loan above Rs 50 lakh by 0.50 per cent to 6.60 per cent

Punjab National Bank cuts repo-based lending rate by 25 bps to 6.55%

State-owned Punjab National Bank (PNB) on Friday said it has slashed the repo-based lending rate by 25 basis points (bps) to 6.55 per cent.

Top headlines: PM chairs meet on Covid situation; PNB to raise Rs 6k cr

Business Standard brings you the top headlines on Friday

Banks Board Bureau recommends Atul Kumar Goel for PNB CEO position

BBB in a statement said it has recommended the name of Ajay Kumar Srivastsva on the reserve list for the vacancy

PNB board to meet on Sept 10 to consider raising capital via AT-1 bonds

The capital would be raised in one or more tranches, the lender said in an exchange filing

NCLAT issues notice over PNB's plea against Jet Airways resolution plan

The bank is aggrieved by the reduction in its claim amount by around Rs 202 crore by the Resolution Professional

Top headlines: August exports rise 45%; RRVL gets sole control of Just Dial

Business Standard brings you the top stories this evening

PNB asks NCLAT to quash Kalrock-Jalan resolution plan for Jet Airways

PNB argues that Jet's court-appointed rescue official had initially accepted its claim of nearly Rs 1,000 cr from the airline's backers, but then reduced it by Rs 200 cr

PNB cuts savings deposits rate by 10 bps to 2.9%, effective Sept 1

Bank officials said the decision is partly driven by huge liquidity that the bank continues to manage and also correction in rates vis-a-vis peers, especially PSU banks

PNB waives all service charge, processing fee on retail products

Punjab National Bank on Tuesday said it has waived all service charges and processing fee on retail products as part of its festival season offering.