Page 14 - Punjab National Bank

PNB to transfer bad loans worth Rs 8,000 crore to NARCL

In current quarter, the bank expects substantial recovery from DHFL, although there are some issues lingering in NCLAT, its MD said

PNB posts Rs 586 crore profit in Q4; NII jumps over 48% to Rs 6,937 crore

Sequentially, the net profit has increased 16 per cent from Rs 506 core posted in the October-December quarter

PNB posts net profit of Rs 586 crore in Q4; NII rises 48%

The bank's gross non-performing assets (NPAs) increased to 14.12 per cent in the March quarter

Mehul Choksi's lifelong drive to do 'something big' ends in Caribbean trial

Bank fraud, Bollywood ambassadors and an offshore soap opera - the many acts of a fugitive diamantaire

Hand over Mehul Choksi, he is our citizen: India tells Dominica

Efforts have been scaled up to bring back fugitive businessman Mehul Choksi. Multiple agencies are in touch with the government of Dominica on the issue

Mehul Choksi's lawyers file habeas corpus petition in Dominica

Lawyers of fugitive diamantaire Mehul Choksi, who was detained in Dominica, have filed a habeas corpus petition in a court of the Carribean island country

Mehul Choksi, fugitive businessman wanted in India, captured in Dominica

Choksi had recently fled from Antigua and Barbuda; he was captured after an Interpol Yellow Notice.

Fugitive businessman Mehul Choksi goes missing, says Antiguan police

Fugitive diamantaire Mehul Choksi, wanted in a Rs 13,5000-crore loan fraud in Punjab National Bank, has gone missing in Antigua and Barbuda where he had been staying since January 2018

PNB scam: Special Court issues show cause notice to Nirav Modi

A similar notice was also issued to Nirav Modi's wife Ami, sister Purvi and brother-in-law Maiank Mehta

PNB to raise equity capital from share sale; sets floor price at Rs 35.51

Punjab National Bank (PNB) on Monday said its board has approved raising equity capital from qualified institutional investors to enhance its capital base.

PNB incorporates PNB Cards & Services for credit card business

PNB Cards & Services has authorised capital of Rs 25 cr

Punjab National Bank sets-up subsidiary to manage credit card business

State-run Punjab National Bank (PNB) has set up a wholly-owned subsidiary to manage its credit card business, the bank said on Wednesday. A wholly-owned subsidiary of the bank namely PNB Cards & Services Ltd has been incorporated on March 16, 2021, by the Registrar of Companies, Delhi, it said in a regulatory filing. The subsidiary will undertake the non-financial support services related to credit card business of the bank. The authorised capital of the company is Rs 25 crore and the paid-up capital is Rs 15 crore, PNB said. The number of outstanding credit cards at the end of December 2020 of PNB stood at over 4.3 crore (43,402,879), according to the RBI data. The value of transactions through credit cards was Rs 137.55 crore (Rs 13,755 lakh) at the point of sale (PoS) and Rs 1.17 crore (Rs 117 lakh) at the ATMs during the month. The number of transactions at PoS were 5,79,244 while at the ATMs the number of transactions through credit cards were 3,871 in December 2020. PNB ...

CBI books Shiv Vani Oil, two promoters for defrauding PNB of Rs 253 cr

Banks, NBFCs are estimated to have given Rs 3,587 crore to company accused of criminal conspiracy, cheating

CBI books Shiv Vani Oil, two promoters for defrauding PNB of Rs 253 cr

Banks, NBFCs are estimated to have given Rs 3,587 crore to company accused of criminal conspiracy, cheating

Winners' curse: Top bosses at PSBs see their term ending much before time

Govt has appointed 14 EDs at public-sector banks; their performance will be reviewed after three years for a two-year extension

PSU banks stage a comeback as tactical picks on sustained performance

The combination of low valuations and expected improvement in financials due to lowering credit cost is driving interest

PNB scam case: Nirav Modi can be extradited to India, says UK court

Key accused in PNB scam case has 14 days to appeal

No capital infusion by Punjab National Bank in housing finance subsidiary

PNB Housing Finance Ltd had informed about its plan to raise tier I capital up to Rs 1,800 crore through various modes including QIP, preferential issue of shares or a rights issue

BS CEO Round Table: Six bank chiefs discuss paradigm shift in banking space

Leading names of India's banking industry join Tamal Bandyopadhyay at Business Standard's Unlock BFSI 2.0 to discuss the issues plaguing the sector

PNB inks deal with Indian Oil to provide up to Rs 2 cr loan to dealers

The firm has inked a pact with Indian Oil Corporation to provide up to Rs 2 crore to the oil company's dealers