Page 16 - Punjab National Bank

PSB Q2 preview: NPA recognition ruling to prevent higher slippages

Analysts pegs SBI's PAT at Rs 3,435.5 crore for the quarter under review, at Rs 517 crore for Bank of Baroda, and at Rs 189 crore for PNB

CBI books former PNB deputy manager Gokulnath Shetty in bribery case

The CBI has booked retired deputy manager Gokulnath Shetty in a fresh case of receiving a bribe of Rs 1.08 crore from Rishika Financials that arranged bank guarantees for Gitanjali Gems

Bombay High Court impleads T Rowe Price in UTI AMC's stake sale petition

This year the Officers Association filed an interim application pleading urgent hearing of the writ petition ahead of the IPO and to implead T Rowe Price as a respondent

PNB To lead consortium of banks lending to UP's Gorakhpur Link Expressway

State govt will borrow Rs 2,250 crore in all for the project, PNB's share stands at Rs 750 crore

Market Ahead, October 1: All you need to know before the opening bell

Cinema and leisure related stocks are expected to trade actively today after the central government announced Unlock 5.0 guidelines

Punjab National Bank reports Rs 1,203-cr fraud by Sintex Industries

Public sector Punjab National Bank (PNB) on Wednesday declared its Rs 1,203.26 crore exposure to Sintex Industries Ltd as fraud.

RBI sounds out PNB on acquisition of beleaguered Lakshmi Vilas Bank

Beleaguered bank is currently in merger talks with Clix Capital

PSBs report 2,867 cases of frauds worth Rs 19,964 cr in April-June qtr: RBI

Of the 12 PSBs, SBI reported the maximum 2,050 fraud cases involving Rs 2,325.88 crore during April-June 2020

Kazakhstan cancels PNB subsidiary's licence for failing to meet norms

PNB holds 41.64 per cent in JSC Tengri Bank, the bank said in a regulatory filing

Nirav Modi extradition: UK court given fresh video tour of Arthur Road Jail

The video, with a voice-over confirming that it was shot without any artificial light sources, gave a tour of the jail and specifically Barrack 12

PNB fraud: Nirav Modi's extradition trial to resume in UK court on Monday

District Judge directed Nirav Modi's appearance from a room in Wandsworth Prison in south-west London with social distancing norms

PNB hikes repo-linked lending rate by 15 bps to 6.8%, effective from Sept 1

The country's second largest lender Punjab National Bank (PNB) on Monday hiked its repo-linked lending rate (RLLR) by 15 basis points (bps) to 6.80 per cent.

Unlock BFSI 2.0: Early to predict the economic recovery curve: Bank CEOs

Top bank executives attempted to shed the tag of being risk-averse and averred that viable businesses would get the red carpet from lenders

Banks 'prudent, careful' as economic recovery will take long: CEOs

The bankers were responding to RBI governor Shaktikanta Das's statement that banks risked their own growth by being "extremely risk averse"

Nirav Modi case: PNB receives Rs 24 cr as first tranche of recovery from US

The central government said that PNB has informed the Ministry of Corporate Affairs that it has received 3.25 mn as the first tranche of recoveries in fugitive Nirav Modi case from the USA

PNB makes first recovery of Rs 24 cr in Nirav Modi fraud case in US

This was the maiden corporate fraud case abroad that MCA intervened in; Rs 82 cr in all will be distributed among unsecured creditors, including PNB, after assets of tainted group are liquidated

PNB expects 4-6% credit growth this fiscal, says Mallikarjuna Rao

Punjab National Bank on Monday said its overall credit growth is likely to be at around 4-6 per cent in the current fiscal year as it expects the economy to return to normalcy from October onwards.

SBI, PNB, BoB may go for share sale in FY21 to shore up capital: Report

According to the sources, banks would get a better picture about their Non-Performing Assets (NPAs), one-time loan restructuring and consequent ratings latest by the end of October

PNB net profit plunges to Rs 308 cr in June qtr, income at Rs 24,292.8 cr

Total income rose to Rs 24,292.80 crore during the June quarter of 2020-21, as against Rs 15,161.74 crore in the same period of the previous fiscal

High Court stays BoB, PNB move to classify RCFL, RHFL as fraud accounts

The Delhi High Court in a separate petition also directed Punjab National Bank to maintain the status quo in relation to classifying RCFL's account as a fraud