Page 16 - Punjab National Bank

T Rowe Price signs agreement to acquire majority stake in UTI Trustee

The deal will give it over 51 per cent stake in the trustee even as the stake of three public sector shareholders will fall to under 10 per cent in UTI Trustee Company

RBI imposes Rs 1 cr penalty on PNB for unauthorised ATM operations

The Reserve Bank of India (RBI) imposed the Rs 1 crore penalty for "contravention of the nature referred to in Section 26 (6) of the Payment and Settlement Systems Act, 2007 (PSS Act)", it added

Only one-fifth of loans up for recast availed of moratorium, says PNB

Borrowers with repayments worth Rs 28,000-30,000 crore hadn't paid a single loan instalment from March-September

Closely monitoring inventory, asking builders to start selling: PNB Housing

In the last quarter ended September 2020, the number of log-ins for the company improved to 17,063 from just 5,071 in the preceding quarter ended June 2020

PSBs: Sustaining Q2 momentum for a year key to regaining lost faith

Q2 results suggest a trend of easing asset quality issues and the weight of merger behind them

PNB to raise Rs 7,000 crore through QIP by December this year

Bank receives fewer proposals for restructuring than expected as companies fear impact on ratings

Financials lift indices; Sensex ends 504 pts up ahead of US poll outcome

All that happened in the markets today

PNB's pre-tax profit surges by 54% to Rs 979 cr in Q2, PAT up 22%

Net interest income soars 29% to Rs 8,393 crore, NPA position improves

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.