Page 18 - Punjab National Bank

No plans to sell non-core assets, sale of real estate on cards: PNB Chief

PNB has a number of associates like PNB Housing Finance Ltd with 32.65 per cent stake and PNB MetLife with 30 per cent shares

Moratorium hides asset health of PSBs, helps banks post lower NPAs

On aggregate basis, gross NPA ratio of 8 PSBs declined by 132 bps

Covid-19 crisis: Indian banks operating in UK cautiously optimistic

Boris Johnson announced further relaxations in lockdown enforced due to Covid-19 pandemic

Indian banks' overseas business grows 7.5-43.1% in FY20, shows data

In FY19, lenders had seen a contraction in global loan book after letters of comfort were discontinued

United Bank of India, OBC slipped into red before merger with PNB

While UBI posted a net loss of around Rs 6,700 crore in the quarter ending March 2020 (Q4FY20), OBC logged a net loss of around Rs 2,700 crore, an executive said, requesting anonymity.

Credit growth will come from retail, MSMEs: SS Mallikarjuna Rao, PNB MD

"MSMEs are working hard to come back to normalcy. We expect a robust comeback from them in October, particularly in some sectors"

Punjab National Bank reports a pre-tax loss of Rs 969 crore in Q4

The lender reported a net loss of Rs 697 crore in Q4FY20 before completing the amalgamation process, as it posted a second continuous quarterly loss.

MARKET WRAP: Indices extend gains, Sensex up 524 pts as RIL surges over 6%

All that happened in the markets today

Market Ahead, June 19: Top factors that could guide markets today

The SGX Nifty is indicating an open at around 10,030 levels for the Nifty amid mixed global cues

UV Asset Reconstruction permitted to sell Aircel's spectrum rights

The order is on the resolution plan for Aircel and its subsidiaries Dishnet Wireless and Aircel Cellular.

PNB extends credit line of Rs 750 cr for Gorakhpur Link Expressway

The 91-km expressway will connect Gorakhpur district, the pocket borough of Chief Minister Yogi Adityanath, with another expressway project, the 340-km Purvanchal Expressway.

PNB collects Rs 268 cr as ATM charges, annual maintenance fee in FY20

The public sector lender collected Rs 152.88 crore from customers by levying annual maintenance charges (AMC) on debit cards

PNB buys 3 Audi cars worth Rs 1.34 cr for management amid Covid-19 crisis

Interestingly, the secretaries in the union government and even Cabinet ministers use Maruti Suzuki Ciaz, much less expensive than German car Audi purchased by PNB

PMLA court orders seizure of Nirav Modi's assets worth Rs 1,400 crore

Court also allows banks to lay claims for secured assets out of these confiscated assets

PSBs disburse Rs 8,320 cr loan to MSMEs under emergency credit scheme

On May 21, the Cabinet had approved additional funding of up to Rs 3 trillion at a concessional rate of 9.25 per cent through ECLGS for the MSME sector

Punjab National Bank reduces lending rate linked to repo by 40 bps

The bank's marginal cost of funds-based lending rate (MCLR) has also been revised downwards by 15 bps across all tenors.

Market Ahead, May 28: Top factors that could guide markets today

A total of 24 companies, including TVS Motor, Lupin, and Federal Bank, are scheduled to announce their March quarter results today

Irdai allows PNB to hold more than 10% promoter stake in 2 insurance firms

The insurance regulator has allowed PNB to keep its shareholding in both the insurance companies intact for now

Nirav Modi a visionary who wanted to create something unique: World-renowned luxury good executive tells London court

Fritsch described Modi as someone who "combined entrepreneurship and creativity" and never "doubted his integrity"

Case against Nirav Modi very short on proof, his legal team tells UK court

The 49-year-old jeweller is wanted in India on charges of defrauding PNB by deceitfully obtaining letters of undertaking (LoUs), or bank guarantees