Page 18 - Punjab National Bank

Punjab National Bank's UK unit wins court battle over unpaid loans

The case by the UK subsidiary of PNB is seen as a landmark decision for similar cases involving wilful defaulters who are residing in or have assets in the UK

Punjab National Bank raises Rs 994 cr by issuing Basel III compliant bonds

The issue opened on July 27 and closed on July 29, PNB said

PNB, Carlyle to remain invested in PNB Housing, says CEO Neeraj Vyas

The company is cautious on lending to construction, gems and jewellery, hospitality and aviation sectors, says executive

Bankers divided on extending moratorium, fear potential spike in bad loans

Without regulatory intervention, slippages could surge 300 bps

PNB to focus on self-service, automation to deal with Covid-19 setbacks

MD Rao said 2019-20 started with an overarching goal towards 'Year of Profitability and Creating Value', leaving the adversities of the previous financial year behind

Loss-making banks back to black but little to cheer

Pain and uncertainty will be a way of life for many banks in 2021. For a few, the light at the end of the tunnel has turned into a flicker

PNB Housing to seek shareholders' nod to raise Rs 45,000 cr through NCDs

Bonds/non-convertible debentures constitute significant portion of company's total borrowings, says state-owned lender

PNB reports fraud of Rs 3,688.58 cr in DHFL account; stock slumps 7%

Shares of DHFL, meanwhile, tanked 4.8 per cent in the intra-day trade to hit a day's low of Rs 14.9 apiece on the BSE

PNB gets board go-ahead to tap market for raising Rs 10,000 crore

The Government of India currently holds 85.59 per cent stake in the bank.

Punjab National Bank reports fraud of Rs 3,688.58 cr in DHFL account

The bank has already made provisions amounting to Rs 1,246.58 crore, as per prescribed prudential norms, it added

MARKET WRAP: Indices rally for 5th straight day, Sensex ends 187 pts higher

All that happened in the markets today

PNB says board will consider a proposal to raise capital on July 9

Besides, the board will clear opening balance sheet of the amalgamated bank as on April 1

PNB chief hopeful of RBI allowing one-off loan restructuring by October

Rao also said that the normalcy is still too far which is making it difficult to assess the situation of companies in terms of cash-flows

PSBs rally post SBI March quarter results; Nifty PSU Bank index up 7%

SBI, Jammu & Kashmir Bank, Punjab National Bank, Bank of Baroda, Canara Bank and Indian Bank were all up in the range of 7 per cent to 10 per cent on the NSE

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"