Page 19 - Punjab National Bank
West Bengal's SLBC to increase rural loans from Rs 4400 cr to Rs 10000 cr
In addition, West Bengal will also request the Reserve Bank of India (RBI) to increase the additional credit limit to MSMEs, to 30 per cent from the existing 10 per cent.
 "West Bengal's SLBC to increase rural loans from Rs 4400 cr to Rs 10000 cr")
BoB NPAs surge six-fold, Indian Bank sees four-times rise in 6 years: RTI
The number of NPA accounts rose from 2,08,035 as of March 31, 2014, to 6,17,306 as of December 2019
 "BoB NPAs surge six-fold, Indian Bank sees four-times rise in 6 years: RTI")
One month of bank merger: Coronavirus lockdown proves a dampener
On April 1, Punjab National Bank (PNB) took over Oriental Bank of Commerce (OBC) and United Bank of India (UBI) to become the country's second-largest lender after SBI in terms of business
 "One month of bank merger: Coronavirus lockdown proves a dampener")
Bank liable for unauthorised online transaction
The National Commission observed that there was a security breach of the bank's net banking system
Post merger, PNB gets Irdai nod to retain stake in two life insurance cos
PNB also has a tie up with Life Insurance Corporation of India (LIC) for selling its products through the bank's branches
 "Post merger, PNB gets Irdai nod to retain stake in two life insurance cos")
Covid-19 crisis led to Rs 4,000-cr fresh NPAs: PNB MD CEO Mallikarjuna Rao
He says there can be an impact on profitability as there will be more NPAs
 "Covid-19 crisis led to Rs 4,000-cr fresh NPAs: PNB MD CEO Mallikarjuna Rao")
Why the three-month moratorium on your home loan EMI may not be a good idea
Many lenders also advised borrowers not to make use of the moratorium offer in case they were in a position to pay their instalments on the due date
 "Why the three-month moratorium on your home loan EMI may not be a good idea")
Covid-19 relief: You can defer 3 EMIs but that may be a very costly option
SBI informed customers that in some cases, deferring 3 EMIs on a home loan may force the borrower to pay 8 more EMIs
 "Covid-19 relief: You can defer 3 EMIs but that may be a very costly option")
Bank merger: Will approach markets for capital in Q3, says Mallikarjuna Rao
The ecosystem is favourable to us because of the developments over the last two months. Therefore, we will have to work in converting that confidence into business relationships, says Rao
 "Bank merger: Will approach markets for capital in Q3, says Mallikarjuna Rao")
Market Ahead, April 1: Top Factors That Could Guide Markets Today
Starting today, automobile companies will starting releasing sales numbers for March. According to a Business Standard report, these auto sales for the month could see a 50 per cent YoY
 "Market Ahead, April 1: Top Factors That Could Guide Markets Today")
Coronavirus outbreak disrupts PSB merger as banks put programmes on hold
According to the banks, they have either put the sessions on hold or are opting for e-learning instead of classroom sessions.
 "Coronavirus outbreak disrupts PSB merger as banks put programmes on hold")
Govt notifies YES Bank rescue scheme; moratorium to be lifted on March 18
Three-year lock-in period for investors
 "Govt notifies YES Bank rescue scheme; moratorium to be lifted on March 18")
PNB set to revamp business and strategy of five regional rural banks
The consultancy or advisory firm will conduct assessment of core business opportunities and work towards a holistic operating model review.
FM Nirmala Sitharaman to review bank merger preparedness on Thursday
Banks likely to set up common call centres and monitoring cells
 "FM Nirmala Sitharaman to review bank merger preparedness on Thursday")
Business not as usual: YES Bank changes way banks, Mint Road are looked at
Former RBI governor, Urijit Patel, had said in the aftermath of the blowout at PNB that the banking regulator was better positioned when it came to the oversight of private banks.
 "Business not as usual: YES Bank changes way banks, Mint Road are looked at")
CBI brings back Rs 10 cr PNB Bank loan fraud accused from Muscat
The case against Kalra, his wife and others was taken over by the Central Bureau of Investigation (CBI) on December 16, 2015, they added.
 "CBI brings back Rs 10 cr PNB Bank loan fraud accused from Muscat")
Fugitive diamantaire Nirav's asset auction sees record prices for artworks
Nirav Modi is accused of fraudulently appropriating billions from Punjab National Bank and is currently in a jail in London
 "Fugitive diamantaire Nirav's asset auction sees record prices for artworks")
Syndicate Bank, Oriental Bank gain on Cabinet nod for merger of 10 PSBs
Punjab National Bank (PNB), Oriental Bank of Commerce, and United Bank of India will combine to form the nation's second-largest lender
 "Syndicate Bank, Oriental Bank gain on Cabinet nod for merger of 10 PSBs")
Banks may not be in a position to go to the market now: United Bank CEO
Bank's merger with Oriental Bank of Commerce and Punjab National Bank will be smooth, says Ashok Kumar Pradhan.
 "Banks may not be in a position to go to the market now: United Bank CEO")
Dec quarter shows much-needed improvement in asset quality for PSU banks
Slippages ratio for FY20 pegged at 3.5 per cent a tad lower than previous year's 3.7 per cent, but MSMEs, agri and retail are segments that could see fresh stress
 "Dec quarter shows much-needed improvement in asset quality for PSU banks")
