Page 2 - Punjab National Bank

Stocks to Watch Today, July 3: DMart, Nykaa, PNB, Vedanta, Enviro Infra

Stocks to Watch Today, Thursday, July 3, 2025: PNB, Indian Bank, PVR, Tata Power, Motilal Oswal, Hindustan Zinc, Escorts Kubota, Voltas, and Max Financials are some of the top stocks to watch today

Trading guide: Nifty reflects caution; PNB, Indus Towers top stocks to buy

Analyst recommends maintaining a positive bias while focusing on stock selection. PNB, SAIL and Indus Towers are among the top stocks to buy

PNB scraps minimum balance penalties: Here's how it may help customers

State-owned lender says decision will help financially vulnerable customers and boost financial inclusion

Nifty, Bank Nifty key levels as indices falter; 3 breakout stocks to watch

Punjab National Bank, Bharat Dynamics and Titan are among the three breakout stocks to watch

PSU Bank index jumps 2% as RBI eases norms for new project finance loans

The Nifty PSU Bank index rose 1.46 per cent outperforming the benchmark Nifty50 index which was slightly up over 1 per cent at day's high

PNB scam: Court clears release of Nirav Modi's ₹66.3 cr assets for recovery

A Mumbai court has allowed the release of Nirav Modi and Purvi Modi's assets worth ₹66.33 crore, attached by the ED in the PNB fraud case, to help recover losses

PNB exits ISARC with sale of 21% stake for ₹34 crore after RBI approval

State-owned Punjab National Bank on Tuesday said it has sold its entire 21 per cent stake in India SME Asset Reconstruction Company Limited (ISARC) for Rs 34 crore. In March, the Reserve Bank of India had granted approval for change in sponsor of the asset reconstruction company and equity raise from Authum Investment and Infrastructure Ltd, PNB said in a regulatory filing. The bank has completed the sale of a 20.90 per cent stake on Tuesday, it said. It sold 2.09 crore shares of the asset reconstruction company for Rs 16.29 per share, aggregating Rs 34.04 crore. The bank had entered into a definitive agreement to sell its entire stake in ISARC in May. For the financial year ended March 31, 2025, ISARC had earned a net profit of Rs 19.79 crore with a total income of Rs 36.4 crore. Prior to stake sale, ISARC was sponsored by SIDBI, Bank of Baroda, Punjab National Bank, and SIDBI Venture Capital Ltd.

PNB, BoB, UCO cut lending rates after RBI slashes repo rate by 50 bps

After the RBI's surprise 50 bps repo rate cut, major state-run banks including PNB, Bank of Baroda and UCO Bank have reduced lending rates to boost transmission

PNB cuts lending rate to 50 basis point in line with RBI's policy

Hours after RBI's jumbo rate cut, state-owned Punjab National Bank (PNB) on Friday announced up to 50 basis points reduction in lending rate, a move which will help existing and new borrowers. Other banks are also expected to make similar announcements soon. "Great News for Our Valued Customers! Punjab National Bank Makes Your EMIs More Affordable! Following the repo rate cut (6.00% - 5.50%), Punjab National Bank has reduced its RLLR by 50 bps, effective from June 9, 2025," PNB said in a post on X. With the reduction in the benchmark repo-linked benchmark lending rates (RBLR), the home loan of the bank will start from 7.45 per cent while vehicle loans from 7.8 per cent per annum. Earlier in the day, the Reserve Bank of India (RBI) cut interest rates by a larger-than-expected 50 basis points, and unexpectedly reduced the cash reserve ratio for banks to make available more money to lend in a bid to boost the economy. The RBI's six-member monetary policy committee, headed by Governor

PSU bank stocks rally on cheap valuation, Q4 boost; will the momentum last?

Despite private banks performing strongly in 2025 so far, the last three months have seen a sharp reversal, with PSU banks taking the lead.

Latest PNB and Canara Bank revise FD rates: What's new for your savings?

PNB and Canara Bank have updated their fixed deposit rates, offering new opportunities for both general customers and senior citizens

Sebi orders Mehul Choksi to pay ₹2.1 crore for insider trading breach

Sebi has issued a ₹2.1 crore notice to Mehul Choksi for insider trading in Gitanjali Gems and warned of asset seizure; he also faces a court warrant in a ₹55 crore fraud case

PNB to sell entire stake in Isarc for ₹34 crore to streamline portfolio

Punjab National Bank has agreed to sell its entire stake in India SME Asset Reconstruction Company for ₹34 crore, aligning with its plan to exit non-core investments and focus on core banking

Legacy issues behind us, PNB is charting a new growth path: Ashok Chandra

Leaving legacy issues behind, Punjab National Bank (PNB) has embarked on a new growth path with a distinct focus on operating profit to outdo competition in the current fiscal and subsequent years, its managing director Ashok Chandra has said. Reduction in NPAs, low-cost deposit mobilisation, increasing avenues for fee income enhancement and recovery from bad loans are other priority areas of the bank, which have been showing good improvement in various parameters, including net profit. For the financial year ended March 2025, PNB has emerged as the top bank in terms of profit growth among 12 public sector banks (PSBs) with a 102 per cent rise. The bank's net profit doubled to Rs 16,630 crore compared to Rs 8,245 crore in the previous fiscal. The bank has reported a 14 per cent rise in total business at Rs 26.83 lakh crore in FY25, one of the highest in the banking system. Pointing out that the bank had a lot of legacy issues, including one of the highest gross and net non-performi

CoC to meet on JSW-Bhushan case in 3 days: PNB MD & CEO Ashok Chandra

The Committee of Creditors (CoC), led by Punjab National Bank in the case of Bhushan Power and Steel Ltd (BPSL), will be meeting with other lenders

PNB Q4 result: Net profit rises 50% to ₹4,642.9 crore, revenue up by 13%

Punjab National Bank Q4 FY25 result: The board of directors of the company have recommended a dividend of ₹2.90 per equity share for the financial year 2024-25

Punjab National Bank's scam-hit branch in Mumbai now brews organic coffee

The Brady House branch of the Punjab National Bank (PNB) in Mumbai, infamous for a multi-million dollar scam involving diamantaire Nirav Modi and his uncle Mehul Choksi, has been turned into a cosy cafe. Patrons sit on comfy chairs and plush sofas, sipping steaming cups of organic coffee with light music playing in the background on the premises, a stark contrast to the chaos that erupted after the duo defrauded the bank of more than Rs 13,000 crore. The premises in the Brady House building in the Fort area of south Mumbai were once at the centre of one of the biggest financial scams to rock the country. Nirav Modi and his uncle Mehul Choksi allegedly siphoned off over Rs 13,000 crore of public money from the PNB using LoUs and foreign letters of credit (FLCs) by bribing officials of the bank's Brady House branch between March 2011 and November 2017. With Choksi's arrest in Belgium two weeks ago, the Brady House is again in the spotlight, but the operations of this branch were shif

CBI seeks NBW against Mehul Choksi in Canara Bank cheating case

Days after diamantaire Mehul Choksi was arrested in Belgium, the CBI approached a court here seeking a Non-Bailable Warrant against him in another case where he and others are accused of cheating a Canara Bank-led consortium of Rs 55.27 crore. Choksi, a prime accused in the alleged multi-million dollar Punjab National Bank fraud, was arrested in Belgium on April 12 following an extradition request by Indian probe agencies. The Central Bureau of Investigation, probing the Canara bank cheating case, approached the special CBI court here on Wednesday seeking an NBW against him. However, judge V P Desai sent the matter to a magistrate's court, saying his court had no jurisdiction. The judge cited a Supreme Court judgement which states that for a special CBI court to try a case under the Prevention of Corruption (PC) Act, there must be alleged involvement of a public servant. In the present case, the charge sheet was filed only against private persons for offences under Indian Penal .

India has moved extradition request for Mehul Choksi, confirms Belgium

The Belgian authorities said that Mehul Choksi is currently in custody as preparations for further judicial proceedings are underway

Will Mehul Choksi be extradited? What the India-Belgium Treaty says

With diamond businessman Mehul Choksi's arrest, all eyes turn to Belgium as India awaits greenlight on extradition