Page 21 - Punjab National Bank

PNB slips over 6% as asset quality worsens in Q2, provisions rise 5% QoQ

The public sector lender's slippages jumped 38 per cent sequentially from Rs 5,412 crore reported in Q1FY20 to Rs 7,460 crore in the quarter under review, the bank's management said.

PNB reports net profit of Rs 507 crore in Q2; finances under stress

Provisioning related to bad loans went up to Rs 3,253 crore in Q2, up from Rs 2,147 crore in the previous quarter

How the RBI can get its act together

In the concluding part of the series, the author draws attention to the central bank's problems that need urgent fixing

PNB-UBI-OBC merger: Automated HR integration to quell staff discrimination

All transfers and promotions for next financial year will be decided by respective banks, not by the merged entity

Fugitive diamond trader Nirav Modi further remanded to custody till Nov 11

Modi has been lodged at Wandsworth prison in south-west London, one of England's most overcrowded jails

Corporate tax cut will not benefit banks: PNB MD & CEO S S Mallikarjuna Rao

In an interview with Somesh Jha, Rao spoke about the road map of the amalgamation and how the corporate tax cut and repo rate-linked products will impact the finances of banks

Shortfall due to corporate tax cut can be made up by other sources: Das

The RBI will not allow any cooperative bank to collapse, said Das

34 functional teams formed to smoothen process of PNB, OBC, UBI merger

The merger is scheduled to come into force from April 1 next year

Trade unions of public sector banks call off two-day nationwide strike

AIBOA, the Indian National Bank Officers' Congress and the National Organisation of Bank Officers had called for a two-day strike opposing the amalgamation of banks

PNB puts up 11 NPA accounts for sale to recover dues worth Rs 1,234 cr

The sale is on 100 per cent cash basis, PNB said in an advertisement

Punjab National Bank board approves amalgamation with OBC, United Bank

The government on Friday announced infusion of Rs 16,000 crore in PNB for a smooth and seamless amalgamation

Top events today: Jio Fiber launch, PNB to consider capital infusion & more

From Reliance Jio Fiber launch to SC hearing of P Chidambaram's plea, Business Standard brings you top events of the day

Branch rationalisation to HR challenge: Brokerage view on PSB consolidation

Unlike private banks, most PSBs, analysts say, do not have clear specialisations and end up competing against each other

Government creates banking behemoths to boost India's flagging economy

News of the mergers comes minutes before official data is expected to confirm a fifth-straight quarter of slowing economic growth

Amalgamating 10 govt banks into 4 entities in mega consolidation move: FM

After today's mergers, the count of government-owned banks will come down to 12 from 27 in 2017

Public sector banks merger: Modi govt to announce big bang plan soon

Finance ministry has called a meeting with chief executives of ten public sector banks on Friday

UP govt to raise Rs 9,000 crore bank loan for two highway projects

The 296-km Bundelkhand Expressway and the 91-km Gorakhpur Link Expressway are estimated to cost Rs 14,849 crore and Rs 5,876 crore

Banks Board Bureau invites applications for post of CEO, MD in PNB, BoI

As per the BBB's recruitment notice, candidates can apply for the vacancies at PNB and BOI till September 16

PNB recovers Rs 278-cr minimum balance penalty from poor account holders

This amount has been recovered from about 12.7 million customers across the country

RBI policy review: SBI cuts loan rates by 15 bps, others likely to follow

SBI reduced its marginal cost of funds-based lending rate from 8.4% to 8.25%