On June 18, Securities and Exchange Board of India (Sebi) had written a letter to the company asking it to ensure compliance before going ahead with the proposal.
The bank has raised Rs 3,788.04 crore from qualified institutional placement (QIP) in December following which the government holding in the bank came down from 85.59 per cent to 76.87 per cent.
PNB has already informed its customers that it will ban both financial and non-financial transactions from non-EMV ATM machines from February 1.
The Punjab National Bank (PNB) is going to introduce the OTP-based cash withdrawal system. The bank will launch OTP Based ATM Withdrawal for transactions system from December 1, 2020.
Naval Kant Tiwari, former deputy director, information, told reporters, "When I was posted in Gorakhpur, I took a joint locker with my wife Snehlata at the Punjab National Bank main branch in the city. My wife's jewellery worth around Rs 35 lakh was kept in it."
A London court on Monday rejected the bail application filed by fugitive diamantaire Nirav Modi, the seventh such rejection by courts of the United Kingdom, officials said.
The Punjab National Bank (PNB) has invited applications for the post of specialist officer (SO) at its official website, pnbindia.in. The application process has begun and will conclude on September 29.
A 30-year-old man was arrested for allegedly attempting to break open an ATM of a bank in Nagpur city, police said on Sunday. The incident took place on Thursday night, they said.
Ahead of a grand merger with two banks namely United Bank of India (UBI) and Oriental Bank of Commerce (OBC) on April 1, the Punjab National Bank (PNB) has unveiled its new logo.
Punjab National Bank (PNB) on Tuesday reported a standalone net loss of Rs 492.28 crore for December quarter 2019-20 due to substantial increase in bad loan provisioning.
Debit Card users alert! Are you debit card users of SBI, PNB, HDFC, ICICI, or other banks? Then this is important new for you! All public and private banks will block debit cards (ATM cards) which doesn't have EMV (Europay, Mastercard and Visa) after 1st January 2020. According to the Reserve Bank of India (RBI) guidelines, all Indian banks need to replace the magnetic debit card of their customers with a new EMV card.
Leading state-owned lender Punjab National Bank and Allahabad Bank on Tuesday announced linking of their retail loans with the Reserve Bank's repo rate, which will make loans cheaper.
India's one of the largest public sector bank, Punjab National Bank (PNB) has collected Rs 278.66 crore from the poor account holders as a penalty in the financial year 2018-19 for not maintaining the minimum balance. According to PNB data, the penalty amount of Rs 278.66 crore is 32 per cent more than the amount recovered in the last financial year (2017-18).
Police bust gang involved in killing of two security guards during loot attempt at PNB branch
As per the Central Bureau of Investigation, 143 LoUs were fraudulently issued to three Mumbai-based private companies of Nirav Modi's associate Choksi -- Gitanjali Gems, Nakshatra and Gili -- during the period 2017-18.
New Delhi: Central government offices in and around North and South blocks will be closed early on Sunday and Thursday for making arrangements for the Republic Day parade and Beating Retreat ceremony.As many as 71
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