Pnb
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PNB sanctions loans to about 3 lakh MSMEs under credit guarantee scheme
Business | Jun 27, 2020, 11:15 PM ISTPunjab National Bank has sanctioned loans close to 3 lakh accounts under the Rs 3-lakh crore Emergency Credit Line Guarantee Scheme (ECLGS) for MSME sector, impacted badly due to economic slowdown triggered by COVID-19 outbreak.
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PNB plans to hit capital market in Q4
Business | Jun 21, 2020, 06:50 PM ISTThe country’s second largest lender Punjab National Bank is planning to hit capital markets in the fourth quarter this fiscal to raise funds to help meet growth needs and regulatory requirements.
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PNB buys 3 Audi cars for top management amid coronavirus-led financial downturn
Business | Jun 09, 2020, 07:04 PM ISTAt a time when the financial sector is passing through a rough patch and looking at ways to conserve capital, country's second largest lender Punjab National Bank (PNB) has bought three Audi cars to ferry its top management.
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PNB Housing Finance signs pact with IIT-D to develop PPE kits for healthcare workers
Business | May 06, 2020, 02:42 PM ISTPNB Housing Finance on Wednesday said it has signed a pact with IIT-Delhi for developing sustainable and reusable personal protective equipment (PPE) kits for healthcare workers.
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PNB to retain stake in two life insurance ventures as IRDAI gives nod
Business | Apr 12, 2020, 02:49 PM ISTState-owned Punjab National Bank (PNB) will retain stake in two life insurance ventures as the lender has got permission from Insurance Regulatory and Development Authority of India (IRDAI).
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Good News! PNB, Indian Overseas Bank, Union Bank of India cut MCLR; loans to get cheaper
Business | Apr 01, 2020, 10:37 AM ISTState-owned banks Punjab National Bank (PNB) and Indian Overseas Bank on Tuesday announced reduction in their lending rates linked to the repo rate by 75 basis points, effective April 1. This follows last week's decision by the RBI to cut the repo rate by 75 bps.
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PNB says no proposal for changing bank's name
Business | Feb 11, 2020, 06:29 PM ISTPunjab National Bank (PNB) on Tuesday said there is no proposal to change the name of the bank following the merger of two other public sector lenders Oriental Bank of Commerce (OBC) and United Bank of India (UBI) with itself.
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PNB shares drop over 5 per cent after earnings
Business | Nov 05, 2019, 06:27 PM ISTThe scrip plunged 5.06 per cent to close at Rs 64.75 on the BSE. During the day, it tumbled 5.71 per cent to Rs 64.30.
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34 functional teams to smoothen merger of UBI, PNB, OBC
Business | Oct 02, 2019, 01:21 PM ISTThe merger is scheduled to come into force from April 1 next year.
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CBI arrests PNB manager for taking Rs 1 lakh bribe
India | Sep 24, 2019, 05:24 PM ISTSumer Singh, senior manager at the PNB's Kanwali branch in Rewari district of Haryana, and his accomplice Satish were nabbed by the agency while the latter was accepting the bribe from the complainant, they said.
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Corp Tax Cut: PNB Housing Fin's tax rate to come down by 8-9 Per cent
Business | Sep 23, 2019, 03:23 PM ISTOn September 20, Finance Minister Nirmala Sitharaman announced slashing the basic corporate tax rate for domestic companies to 22 per cent from 30 per cent. The effective tax rate for domestic companies reduced to 25.17 per cent from 34.94 per cent inclusive of surcharge and cess.
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No concern to asset quality post UBI, OBC merger: PNB CEO
Business | Sep 22, 2019, 12:56 PM IST"Everything relating to the merger is going on smoothly. We don't foresee any challenges. Other banks have done it successfully and we can repeat that,said Sunil Mehta, the Managing Director and CEO of PNB.
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PNB to consider Rs 18 thousand-crore capital infusion this week
Business | Sep 02, 2019, 07:54 PM ISTPunjab National Bank (PNB) on Monday said the board will consider capital infusion of up to Rs 18,000 crore in its meeting later this week. It comes against the backdrop of the government's announcement on August 30 about merging 10 public sector banks into four entities, as part of which PNB will merge Oriental Bank of Commerce (OBC) and United Bank of India (UBI) with itself.
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PNB recovers Rs 278 cr as penalty from poor account holders
Business | Aug 08, 2019, 08:15 AM ISTIndia'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).
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PNB returns to black, posts standalone net profit of Rs 1,019 cr in Q1
Business | Jul 26, 2019, 02:05 PM ISTOn the assets front, bank's gross non-performing assets fell to 16.49 per cent of gross advances at end of June 2019, as against 18.26 per cent of gross advances at end of June 2018.
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PNB reports over Rs 3,800 cr fraud by Bhushan Power & Steel Ltd
Business | Jul 06, 2019, 07:45 PM ISTPublic sector lender Punjab National Bank said Saturday it has detected a fraud of more than Rs 3,800 crore by Bhushan Power & Steel Ltd (BPSL) and has reported it to the Reserve Bank of India (RBI).
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DRT directs Nirav Modi, partners to pay over Rs 7,200 cr plus interest
India | Jul 06, 2019, 05:41 PM ISTThe Debt Recovery Tribunal here on Saturday directed fugitive diamond merchant Nirav Modi, who is currently lodged in a London prison, and his aides to pay more than Rs 7,200 crore with interest to the defrauded Punjab National Bank.
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PNB admits staggering loan defaults of Rs 25,000-crore
India | Jun 12, 2019, 07:23 PM ISTThe beleaguered public sector Punjab National Bank (PNB) has admitted to 1,142 big and small defaulters all over India who have defaulted a stupendous Rs 25,090.3 crore.
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PNB Scam case: The Royal Courts of Justice in London denies bail to Nirav Modi
News | Jun 12, 2019, 04:11 PM ISTPNB Scam case: The Royal Courts of Justice in London denies bail to Nirav Modi. This was Nirav Modi's fourth bail application at the UK court which was refused.
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UK high court to deliver judgment on Nirav Modi's bail appeal today
News | Jun 12, 2019, 10:16 AM ISTUK high court to deliver judgment on Nirav Modi's bail appeal today