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  PNB Housing Finance signs pact with IIT-D to develop PPE kits for healthcare workers

  Business | May 06, 2020 14:42 IST

  PNB 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 | April 12, 2020 14:49 IST

  State-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 | April 01, 2020 10:37 IST

  State-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 | February 11, 2020 18:29 IST

  Punjab 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 | November 05, 2019 18:27 IST

  The 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 | October 02, 2019 13:21 IST

  The 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 | September 24, 2019 17:24 IST

  Sumer 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 | September 23, 2019 15:23 IST

  On 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 | September 22, 2019 12:56 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 | September 02, 2019 19:54 IST

  Punjab 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 | August 08, 2019 8:15 IST

  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).

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  PNB returns to black, posts standalone net profit of Rs 1,019 cr in Q1

  Business | July 26, 2019 14:05 IST

  On 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 | July 06, 2019 19:45 IST

  Public 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 | July 06, 2019 17:41 IST

  The 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 | June 12, 2019 19:23 IST

  The 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 | June 12, 2019 16:11 IST

  PNB 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 | June 12, 2019 10:16 IST

  UK high court to deliver judgment on Nirav Modi's bail appeal today

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  Delhi court summons 11 top PNB officials for violation of banking regulations, criminal conspiracy

  Business | March 26, 2019 22:15 IST

  The central bank alleged that the accused willfully and deliberately gave false information in their compliance report and the PNB's core banking system was not integrated with the applications and there was no online integration of SWIFT with the RBI's Core Banking Solution.

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  Amid reports of securing loan worth over Rs 2,000 cr from PNB, Jet Airways shares jump over 4 per cent

  Business | March 11, 2019 14:06 IST

  According to a report, the airline has raised loan worth Rs 1,100 crore and a non-fund based credit facility of Rs 950 crore from PNB.

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  PNB sets Rs 10,000-cr NPA recovery target in March quarter

  Business | February 06, 2019 20:05 IST

  So far this fiscal year, the once-second largest lender had made recoveries worth Rs 16,600 crore from bad loans.