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  PNB plans to hit capital market in Q4

  Business | June 21, 2020 18:50 IST

  The 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 collected Rs 268 crore as ATM transaction charges, annual maintenance fee in FY20

  Business | June 10, 2020 15:40 IST

  The public sector lender collected Rs 152.88 crore from customers by levying annual maintenance charges (AMC) on debit cards.While Rs 115.21 crore was garnered by way of levying a fee on ATM transactions, the bank said.

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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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  BIG BANK MERGER: 10 public sector banks turn into 4. Key points bank customers must know

  Business | April 01, 2020 12:21 IST

  As novel coronavirus pandemic that has impacted our economy, there was a dilemma if the merger would be postponed for some time or not , the Reserve Bank of India cleared the air that the merger of 10 PSUs will still take place on the set date i.e. April 1, 2020.

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  PNB unveils new logo ahead of merger with United Bank of India, Oriental Bank of Commerce

  Business | March 30, 2020 15:12 IST

  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.

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  Big Bank Merger: 8 state-owned banks announce share swap ratios

  Business | March 05, 2020 19:24 IST

  With the March-end deadline for the biggest-ever amalgamation scheme is approaching, eight state-owned banks on Thursday announced swap ratios for the proposed mergers

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  UP: Burglars break open ATM, flee with Rs 28 lakh in Bulandshahr

  Crime | February 16, 2020 19:27 IST

  The thieves escaped with the money after breaking open the ATM of Punjab National Bank installed outside the gate of a sugar mill unit on Khurja Pahasu state highway late on Saturday night, Superintendent of Police (Crime) Shivram Yadav said.

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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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  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, Allahabad Bank launch loan products linked to repo rate

  Business | August 27, 2019 21:18 IST

  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.

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  Antigua to extradite Mehul Choksi to India soon; set to revoke his citizenship

  India | June 25, 2019 14:29 IST

  The Antigua and Barbuda government will extradite fugitive businessman Mehul Chokshi to India soon, confirmed the Island nation's Prime Minister Gaston Browne.

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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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  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.

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  PNB 'back in black' as Q3 net rises 7.12 per cent to Rs 246.51 crore

  Business | February 05, 2019 20:05 IST

  PNB, which which was involved in a Rs 14,356-crore scam by Nirav Modi, had reported net profit of Rs 230.11 crore for the corresponding quarter a year ago.

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  PNB fraud case: DRT notice to Nirav Modi, family for recovery of Rs 7,000 cr

  India | December 10, 2018 15:14 IST

  The Punjab National Bank had admitted to a massive fraud, which later climbed up to around Rs 13,600 crore, shaking the foundations of the Indian banking sector.

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  Major heist at PNB branch in Jharkhand's Dumka; six armed men loot around Rs 40 lakh, flees later

  India | December 05, 2018 6:44 IST

    According to news agency ANI, police have recovered the CCTV footage of the incident and an investigation is underway.

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  PNB wilful defaulters' dues fall marginally to Rs 15,075cr at Aug-end

  Business | October 02, 2018 19:34 IST

  According to the list of wilful defaulters who took loans of Rs 25 lakh and more, Kudos Chemie Ltd and Kingfisher Airlines were the major borrowers with outstanding amount of Rs 1,301.82 crore and Rs 597.44 crore respectively. 

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  Pakistan cuts CPEC investment in railways by USD 2 bn citing huge burden of loans

  World | October 02, 2018 14:54 IST

  Railways Minister Sheikh Rasheed Ahmad said that the share of the China-Pakistan Economic Corridor (CPEC) in the railways has been reduced from USD 8.2 billion to USD 6.2 billion.

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  Noida: Police arrest 3 accused in PNB loot bid

  India | September 26, 2018 13:23 IST

  Two of the accused suffered injuries and were hospitalised following a gun battle with the police late on Tuesday in Sector 19 of the city.