PNB

The markets experienced a volatile session and ended nearly flat, taking a breather after three consecutive days of gains

Among others, UCO Bank and Central Bank gained over 9 per cent and over 7 per cent respectively. Indian Overseas Bank shares were up over 6 per cent

The bank's net interest income (NII) increased to Rs 10,517 crore in Q2 FY25 from Rs 9,923 crore in Q2 FY24, showing an improvement of 5.99 per cent on a year-on-year (Y-o-Y) basis

Goel discussed the public sector lender's latest quarterly results and its expansion plans

Chandra began his banking career with Erstwhile Corporation Bank in September 1991 as a probationary officer. He holds a master's degree in economics

Cardholders may get discounts on consumer durables, travel bookings, eating out, food and grocery deliveries

Instruction meant for customers of sovereign gold and RBI bonds in case of unclaimed interest or principal of more than six years

Process needs to be done again as company is strengthening its systems

State-owned Punjab National Bank (PNB) has raised Rs 5,000 crore through an issue of equity shares to qualified institutional players. The bank allocated about 48.19 crore equity shares at an issue price of Rs 103.75 per share, which was at a discount of 4.96 per cent to the floor price of Rs 109.16 per share, PNB said in a statement. The bank's QIP issue was open for subscription from September 23 to 26, 2024, it said. "The bank received Bids from Qualified Institutional Buyers (QIBs) including Mutual Funds, Foreign Portfolio Investors (FPIs), Insurance Companies, etc., to the tune of Rs 41,734 crore for the QIP Issue, which is 16.7 times the base issue size of Rs 2,500 crore and 8.3 times the total issue size of Rs 5,000 crore," it said. The amount of capital raised through QIP issue will augment the bank's CET-1 Ratio and the overall Capital Adequacy Ratio, it added.

Among the contenders are two executive directors (EDs) from Bank of Baroda, one ED each from Union Bank of India, Indian Overseas Bank, and Canara Bank, and several deputy MDs from SBI

State-owned Punjab National Bank (PNB) on Monday fixed a floor price of Rs 109.16 per share for its share sale through qualified institutional placement (QIP). The bank had taken board approval last year for raising up to Rs 7,500 crore via share sale in one or more tranches during 2024-25. The board approved and adopted the preliminary placement document together with the application form in connection with the issue, PNB said in a regulatory filing. It also approved the floor price Rs 109.16 per share based on the pricing formula as prescribed under Regulation 176 of the Sebi ICDR Regulations, it said. The bank may offer a discount of not more than 5 per cent on the floor price so calculated for the issue, it said. The issue price will be determined by the bank in consultation with the book running lead managers appointed in relation to the issue, it added.

Technical chart suggests that ACC, IRCTC, PND and Aarti Industries could slide up to 28% from present levels owing to formation of 'Death Cross' on the daily chart; a long-term bearish indicator.

PNB is switching the maintenance of average balance from quarterly to a monthly basis

Receives similar proposals from Union Bank of India, UCO Bank, Indian Overseas Bank

The new features includes balance inquiries, mini statements, cheque book requests, emergency services and more

The Karnataka government on Friday kept its circular in abeyance for 15 days, which prohibited all business transactions with the State Bank of India (SBI) and the Punjab National Bank (PNB). The decision came after Chief Minister Siddaramaiah considered the two banks' requests. A government circular issued on August 12 ordered all its departments, boards, corporations, public sector units and universities to withdraw all their deposits and investments in the SBI and the PNB and stop transacting any business with these institutions. "After considering the banks' requests, the Honorable Chief Minister has directed officials of the Finance Department to keep the circular in abeyance for 15 days," the state government said in a release. It said that putting the previous circular on hold "will allow the banks sufficient time to address the issues and redress the concerns of the government." The government is committed to ensuring transparency and accountability in all its dealings, sa

One incident involved PNB's Rajajinagar branch, where the Karnataka State Industrial Board had fixed deposits of approximately Rs 25 crore, but PNB released only Rs 13 crore on maturity

KYC update is applicable only for those customers whose accounts were due for KYC updation as of March 31, 2024

Recently, PNB has found a support level, forming a bottom around the Rs 114-116 range. This suggests that stock has likely reached a point where selling pressure is reducing & buyers are stepping in.

PNB Q1FY25 results: Gross Non-Performing Asset (GNPA) ratio of the bank improved by 275 basis points (bps) on a Y-o-Y basis to 4.98 per cent as on June 24 from 7.73 per cent as on June 23