Pnb Punjab National Bank
Expect to post moderate profit in every quarter of this fiscal: PNB MD
The bank's prime goal in 2020-21 would be to strengthen its balance sheet so that it can create a better case for the amalgamated entity for the next fiscal, too, Rao said
PNB Q4 loss narrows to Rs 697 cr, CEO expects Rs 8k-cr recovery this fiscal
The bank's total income during the March quarter rose to Rs 16,388.32 crore from Rs 14,725.13 crore in the year-ago period
Fell short of mandatory borrowing through debt securities in FY20: PNB HF
The housing finance company (HFC) said its incremental borrowing last fiscal was Rs 21,870 crore
PNB to lower rates on savings account deposits by 50 bps from July 1
Deposits of Rs 50 lakh and above will earn interest of 3.25 per cent as against 3.75 per cent currently
Covid-19: PNB opens emergency credit line for MSMEs to enhance liquidity
There is a facility of standby line of credit for MSMEs as well as PNB COVID-19 Emergency Credit Facility (PNB-CECF), the bank said
PNB looks to tap market in Q3FY21; may raise capital via FPO, rights issue
The government provided Rs 16,091 crore to PNB and Rs 1,666 crore to United Bank of India in September for enhancing the capital base of these two lenders
Banks to add Rs 770 cr to their Q4 bottomline with JSL exit from CDR
Earlier this month, JSL announced its exit from CDR framework. The company received a letter from the consortium of CDR lenders to this effect on March 4.
Auction of Nirav Modi's assets postponed; live auction on March 5
Modi, who has allegedly defrauded state-run Punjab National Bank of over Rs 14,000 crore, is currently lodged in a British jail
PSBs trade weak; PNB, Allahabad Bank, Indian Bank, OBC hit 52-week lows
Nifty PSU Bank index, the top loser among sectoral indices, was down 2 per cent, as compared to 0.79 per cent rise in the benchmark Nifty 50 index.
Punjab National Bank logs loss of Rs 492 cr in Q3, asset quality improves
In terms of ratio, the GNPA for the recently concluded quarter improved sequentially, but was flat YoY, to 16.3 per cent. The NNPA ratio was 7.18 per cent.
PNB rises 3% ahead of Q3 results, nod to raise Rs 1,000 crore via bonds
Among the key monitorables, analysts would watch out for an update on integration and merger of United Bank of India and Oriental Bank of Commerce with PNB.
CBI books ex-Maruti MD Jagdish Khattar in Rs 110-crore loan fraud
Khattar, a former IAS officer had joined then government-owned Maruti Udyog in 1999.
PNB slips over 6% as asset quality worsens in Q2, provisions rise 5% QoQ
The public sector lender's slippages jumped 38 per cent sequentially from Rs 5,412 crore reported in Q1FY20 to Rs 7,460 crore in the quarter under review, the bank's management said.
PNB Housing Finance raises Rs 690 crore from IFC through ECB route
This is the maiden fundraising via the ECB route in 2019-20 by PNB Housing Finance. The company further said that other ECB proposals are in the pipeline
Punjab National Bank slips 10% on detecting fraud of Rs 3,805 crore
PNB said on Saturday that Bhushan Power & Steel Ltd had misappropriated bank funds and had manipulated its books of accounts to raise funds from consortium lender banks.
PNB falls 13% from day's high level on disappointing Q2 results
The stock dipped 8% at Rs 68.20, falling 13% from intra-day high level of Rs 78.60 on the BSE, after the bank reported higher-than-expected net loss in September quarter at Rs 45.32 billion in Q2FY19.
