Page 10 - Punjab National Bank

Punjab National Bank cuts repo-based lending rate by 25 bps to 6.55%

State-owned Punjab National Bank (PNB) on Friday said it has slashed the repo-based lending rate by 25 basis points (bps) to 6.55 per cent.

Top headlines: PM chairs meet on Covid situation; PNB to raise Rs 6k cr

Business Standard brings you the top headlines on Friday

Banks Board Bureau recommends Atul Kumar Goel for PNB CEO position

BBB in a statement said it has recommended the name of Ajay Kumar Srivastsva on the reserve list for the vacancy

PNB board to meet on Sept 10 to consider raising capital via AT-1 bonds

The capital would be raised in one or more tranches, the lender said in an exchange filing

NCLAT issues notice over PNB's plea against Jet Airways resolution plan

The bank is aggrieved by the reduction in its claim amount by around Rs 202 crore by the Resolution Professional

Top headlines: August exports rise 45%; RRVL gets sole control of Just Dial

Business Standard brings you the top stories this evening

PNB asks NCLAT to quash Kalrock-Jalan resolution plan for Jet Airways

PNB argues that Jet's court-appointed rescue official had initially accepted its claim of nearly Rs 1,000 cr from the airline's backers, but then reduced it by Rs 200 cr

PNB cuts savings deposits rate by 10 bps to 2.9%, effective Sept 1

Bank officials said the decision is partly driven by huge liquidity that the bank continues to manage and also correction in rates vis-a-vis peers, especially PSU banks

PNB waives all service charge, processing fee on retail products

Punjab National Bank on Tuesday said it has waived all service charges and processing fee on retail products as part of its festival season offering.

Govt approves extension of terms of three MD-CEOs, 10 EDs of PSU banks

Mallikarjuna Rao of PNB, Atul Kumar Goel of UCO Bank and A S Rajeev of Bank of Maharashtra are the three MD-CEOs to have got extensions

PNB Housing aims to bring corp loan book below Rs 10k cr by March 2022: MD

PNB Housing Finance is targeting to reduce its corporate loan book to below Rs 10,000 crore by the end of this fiscal as it seeks to focus more on retail lending activities, according to a top company official. The company's corporate lending stood at Rs 10,989 crore at the end of the first quarter of 2021-22, accounting for 15 per cent of its Asset Under Management (AUM) and the latter touched Rs 71,828 crore during the same period. However, PNB Housing Finance's loan assets declined to Rs 60,438 crore at the end of June this year compared to Rs 68,009 crore in the year-ago period. The business of the company, promoted by state-owned Punjab National Bank (PNB), has been hit by the second COVID wave. "This quarter (June 2021) itself, we have been able to reduce the book by about Rs 800 crore in terms of corporate (lending). And we would like to bring it down to below Rs 10,000 crore (by March 2022)," Hardayal Prasad, Managing Director & CEO of PNB Housing Finance, told PTI in an ..

PNB expects recovery of Rs 14,000 crore from bad loans in three quarters

Currently, the bank has about 10,641 branches across the country

Sensex up 873 pts at 53,823; Nifty near 16,150; BSE m-cap tops Rs 240 trn

Amid a steep rally, investors got richer by Rs 2.4 trillion, BSE data showed

PNB's Q1 profit jumps 231% to Rs 1,023 crore as provisions fall

The bank's net interest income (NII) increased 6.5 per cent year-on-year to Rs 7,226 crore during the quarter

Finance Ministry suggests extending terms of CEOs, EDs at state-owned banks

Leaders of Punjab National Bank, UCO Bank and Bank of Maharashtra likely to get more time at their jobs.

PNB scam: Mumbai court grants bail to Dhanesh Sheth, close aide of Choksi

A trial court here has granted bail to Dhanesh Vrajlal Sheth, the managing director of three firms accused in the multi-crore Punjab National Bank (PNB) fraud case

Indian Overseas Bank becomes the second most-valued public lender

On a closing basis, the bank's market cap was Rs 51,887 crore at the end of trading on Friday, surpassing its peers Punjab National Bank (PNB) and Bank of Baroda (BOB)

Fugitive diamantaire Mehul Choksi: The first glimmers of fraud

The diamantaire's implication in his nephew's defrauding of PNB is well documented. Less well known is the sharp practices he employed in his Indian businesses long before this global scandal erupted

PNB to apprise board of PNB Housing Finance deal in Friday meet

The shareholders of PNB Housing on Tuesday voted on a special resolution for a preferential allotment of shares to a clutch of investors led by the Carlyle Group

PNB board meeting on Friday; PNB Housing Finance issue may come up

The board of state-owned PNB is schedule to meet on Friday, which among other routine agenda may take up the proposed investment of Rs 4,000 crore by US-based private equity firm Carlyle and others