Page 13 - Punjab National Bank
RBI levies over Rs 5.8 cr fine on 6 entities including PNB, Sodexo, PhonePe
The Reserve Bank of India (RBI) has imposed a total fine of over Rs 5.78 crore on six entities, including PNB, Sodexo and PhonePe, for violating regulatory guidelines. In exercise of powers vested under Section 30 of the Payment and Settlement Systems Act, 2007, the RBI has imposed monetary penalty on these entities for non-compliance of regulatory guidelines, it said in a release. Except Punjab National Bank (PNB), the remaining five entities are non-bank prepaid payment instrument (PPI) issuers. RBI imposes the penalty on Sodexo SVC India Pvt Ltd, Muthoot Vehicle & Asset Finance Ltd, QwikCilver Solutions Pvt Ltd, Phonepe Pvt Ltd, Delhi Metro Rail Corporation Ltd, and Punjab National Bank, said the release. Sodexo is slapped with the highest fine of Rs 2 crore; PNB and QwikCilver Solutions Rs 1 crore each; PhonePe Rs 1.39 crore; Muthoot Vehicle & Asset Finance Rs 34.55 lakh; and Delhi Metro Rail Corporation Rs 5 lakh.
 "RBI levies over Rs 5.8 cr fine on 6 entities including PNB, Sodexo, PhonePe")
T Rowe Price signs agreement to acquire majority stake in UTI Trustee
The deal will give it over 51 per cent stake in the trustee even as the stake of three public sector shareholders will fall to under 10 per cent in UTI Trustee Company
 "T Rowe Price signs agreement to acquire majority stake in UTI Trustee")
RBI imposes Rs 1 cr penalty on PNB for unauthorised ATM operations
The Reserve Bank of India (RBI) imposed the Rs 1 crore penalty for "contravention of the nature referred to in Section 26 (6) of the Payment and Settlement Systems Act, 2007 (PSS Act)", it added
 "RBI imposes Rs 1 cr penalty on PNB for unauthorised ATM operations")
Only one-fifth of loans up for recast availed of moratorium, says PNB
Borrowers with repayments worth Rs 28,000-30,000 crore hadn't paid a single loan instalment from March-September
 "Only one-fifth of loans up for recast availed of moratorium, says PNB")
Closely monitoring inventory, asking builders to start selling: PNB Housing
In the last quarter ended September 2020, the number of log-ins for the company improved to 17,063 from just 5,071 in the preceding quarter ended June 2020
 "Closely monitoring inventory, asking builders to start selling: PNB Housing")
PSBs: Sustaining Q2 momentum for a year key to regaining lost faith
Q2 results suggest a trend of easing asset quality issues and the weight of merger behind them
PNB to raise Rs 7,000 crore through QIP by December this year
Bank receives fewer proposals for restructuring than expected as companies fear impact on ratings
 "PNB to raise Rs 7,000 crore through QIP by December this year")
Financials lift indices; Sensex ends 504 pts up ahead of US poll outcome
All that happened in the markets today
 "Financials lift indices; Sensex ends 504 pts up ahead of US poll outcome")
PNB's pre-tax profit surges by 54% to Rs 979 cr in Q2, PAT up 22%
Net interest income soars 29% to Rs 8,393 crore, NPA position improves
 "PNB's pre-tax profit surges by 54% to Rs 979 cr in Q2, PAT up 22%")
PSB Q2 preview: NPA recognition ruling to prevent higher slippages
Analysts pegs SBI's PAT at Rs 3,435.5 crore for the quarter under review, at Rs 517 crore for Bank of Baroda, and at Rs 189 crore for PNB
 "PSB Q2 preview: NPA recognition ruling to prevent higher slippages")
CBI books former PNB deputy manager Gokulnath Shetty in bribery case
The CBI has booked retired deputy manager Gokulnath Shetty in a fresh case of receiving a bribe of Rs 1.08 crore from Rishika Financials that arranged bank guarantees for Gitanjali Gems
Bombay High Court impleads T Rowe Price in UTI AMC's stake sale petition
This year the Officers Association filed an interim application pleading urgent hearing of the writ petition ahead of the IPO and to implead T Rowe Price as a respondent
 "Bombay High Court impleads T Rowe Price in UTI AMC's stake sale petition")
PNB To lead consortium of banks lending to UP's Gorakhpur Link Expressway
State govt will borrow Rs 2,250 crore in all for the project, PNB's share stands at Rs 750 crore
 "PNB To lead consortium of banks lending to UP's Gorakhpur Link Expressway")
Market Ahead, October 1: All you need to know before the opening bell
Cinema and leisure related stocks are expected to trade actively today after the central government announced Unlock 5.0 guidelines
 "Market Ahead, October 1: All you need to know before the opening bell")
Punjab National Bank reports Rs 1,203-cr fraud by Sintex Industries
Public sector Punjab National Bank (PNB) on Wednesday declared its Rs 1,203.26 crore exposure to Sintex Industries Ltd as fraud.
RBI sounds out PNB on acquisition of beleaguered Lakshmi Vilas Bank
Beleaguered bank is currently in merger talks with Clix Capital
 "RBI sounds out PNB on acquisition of beleaguered Lakshmi Vilas Bank")
PSBs report 2,867 cases of frauds worth Rs 19,964 cr in April-June qtr: RBI
Of the 12 PSBs, SBI reported the maximum 2,050 fraud cases involving Rs 2,325.88 crore during April-June 2020
 "PSBs report 2,867 cases of frauds worth Rs 19,964 cr in April-June qtr: RBI")
Kazakhstan cancels PNB subsidiary's licence for failing to meet norms
PNB holds 41.64 per cent in JSC Tengri Bank, the bank said in a regulatory filing
Nirav Modi extradition: UK court given fresh video tour of Arthur Road Jail
The video, with a voice-over confirming that it was shot without any artificial light sources, gave a tour of the jail and specifically Barrack 12
 "Nirav Modi extradition: UK court given fresh video tour of Arthur Road Jail")
PNB fraud: Nirav Modi's extradition trial to resume in UK court on Monday
District Judge directed Nirav Modi's appearance from a room in Wandsworth Prison in south-west London with social distancing norms
