Page 17 - Punjab National Bank

PNB set to revamp business and strategy of five regional rural banks

The consultancy or advisory firm will conduct assessment of core business opportunities and work towards a holistic operating model review.

FM Nirmala Sitharaman to review bank merger preparedness on Thursday

Banks likely to set up common call centres and monitoring cells

Business not as usual: YES Bank changes way banks, Mint Road are looked at

Former RBI governor, Urijit Patel, had said in the aftermath of the blowout at PNB that the banking regulator was better positioned when it came to the oversight of private banks.

CBI brings back Rs 10 cr PNB Bank loan fraud accused from Muscat

The case against Kalra, his wife and others was taken over by the Central Bureau of Investigation (CBI) on December 16, 2015, they added.

Fugitive diamantaire Nirav's asset auction sees record prices for artworks

Nirav Modi is accused of fraudulently appropriating billions from Punjab National Bank and is currently in a jail in London

Syndicate Bank, Oriental Bank gain on Cabinet nod for merger of 10 PSBs

Punjab National Bank (PNB), Oriental Bank of Commerce, and United Bank of India will combine to form the nation's second-largest lender

Banks may not be in a position to go to the market now: United Bank CEO

Bank's merger with Oriental Bank of Commerce and Punjab National Bank will be smooth, says Ashok Kumar Pradhan.

Dec quarter shows much-needed improvement in asset quality for PSU banks

Slippages ratio for FY20 pegged at 3.5 per cent a tad lower than previous year's 3.7 per cent, but MSMEs, agri and retail are segments that could see fresh stress

PNB clarifies no proposal for changing bank's name after UBI flags issue

This statement comes days after a UBI official said that the government is expected to announce the new name and logo of the merged bank which will become operational from April 1, 2020

PNB chief expects a comeback in FY21 with 8-10% credit growth post merger

Merged entity likely to report 8-10% credit growth, better asset quality next fiscal; equity offering by December

Market Wrap, Feb 4: Sensex skyrockets 917 pts, Nifty nears 12K

Barring HUL and Bajaj Auto, rest 28 stocks in the 30-share Sensex index ended in the green

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.

Weekly stock picks by Religare Broking: Buy Aurobindo Pharma, Ramco Cements

Currently, Ramo Cements' stock is hovering in a range, after a sharp up move, offering fresh buying opportunity to those who missed the chance earlier

CBI gets nod for supplementary extradition plea against Nirav Modi

The court posted the matter for further hearing on January 13

NCLT route ruled out for Suzlon Energy, lenders to set up escrow account

Barring one bank, all lenders are ready to convert more than 50% of the total debt into new debt

Bank consolidation: Non-anchor PSBs urge govt for new name after merger

United Bank of India has written to the Government seeking a new name for the entity formed out of its merger with Punjab National Bank and Oriental Bank of Commerce

PNB raises Rs 1,500 cr via bonds, funds to be used for business expansion

The lender has issued 15,000 redeemable Basel III compliant Tier II bonds in the nature of debenture of Rs 10 lakh each, it said

Top headlines: Cabinet nod to CDS, ex-Maruti MD accused of fraud, and more

CBI has accused ex-Maruti MD Jagdish Khattar of fraud, while the Union Cabinet has approved the creation Chief of Defence Staff

CBI accuses ex-Maruti MD Jagdish Khattar, his firm of Rs 110-cr bank fraud

Jagdish Khattar and his company accused of dishonestly and fraudulently selling goods pledged to Punjab National Bank.