Back to homepage

Tag "pnb"

PNB reports Rs 3,688 cr borrowal fraud by DHFL

PNB reports Rs 3,688 cr borrowal fraud by DHFL

🕔07:08, 10.Jul 2020

Mumbai, July 10  State-run Punjab National Bank (PNB) has reported a borrowal fraud of Rs 3,688.58 crore in the NPA account of the now bankrupt Dewan Housing Finance Ltd (DHFL). In a regulatory filing, the bank said that it has

Read Full Article
PNB Board approves plan to raise Rs 10,000 cr

PNB Board approves plan to raise Rs 10,000 cr

🕔07:05, 10.Jul 2020

New Delhi, July 10  The Board of Punjab National Bank (PNB) on Thursday approved the proposal to raise up to Rs 10,000 crore through equity and debt. In a regulatory filing, the bank said that it will seek shareholders’ approval

Read Full Article
CARE downgrades bank borrowings, NCDs of PNB Housing

CARE downgrades bank borrowings, NCDs of PNB Housing

🕔17:40, 5.Jul 2020

Mumbai, July 5  CARE Ratings has downgraded the credit rating of PNB Housing Finance’s bank borrowings, non-convertible debentures, and fixed deposits to ‘CARE AA’ from ‘CARE AA+’. The rating agency has also revised its outlook to stable from negative. In

Read Full Article
Fitch revises outlook on 9 Indian banks to negative

Fitch revises outlook on 9 Indian banks to negative

🕔17:41, 22.Jun 2020

New Delhi, June 22 After downgrading India’s outlook to negative from stable, Fitch Ratings on Monday revised the outlook on nine Indian banks to negative. The outlook on the Long-Term Issuer Default Ratings (IDR) was revised to negative from stable

Read Full Article
PNB’s standalone Q4FY20 net loss narrows to Rs 697 cr

PNB’s standalone Q4FY20 net loss narrows to Rs 697 cr

🕔10:31, 21.Jun 2020

New Delhi, June 21  State-run lending major Punjab National Banks standalone Q4FY20 net loss narrowed to Rs 697.20 crore. The bank had posted a loss of Rs 4,750 crore during the fourth quarter of the previous fiscal. In the quarter

Read Full Article
Undeterred by Covid-19, govt goes ahead with PSU banks merger

Undeterred by Covid-19, govt goes ahead with PSU banks merger

🕔11:21, 30.Mar 2020

New Delhi, March 28  The government is going ahead with the plan to consolidate public sector banks, undeterred by the spread of Covid-19 that has disrupted business across the country, including banking operations. Accordingly, the amalgamation of the Oriental Bank

Read Full Article
SBI, PNB, IDBI set for recovery from bankrupt Essar Steel

SBI, PNB, IDBI set for recovery from bankrupt Essar Steel

🕔14:10, 15.Nov 2019

New Delhi, Nov 15  The big win for lenders of bankrupt Essar Steel following the Supreme Court order on Friday has opened the doors for state-run banks like SBI, PNB, and IDBI Bank as well private banks like ICICI Bank

Read Full Article
S. S. Mallikarjuna Rao appointed new CMD of Punjab National Bank

S. S. Mallikarjuna Rao appointed new CMD of Punjab National Bank

🕔07:14, 4.Oct 2019

Shri CH. S. S. Mallikarjuna Rao assumed the charge of Managing Director and CEO of Punjab National Bank on 1/10/2019.Prior to this appointment Shri Rao has been serving  as Managing Director and CEO of Allahabad Bank since 19/09/2018. Before this

Read Full Article
OBSERVANCE OF VIGILANCE AWARENESS MISSION (VAM) 2019

OBSERVANCE OF VIGILANCE AWARENESS MISSION (VAM) 2019

🕔05:25, 26.Sep 2019

In order to promote Vigilance Awareness and strengthening the preventive vigilance mechanism, a function was held at PNB Corporate Office, Dwarka, New Delhi. The ceremony was chaired by the Hon’ble Central Vigilance Commissioner, Shri Sharad Kumar alongwith Shri P Daniel,

Read Full Article
No concern to asset quality post UBI, OBC merger : PNB CEO

No concern to asset quality post UBI, OBC merger : PNB CEO

🕔20:20, 22.Sep 2019

New Delhi, Sep 22 (The Punjab National Bank (PNB), which is the anchor bank for a scheduled merger with the United Bank of India (UBI) and the Oriental Bank of Commerce (OBC), has said that it does not see any

Read Full Article
PNB board approves OBC, UBI merger with itself

PNB board approves OBC, UBI merger with itself

🕔18:44, 5.Sep 2019

Mumbai, Sep 5  The board of Punjab National Bank (PNB) on Thursday gave an “in-principle approval” to merger with itself of Oriental Bank of Commerce (OBC) and United Bank of India (UBI). The board also approved the Rs 18,000 crore

Read Full Article
PNB to consider infusion of Rs 18,000 cr at board meet

PNB to consider infusion of Rs 18,000 cr at board meet

🕔06:59, 3.Sep 2019

Mumbai, Sep 3  The Punjab National Bank (PNB) on Monday said that its board would consider capital infusion of up to Rs 18,000 crore on its board meeting on September 5. The bank, in a regulatory filing earlier, had said

Read Full Article
Government to infuse Rs 55,250 crore in PSBs

Government to infuse Rs 55,250 crore in PSBs

🕔12:42, 31.Aug 2019

New Delhi, Aug 31  The government on Friday announced Rs 55,250 crore upfront capital infusion in PSU banks for credit growth and regulatory compliance to support the merging lenders. The declaration came after the government announced the mega-merger of 10

Read Full Article
PNB recovers Rs 278 cr from poor account holders as penalty

PNB recovers Rs 278 cr from poor account holders as penalty

🕔07:54, 8.Aug 2019

Bhopal, Aug 8  The Punjab National Bank (PNB) has recovered Rs 278.66 crore as penalty in the financial year 2018-19 from the poor account holders for not maintaining the minimum balance. This was revealed after an RTI activist in Madhya

Read Full Article
PNB tanks by 10% after another fraud case

PNB tanks by 10% after another fraud case

🕔12:42, 8.Jul 2019

Mumbai, July 8  Two days after the Punjab National Bank (PNB) said that it had been defrauded by Bhushan Power & Steel Ltd. (BPSL) to the tune of Rs 3,805.15 crore, its scrip fell by over 10 per cent on

Read Full Article
PNB reports Rs 3,805 cr fraud by Bhushan Power & Steel

PNB reports Rs 3,805 cr fraud by Bhushan Power & Steel

🕔17:12, 7.Jul 2019

New Delhi, July 7  Another fraud, this time amounting to Rs 3,805.15 crore has been reported at the state-run Punjab National Bank (PNB), this time by the now-insolvent Bhushan Power and Steel Ltd (BPSL). In February 2018, the Rs 13,500-crore

Read Full Article
PNB to remain PNB Housing Finance’s sole promoter

PNB to remain PNB Housing Finance’s sole promoter

🕔06:32, 17.May 2019

Mumbai, May 17  Lending major Punjab National Bank (PNB) will remain as the sole promoter of PNB Housing Finance (PNBHF), after stake sale agreements with Varde Holdings and General Atlantic Group were terminated. Earlier PNB had entered into an agreement

Read Full Article
PNB on BFSI Rajbhasha review meeting with DFS at PNB Premise

PNB on BFSI Rajbhasha review meeting with DFS at PNB Premise

🕔20:13, 25.Apr 2019

वित्‍तीय सेवाएं विभाग, वित्‍त मंत्रालय, भारत सरकार के तत्‍वावधान व दिल्‍ली बैंक नगर राजभाषा कार्यान्‍वयन समिति के संयोजन में देशभर में स्थित सार्वजनिक क्षेत्र के सभी बैंकों, बीमा कंपनियों एवं वित्‍तीय संस्‍थाओं की राजभाषा कार्यान्‍वयन की समीक्षा हेतु दिनांक 24

Read Full Article
PNB organizes workshop on Insolvency Resolution Framework in India

PNB organizes workshop on Insolvency Resolution Framework in India

🕔19:52, 9.Apr 2019

Punjab National Bank (PNB), the country’s leading Public Sector Bank, organized a workshop on Insolvency Resolution Framework in India at its Multipurpose Hall at Corporate Office, Dwarka, Sector -10,  New Delhi . The workshop was graced by Shri Injeti Srinivas

Read Full Article
PNB to sell stake in housing finance arm

PNB to sell stake in housing finance arm

🕔14:28, 29.Mar 2019

New Delhi, March 29 State-run Punjab National Bank (PNB) on Friday said it will sell part of its stake in PNB Housing Finance (PNBHFL) to global equity firms General Atlantic Group and Varde Partners for a total of Rs 1,851.60 crore.

Read Full Article