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PNB recovers $3.25 mn by liquidating Nirav Modi’s US assets

PNB recovers $3.25 mn by liquidating Nirav Modi’s US assets

🕔07:35, 26.Aug 2020

New Delhi, Aug 26  The Punjab National Bank (PNB) has recovered $3.25 million (around Rs 24.33 crore) as the first tranche of recoveries upon liquidation of the assets of companies promoted by fugitive diamantaire Nirav Modi in the US. In

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Punjab National Bank posts Net Profit of Rs. 308 crores in Q1 FY21

Punjab National Bank posts Net Profit of Rs. 308 crores in Q1 FY21

🕔19:10, 22.Aug 2020

Key Highlights: CASA deposits up by 10.1% YOY Provision Coverage Ratio (PCR)improved significantly by 1038 bps on Y-o-Y basis and stood at80.75% CRAR as per Basel III stood at 12.63% on June 20 Net NPA ratio at 5.39% down by

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PNB commencesPhase-2 of nationwide CSR campaign to fight COVID-19

PNB commencesPhase-2 of nationwide CSR campaign to fight COVID-19

🕔19:28, 20.Aug 2020

Distributes COVID-19 prevention materials through 662 district offices New Delhi, August 20, 2020 – India’s second-largest public sector bank, Punjab National Bank (PNB)commencedPhase-2 of its nationwide campaign to provide COVID-19 prevention materials through its 662 district offices. The Phase-2 of

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PNB celebrates 74th Independence Day

PNB celebrates 74th Independence Day

🕔17:08, 16.Aug 2020

New Delhi, Aug 16, 2020:The nation’s second largest public sector bank, Punjab National Bank (PNB), celebrated 74th Independence Day at its corporate headquarters in New Delhi.  Shri CH SS Malikarjuna Rao, Managing Director & CEO of the Bank (MD &

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PNB to infuse Rs 600 cr in PNB Housing Finance

PNB to infuse Rs 600 cr in PNB Housing Finance

🕔17:35, 31.Jul 2020

Mumbai, July 31  Punjab National Bank (PNB) will invest Rs 600 crore in PNB Housing Finance through preferential issue or rights issue among other options. In a regulatory filing on Friday, the bank said that it will infuse the amount

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PNB win in UK court may set precedent for Mallya loan recovery

PNB win in UK court may set precedent for Mallya loan recovery

🕔07:09, 30.Jul 2020

New Delhi, July 30  In a judgement which may have implications for the case against fugitive tycoon Vijay Mallya, the UK High Court has ruled in favour of the Punjab National Bank’s international subsidiary in a $22 million loan recovery

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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

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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

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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

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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

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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

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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

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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

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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

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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,

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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

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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

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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

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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

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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

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