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
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
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
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 &
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
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
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
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
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
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
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
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
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
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
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,
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
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
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
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
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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