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
Mumbai, Aug 20 The Board of PNB Housing Finance on Wednesday approved raising Rs 1,800 crore of equity capital through preferential issue or rights issue. In a regulatory filing, the housing finance company said that shareholders’ approval would be required,
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, 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, May 6 The Court of Appeal in London has refused permission for the British subsidiary of Punjab National Bank (PNB) to appeal against a judgment dismissing its $45 million claim for fraud and misrepresentation in loans given to Indian
Mumbai, Nov 8 Housing finance company PNB Housing Finance has raised Rs 2,500 crore through the issue of secured redeemable non-convertible debentures (NCDs) to state-run LIC. The issuance was done on a private placement basis with a “door to door
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 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
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
New Delhi, Aug 1 The government may be inclined for an out-of-court settlement in its dispute with banks over unpaid service tax dues to the tune of Rs 38,000 crore with officials indicating a more flexible stance to resolve the
New Delhi, July 27 Country’s second-largest lender, the Punjab National Bank, on Friday reported a surprise profit of Rs 1,018.63 crore for the quarter ended June 30 on a big drop in provisioning for NPAs, thereby returning to black once
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
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
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