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Tag "Punjab national bank"

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 Housing board approves raising Rs 1,800 cr equity capital

PNB Housing board approves raising Rs 1,800 cr equity capital

🕔07:42, 20.Aug 2020

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,

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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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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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Punjab National Bank’s appeal in $45m fraud claim brought in UK courts refused

Punjab National Bank’s appeal in $45m fraud claim brought in UK courts refused

🕔07:17, 6.May 2020

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

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PNB Housing Finance raises Rs 2,500 cr via NCD issue to LIC

PNB Housing Finance raises Rs 2,500 cr via NCD issue to LIC

🕔13:23, 8.Nov 2019

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

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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 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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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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Service tax: Govt mulls out-of-court deal to resolve issue with banks

Service tax: Govt mulls out-of-court deal to resolve issue with banks

🕔20:48, 1.Aug 2019

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

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PNB returns to black with a bang, Q1 net at Rs 1,019 cr

PNB returns to black with a bang, Q1 net at Rs 1,019 cr

🕔07:45, 27.Jul 2019

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

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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

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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

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