Punjab National Bank,

RBI imposes Rs 1 crore penalty on Punjab National Bank

RBI imposes Rs 1 crore penalty on Punjab National Bank

State-run Punjab National Bank on Friday said the RBI has imposed a penalty of Rs 1 crore on it for contravention of the Payment and Sett...Read More

UK Court rejects Nirav Modi's bail plea

UK Court rejects Nirav Modi's bail plea

On Monday, a UK Court rejected bail plea filed by fugitive businessman Nirav Modi.

Moody’s cuts five PSU banks’ ratings as slowdown worsens

Moody’s cuts five PSU banks’ ratings as slowdown worsens

The outlook on the ratings of the four banks is negative.

PNB expects to restructure loans worth Rs 40k cr

PNB expects to restructure loans worth Rs 40k cr

The Reserve Bank of India (RBI) had earlier this month allowed one-time restructuring of corporate and personal loans to help entities am...Read More

SBI, PNB, BoB may go for share sale this fiscal

SBI, PNB, BoB may go for share sale this fiscal

Qualified Institutional Placement (QIP) would be the most preferred way and public sector banks are likely to take a call on taking this ...Read More

PNB reports fraud of Rs 3,688.58 cr in DHFL account

PNB reports fraud of Rs 3,688.58 cr in DHFL account

The DHFL came in the eye of the storm after a report suggested that the company, through layers of shell companies, allegedly siphoned of...Read More

PNB plans to hit capital market in Q4

PNB plans to hit capital market in Q4

At the moment, the bank is sufficiently capitalised with the capital adequacy ratio of 14.14 per cent at the end of March 2020, PNB Mana...Read More

Nirav Modi remanded till July 9 by UK court in PNB fraud and money laundering case

Nirav Modi remanded till July 9 by UK court in PNB fraud and money laundering case

Fugitive diamond merchant Nirav Modi, fighting extradition to India on charges over the nearly USD 2 billion Punjab National Bank (PNB) f...Read More

PNB scam: Court allows confiscation of Nirav Modi's assets

PNB scam: Court allows confiscation of Nirav Modi's assets

Mumbai: A special court here on Monday allowed confiscation of assets owned by diamantaire Nirav Modi, a key accused in the multi-crore P...Read More

Mega bank merger: Meeting deadline of April 1 challenging

Mega bank merger: Meeting deadline of April 1 challenging

Even after Cabinet approval to the proposed mega merger plan, officials said, fixation of share swap ratio, shareholders consent and othe...Read More

PNB posts Rs 492 cr net loss in Q3 due to high provisions

PNB posts Rs 492 cr net loss in Q3 due to high provisions

The state-owned lender had posted a net profit of Rs 246.51 crore for the same period a year ago. In September quarter 2019-20, the bank ...Read More

RBI finds Punjab National Bank under-reported bad loans by Rs 2,617 crore in FY19

RBI finds Punjab National Bank under-reported bad loans by Rs 2,617 crore in FY19

In a regulatory filing on Saturday, PNB said the divergence in gross non-performing assets (NPAs) assessed by the central bank stood at R...Read More

Nehru Hockey Tournament: Fight breaks out between Punjab Police and PNB during finals

Nehru Hockey Tournament: Fight breaks out between Punjab Police and PNB during finals

New Delhi: In a big embarrassment for Indian hockey, players of Punjab Police and Punjab National Bank on Monday got involved in an ugly ...Read More

Bhopal: EOW registers FIR against office bearers of St Jude Housing Society

Bhopal: EOW registers FIR against office bearers of St Jude Housing Society

Members of society had allegedly duped money of plot seekers

Bad News: PNB Q2 net at Rs 507 cr, low asset quality, provisions up

Bad News: PNB Q2 net at Rs 507 cr, low asset quality, provisions up

New Delhi: India's second largest state-run lender Punjab National Bank (PNB) posted a net profit of Rs 507.05 crore for the second quar...Read More

Indore: Transactions worth Rs 1.40 lakh cr  hit due to bankers’ strike

Indore: Transactions worth Rs 1.40 lakh cr hit due to bankers’ strike

More than 3000 employees of nationalised banks except SBI observe strike.

34 functional teams to smoothen merger of UBI, PNB, OBC

34 functional teams to smoothen merger of UBI, PNB, OBC

Kolkata: A total of 34 functional teams have been formed to smoothen the process of merger of United Bank of India (UBI), Punjab National...Read More

PNB puts up 11 NPA accounts for sale to recover dues of Rs 1,234 cr

PNB puts up 11 NPA accounts for sale to recover dues of Rs 1,234 cr

New Delhi: State-owned Punjab National Bank (PNB) has put up for sale nearly a dozen non-performing assets (NPA) to recover dues of more ...Read More

PNB board approves amalgamation with OBC, United Bank

PNB board approves amalgamation with OBC, United Bank

New Delhi: The board of Punjab National Bank (PNB) has given in-principle approval for amalgamation of Oriental Bank of Commerce and Unit...Read More

PSB stocks plunge up to 9.3 percent post-merger announcement

PSB stocks plunge up to 9.3 percent post-merger announcement

PNB has been inherently weak and the merger could further aggravate and prolong the pain

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