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SBI vs PNB vs Central Bank: 1-year FD; What will be the maturity amount on Rs 7 lakh investment for general and senior citizens

SBI vs PNB vs Central Bank: 1-year FD; What will be the maturity amount on Rs 7 lakh investment for general and senior citizens

Wed, Nov 06, 2024

Compare 1 year fixed deposit (FD) of State Bank of India (SBI), Punjab National Bank (PNB), and Central Bank to find out what will be the maturity amount on Rs 7 lakh investment for general and senior citizens.

Best 3-year FD for senior citizens: SBI vs PNB vs HDFC Bank; which FD will give highest return on Rs 5 lakh investment

Best 3-year FD for senior citizens: SBI vs PNB vs HDFC Bank; which FD will give highest return on Rs 5 lakh investment

Thu, Oct 31, 2024

Senior Citizen FD is a term deposit plan for individuals aged 60 and above. Here, we will compare the fixed deposits (FD) of 3 banks: State Bank of India (SBI), Punjab National Bank (PNB), and HDFC Bank to find out which FD will give the highest return to senior citizens on a Rs 5 lakh investment in the respective 3-year FDs.

HDFC Standard Life buys PNB Housing Finance shares worth Rs 90 crore

HDFC Standard Life buys PNB Housing Finance shares worth Rs 90 crore

Tue, Oct 29, 2024

According to the block deal data available on the BSE, HDFC Standard Life Insurance Company Ltd purchased a little over 10 lakh shares or 0.4 per cent stake in PNB Housing Finance.

TRENDING NOW

Panel seeks changes in passport Act to prevent fraudsters from fleeing India

Panel seeks changes in passport Act to prevent fraudsters from fleeing India

Sun, Jul 29, 2018

An inter-ministerial panel has submitted recommendations to the Home Ministry to tighten the Passport law to prevent defaulting promoters and fraudsters like Vijay Mallya, Nirav Modi and Mehul Choksi from fleeing the country.

Banks, FIs sign pact to fast track resolution of bad loans under consortium lending

Banks, FIs sign pact to fast track resolution of bad loans under consortium lending

Mon, Jul 23, 2018

Under the pact, which is part of project 'Sashakt', each resolution plan will be submitted by the lead lender to an Overseeing Committee. "The lead lender that is the lender with the highest exposure shall be authorized to formulate the resolution plan, which shall be presented to the lenders for their approval," an official statement said.

PNB collects Rs 151.66cr as below min balance penalty in FY18

PNB collects Rs 151.66cr as below min balance penalty in FY18

Tue, Jul 17, 2018

"During the FY 2017-18, a total penalty of Rs 151.66 crore has been recovered due to non-maintenance of minimum balance in 1,22,98,748 savings fund accounts," PNB replied in response of a query filed by RTI activist Chadra Shekhar Gaud.

PNB's NPA recovery in first quarter tops FY'18 level

PNB's NPA recovery in first quarter tops FY'18 level

Sun, Jul 15, 2018

Scam-hit PNB's recovery of over Rs 7,700 crore in bad loans during the first quarter in the current fiscal has surpassed the total amount it recovered in the entire 2017-18 financial year, indicating that it has embarked on the turnaround path, the bank's top official has said.

PNB scam: Nirav Modi's fraud brings 50 wealthy Indians under radar of IT department

PNB scam: Nirav Modi's fraud brings 50 wealthy Indians under radar of IT department

Sat, Jul 14, 2018

A official source told PTI, the Income Tax Department has decided to re-assess the tax returns of over 50 high net-worth individuals who purchased costly jewellery from firms owned by absconding diamantaire Nirav Modi.

PNB Housing Finance gains 7% after parent says to sell 51% stake; PNB shares slip by 3%

PNB Housing Finance gains 7% after parent says to sell 51% stake; PNB shares slip by 3%

Wed, Jul 11, 2018

PNB has no option but to recover the nearly Rs 14,356.84 crore scam created by two jewelers Nirav Modi and Mehul Choksi. Hence, a stake sale in profit making PNB Housing is one way to stay afloat in banking system.

Solving bank NPAs: New governance architecture, transparent process are a must, Sunil Mehta, PNB

Solving bank NPAs: New governance architecture, transparent process are a must, Sunil Mehta, PNB

Tue, Jul 03, 2018

Sunil Mehta, the non-executive chairman, Punjab National Bank (PNB), who was the chairman of the bankers' committee, said that the committee has recommended a five-pronged strategy to deal with the NPAs in the country's banking system.

Dues of PNB's big wilful defaulters rise to Rs 15,490 cr

Dues of PNB's big wilful defaulters rise to Rs 15,490 cr

Sun, Jun 17, 2018

Wilful defaulters borrowing Rs 25 lakh and above owed more than Rs 15,490 crore to PNB as of May end, up 2 per cent from the preceding month. The data from the state-owned Punjab National Bank covers the big wilful defaulters who are not paying back their loans despite having the capacity to do so

Rs 14,000 crore PNB fraud: Was misled on Nirav Modi scam, says RBI

Rs 14,000 crore PNB fraud: Was misled on Nirav Modi scam, says RBI

Wed, Jun 13, 2018

Reserve Bank of India admitted to a parliamentary panel that it was fed with incorrect compliance reports in the Rs 14,000 crore Nirav Modi scam. It said in a written response to the Parliamentary Standing Committee on Finance that the blame for the fraud lay on the Punjab National Bank’s Board for allowing the letter of undertaking ( LoU ) scam to continue for years.

SBI, PNB, ICICI Bank raise lending rates, make home, auto, other loans costlier

SBI, PNB, ICICI Bank raise lending rates, make home, auto, other loans costlier

Sat, Jun 02, 2018

Country's second largest private bank ICICI Bank too said it has raised five-year tenor MCLR by 10 bps to 8.70 per cent. It has also raised the MCLR by 10 bps in loans with tenor of one year and three years. However, lending rate remains unchanged in case of loans up to three months.

Top 5 stocks in news on June 1: PNB, Idea Cellular, Bayer Crop Science, ONGC and Fortis Healthcare

Top 5 stocks in news on June 1: PNB, Idea Cellular, Bayer Crop Science, ONGC and Fortis Healthcare

Fri, Jun 01, 2018

Punjab National Bank (PNB): The lender has revised upwards the marginal cost of funds based lending rate (MCLR) for select tenors by 0.05-0.10 per cent, a move that will lead to costlier loans. It has also increased its base rate by 1 per cent and with this, the base rate went up to 9.25 per cent

Banking scam: 21 PSBs lost Rs 25,775 crore in 2017-18, says RBI in RTI reply

Banking scam: 21 PSBs lost Rs 25,775 crore in 2017-18, says RBI in RTI reply

Mon, May 28, 2018

More stunning revelations of banking frauds are pouring in after the Rs 14,000-crore Punjab National Bank (PNB) fraud case came to light on January 16 this year. A Right to Information (RTI) reply has revealed that 21 public sector banks (PSBs) have incurred of Rs 25,775 crore losses due to banking frauds in the financial year 2017-18

Centre's state banks' bailout stumbles as losses mount, may crimp economic growth

Centre's state banks' bailout stumbles as losses mount, may crimp economic growth

Fri, May 25, 2018

When the government announced a surprise $32 billion bailout plan for the nation`s state-controlled banks last October, credit rating firms and the nation`s central bank saw it as a huge step to getting the industry back to robust health – and lending more to businesses and consumers.

PNB fraud: ED attaches Rs 170-crore assets of Nirav Modi

PNB fraud: ED attaches Rs 170-crore assets of Nirav Modi

Mon, May 21, 2018

The Enforcement Directorate took fresh action against Nirav Modi and attached assets worth Rs 170 crore of the absconding diamantaire in connection with its money laundering probe in the over USD 2 billion PNB fraud case, officials said today.

Sebi to consider penal action against PNB, Gitanjali Gems

Sebi to consider penal action against PNB, Gitanjali Gems

Sun, May 20, 2018

Markets regulator Sebi will consider penal action against Punjab National Bank and Gitanjali Gems after completion of its probe into suspected trading and disclosure related issues in the matter of over Rs 14,000 crore banking fraud, senior officials said

Wilful defaults by PNB's big borrowers slip further to Rs 15,200 cr by April-end

Wilful defaults by PNB's big borrowers slip further to Rs 15,200 cr by April-end

Sun, May 20, 2018

Punjab National Bank which posted a record loss of more than Rs 13,400 crore for the last quarter of 2017-18 closed the fiscal with big wilful defaults of Rs 15,171.91 crore, according to the PNB data

Bank NPAs shoot up 32.7% in fourth quarter so far

Bank NPAs shoot up 32.7% in fourth quarter so far

Thu, May 17, 2018

The share of non-performing assets (NPAs) to total loans of 21 banks that have announced Q4 results so far, excluding PNB, has increased to 8.32% in March 2018.

PNB posts biggest ever quarterly loss of Rs 13,417 cr in Q4

PNB posts biggest ever quarterly loss of Rs 13,417 cr in Q4

Tue, May 15, 2018

Scam hit Punjab National Bank (PNB) today posted largest ever quarterly loss of Rs 13,416.91 crore for January-March period, mainly on account of high provisioning for bad loans. The bank had reported standalone profit of Rs 261.90 crore in the fourth quarter of 2016-17

"Action against top bankers right, PNB MD should also keep away''

"Action against top bankers right, PNB MD should also keep away''

Tue, May 15, 2018

The central government`s action against three top bankers in the country is a welcome move, said a top leader of All India Bank Employees` Association (AIBEA) on Tuesday.

Centre moves to oust bank officials as accused named in PNB fraud case

Centre moves to oust bank officials as accused named in PNB fraud case

Mon, May 14, 2018

Banking secretary Rajiv Kumar told media that a government nominee on the board of state-run Allahabad Bank would call a meeting to seek the removal of the lender`s chief executive Usha Ananthasubramanian, who previously headed fraud-hit Punjab National Bank (PNB)

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