Tue, Oct 29, 2024
PSU Bank Stock in Focus: The shares of PNB gained even as Sensex declined 322.24 points to 79,682.80 in early trade and Nifty was down 86.55 points to 24,252.60.
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Mon, Oct 28, 2024
Check out the maturity corpus on a 5-year FD with the State Bank of India (SBI) and Punjab National Bank (PNB) for general and senior citizens on Rs 8 lakh investment.
Thu, Oct 03, 2024
PNB reported an 11.41 per cent increase in total deposits to Rs 14.59 lakh crore as against Rs 13.09 lakh crore at the end of the second quarter of the previous financial year.
Sun, Dec 31, 2017
Public sector Punjab National Bank today announced raising interest rates by up to 1.25 per cent on domestic term deposits of up to Rs 10 crore for different tenures, effective January 1, 2018.
Wed, Dec 27, 2017
State Bank of India (SBI), Punjab National Bank (PNB), Bank of Baroda (BoB) and Life Insurance Corporation (LIC) are having their own mutual funds and at the same time they hold 18.24 per cent stake each in UTI AMC.
Tue, Dec 12, 2017
India`s state-run banks are raising funds as part of a recapitalisation plan in which New Delhi will inject 1.35 trillion rupees through recapitalisation bonds.
Wed, Dec 06, 2017
The wider Nifty hit a low of 10,033.35 before finishing at 10,044.10, down 74.15 points or 0.73 per cent. It had touched a high of 10,104.20 in early trade.
Sun, Dec 03, 2017
Some banks have already got approval from the finance ministry while others are in the process of getting the green signal for raising capital either through private placement or the rights issue, they said.
Sun, Nov 12, 2017
Battling multiple headwinds, the disinvestment-bound airline has been working on ways to reduce its debt, including by way of selling non-core assets and expanding operations.
Wed, Nov 08, 2017
PNB saw just 2.2% increase in its net profit to Rs 561 crore in Q2FY18 compared to net profit of Rs 549 crore in the same period of the previous year.
Fri, Nov 03, 2017
State-run lenders account for the bulk of India`s 9.5 trillion rupees in soured bank loans as of June. The surge in bad loans has choked new lending in an economy which needs more investment to help spur growth.
Wed, Oct 25, 2017
SBI shares rose more than 20%, while PNB shares surged more than 33%.
Thu, Sep 28, 2017
The Board of Directors accorded approval for raising common equity tier capital up to Rs 5,000 crore as per Basel III requirements, the bank said in a BSE filing.
Sun, Aug 20, 2017
The total outstanding loans by wilful defaulters rose to Rs 92,376 crore at the end of financial year 2016-17, from Rs 76,685 crore at the end of last fiscal 2015-16 -- up 20.4%.
Wed, Aug 02, 2017
PNB witnessed net profit of Rs 343.40 crore, a rise of 12.09% compared to net profit of Rs 306.36 crore in the corresponding period of the previous year.
Tue, Jun 27, 2017
Fitch Ratings on Tuesday that it has affirmed Issuer Default Rating (IDR) of eight Indian banks.
Wed, Jun 14, 2017
A day after the Reserve Bank of India (RBI) said that it had identified 12 of the largest loan defaulters and would order lenders to start bankruptcy proceedings against them, shares of banks like State Bank of India (SBI), Punjab National Bank, among others edged higher in the morning trade on Wednesday.
Tue, May 16, 2017
The bank posted net profit of Rs 261.90 crore this period, compared to net loss of Rs 5,367.14 crore in the similar period of the previous year.
Banking sector especially public sector banks (PSBs) throughout its FY17 have been mainly muted as they suffered from single-digit loan growth, excess liquidity, weak NII and lack of resolution to its non-performing assets (NPAs) problem.
Sun, May 14, 2017
The Indian markets will see stock-specific action this week, with sentiment being shaped by quarterly earnings of bluechips like State Bank of India (SBI) and Hindustan Unilever Ltd (HUL) and may also react to IIP and inflation data released last Friday.
Thu, May 11, 2017
Sources said some lenders might be seeking to gain concessions on other debt with Essar units before giving their approval.
Sat, May 06, 2017
In a major restructuring of PSU banks, the government on Saturday has appointed heads of seven public sector unit (PSU) banks and carried out rejigs at Punjab National Bank (PNB) and Bank of India (BOI).
Wed, May 03, 2017
On March 3, a Supreme Court bench comprising Justices Ranjan Gogoi and Navin Sinha rejected the pleas of Sharad Kabra and Choudhary for clubbing together the cases at Mumbai and Indore.
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