Page 3 - Pnb

EMIs to hurt more as PNB, ICICI Bank, HDFC hike interest rates

Third hike by HDFC in a month, ICICI increase steepest at 30 basis points

Punjab National Bank raises benchmark lending rate by 0.15%; EMIs to go up

State-owned PNB raised its marginal cost of funds-based lending rate by 15 basis points or 0.15 per cent across all tenures, a move that will lead to an increase in EMIs for borrowers

PNB earns over Rs 645 crore through ATM transaction charges in FY22

Besides, the country's second largest lender collected Rs 239.09 crore in the form of penalty imposed on customers who failed to maintain minimum balance or quarterly/monthly average balance

PNB Q4 results: Standalone net profit declines 66% to Rs 201 crore

Lender sets aside Rs 325 crore to provide for fraud

Sensex ends 277pts lower, Nifty 73pts; L&T, Bajaj twins slip; banks rebound

In the primary market, Venus Pipes & Tubes IPO was subscribed 2 times on Day 1 of the offer period; Delhivery IPO was off to a slow start.

PNB makes verification of high-value cheques mandatory to check fraud

PNB customers need to share details like account number, cheque number, cheque alpha code, issue date, amount, and beneficiary name for clearing the high-value cheques under PPS

PNB acquires 5.97% stake in ONDC in first tranche

ONDC is an initiative of the Ministry of Commerce and Industry to promote open networks for all aspects of the exchange of goods and services over digital networks

PNB board to consider debt raising plan for FY23 on Mar 29

The bank has not provided details on how much capital it is planning to raise via debt in 2022-23

PNB Housing Finance board to take call on fundraising on Mar 9

PNB Housing Finance had decided to sell a part of its stake to a group of investors led by private equity firm Carlyle in May

SJVN signs papers to get Rs 6,333 cr loan for Arun-3 hydro project in Nepal

State-owned SJVN on Tuesday signed papers to get a Rs 6,333.40-crore loan from a consortium of banks from India and Nepal for funding of its Arun-3 power project in Nepal. "SJVN Arun-3 Power Development Company, a subsidiary of SJVN Ltd in Nepal, today (on Tuesday) signed term loan documents for drawl of Rs 6,333.40-crore loan with the consortium of banks from India and Nepal," the company said in a statement. The consortium, led by SBI India and PNB, have Exim Bank, Canara UBI & Everest Bank, Nepal & Nabil Bank, Nepal as consortium members, according to the statement. SJVN Chairman and Managing Director Nand Lal Sharma re-affirmed SJVN's commitment to complete the construction of 900-MW Arun-3 HEP (hydro electric project) in Nepal in the financial year 2023-24, one year ahead of the scheduled commissioning of the project in February 2025, as required under Project Development Agreement and Financing Documents. The documents were signed by Jitendra Yadav, chief finance ...

Here's why HDFC Securities recommends buying National Aluminium, PNB

According to Vinay Rajani of HDFC Securities, metal as a sector has been outperforming for a while and technical setup of the metal index is much stronger than Nifty.

Sensex snaps 3-day winning run, ends 770 pts down; Nifty tops 17,750

Among sectors, all the key indices ended in the red, led by the Nifty IT index (down 2 per cent) and the Nifty Realty index (down 1.7 per cent). Nifty Auto index was the only gainer, up 0.4 per cent.

Aiming to recover Rs 5,000 cr, bring net NPAs under 4.5% by March: PNB MD

The lender is also looking to further monetise its 15% stake in UTI AMC as part of its non-core asset sale plan to shore up its capital base.

PNB, SBI: Here's why Mehul Kothari is bullish on these banking stocks

According to Mehul Kothari, traders can buy PNB on dips near the 40-mark with a stop loss of 36 for upside target of 48 in 3 - 5 weeks.

PNB Q3 net profit more than doubles to Rs 1,127 cr on lower provisions

On the asset quality front, the bank witnessed slight improvement by cutting its gross NPAs as a percentage of gross advances to 12.88% from 12.99% by the same period a year ago

Atul Kumar Goel takes charge as 'officer on special duty' in PNB

Punjab National Bank on Saturday said Atul Kumar Goel has taken charge as an 'officer on special duty', before taking over as its new MD and CEO next month.

PNB to pick up 9.5% stake in Open Network for Digital Commerce Ltd

Open Network for Digital Commerce (ONDC) Ltd is being established with a mandate to develop an open network for digital commerce

Nifty Bank hits 200-DMA. How to trade bank stocks in the next few sessions

Expect PNB, Bandhan Bank and other banks to trade with a negative bias below 200-DMA

PNB puts up National Steel & Agro Industries Ltd for sale to recover dues

The company has a balance outstanding of Rs 199.90 crore to the bank

CARE upgrades by a notch AT1 bonds ratings of 4 state-owned lenders

Agency sees improvement in capital cushions over minimum regulatory requirement, improvement in profitability.