Page 16 - Punjab National Bank

PNB didn't misappropriate pension, gratuity funds, says Arun Jaitley

PNB has informed that these funds are duly audited by the bank's statutory central auditors every year, said Jaitley

Order allowing ED to attach firm's property mortgaged with PNB set aside

The PNB had approached the tribunal challenging the adjudicating authority's order allowing the ED to attach the company's properties mortagaged with the bank

PNB invites bids for two dozen bad loan accounts to recover Rs 11.79 bn

These 24 dud loan accounts are majorly concentrated in Mumbai, Delhi and Kolkata zones of the bank

PNB to raise Rs 5.39 bn through staff stock purchase scheme from Nov 30

The offer by Punjab National Bank will open on November 30 and close on December 10

Punjab National Bank issues EoI for stake sale in PNB Housing Finance

PNB owns 32.79 per cent stake in PNG Housing Finance

Still under water, PNB disappoints Street as credit cost weighs on earnings

In Q2, a 69% surge in provisions kept the bank in the red with reported net loss of Rs 45 bn

Fraud-hit Punjab National Bank logs 3rd straight quarterly loss at Rs 45 bn

The loss was much bigger than an estimated average loss of Rs 14.38 billion based on the views of 13 analysts

PNB hopes to realise Rs 86 bn by selling non-core assets: MD Sunil Mehta

PNB has already appointed the merchant bankers for sale of its asset in PNB Housing Finance Company

CBI books VMC Systems in Rs 17-bn bank fraud case on complaint from PNB

According to the complaint by the PNB, the company defaulted on repayment of loans worth over Rs 17 billion to a consortium of banks

PNB board approves proposal to seek Rs 54-bn capital support from govt

The finance minister Tuesday committed capital support to banks after meeting heads of public sector lenders

After Jaitley's promise, PNB plans to ask govt for Rs 54-bn infusion

The finance minister committed capital support to banks after meeting heads of public sector lenders

Dues owed to PNB by big willful defaulters fall by 1.8% to Rs 151.75 bn

Liabilities of big willful defaulters of scam-hit Punjab National Bank (PNB) fell by 1.8 per cent to Rs 15,175 crore by July-end over the previous month, according the state-run's bank data. Big willful defaulters are those who took loans of over Rs 25 lakh from the bank. Such borrowers had an outstanding of Rs 15,355 crore at end of June this year. Among major defaulters who took loans solely from PNB included Winsome Diamonds & Jewellery Rs 899.70 crore; Forever Precious Jewellery & Diamonds Ltd Rs 747.97 crore; Zoon Developers Rs 410.18 crore; Shree Sidhbali Ispat Rs 165.98 crore; Ramsarup Nirmaan Wires Rs 148.10 crore; S Kumar Nationwide Rs 146.82 crore. Among others were Ramsarup Industrial Corporation Rs 133.20 crore; Ramsarup Lohh Udyog Rs 129.34 crore; Mahuaa Media Rs 104.86 crore; KG Corporation Rs 98.92 crore and Vishal Exports Overseas Rs 98.39 crore. Those who borrowed money through a consortium lending from several banks were Kudos Chemie Rs 1,301.82 crore, ...

PNB seeks shareholders' nod to issue 100 million shares to its employees

In June, the bank's board of directors cleared issuance of up to 100 million new shares

Scam-hit PNB in talks with govt agencies to sell old Delhi headquarters

The lender expects to raise nearly Rs 7-8 billion from the sale of its earlier head office in New Delhi

At Rs 9.4 bn, PNB posts straight quarterly loss on fraud-related provisions

As a result of higher recovery, the bank's net NPA declined to 10.58% in Q1 from 11.24% in the previous quarter and gross NPA shrunk to 18.26% against 18.38% of its loans

Lead bank must play key role for quick decisions, says PNB MD Sunil Mehta

Bankers will have to start making effort to resolve the assets before going to NCLT. If we start referring every issue to NCLT, it will also get clogged

PNB opens second loan processing centre in Mumbai to boost recovery

Bank's first CLPC is located at Connaught Place branch in New Delhi

PNB's big wilful defaults fall to Rs 153 bn in June; improve 0.87% over May

PNB suffered a standalone net loss of Rs 122.82 billion in 2017-18, as against a profit of Rs 13.24 billion in 2016-17

PNB denies reports of shutting down fraud-hit Brady House branch in Mumbai

PNB's Brady House branch in Mumbai had fraudulently issued LoUs for the group of companies belonging to Nirav Modi since March 2011

PNB sets up centralised loan processing centre to improve quality credit

This will ensure improved turn-around-time, separate Pre- and Post-sanction responsibility and enable qualitative credit assessment