Page 17 - Punjab National Bank

ED seeks Nirav Modi's extradition in PNB scam, moves Mumbai court

It is understood that the extradition has been sought by the agency from the UK, Belgium and a few other countries

Wilful defaults by PNB's big borrowers rise by 2% in May to Rs 154.90 bn

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

Hong Kong Monetary Authority enhances supervision of PNB's HK branch

This branch is also required to maintain a position of "net due to" its head office

PNB to raise Rs 130 bn via stake sale in subsidiaries, bad loans' recovery

The bank also plans to sell its property at Bhikaji Cama Place in New Delhi

PNB hikes MCLR by 0.05-0.10% for select tenors with effect from June 1

The state-owned lender said that the base rate has also been revised to 9.25 per cent from 9.15 per cent with effect from June 1, 2018

Fraud-hit PNB stock is a dud investment, caution analysts

The results have made analysts cautious on public sector banks (PSBs) that are saddled with a large quantum of non-performing assets (NPAs)

Fraud-hit PNB posts biggest ever quarterly loss of Rs 134.17 billion in Q4

Net NPAs were also soared to 11.24 per cent against 7.81 per cent a year ago

NPA provisioning to hit PNB results; to report loss of Rs 27 billion in Q4

Fraud-related provisioning besides RBI's new NPA rules to hit the bank sharply

Nirav Modi fraud-hit PNB aims to grow its total business by 10.8%

Nirav Modi fraud-hit Punjab National Bank (PNB) aims to grow its total business by 10.8 per cent and close the current fiscal with to Rs 12 lakh crore on the back of increased focus on CASA mobilisation. The board of the bank in a meeting held last Saturday, deliberated on the future roadmap for the bank and implementation of the finance ministry's Enhanced Access & Service Excellence (EASE), PNB CEO Sunil Mehta told PTI. "The bank will aim at growing by 10.8 per cent year-on-year to aim at total business of Rs 12 lakh crore in FY '19. Similarly, the bank has planned 13.7 per cent growth in CASA (current account savings account) to aim for an amount of Rs one lakh crore," he said. Over the last few weeks, the bank has focused on changing and improving its systems and processes to reduce customers' risk and further strengthen the bank, he added. This includes increased intervention of technology, segregation of responsibilities, introduction of new verticals and realignment of ...

Despite Rs 130-bn scam, PNB 's domestic business crosses Rs 10 trn in FY18

PNB's domestic deposits grew 6.2% to Rs 6 trillion in 2017-18

PNB appoints Lingam Venkata Prabhakar as executive director for 3 years

He has been appointed for a period of three years with effect from the date of taking over charge of the post on or after March 1

Bihar youth commits suicide as Punjab National Bank refuses to give loan

District police official Vidhassgar said police has begun an investigation from all angles

Punjab National Bank's total business crosses Rs 11 trillion

Stock of PNB closed 6% higher at Rs 176.75 on BSE

Forced insolvencies to save Punjab National Bank from large hair cuts

The country's soured-debt ratio is the worst among the world's largest economies, data compiled by the IMF show

Punjab National Bank trades firm after QIP launch

The stock was up 1% at Rs 175, was the largest gainer among Nifty PSU Bank index at 11:59 AM.

PNB Housing Finance announces OFS of about 1 bn shares at Rs 1,325 apiece

Earlier this month, PNB Managing Director and Chief Executive Officer Sunil Mehta said the bank has a headroom to sell up to 9 per cent stake in the subsidiary.

Punjab National Bank up 8% as Q2 profit beats estimates

The stock moved higher by 8% to Rs 212 after the bank reported a better than expected net profit at Rs 561 crore in September quarter.

Punjab National Bank Q2 profit up 2%, beats estimates

Analysts on average had expected a net profit of Rs 433 crore

PNB plans to raise up to Rs 5,000 cr from market to fund growth

The bank did not give say whether it would be raised by diluting government equity or issuing Additional Tier-1 bonds

Punjab National Bank cuts MCLR, base rate by up to 0.25%

It has trimmed the MCLR by 0.25 per cent each for overnight to 7.75 per cent