Page 18 - Punjab National Bank

PNB customers to pay more charges for non-credit services

All charges are exclusive of GST & attracts a charge of 18%, up 15% from previous tax regime charges

PNB board approves plan to raise Rs 3,000 cr equity capital

PNB said its board of directors have called general meeting of shareholders on Sept 12

Why some brokerages have turned positive on Punjab National Bank

A week after Nomura turned positive of Bank of Baroda, it is now the turn of Punjab National Bank (PNB) to enjoy a rating upgrade from the foreign brokerage. Nomura upped its rating on PNB from neutral to buy. With the price target of Rs 180, the potential upside is about 26 per cent even after factoring in for Thursday's 4.6 per cent rally. In a report dated July 5, the analysts note that after the 24 per cent correction in the past two months, incremental risk-reward is turning favourable for PNB. "Our adjusted book valuation of 0.55x FY19 book factors in Rs 79,000 crore of total stress vs gross non-performing assets (NPA) of Rs 55,400 crore in FY17 and adequately captures any asset quality risks," the analysts add. In fact, analysts at Prabhudas Lilladher and Motilal Oswal also have the same opinion on PNB's asset quality issues. "Significant stress is being recognised over last several quarters, and now resolution in key sectors like steel, power, construction and roads remains a .

PNB's Q4 points to moderation in NPAs

Stock up 5% on Tuesday, but analysts concerned over lack of clarity on critical aspects

PNB Q1 net profit up Rs 262 crore as bad loans drop, shares up by 4.4%

The company's market valuation also rose by more than Rs 1,617 crore

PNB loans to get cheaper as bank cuts MCLR rates from May 1

Revised lending rate will be 8.35% for one-year credit, as against 8.45% currently

Punjab National Bank puts up for sale bad loans worth Rs 295 cr

Bank has identified assets worth Rs 1,800 cr that will be sold by month-end to recover bad loans

Punjab National Bank raises Rs 1,500 cr tier-I capital via bonds

The bond holders will get yield of 8.95% per annum, payable semi-annually

PNB gets a lift from non-core revenue streams

Loan quality continues to improve; sustainability of healthy profit growth appears difficult

Punjab National Bank rallies 3.8% on stellar Q3 earnings

The company reported a over four-fold jump in net profit to Rs 207.18 crore for the third quarter ended December 31, 2016-17, on account of lower provisioning

PNB partners with Ola to deploy mobile ATMs

Through the extensive network of Ola cabs present across the state, we are able to bring these mobile ATMs closer to citizens, said Deep Singh

PNB Q2 net profit dips 11.5% to Rs 549 crore

Rise in bad loan provisions seens as prime reason for weak performance

Recoveries to be higher, says PNB

Bank says most of the work on recoveries is happening on the field, covering SME and retail sectors

PNB cuts MCLR rates by 0.05% in various tenors from Aug 1

MCLR is the new benchmark lending rate which has replaced the base rate for new borrowers

PNB to sell its realty assets in central Delhi

Takes over five-star property in Bengaluru to recover dues

PNB's limited gains from housing finance IPO

Apart from some increase in sum-of-parts valuation, the issue will not help in augmenting the bank's capital

PNB waives processing fee for home, car loans till Sep 30

During this financial year, bank's focus is on retail, particularly housing, car and education segment

Punjab National Bank cuts fixed deposit rates by up to 0.25%

The new rates would be effective July 1

913 wilful defaulters owe Rs 11,486 crore to PNB

The list includes embattled businessman Vijay Mallya's Kingfisher Airlines with an outstanding of Rs 597.44 crore

PNB's updated list of wilful defaulters includes Kingfisher Airlines

913 borrowers have been classified as wilful defaulters and they owe Rs 11,480 cr to the lender as of March 2016