Home MarketPunjab National Bank

Punjab National Bank Stock Info: As on 2018-05-21 15:59:59

Nse

78.15

3.40(4.55%)
Change%
52 Week Range
74.15
16.00
231.45
26.00
Open76.00
Day's Range67.28 - 82.23
Value Traded (in ₹ Cr.) 232.05

Bse

78.20

3.45(4.62%)
Change %
52 Week Range
74.30
16.00
231.60
26.00
Open76.00
Day's Range67.28 - 82.23
Value Traded (in ₹ Cr.) 20.08

Stock Exchange

Category No. Of Shares Share %
ForeignPromoters 0.00 0.00%
IndianPromoters 1,718,445,145.00 62.25%
Mutual Funds/UTI 225,738,260.00 8.18%
FII 252,283,956.00 9.14%
Employee 0.00 0.00%
Public 132,230,012.00 4.79%
Government 309,800.00 0.01%
Others 43,557,990.00 1.58%
More

Key Statistics

Valuation Measures
Basic EPS 6.45
Diluted EPS 6.45
Cash EPS 8.22
BVPerShare Excl 179.03
BVPerShare Incl 196.65
Operating Revenue 222.16
Price BV 0.84
PriceTo Sales 0.67
Retention Ratios 100.00
Dividend 0.00
Earnings Yield 0.04
NP Per Share 6.23
Cost To Income 40.22
Enterprise Value 6693258413950.00
Interest Per Employee 6395648.26
EVPer NetSales 14.16
Int Exp By EarningAssets 4.48
Parameter Mar-17 (₹ Cr.) Yoy%change
Total Income 56,227.36
Total Expenses 54,902.56
EBITDA 87,610.42
PBT 1,324.80
PAT 1,324.80
Net Income 1,324.80
More
Parameter Mar-18 (₹ Cr.) 6M % change
Total Income 28,203.18
Total Expenses 24,405.37
EBITDA 20,305.83
PBT -21,021.97
PAT -13,186.80
Net Income -13,186.80
More
Total Assets
Total Assets
Parameter Mar-17 (₹ Cr.) Yoy%change
Total share capital 425.59
Net worth 41,846.98
Investments 186,725.44
Total Liability 720,330.55
Total debt 662,467.35
Net block 6,273.25
Total Assets 720,330.55
Parameter Mar-17 (₹ Cr.) 6M % change
Total share capital 392.72
Net worth 38,310.14
Investments 157,845.89
Total Liability 667,390.45
Total debt 612,806.37
Net block 5,222.73
Total Assets 667,390.45
Company Curr Price Prev. Close Change% W's Low/High

Allahabad Bank

38.55 37.75 2.12
37.346.35

Andhra Bank

34.95 34.35 1.75
34.1537.1

Bank of Baroda

129.9 126.7 2.53
125.25144.65

Bank of India

97.95 93.45 4.82
92.75102.75

Bank of Maharashtra

13.5 13.15 2.66
12.9513.7

Canara Bank

245.65 235.7 4.22
234.5258.5

Central Bank of India

66.65 67.35 -1.04
6271.05
Company Curr Price Prev. Close Change% W's Low/High

Allahabad Bank

38.5 37.75 1.99
37.446.2

Andhra Bank

34.95 34.35 1.75
33.937.05

Bank of Baroda

129.7 126.55 2.49
125.5144.6

Bank of India

98.2 93.25 5.31
92.85102.9

Bank of Maharashtra

13.58 13.19 2.96
1313.69

Canara Bank

245.85 235.5 4.39
234258.2

Central Bank of India

66.45 66.95 -0.75
6270.55
More
Parameter Mar-17(in ₹ Cr.)
Cash from operating activities 12,497.05
Cash from investing activities -527.18
Cash from financing activities 738.69
Net change in cash 12,708.56

Stock Held By Mutual Fund Schemes

Scheme Holding (%)
HDFC Prudence Fund - Regular Plan 1.07%
HDFC Equity Fund - Regular Plan 1.06%
HDFC Mid-Cap Opportunities Fund - Regular Plan 0.87%
Reliance Tax Saver Fund 1.47%
HDFC Top 200 Fund - Regular Plan 0.67%
Kotak Equity Arbitrage Fund - Regular Plan 0.86%

Balrampur Chini posts Rs 42 cr net loss in Q4

Leading sugar firm Balrampur Chini Mills posted standalone net loss of Rs 42.69 crore for the fourth quarter of 2017-18, mainly due to higher expenses. The company had reported a net profit of Rs 200.39 crore in the same quarter previous fiscal, according to a regulatory filing. The revenue of the company increased to Rs 1,037.01 crore in the January-March quarter of FY18 from Rs 893.50 crore in the year-ago period. However, expenses remained rose to Rs 1,069.17 crore from Rs 667.47 crore. For the full 2017-18, the company's consolidated net profit declined to Rs 231.67 crore compared to Rs 592.76 crore in the previous fiscal. The company said its revenue and expenses for the fourth quarter of the last fiscal included the excise duty and are not comparable with that of this year due to implementation of the goods and services tax (GST). Commenting on the performance, Balrampur Chini Mills Managing Director Vivek Saraogi said, The sugar industry is currently going through a challenging period owing to a record domestic production which has severely depressed sugar prices. Given the large disparity in sugarcane costs and realisations, sugar operations have become unviable. This has resulted in cane arrears across India reaching levels of over Rs 22,000 crore, he said. Saraogi urged the central and state governments to take urgent steps for the crisis being encountered by the industry which is not just sentimental rather 'real'. He said that the only solution is to reduce the sugar inventory as quick as possible for clearance of cane dues and to have an economical and rationale cane price across India. Balrampur Chini is one of the largest integrated sugar company in India. It has ten sugar factories in Uttar Pradesh.

21-05-2018 11:54

IDBI Bank appoints two independent directors on its board

State-run IDBI Bank said its board has approved appointment of two new independent directors following the resignation of two board members last week. The board on May 19, 2018, approved the appointment of Samaresh Parida and N Jambunathan as additionald directors, IDBI Bank said in a filing to stock exchanges. Parida is a consultant while Jambunathan was former Deputy Managing Director of SBI. Last week, two independent directors Ninad Karpe and S Ravi resigned from the board of state-owned IDBI Bank days after CBI filed an FIR in connection with Rs 600 crore loan given by the bank to former Aircel promoter C Sivasankaran, his son and companies controlled by him. The CBI's FIR had named the two independent directors and many other officials. The case pertains to loans of Rs 322 crore and Rs 523 crore given to the companies of Sivasankaran, who was at the centre of Aircel Maxis probe for alleging that then telecom minister Dayanidhi Maran put pressure on him to sell his company to a Malaysian telecom tycoon, a case in which Maran brothers have been discharged by a special court. The loans later turned non-performing assets or NPAs. The loan of Rs 322 crore was allegedly issued to Finland-based Win Wind Oy (WWO) by IDBI Bank in October, 2010 which turned NPA three years later, the CBI has said in its FIR. The CBI has named 15 bank officials who worked at senior levels at IDBI Bank between 2010 and 2014 when loans were sanctioned to the companies controlled by Sivasankaran in its FIR registered on a complaint from the Central Vigilance Commission. Managing Director and CEO of Indian Bank Kishor Kharat (who was then MD and CEO of IDBI Bank) and his counterpart in Syndicate Bank Melwyn Rego (then Deputy Managing Director in IDBI Bank), along with then Chairman-cum- Managing Director of IDBI Bank M S Raghavan have been named in the FIR.

21-05-2018 11:36

Vijaya Bank defers capital raising plan for FY'19

Vijaya Bank today said its board has deferred the capital raising plan under Basel-III for 2018-19 fiscal. In a meeting held today, the board deferred the capital raising plan, the bank said in a regulatory filing. Vijaya Bank posted a net profit of Rs 207.31 crore during fourth quarter of the 2017-18 fiscal, as against Rs 203.99 crore in the same quarter previous year.

21-05-2018 10:46

Ultra Tech to acquire Century Textiles' cement business

Aditya Birla Group firm UltraTech said it would acquire the cement business of BK Birla Group company Century Textiles and Industries through a share swap deal, a move which would further consolidate its position as market leader in the segment. The Board of Directors of UltraTech Cement, at its meeting held today, approved a scheme of arrangement amongst Century Textiles and Industries and its respective shareholders and creditors, the Aditya Birla Group firm said in a statement. According to the scheme, the shareholders of Century would get one equity share of UltraTech, having a face Rs 10/- each for every eight equity shares of Century of face value Rs 10 each. UltraTech will issue 1.4crore new equity shares to the shareholders of Century, which will increase its equity capital to Rs 288.58crore, divided into 28.86 crores equity shares of Rs. 10/- each, said UltraTech. The acquisition will contribute positively to the company's earnings, it said further. The transaction would provide UltraTech, opportunity to further strengthen its presence in the east and central markets and extending its footprint in the Western and Southern markets in the country. The operations will be bolstered by economies of scale arising out of synergies in procurement and logistics costs; creation of efficiencies by reducing time to market, enhancing competitiveness as well as customer service, said UltraTech It further said that the transaction is expected to be consummated within 6-9 months. Other advantages stem from ready to use assets with a strong distribution network, availability of land, railway and other infrastructure. The acquisition is expected to lead to greater shareholder value creation, the company said. The transaction is subject to the approval of shareholders and creditors, stock exchanges, NCLT, CCI and all other regulatory approvals as may be required, the company said. Century Textiles has three integrated cement units situated in Madhya Pradesh, Chhattisgarh and Maharashtra with a total capacity of 11.4 mtpa (million tonnes per annum) and a grinding unit in West Bengal of 2.0 mtpa. For the financial year ended March 31, 2018, it had reported revenue of Rs 4,306 crore. In June last year, UltraTech Cement completed the Rs 16,189 crore acquisition of Jaiprakash Associates' six integrated cement plants and five grinding units, having a capacity of 21.2 million tonnes. Besides, the company is also into race to acquire debt-ridden Binani Cement and has put its revised offer competing with Dalmia Bharat Group. UltraTech, which is a leader in the segment, has an installed capacity of 96.5 MTPA of grey cement. It has 19 integrated plants, 1 clinkerisation plant, 25 grinding units and 7 bulk terminals. Upon consummation, the Company's cement capacity will stand augmented to 109.9 mtpa including its overseas operations, the company said adding This will position UltraTech as the 3rd largest Cement player globally (excluding China). Its operations span across India, UAE, Bahrain, Bangladesh and Sri Lanka. Besides UltraTech Cement is also India's largest exporter of cement to the countries around the Indian Ocean and the Middle East. For the financial year 2017-18 ended on March 31, 2018 UltraTech Cement's net sales were at Rs 32,304.63 crore.

21-05-2018 10:44

RBI hikes FIIs investment limit in Parag Milk Foods to 24%

The Reserve Bank of India on Friday raised foreign investment limit in Parag Milk Foods to 24 per cent from existing 10 per cent. “The Non Resident Indians (NRIs) investment limit under Portfolio Investment Scheme in Parag Milk Foods Ltd. has increased from 10 per cent to 24 per cent of its paid up capital,” the apex bank said in a press release. Parag Milk Foods Ltd. has passed necessary resolutions of its Board of Directors and General Body as required under the FEMA, 1999 and the regulations framed thereunder. The increase is subject to regulation 5(3) of Foreign Exchange Management (Transfer or issue of security by a person resident outside India) Regulations, 2017 dated November 07, 2017, as amended from time to time, and the onus of compliance with the limits prescribed for the company is on the company.

21-05-2018 10:06

Punj. NationlBak - Announcement under Regulation 30 (LODR)-Credit Rating

India Rating has downgraded rating of a few bonds

19-May-2018 05:15 PM

Punj. NationlBak - Credit Rating

Punjab National Bank has informed the Exchange regarding Credit Rating-that India Rating has downgraded rating of our bonds

19-May-2018 05:11 PM

Punj. NationlBak - Clarification

PNB:The Exchange has sought clarification from Punjab National Bank with respect to announcement dated 17-May-2018, regarding Punjab National Bank has informed the Exchange regarding Credit Rating -CRISIL vide its letter dated 17/05/2018 has updated rating of our bonds. On basis of above the Company is required to clarify following: 1. In case of downward rating, the disclosure may include reasons published by rating agency for such downward rating.

18-May-2018 02:43 PM

Punj. NationlBak - Clarification - Financial Results

The Exchange has sought clarification from Punjab National Bank with respect to Non-compliance as per Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. On basis of above the Company is required to clarify the following: -1. Consolidated audited review report not submitted. -2. Consolidated Balance sheet statement not submitted -3. Modified/Un-Modified Opinion (Consolidated) not submitted The response of the Company is awaited.

18-May-2018 12:33 PM

Punj. NationlBak - Announcement under Regulation 30 (LODR)-Credit Rating

Updation of Rating by CRISIL

17-May-2018 06:25 PM

Punj. NationlBak - Announcement under Regulation 30 (LODR)-Credit Rating

India Rating has downgraded rating of a few bonds

19-May-2018 05:15 PM

Punj. NationlBak - Announcement under Regulation 30 (LODR)-Credit Rating

Updation of Rating by CRISIL

17-May-2018 06:25 PM

Punj. NationlBak - Annoucement Under Regulation 30(LODR) - Warning Letter Of SEBI

Exchange is hereby informed regarding warning letter -Violation of certain provisions of SEBI(Listing Obligations and Disclosure Requirments) Regulation, 2015 (SEBI LODR Regulations)

17-May-2018 01:57 PM

Corporate Details

About Management

YEAR EVENTS 1996 - A package was developed for corporate customers for fast remittance of funds from different up-country branches to the controlling office. - The concept of 'Chief Host' introduced by the bank for resolving customers' complaints in the minimum possible time, has resulted in substantial improvement in customer service. - The company also entered into new activity of arranging Mergers, Acquisitions and Takeovers which has been quite rewarding in terms of return. 2000 - The Credit Rating Information Services of India has suspended its rating for the fixed deposit programmes of Amruntanjan Finance. - The Bank has introduced a scheme for providing finance against mortgage of immovable property. - Punjab National Bank and Bank of Baroda will tie up to form a subsidiary for a foray into life insurance business, banking industry. - PNB has launched a gold import scheme. The gold will be imported through an arrangement with Commerzbank. - ICRA has assigned an `LAAA' rating to Punjab National Bank's (PNB) Rs 240 crore long-term subordinated bond issue (Series V). - The Bank is the first amongst the public sector banks to come out with Voluntary Retirement Scheme. - Punjab National Bank has become the latest big player to enter the credit card market. The card will have two variants -- Gold and Classic. - An International Co-branded Credit Card of Punjab National Bank and Hongkong & Shanghai Banking Corporation has been launched in New Delhi. - Primary market dealers PNB Gilts Ltd is launching a retail scheme in the first week of January to rope in individuals as investors for govt. securities. It has recently tied up with Punjab National Bank and will be using the huge network of 2000 branches of the bank all over the country for distribution and receipt of forms for investment in govt. securities. - Mr. T S Narayansami has taken over as executive director of Punjab National Bank. 2002 - Punjab National Bank incorporated its branch in M.G. Road, Bangalore named as Mid-Corporate Branch (MCD) to provide its corporate clients with a credit limit of Rs 3.5 crore and above. - Punjab National Bank is in a joint venture with Infosys for the implementation of a Centralised Banking Solution for it. The bank plans to implement Centralised Banking Solutions establishing connectivity between its branches to cover 1,500 to 2,000 branches and all ATMs by 2004. - -Punjab National Bank has informed that the first AGM of the shareholders of the Bank was held on August 05, 2002. The Chairman declared the following candidates elected as Directors: Dr Pritam Singh , Sh Mohanjit Singh. - Punjab National Bank has informed that Ms. Malathi Mohan, Asstt. General Manager has been nominated as Company Secretary in place of Mr. Ramesh Kumar Kochar. - Punjab National Bank has launched a special loan scheme called 'Fin-Basket', a composite package of retail loans, for a minimum size of Rs 5 lakhs. - Punjab National Bank (PNB) has been presented with the `Best Bank Award' for excellence in banking technology. - Punjab National Bank (PNB) tied up with Cisco Systems for networking 3,870 branches as part of its Rs 150 crore plan. 2003 - Punjab National Bank (PNB) has taken over Kozhikode-based Nedungadi Bank Ltd (NBL) on Feb 1. All the 174 branches of the previous private bank are now working as PNB branches - Punjab National Bank (PNB) has entered into an alliance with New India Assurance for selling its general insurance products. - Punjab National Bank has informed that Shri V K Sibal, a director on the Board of the Bank has resigned from the Board. Ministry of Finance, Govt. of India, vide its letter dated May 09, 2003 has conveyed the acceptance of resignation w.e.f. May 07, 2003. - Punjab National Bank has informed the Exchange that the Bank has signed a Memorandum of Understanding (MOU) on June 24, 2003 with Principal Financial Services Inc. (USA) and Vijaya Bank for joint venture partnership in Life Insurance, Pensions and Asset Managements (MF) business. - Punjab National Bank (PNB) has formed a strategic alliance with Infrastructure Leasing and Financial Services Ltd (IL&FS) to set up a private equity fund for investing in domestic companies. - Punjab National Bank has informed that it is setting up its Representative Office at London. The office was scheduled to be inaugurated on August 21, 2003. Further, the Bank has been granted license to open Offshore Banking Unit at Seepz, Mumbai. - New Delhi: Punjab National Bank has entered an agreement with Oriental Bank of Commerce, Indian Bank, UTI Bank and Global Trust Bank for sharing ATMs spread across the country. -Inks pact with Principal Financial Group of USA to foray into insurance business and pension fund -Principal Financial Group (Mauritius) Limited enters into a joint venture agreement with Punjab National Bank (PNB) and Vijaya Bank to sell long-term mutual funds and related financial services in India. The new company to be called Principal PNB Asset Management Company (in association with Vijaya Bank) -Receives approval from RBI for opening an Offshore Banking Unit (OBU) at SEZ, Noida (U.P) -Punjab National Bank (PNB) has decided to amalgamate its merchant banking arm 'PNB Caps' with itself. -PNB unveils a scheme to help SSIs to get ISO 9000. - Board of Directors approved investment of Rs 250 million in the units of 'Leverage India Fund' managed by IL&FS Investments Managers Ltd, and has entered into MoU with IL&FS and IL&FS Investment Managers to sponsor the Fund. -Shri K D Khera, Director representing Non Workmen Employees of the bank, ceases to be Director on the Board of the Bank wef October 31, 2003 on attaining age of superannuation. -The Ministry of Finance, Government of India, vide their notification dated November 25, 2003, Shri Anand Swarup Agarwal has been nominated as part-time non official Director of the bank for a period of 3 years from the date of notification. 2004 -Ministry of Finance, Government of India vide their notification dated January 9, 2004 has informed that Dr. K.V. Rajan, Chief General Manager, RBI, Kanpur has been nominated as RBI nominee director of the Bank in place of Sh. V.K. Sharma with immediate effect. -PNB acquires Hindustan Transmission Product Limited (HTPL) assets under Sarfaesi -IFCI merger with PNB's would help each other -Delhi based Punjab National Bank (PNB) and Bangalore-based Vijaya Bank enter into a four-way partnership with Principal Financial of the US and Berger Paints to set up an insurance broking company --Export Credit Guarantee Corporation of India Ltd (ECGC) and Punjab National Bank (PNB) sign a corporate agency agreement for marketing ECGC's export credit insurance products through the network of PNB branches -Punjab National Bank has informed that the bank has signed agreement with M/s NCR Corporation India Pvt Ltd for providing clearance of Intercity cheques within 48 hours after the cheque is presented, at selected centers using cheque truncation, where there is Image based Cheque Clearing System. -Punjab National Bank (PNB) has enlisted the services of computer industry giant Intel to evaulate its current and future technolgical requirements. An MoU was signed for the deployment of various IT-related solutions today between the bank and Intel. -ICICI Bank and Punjab National Bank have signed a memorandum of understanding (MoU) for ATM network sharing, giving customers an access to over 2,200 ATMs in India - PNB accomplishes RTGS installation - PNB implements Loans and Advances Data Desk for Evaluations and Reports, (LADDER) system for rationalisation of returns, asset classification and provisioning, credit monitoring and NPA management - LP Agrwal, Ranjan Dhawan, I D Singh, P K Mitra, K S Bajwa, V P Chowdhary and B P Chopra appointed as General Managers on June 9, 2004 - PNB mandates TCS to deploy HR Solutions -Tata Consultancy Services (TCS) has joined hands with PeopleSoft to handle a Rs 5-10 crore worth project mandated by Punjab National Bank (PNB) to implement human capital management and payroll solution. -Punjab National Bank has informed that the Bank has entered into money transfer arrangement with Western Union Through their agent M/s Weizmann Forex Ltd -Punjab National Bank has informed that the Bank branch at Kabul, Afghanistan has commenced soft opening on July 26, 2004 -PNB in ally with NMCE launches new loan scheme -PNB JV with Principal Financial Group of USA -Tractor manufacturer Escorts tied up with Punjab National Bank for sponsorship of a farmer training centre in Haryana -Launches corporate internet banking facility on November 18, 2004. 2005 -Government of India, Ministry of Finance (Banking Division), New Delhi vide its Notification dated April 30, 2005, appoints Shri S C Gupta as Chairman & Managing Director (CMD) of the Bank. -PNB unveils ATM at Edappal 2006 -Punjab National Bank today tied up with MasterCard International to launch a signature-based debit card. -PNB opens branch in Uttaranchal -Punjab National Bank (PNB) has tied up with Indian Airlines for online booking of air tickets. -Punjab National Bank has informed that Shri Rakesh Singh, Joint Secretary (IF), Ministry of Finance has been appointed Government nominee Director on the Board of the Bank w.e.f. October 20, 2006 under Clause 9(3)(b) of the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970. -PNB ties up with IDBI Capital -Punjab National Bank has informed that Sh. A S Agarwal, Government nominee Director on the Board of the Bank w.e.f. November 25, 2003, has demitted the office on November 24, 2006 on completion of his tenure of 3 years. 2007 -Punjab National Bank has appointed Shri Ramesh Kumar Kochar as Company Secretary of the Bank. - Punjab National Bank has informed that the Government of India, Ministry of Finance, Department of Economic Affairs (Banking Division), New Delhi vide Notification dated June 06, 2007 has appointed Shri. Jag Mohan Garg as a Whole-time-Director (designated as Executive Director) on the Board of Punjab National Bank from the date of his taking over charge of his post or until further orders or till the date of his superannuation i.e. upto July 31, 2010 whichever is earlier. -Punjab National Bank is entering into an MoU with India Infrastructure Finance Co. (IIFC) on October 17, 2007 with an aim to extend its cooperation and support to IIFC in areas of creating a deal flow of infrastructure projects. 2008 - Punjab National Bank entered into a memorandum of understanding (MoU) with IL&FS Cluster Development Initiative Ltd in order to provide impetus to financing of industrial infrastructure projects. -Punjab National Bank (PNB), has tied up with Networth Stock Broking Ltd (NSBL) for an Internet trading alliance. - Punjab National Bank cut its prime lending rate by 50 bps. - Punjab National Bank has opened its 69th branch at Khammam. - Punjab National Bank has announced the opening of its 133rd branch in Kerala at Sana Towers, Medical College Junction, Kozhikode. All 133 branches in the State are networked under the core banking solution including this branch. - Punjab National Bank has informed that Government of India has nominated Shri Vinod Kumar Mishra as part-time non-official Director on the Board of the Bank for a period of three years from the date of Notification of his appointment or until further orders, whichever is earlier. 2009 - The Punjab National Bank has opened a new branch at Leicester in Britain. Leicester has a large section of people of Indian origin. The branch has been opened this week in the Belgrave Commercial Centre, in the heart of what is called the Golden Mile - the heart of Asians business and culture. It is also popularly known as 'Little India'. - Punjab National Bank has informed that Government of India, Ministry of Finance, Deptt. of Financial Services vide notification No. F. No. 9/22/2008-BO.I dated March 26, 2009 has appionted Shri Nagesh Pydah and Shri M. V. Tanksale as Executive Directors (Whole time Directors) on the Board of the Bank. The said Executive Directors will hold office from the date of taking charge up to the date of superannuation or until further orders, whichever is earlier. 1) Name : Shri Nagesh Pydah, Date of taking charge : March 26, 2009, Date of superannuation : February 29, 2012. 2) Name : Shri M.V. Tanksale, Date of taking charge : March 26, 2009, Date of superannuation : July 31, 2013. - Punjab National Bank (PNB) has set up its second branch in Hong Kong, which will focus on retail banking operations. 2009 - Punjab National Bank (PNB) has entered into a pact with Ashok Leyland to extend finance to the latter's commercial vehicle customers. - Sh. K R Kamath, has been appointed as Chairman and Managing Director (MD) of the Bank by Government of India, Ministry of Finance, Deptt. Of Economic Affairs (Banking Division) vide notification dated October 27, 2009 for a period of 5 years from the date of taking charge and / or until further orders, whichever is earlier. Accordingly, Shri. K R Kamath has taken charge of Chairman and Managing Director on October 28, 2009. 2010 - Punjab National Bank has appointed Shri Mohinder Paul Singh as Workmen Employees Director on the Board of the Bank w.e.f. January 28, 2010. - Punjab National Bank has forged an alliance with Oriental Insurance Company Limited, to offer a floater Health Insurance Policy covering the proposer and family under one sum insured . - Punjab National Bank has unveiled a festival bonanza offering home loan at 8.5 per cent, a teaser rate to attract new customer. The concessional rate of 8.5 per cent has been fixed for three years for housing loans up to Rs. 50 lakh. As per the existing rate-card, loans up to Rs. 30 lakh attract a lowest rate of 9.25 per cent with a repayment period of 5 years while loans above Rs. 30 lakh is available at 10 per cent for similar maturity. - Oriental Insurance Company (OICL) and Punjab National Bank launched 'PNB-oriental Royal Mediclaim Policy', exclusively for the bank customers - Punjab National Bank has completed the transaction for acquisition of 63.64% stake in JSC Dana Bank Kazakhstan. - Punjab National Bank - Reserve Bank of India has issued Certificate of Registration No. N-13.01980 in the name of INDIA FACTORING & FINANCE SOLUTIONS PVT. LTD. (Joint Venture Company) permitting to commence & carry on the business of Non-Banking Financial Institution. - Punjab National Bank signed a Memorandum of Agreement with Principal Financial Group of Mauritius and Vijaya Bank for restructuring of their existing joint ventures subject to statutory approvals. 2011 - Acquistion Of 33% Stake In Metlife By Punjab National Bank - PNB - Agreement with Weizmann Forex Ltd & BFC Forex & Financial Services Ltd - PNB has launched two new deposit schemes- FCNR Premium Linked Deposit Scheme and NRE Rupee Flexible Deposit Scheme- which would provide special benefits to the NRIs. - PNB & Metlife partner for life insurance venture. - PNB's Mega Recovery Camps receives excellent response from small agricultural borrowerr in recovering the loan amount. - PNB Bagged Golden Peacock National Training Award 2011 - PNB bags Most Socially Responsive Bank Award 2011 2012 - In a move to bring cheers for the loan seekers, India's second largest public sector lender, Punjab National Bank (PNB) has reduced interest rates on housing and car loans by up to 50 basis point - PNB raised interest rates on domestic and NRE term deposits - PNB sold stake to LIC for Rs 1,590 cr - PNB Awarded Overall Best Corporate Social Responsibility Awards 2012 - PNB Awarded SKOCH Award on Financial Inclusion 2012 2013 India's second largest public sector lender Punjab National Bank (PNB) acquired 30 per cent stake in Metlife India Insurance Co. Ltd. -PNB launches online facility for payment of property tax. -Punjab National Bank has launched prepaid ATM debit cards ‘Suvidha and rsquo for the ease of customers. -PNB Wins Golden Peacock Business Excellence Awards for the year 2011-12. -Bank with Best Use of Business Intelligence (W inner). 2014 -PNB eclared Interim Dividend of Rs.10/- (Rupees ten) per equity share of Rs. 10/- each. -PNB launches festival bonanza-housing loan of up to Rs 2 crore will attract 10.25 per cent interest rate and also announced full waiver of processing fee and documentation charges on housing, car and two-wheeler loans. -PNB Wins MSME Banking Excellance Award 2014. -PNB Wins Annual Social Banking Excellence Award 2014 -Punjab National Bank has splits its face value from Rs 10/- to 2/- 2015 -Punjab National Bank has opened 121 ATMs across India, on day after which its ATM network has increased to 6,421 -The Indian Army and Punjab National Bank (PNB) have signed a Memorandum of Understanding (MoU) on the defence salary package -Punjab National Bank has launched e-PPF through Internet Banking System 2016 -Punjab National Bank receives Golden Peacock National Training Award 2016 2017 -Punjab National Bank (PNB) and Bajaj Allianz General Insurance have signed an agreement for the distribution of insurance products through the branches, reported PTI. -CIMSME- Banking Excellence Awards 2016 for Best MSME Bank (Large Bank) Winner. -Vigilance Excellence Award 2016-17 by Institute of Public Enterprises (IPE) Hyderabad. -BFSI Tech Maestro Awards 2016 in Application category for Four node cluster by Bitstream Mediaworks Pvt.Ltd. -National Payments Excellence Awards 2016 for Aadhaar Enabled Payments System (AEPS).

Registered Office

Finance Division: 5, Sansad Marg,

011-23708257,,,      011-23766079,

hosd@pnb.co.in

http://www.pnbindia.in

Registrar Details

Beetal Financial & Computer Services (P) Ltd