Mon, Apr 08, 2024
Punjab National Bank's total advances in the fourth quarter were up by 11.5 per cent to Rs 9.86 lakh crore Year-on-Year (YoY). Its total deposits of the bank grew by seven per cent in the fourth quarter to Rs 13.70 lakh crore. After the results, Morgan Stanley maintained an 'underweight' rating for PNB with a target price of Rs 70. On the other hand, Bank of Baroda's domestic deposits increased by 7.75 per cent to Rs 11.28 lakh crore in the fourth quarter this fiscal from Rs 10.47 lakh crore in the same quarter last year.
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Fri, Apr 05, 2024
Total business of the Punjab National Bank rose 8.8 per cent to Rs 23.56 lakh crore as compared to Rs 21.65 lakh crore at the end of March 31, 2023.
Tue, Mar 26, 2024
Delhi Metro Rail Corporation (DMRC) awarded the naming rights to the bank for a period of 10 years, beginning from 2024, BoB said in a statement.
Fri, Feb 23, 2018
Kothari, who was called at the CBI headquarters in New Delhi for questioning, and Rahul were not cooperating in the investigation that led to their arrest.
Tue, Feb 20, 2018
The I-T department has so far attached 11 bank accounts in connection with an alleged tax evasion probe against the Rotomac group and its promoters.
In the wake of Rs 11,000 crore fraud at Punjab National Bank, the biggest ever in the banking history, other banks have woken up to plug loopholes in the system. Several banks have reportedly started moving their officials holding same positions for more than three years.
Rotomac's Vikram Kothari had established a group company, Rave Entertainment, to set up a multiplex business in cities such as Meerut, Chandigarh, Panipat, Sonepat, Agra and Noida.
Mon, Feb 19, 2018
The Nifty PSU Bank index closed 2.38% down after falling as much as 6% during the day
The domestic market is expected to open higher tracking positive trend seen in Asian markets, which ticked up, joining a global recovery for equity markets as sentiment improved gradually from a recent shakeout that stemmed from fears of creeping inflation and higher borrowing costs.
Fri, Feb 09, 2018
The bank had posted a net profit of Rs 253 crore in the October-December period of 2016-17
Thu, Jan 25, 2018
Eleven weak banks facing prompt corrective action (PCA) are to be given a total of Rs 52,311 crore to maintain their minimum capital requirement, while nine strong banks will get Rs 35,828 crore.
Wed, Dec 27, 2017
State Bank of India (SBI), Punjab National Bank (PNB), Bank of Baroda (BoB) and Life Insurance Corporation (LIC) are having their own mutual funds and at the same time they hold 18.24 per cent stake each in UTI AMC.
Wed, Dec 13, 2017
To further hasten Indian customers` move to the Cloud, Microsoft on Wednesday launched Azure Stack for India which is an extension of the company`s Azure Cloud platform.
Wed, Dec 06, 2017
The wider Nifty hit a low of 10,033.35 before finishing at 10,044.10, down 74.15 points or 0.73 per cent. It had touched a high of 10,104.20 in early trade.
Sun, Dec 03, 2017
Some banks have already got approval from the finance ministry while others are in the process of getting the green signal for raising capital either through private placement or the rights issue, they said.
Tue, Nov 14, 2017
Net profit dropped to 3.55 billion rupees ($54.26 million)for the quarter ended Sept. 30, from 5.52 billion rupees a year earlier, India`s fifth-largest bank by assets said.
Thu, Sep 28, 2017
As per the new rates by Bank of Baroda, base rate will be 9.15% per annum as against existing 9.50% per annum.
Thu, Aug 17, 2017
Customers having balance account below Rs 50 lakh will earn interest rates the new interest rate of 3.50% per annum - a 50 basis points cut from previous rate.
Fri, Aug 11, 2017
The bank witnessed net profit of Rs 203.39 crore in Q1, down by 51.98% compared to Rs 423.62 crore in the corresponding period of the previous year.
Sat, Jul 29, 2017
BBPS is an integrated bill payment system that offers inter-operable online bill payments to customers.
Wed, May 31, 2017
Bankers have also requested the regulator to allow them to extend repayment schedule and reduce rate of interest under the scheme. These are not allowed in the exiting S4A guidelines.
Antim Bazi : This segment of Zee Business brings to you discussion over the current situation of the market. Experts here also analysis the figures of different stocks.
Sun, May 14, 2017
The Indian markets will see stock-specific action this week, with sentiment being shaped by quarterly earnings of bluechips like State Bank of India (SBI) and Hindustan Unilever Ltd (HUL) and may also react to IIP and inflation data released last Friday.
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