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Punjab National Bank News
Punjab National Bank
Bank Merger: Punjab National Bank (PNB) becomes 2nd-largest Indian commercial bank after SBI; here is how
Wed, Apr 01, 2020
Bank Merger: As notified by the Reserve Bank of India (RBI), the amalgamation of Punjab National Bank, United Bank of India and Oriental Bank of Commerce has come into effect from today.
PNB interest rates cut by 75 bps on retail, MSME loans; effective from 1 April
Tue, Mar 31, 2020
State-run PNB interest rates on loans were cut by 75 bps, passing on the entire Repo rate cut by Reserve Bank of India (RBI) on Friday
Exclusive: In conversation with SS Mallikarjuna Rao, MD and CEO, PNB
Fri, Dec 06, 2019
In conversation with SS Mallikarjuna Rao, MD and CEO of Punjab National Bank. To know more watch the video
PNB's NPA slippages will be restricted within Rs19,000 crore levels by end of this fiscal year: SS Mallikarjuna Rao, MD & CEO
Fri, Nov 08, 2019
The accounts that turned up to be an NPA account and added to the slippage in this quarter include Jet Airways. Besides, the retail, agriculture and MSME (RAM) has a contribution of around Rs3,000 crore to the slippage of the quarter. Thus, total slippage stands around Rs11,000-12,000 crore in the first half of the year.
PNB Q2 net at Rs 507 cr, low asset quality, provisions up
Tue, Nov 05, 2019
The bank has made Rs 2,928.90 crore in provisions for the quarter, which were 44 per cent higher than Rs 2,023.31 crore provisions made in the previous June quarter but 70 per cent lower than Rs 9,757.90 crore provisions the bank made crore in the year-ago quarter.
Sensex, Nifty dip on long-awaited profit-booking; Indian Overseas Bank, Vodafone Idea, PNB stocks bleed
Tue, Nov 05, 2019
Overall the market is bullish. The Nifty has sustained above the psychological 11,900 levels and has strong support there. If it opens above 11,900 tomorrow, then we can still expect the 50-stock index to hit 12,100 levels, say experts.
Bank strike alert! All Indian banks to remain closed on this day; complete important tasks now
Sun, Oct 20, 2019
It is against the merger of banks such as Punjab National Bank (PNB) with United Bank of India and Oriental Bank of Commerce, Syndicate Bank with Canara Bank; Allahabad Bank with Indian Bank, and Andhra Bank with Corporation Bank and Union Bank of India.
SS Mallikarjuna Rao appointed new Punjab National Bank CEO
Tue, Oct 01, 2019
SS Mallikarjuna Rao has been appointed the new Punjab National Bank CEO. This announcement comes after deliberations were carried on the basis of a shortlist of eligible candidates prepared earlier.
SBI, PNB others to provide loan in under 1 hour! Get quick money, know how to apply
Thu, Sep 05, 2019
Bank loan: Yes, money on tap will be made available by public sector banks to all borrowers. Applicants can now get an in-principle approval for loans within 59 minutes through 19 public sector banks including STate Bank of India (SBI), Punjab National Bank (PNB), Bank of Baroda and Union Bank of India.
Big Bang Change! Modi govt announces bank-merger scheme; PNB, Oriental Bank and United Bank to be first to merge
Fri, Aug 30, 2019
Sitharaman said that this consolidation of banks will have 82% business, rest will vest with others.
RBI imposes upto Rs 1.5 crore fine on Oriental Bank of Commerce, SBI, BoB, PNB
Sun, Aug 04, 2019
Reserve Bank of India (RBI) has imposed few hefty penalties on some public sector banks for delay in reporting loan frauds.
PNB Fixed Deposit rates revised again! Here's what you get now
Fri, Aug 02, 2019
Punjab National Bank (PNB) Fixed Deposit rates on select maturities have been revised again.
We are confident that 2019 is going to be a profitable year for PNB: Sunil Mehta, MD & CEO, PNB
Tue, Jul 30, 2019
Sunil Mehta, Managing Director & Chief Executive Officer, Punjab National Bank, speaks about the quarter 1 results, fraud at Bhushan Steel and NPAs during an interview with Zee Business.
PNB reports profit at Rs 1,019 crore for June quarter
Fri, Jul 26, 2019
PNB reported a net profit of Rs 1,018.63 crore for the quarter ended June 30, 2019 (Q1FY20) compared to the Rs 940 crore loss it reported during the corresponding quarter in the previous financial year.
PNB Q1 result surprise! Punjab National Bank logs Rs 1,019 crore profit
Fri, Jul 26, 2019
PNB shares performed well on BSE today. They were trading 2.95 per cent higher at Rs 68 after the announcement of quarterly results, while the benchmark BSE Sensex was almost flat at 37,882 at around 3.58 pm.
Stocks in Focus on July 25: PNB, Airtel & Vodafone to Cipla; Here are 5 Newsmakers of the Day
Thu, Jul 25, 2019
The board of Punjab National Bank is scheduled to meet today, July 25, 2019, to consider and approve the proposal to raise Rs5,000 crore in equity capital.
Sensex slips below 38K, Bank Nifty dips near 29K; Bandhan Bank, Coal India, Apollo Tyres stocks bleed
Tue, Jul 23, 2019
DHFL, PC Jeweller, Minda Industries and Can Fin Homes stocks were among the top gaining stocks today while GRUH Finance, Bandhan Bank, PNB and Shriram Transport Finance were among the top losing stocks in the intraday trade.
Allahabad Bank share price plunges 10%, set to remain bearish due to Bhushan Power fraud case, say stock market experts
Mon, Jul 15, 2019
Allahabad Bank share price has crashed around 10 per cent in the intraday trade after the bank officials reported the Bhushan Power & Steel Ltd fraud of Rs 1,774.82 crore.
Stock Market Crash: PNB-Bhushan Power, FII, Budget connection to Sensex, Nifty blood bath
Tue, Jul 09, 2019
Modi 2.0 government levying surcharge of an additional 3 per cent on the trusts investing in Indian equities on their STCG hasn't gone down well among the FIIs.
PNB Scam effect: Punjab National Bank share price crashed over 11 pct, experts expect recovery
Tue, Jul 09, 2019
PNB Scam effect: Amid heavy sell0ff by FIIs, the Punjab National Bank scam of Rs 3,800 have done further damage to the PNB share price.