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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Mon, Jan 29, 2024
Furthermore, given the stellar results, the state-run lender raised its profit guidance for the ongoing fiscal year to Rs 7,000–Rs 7500 crore.
Wed, Jan 03, 2024
The development came on a day when the Nifty Bank index was trading lower by 0.49 per cent, or 236.10 points, at 47525.55 at 9:42 am.
Tue, Oct 18, 2016
PNB Housing, owned by Punjab National Bank and private equity firm Carlyle Group LP , is looking to sell between 38.7 million and 40 million new shares in an indicative range of 750-775 rupees, added IFR, a Thomson Reuters publication. That would put the IPO at up to 30 billion rupees ($450 million).
Tue, Oct 04, 2016
Under the 2015 Paris climate agreement, India has targeted to lower its carbon emissions by 33% from the 2005 levels.
Mon, Sep 05, 2016
This IPO may allow a partial exit of the four sponsors in equal proportions.
Thu, Jun 09, 2016
At the same time, the bank has also reduced Marginal Cost of Funds-based Lending Rate (MCLR) for one-month tenure to 9.95% from 9%.
Wed, Jun 01, 2016
India Post has plans to set up 650 branches of postal payments bank in one year.
Wed, May 18, 2016
As of December, PNB has a list of about 900 wilful defaulters who together owe close to Rs 11,000 crore to the lender.
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