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.
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.
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: Amid heavy sell0ff by FIIs, the Punjab National Bank scam of Rs 3,800 have done further damage to the PNB share price.
Mon, Jul 08, 2019
From July 05 to July 08, 2 market days (Friday and Monday) a breathtaking Rs 5.61 lakh crore worth of investor wealth has been wiped out.
Banking benchmark index, Bank Nifty shredded over 900 points on Monday, the week's opening trading session before pulling back slightly at the fag end of trading day.
There are certain stocks that came in news after the market was closed on Friday and can play a role in setting the direction of the indices today.
Sun, Jul 07, 2019
Punjab National Bank (PNB) has reported another big fraud worth Rs 3800 crore.
Wed, Jul 03, 2019
Disinvestment target has been on full swing by Indian government, with stake sales taking place in various state-owned companies either by IPOs, OFS, buybacks and others.
Thu, Jun 27, 2019
If you are planning to buy a two-wheeler this season, you should know about this 'PNB Saarthi Scheme'. Punjab National Bank is offering a two-wheeler loans for purchase of new two wheelers - Scooters, Motorcycles, Scooterretes, Mopeds, (subject to Registration of vehicle with RTO).
Wed, Jun 19, 2019
Now, opting for home loan has become better and attractive than ever.
Bankers generally offer attractive interest rates on home loans to government employees compared to general category borrowers.
Mon, Jun 10, 2019
The 30-day window to decide whether the account is non-performing removes the compulsion of starting a resolution process even if there was a one-day default, says Sunil Mehta, Chairman, Punjab National Bank (PNB).
Fri, May 31, 2019
In the overall fiscal FY19, PNB’s loss now stands just at Rs 9,570 crore compared to the loss of Rs 12,113.36 crore in FY18.
Thu, May 16, 2019
Punjab National Bank Thursday said it has terminated the agreements with General Atlantic Group and Varde Partners to sell its stake in PNB Housing Finance (PNBHF).
Thu, May 09, 2019
Falling for the sixth straight day, domestic stock markets closed lower on Wednesday, May 8. Here are the top stock market picks that the market experts bet upon.
Sat, May 04, 2019
The interest rates on Fixed Deposit (FD) accounts have gone up in the last one year, making it one of the most lucrative investment options
Wed, May 01, 2019
Bank holiday today: Top lenders including State Bank of India, HDFC Bank and Punjab National Bank are closed today.
Tue, Apr 30, 2019
Merging small banks is one of the ways in which the government is trying to tackle the NPA crisis.
PNB net banking through mobile banking often leads to problems for the customers in case the mobile is stolen or lost and they don't use a PIN for mobile SIM.
Yes Bank has urged its customers to change their debit and credit card PIN on a regular basis to avoid any kind of misuse or banking fraud related to plastic money.
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