Punjab National Bank raises Rs 5,000 crore via QIP route
Sep 28, 2024, at 06:41 pm
New Delhi/IBNS: Leading public sector lender Punjab National Bank (PNB) announced on Friday (Sept. 27) that it has raised Rs 5,000 crore through a Qualified Institutional Placement (QIP).
PNB MetLife announces Rs 930 cr benefitting 5.82 lakh customers
Jun 15, 2024, at 03:00 am
Mumbai: PNB MetLife has announced a bonus of Rs 930 crore for eligible participating policyholders, benefiting 5.82 lakh customers.
Punjab National Bank Q4FY24 PAT soars 160% YoY to Rs 3,010 cr; NII grows 9% YoY to Rs 10,363 cr
May 10, 2024, at 06:09 am
New Delhi: Public sector lender Punjab National Bank (PNB) Thursday reported an impressive growth in net profit at 159.8% YoY to Rs 3,010.27 crore in Q4FY24 compared to Rs 1,159 crore in the corresponding period last year.
Bibhu Prasad Mahapatra assumes charge as Executive Director on the Board of PNB
Oct 11, 2023, at 06:15 am
New Delhi: Bibhu Prasad Mahapatra has assumed the charge as the Executive Director on the Board of Punjab National Bank, the Ministry of Finance said on Tuesday.
Punjab National Bank launches 'Pensioner's Lounge' on World Senior Citizen’s Day
Aug 23, 2023, at 05:22 am
New Delhi: Public sector lender Punjab National Bank (PNB) introduced on World Senior Citizen’s Day the "Pensioner’s Lounge", a dedicated space within the branch that serves pensioners and senior citizens with all their banking needs.
PNB, IOC, DCB Bank to offer AT1 bonds; issue at premium rates likely: Report
Mar 23, 2023, at 02:23 am
Mumbai: Punjab National Bank (PNB), Indian Overseas Bank (IOB), and DCB Bank may need to offer higher interest rates on their bonds as they prepare to sell them during a period when global banks are facing significant pressure, according to a report published in The Economic Times (ET).
PNB Housing Finance Q2FY23 PAT grows 12 pc to Rs 263 cr
Oct 28, 2022, at 04:46 am
PNB Housing Finance Thursday reported a Profit after Tax (PAT) of Rs 263 crore, registering a growth of 12% YoY and 12% QoQ.
PNB MetLife announces Rs 594 cr bonus for 4.95 lakh participating policyholders
Jul 14, 2022, at 11:58 pm
Kolkata: PNB MetLife India Insurance Company Limited (PNB MetLife) has announced a bonus of Rs 594 crore for all eligible policyholders of participating products for FY22.
PNB collected Rs 645 crore through ATM transaction charges in Fy22
May 22, 2022, at 11:19 pm
New Delhi: State-run lender Punjab National Bank has earned Rs 645 crore by way of charging customers on ATM transactions during the financial year 2021-22, media reports said.
PNB Housing Finance, SBI enter into strategic co-lending partnership
Mar 25, 2022, at 03:07 am
Mumbai/ IBNS: PNB Housing Finance today announced a strategic co-lending agreement with State Bank of India to offer convenient and customised retail loans to homebuyers at competitive interest rates. The partnership will primarily cover priority sector housing loans.
PNB reports Rs 2,060 cr fraud in NPA account of ITPCL
Mar 16, 2022, at 07:26 am
Punjab National Bank (PNB) Tuesday reported a fraud of Rs 2,060 crore in the NPA account of IL&FS Tamil Nadu Power Company Limited (ITPCL).
Punjab National Bank launches online life certificate submission facility
Dec 30, 2021, at 11:55 pm
Kolkata/IBNS: In a major initiative to simplify and extend convenience to its pensioners, Punjab National Bank has come up with the facility of online Life Certificate submission for Central/State Govt. pensioners.
RBI imposes monetary penalty on PNB, ICICI Bank for non-compliance
Dec 16, 2021, at 05:59 pm
Mumbai/IBNS: Reserve Bank of India (RBI) on Wednesday said it has imposed a monetary penalty on private sector lender ICICI Bank and state-run Punjab National Bank (PNB) for non-compliance with its rules.
Kalyan Kumar appointed as exec director of Punjab National Bank
Oct 26, 2021, at 10:13 pm
Kolkata/IBNS: Public sector lender, Punjab National Bank (PNB), announced the appointment of Kalyan Kumar as Executive Director.
PNB launches festive offer, waives loan processing charges
Sep 01, 2021, at 07:03 pm
Mumbai/UNI: Public Sector lender Punjab National Bank (PNB) has launched Festival Bonanza Offer to enhance the availability and affordability of credit to customers.
Aug 06, 2021, at 10:43 pm
New Delhi/IBNS: The RBI has rightly prioritized growth over inflation to rejuvenate economic growth on a durable basis and mitigate the extraordinary impact of Covid 19, said CH S S Mallikarjuna Rao, MD & CEO of Punjab National Bank (PNB).
NFDB signs MoU with PNB to extend financial assistance to fish producers
Aug 06, 2021, at 05:24 am
Kolkata/IBNS: National Fisheries Development Board (NFDB) under Ministry of Fisheries, Animal Husbandry & Dairying, signed an MoU with Punjab National Bank to extend financial assistance through the bank.
Jun 26, 2020, at 03:32 pm
New Delhi/IBNS: The CBI on Saturday raided the Noida and Delhi premises of Congress leader Kamal Nath's nephew Ratul Puri, accused in a case related to alleged loss of Rs 787.25 crore to Punjab National Bank (PNB) and other consortium of banks, said media reports.
Jet Airways not marked as NPA, says PNB chairman Sunil Mehta
May 28, 2019, at 04:55 pm
New Delhi, May 28 (UNI) Debt-ridden airline Jet Airways was not put in the bracket of Non-Profit Assets (NPA) by the Punjab National Bank, the public lendor said on Tuesday.
PNB narrows loss to Rs 4,750 cr in Q4
May 28, 2019, at 04:46 pm
New Delhi, May 28 (UNI) Public Sector lender Punjab National Bank reported a net loss of Rs 4,750 crore for the quarter 4 in Financial Year 2018-19 due to high provisioning, the bank announced on Tuesday.
Limit collateral damage from bank frauds: ASSOCHAM
Mar 11, 2018, at 11:50 pm
New Delhi, Mar 11 (IBNS): All out efforts must be made by banks, regulators, government and India Inc to limit the collateral damage from the alleged fraud in PNB, said the ASSOCHM on Sunday, cautioning over-reaction by the banks and the investigative agencies would hurt essential credit disbursement to the trade and industry and tamper the growth expectations.
Let PNB fraud not halt business lending: ASSOCHAM
Feb 25, 2018, at 09:17 pm
New Delhi, Feb 25 (IBNS): ASSOCHAM has cautioned against allowing the alleged fraud in the Punjab National Bank (PNB) to halt the entire system of corporate lending as demoralisation would set in among the top functionaries and employees of the state-owned banks, something the country can ill-afford at a time when the credit growth was about to recover and economy was set to grow at a higher pace.
PNB detects fraudulent transactions in Mumbai branch, share price tumbles
Feb 14, 2018, at 08:52 pm
Mumbai, Feb 14 (IBNS): Share price of Punjab National Bank (PNB) tumbled on Wednesday afternoon following media reports that the lender has detected fraudulent transactions worth Rs 11,300 crore in one of its Mumbai branch.
PNB posts biggest quarterly loss in Indian bank history
May 18, 2016, at 09:52 pm
New Delhi, May 18 (IBNS) Punjab National Bank (PNB), which reported its latest March quarter earnings on Wednesday, posted a net loss of 5370 crore -- due to higher provisioning for bad loans -- the biggest quarterly loss in the history of Indian banking, according to media reports.