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The Nifty PSU Bank index surged over 1.5 percent in trade on July 16, Punjab & Sind Bank, State Bank of India, and Punjab National Bank lead the gains.
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The total recovery of the bank stood at Rs 4,733 crore for the fourth quarter and Rs 14,336 crore for FY25 while overall slippages ratio was 0.73 per cent during the last financial year.
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During the quarter, the bank's total income increased to Rs 36,705 crore from Rs 32,361 crore a year ago
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Ashok Chandra, serves as an Executive Director of Canara Bank, has been appointed as PNB MD and CEO. Binod Kumar has been name the executive director for Punjab National Bank
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The ED, in collaboration with PNB and ICICI Bank, had also filed an application seeking restitution of assets worth over Rs 125 crore to their rightful owners and victims.
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Punjab National Bank conducted roadshows for its QIP program, which reportedly generated strong demand from domestic mutual funds, signaling substantial investor interest.
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The finance department had on August 12 directed various departments to cut all business ties with two banks over a Rs 22 crore embezzlement case
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Both banks have reached out to the state government in hopes of resolving the matter amicably
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The benchmark one-year tenor MCLR, which is used to price most consumer loans such as auto and personal, will be at 8.90 per cent against the earlier rate of 8.85 per cent, PNB said in a regulatory filing.
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Our coverage includes updates on the cement sector as well as individual stocks like HDFC Bank, RBL, and PNB.
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The bank intends to keep credit costs below 1 per cent during this financial year
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The CBI conducted searches at the premises of the two accused after registering an FIR, the agency’s spokesperson said
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Check the brokerage calls and comments on the stocks in action. Today we cover the State Bank of India, SRF, BPCL, and others following their Q4 results
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According to insights from Nuvama Alternative & Quantitative Research, India could witness a substantial surge in Foreign Institutional Investor (FII) passive inflows
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PNB Q3 earnings: The bank reported a net profit of Rs 2,222.8 crore, up 253.49 percent from the year-ago period
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The fundraising exercise will be done in one or more tranches during the next financial year, the state-owned bank said in a late-evening regulatory filing.
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Analysts note that PSU banks are undervalued in comparison to private banks.
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The Indian market snapped a six-day losing streak on the back of some good earnings and low-level buying to close a percent higher. About 2,713 shares advanced, 833 declined and 123 remained unchanged
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PNB has put in the condition that a single mobile number cannot be put in more than five accounts, said MD and CEO Atul Kumar Goel. On the Nirav Modi case, he said the bank has so far recovered Rs 100 crore.
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For the year 2023-24, PNB has come up with a vacancy of 500 for management trainee (MT)/ Probationary Officer (PO).
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PNB Q2 earnings: The gross non-performing assets of the bank declined to 6.96 percent from 10.48 percent
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According to analysts’ estimates, the net interest income (NII) of the PSB is expected to come in at Rs 9,607 crore, a 16.16 percent increase year-on-year and a marginal 1 percent rise from the previous quarter.
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Compared to the Nifty's one-year run at 12.5 percent, Punjab National Bank gained 117.6 percent in the same time period.
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Know the top 5 Googled banking stocks in India
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Bank of Baroda, Union Bank of India, Punjab National Bank and Canara Bank rallied between 3 and 6 percent on September 13.
