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Budget 2021

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Budget 2021

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  • How to avail SBI, PNB doorstep banking services Jan 19, 2021 12:22 PM IST

    How to avail SBI, PNB doorstep banking services

    Find out how to bank conveniently from the comfort of your home using doorstep banking services offered by top banks like SBI and PNB

  • PNB says completed technology integration with Oriental Bank of Commerce Dec 02, 2020 08:06 PM IST

    PNB says completed technology integration with Oriental Bank of Commerce

    The amalgamation of Punjab National Bank, United Bank of India and Oriental Bank of Commerce came into effect from April 1 this year. The merger created the second-largest nationalised bank in terms of business and total branches

  • PNB Standalone September 2020 Net Interest Income (NII) at Rs 8,393.20 crore, up  96.85% Y-o-Y Nov 03, 2020 09:22 AM IST

    PNB Standalone September 2020 Net Interest Income (NII) at Rs 8,393.20 crore, up 96.85% Y-o-Y

  • PNB Consolidated September 2020 Net Interest Income (NII) at Rs 8,558.98 crore, up  95.96% Y-o-Y Nov 03, 2020 09:11 AM IST

    PNB Consolidated September 2020 Net Interest Income (NII) at Rs 8,558.98 crore, up 95.96% Y-o-Y

  • PNB reports Rs 1,203 crore fraud by Sintex Industries Sep 30, 2020 09:56 PM IST

    PNB reports Rs 1,203 crore fraud by Sintex Industries

    Bank has already made provisions amounting to Rs 215.21 crore, as per prescribed prudential norms for this, the lender said. It may have to make further provisions over several quarters.

  • PNB shares rise 3% post Q1 numbers; Morgan Stanley underweight on stock Aug 24, 2020 09:36 AM IST

    PNB shares rise 3% post Q1 numbers; Morgan Stanley underweight on stock

    The net interest income (NII) of the bank was at Rs 6,748.5 crore versus Rs 4,141 crore, YoY.

  • PNB gets shareholders' nod for raising up to Rs 7,000 cr via share sale Aug 04, 2020 10:30 PM IST

    PNB gets shareholders' nod for raising up to Rs 7,000 cr via share sale

    The country's second-largest lender PNB is planning to hit the capital markets in the fourth quarter of this financial year to raise funds to help meet growth needs and regulatory requirements.

  • Bank fraud cases see a major spike in 2019-20: How prepared is the RBI? Jul 15, 2020 04:11 PM IST

    Bank fraud cases see a major spike in 2019-20: How prepared is the RBI?

    A look at the latest data of large banks shows a spike in number of fraud cases and the money involved over the previous year. Subsequently,there is a corresponding rise in provisions made.

  • PNB shares tumble 5% on Rs 3,600 crore DHFL loan 'fraud' Jul 10, 2020 10:11 AM IST

    PNB shares tumble 5% on Rs 3,600 crore DHFL loan 'fraud'

    A fraud of Rs 3688.58 crore in the NPA account of Dewan Housing Finance is being reported by the bank to RBI, it has told exchanges.

  • Banks sanctions about Rs 1.14 lakh crore loans to MSMEs under credit guarantee scheme Jul 07, 2020 04:24 PM IST

    Banks sanctions about Rs 1.14 lakh crore loans to MSMEs under credit guarantee scheme

    The latest numbers on ECLGS, as released by the finance ministry, comprise disbursements by all 12 public sector banks (PSBs), 20 private sector banks and 10 non-banking financial companies (NBFCs).

  • FinMin wants PSBs to cut expenditure by 20%: Good move, but where is the recapitalisation plan? Jun 22, 2020 12:47 PM IST

    FinMin wants PSBs to cut expenditure by 20%: Good move, but where is the recapitalisation plan?

    Government’s directive to PSBs to cut unnecessary expenditure in a crisis scenario is a certainly a good move. But, this will not be enough. PSBs are staring at much bigger capital requirements in the Covid-19 hit economy.

  • PNB Standalone March 2020 Net Interest Income (NII) at Rs 4,677.54 crore, up  11.36% Y-o-Y Jun 22, 2020 09:05 AM IST

    PNB Standalone March 2020 Net Interest Income (NII) at Rs 4,677.54 crore, up 11.36% Y-o-Y

  • PNB Consolidated March 2020 Net Interest Income (NII) at Rs 4,845.58 crore, up  12.73% Y-o-Y Jun 22, 2020 08:55 AM IST

    PNB Consolidated March 2020 Net Interest Income (NII) at Rs 4,845.58 crore, up 12.73% Y-o-Y

  • PNB mulls raising funds in Q4FY21, current CRAR at 14.14% Jun 21, 2020 04:20 PM IST

    PNB mulls raising funds in Q4FY21, current CRAR at 14.14%

    Besides, the bank has a lot of headroom available in terms of AT 1 and Tier II bonds, PNB Managing Director S S Mallikarjuna Rao told PTI

  • PNB reports fall in Q4 net loss at Rs 697 crore; asset quality improves Jun 20, 2020 06:21 PM IST

    PNB reports fall in Q4 net loss at Rs 697 crore; asset quality improves

    Net NPA reduced to 5.78 percent as against 7.18 percent as on December’19 and 6.56 percent as on March’19.

  • PNB fraud case: Interpol notice against Nirav Modi's brother put up for public viewing again May 25, 2020 10:10 PM IST

    PNB fraud case: Interpol notice against Nirav Modi's brother put up for public viewing again

    Nehal Modi's name figured as the accused number 27 in the supplementary chargesheet filed by the CBI, which charged him for destroying evidence in Dubai to cover the tracks of the alleged crime, the officials said.

  • Nirav Modi's extradition trial in PNB fraud case to begin in UK May 11, 2020 09:35 AM IST

    Nirav Modi's extradition trial in PNB fraud case to begin in UK

    The 49-year-old jeweller, who has been lodged at Wandsworth Prison in south-west London since his arrest in March last year, is expected to be produced physically at Westminster Magistrates' Court in London.

  • PSB merger: Insurance companies to see stake changes over next one year Apr 30, 2020 04:19 PM IST

    PSB merger: Insurance companies to see stake changes over next one year

    Merged PSU bank stakes in insurance companies have to be reduced to below 10 percent to avoid violation of rules. IRDAI laws say that one bank cannot be a promoter in multiple insurance companies.

  • PNB gets stock exchanges' nod to trade over 266 crore shares post merger with 2 other PSBs Apr 14, 2020 05:00 PM IST

    PNB gets stock exchanges' nod to trade over 266 crore shares post merger with 2 other PSBs

    With the amalgamation coming to effect from the beginning of the current fiscal on April 1, 2020, PNB has now become the second largest bank in India.

  • Digital India sees virtue in virus Apr 13, 2020 09:44 AM IST

    Digital India sees virtue in virus

    Better data network and infrastructure must to sustain the boom in e-commerce and online transactions triggered by Covid-19

  • Bond, FPO & rights issue could be used by PNB to raise capital as they look to tap market in Q3 of FY21 Apr 05, 2020 03:23 PM IST

    Bond, FPO & rights issue could be used by PNB to raise capital as they look to tap market in Q3 of FY21

    "The board of the bank has already given approval and now we are contemplating approval from the government of India" - PNB Managing Director S. S. Mallikarjuna Rao.

  • Exclusive: PNB expects Rs 5,000-crore fresh slippages in Q4; no lay-off post merger, says MD & CEO Mallikarjuna Rao Apr 02, 2020 09:20 AM IST

    Exclusive: PNB expects Rs 5,000-crore fresh slippages in Q4; no lay-off post merger, says MD & CEO Mallikarjuna Rao

    PNB expects about 75 percent of the fresh slippages to come from the SME (small and medium enterprises) and retail portfolios in Q4. The scenario on loan growth and future asset quality depends on how long the COVID-19 impact will be felt on the economy

  • 'Long association with Bengal': UBI stakeholders fear losing identity with merger Feb 20, 2020 10:50 AM IST

    'Long association with Bengal': UBI stakeholders fear losing identity with merger

    The Centre has announced that the Punjab National Bank (PNB), the UBI and the Oriental Bank of Commerce (OBC) will be merged to create the second-largest lender in the country after the State Bank of India (SBI).

  • Higher slippages in banks show end of NPA cycle is not in sight Feb 12, 2020 08:35 AM IST

    Higher slippages in banks show end of NPA cycle is not in sight

    Unless growth picks up and credit conditions improve, the risks to bank balance sheets will linger

  • PNB posts loss with elevated slippages in Q3, what should investors do? Feb 05, 2020 01:08 PM IST

    PNB posts loss with elevated slippages in Q3, what should investors do?

    PNB's annualised credit cost inched up to 3.8 percent during the quarter, against 3 percent in the previous quarter.

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