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Bank Nifty falls for 7th time in 9 sessions; PNB, IndusInd, SBI decline up to 2%

Bank Nifty slipped over 600 points to move below 55,000 mark during intraday trade.

PNB Q2 net profit jumps 2.5x on-year to Rs 4,303 crore as asset quality improves, provisions shrink

Punjab National Bank Q2 FY25 net profit soared 2.5 times to Rs 4,303 crore, as both gross NPAs and gross NPA ratio fell during the quarter.

Punjab National Bank likely to launch QIP within a week to raise Rs 5,000-7,500 crore: CNBC Awaaz

PNB is set to hit the market as soon as this week with a Rs 5,000-7,500 crore equity issue to raise funds via a qualified institutional placement of shares. The issue may be at a discount of 5-6% from the market price.

Explained: Why Karnataka govt has cut ties with SBI, PNB

The decision stems from alleged funds misappropriation involving the Karnataka Industrial Area Development Board and the Karnataka State Pollution Control Board.

'Take out all FDs...': Deepak Shenoy on Karnataka govt ordering closure of accounts with SBI, PNB

Karnataka government ordered the closure of accounts with the SBI and PNB over non-refund of deposits.

SBI, PNB in talks with Karnataka govt on decision to close bank accounts

The Karnataka government on August 14 ordered all departments to close their accounts in State Bank of India and PNB.

PC Jeweller receives PNB's approval for One Time Settlement of outstanding dues

The debt-ridden jewellery company said, under the approved terms and conditions of the OTS, the settlement includes a combination of cash and equity components. Additionally, the proposal involves the release of securities and mortgaged properties held by the banks.

PNB stock gains on strong Q4 results, but brokerages give 'sell' call amid expensive valuations

So far this year, shares of PNB surged over 29 percent, outperforming 1 percent rise in the benchmark Nifty 50 index

Should you apply for the PNB-EaseMyTrip co-branded credit card?

The card is overpriced compared to the Standard Chartered-EaseMyTrip credit card. Consider this only if it's in tune with your travel and annual card spend patterns.

PNB board approves fund raising of Rs 7,500 crore via share sale in FY'25

The decision in this respect was taken in a meeting held on January 29.

PNB stock gains as board clears plan to raise Rs 7,500 cr through QIP or FPO

As per the exchange filing, the fundraising exercise will be done in one or more tranches during the next financial year

PNB Q2 Results: Net profit rises 327% to Rs 1,756 crore, asset quality steady

PNB Q2 earnings: The gross non-performing assets of the bank declined to 6.96 percent from 10.48 percent

Interview | PNB to focus on recovery, sees loan growth of 12-13% in FY24, says MD & CEO Atul Kumar Goel

The comments come even as the banking sector is in a cautious mode when it comes to fresh corporate lending and bad loan resolution.

SBI slow in procurement from GeM portal; lags behind smaller counterparts in 2022-23

The data showed that Canara Bank emerged as the largest buyer among the state-owned lenders in 2022-23, making total purchases of Rs 592.82 crore from the portal.

PNB Q3 result: Net profit tanks 44% to Rs 628.8 crore

PNB Q3 result: The lender's net profit was dragged down by a 40 percent surge in provisions in the December quarter

Punjab National Bank, Bank of India hike lending rates

City-based PNB hiked MCLRs across tenors by 30 basis points, while BOI raised the same by up to 15 basis points.

Who is R Subramaniakumar, the new MD & CEO of RBL Bank?

Subramaniakumar, a former MD & CEO of Indian Overseas Bank, has been appointed at the helm of RBL Bank for a period of three years.

PNB acquires 6% stake in ONDC for Rs 10 crore

Open Network for Digital Commerce (ONDC) is an initiative of the Ministry of Commerce and Industry to promote open networks for all aspects of the exchange of goods and services over digital networks.

PNB reports fraud of Rs 2,060 crore in IL&FS Tamil Nadu Power NPA account

The bank informed that it has already made provisions amounting to Rs 824.1 crore as per prescribed prudential norms.

PNB Q3 net profit more than doubles to Rs 1,127 crore

The state-owned bank had earned a net profit of Rs 506.03 crore in the year-ago period.

Punjab National Bank's board approves raising Rs 6,000 crore

The decision was taken at the meeting of the PNB board of directors on Friday.

PNB MD and CEO Ch. S. S Mallikarjuna Rao's term extended till January 2022

Prior to his appointment as the MD and CEO of Punjab National Bank, Rao was the Managing Director and Chief Executive Officer in Allahabad Bank.

What the PNB QIP prospectus tells us about the NPA situation

Overdue loans at very high levels point to near term asset quality pain

PNB to hold non-deal roadshow next week for proposed Rs 7,000 crore QIP

PNB Managing Director SS Mallikarjuna Rao had announced earlier that it had taken the board’s approval to raise Rs 14,000 crore by way of Additional Tier 1 (AT-1) bonds, Tier II, and QIP.

PNB declares its Rs 3,688 crore loan to DHFL as 'fraud'

State Bank of India (SBI) and Union Bank of India have already declared DHFL a fraud account, while private lender IndusInd Bank has reportedly also taken a similar action