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  • Sintex Industries shares hit lower circuit as PNB reports fraud of Rs 1,203 crore Oct 01, 2020 11:19 AM IST

    Sintex Industries shares hit lower circuit as PNB reports fraud of Rs 1,203 crore

    “A fraud of Rs 1,203.26 crore is being reported by Bank to the RBI in the accounts of the Company (SIL),” the bank said in a notification to exchanges.

  • SBI, PNB, Union Bank, BoB, Bank of Maharashtra, IDBI Bank | Check out how much bad loans each bank has written off Sep 26, 2020 06:59 PM IST

    SBI, PNB, Union Bank, BoB, Bank of Maharashtra, IDBI Bank | Check out how much bad loans each bank has written off

    As shown in the cases of SBI, PNB, Union Bank, BoB, Bank of Maharashtra and IDBI Bank, most of the time, there is no or negligible recovery for the amounts written off

  • 38 people named by CBI in bank frauds fled India between Jan 2015 and Dec 2019: FinMin Sep 14, 2020 11:02 PM IST

    38 people named by CBI in bank frauds fled India between Jan 2015 and Dec 2019: FinMin

    The details were provided in response to an unstarred question by Congress leader Dean Kuriakose in Parliament on September 14

  • Indian prisons, Nirav Modi's mental health in focus at UK extradition case Sep 09, 2020 09:49 PM IST

    Indian prisons, Nirav Modi's mental health in focus at UK extradition case

    .Modi's defence team, led by barrister Clare Montgomery, raised further issues around the conditions at Barrack 12 at Arthur Road Jail in Mumbai, where he is to be lodged on being extradited, claiming it is covered in its entirety in a blue metallic cover since it housed a terrorist in 2007.

  • Punjab National Bank launches festival offer, waives processing charges on some loans Sep 09, 2020 07:23 PM IST

    Punjab National Bank launches festival offer, waives processing charges on some loans

    Under the 'Festival Bonanza Offer’, the bank will waive all upfront or processing fees and documentation charges on some of its major retail products like housing loans and car loans.

  • Nirav Modi extradition case: UK court given fresh video tour of Mumbai's Arthur Road Jail Sep 07, 2020 09:28 PM IST

    Nirav Modi extradition case: UK court given fresh video tour of Mumbai's Arthur Road Jail

    .An attached bathroom with a curtain for privacy, three ceiling fans and six tubelights and an LED TV were also highlighted among the facilities available to inmates of the barrack.

  • PNB Scam: Nirav Modi UK extradition judgment to be delivered after December 1 Aug 27, 2020 07:00 PM IST

    PNB Scam: Nirav Modi UK extradition judgment to be delivered after December 1

    The hearing in London on Thursday was scheduled as a case management hearing to set the timetable for evidence to be presented to compete Modi's extradition trial.

  • Punjab National Bank share price gains on receiving $3.2 million in first tranche of recoveries Aug 26, 2020 09:32 AM IST

    Punjab National Bank share price gains on receiving $3.2 million in first tranche of recoveries

    PNB requested MCA to support and join the bankruptcy proceedings in New York to help PNB realise its claims in the debtor's assets.

  • Nirav Modi case | Punjab National Bank receives $3.2 million in first recovery: Centre Aug 25, 2020 08:34 PM IST

    Nirav Modi case | Punjab National Bank receives $3.2 million in first recovery: Centre

    Upon liquidation of the debtors’ assets by the US Chapter 11 Trustee, a sum of $11.04 million is available for distribution to unsecured creditors, including PNB

  • Sell Punjab National Bank; target of Rs 29: Emkay Global Financial Aug 25, 2020 07:50 PM IST

    Sell Punjab National Bank; target of Rs 29: Emkay Global Financial

    Emkay Global Financial is bearish on Punjab National Bank has recommended sell rating on the stock with a target price of Rs 29 in its research report dated August 24, 2020.

  • Hold Punjab National Bank; target of Rs 40: Sharekhan Aug 25, 2020 07:49 PM IST

    Hold Punjab National Bank; target of Rs 40: Sharekhan

    Sharekhan recommended Hold rating on Punjab National Bank with a target price of Rs 40 in its research report dated August 24, 2020.

  • Hold Punjab National Bank; target of Rs 37: Prabhudas Lilladher Aug 25, 2020 07:49 PM IST

    Hold Punjab National Bank; target of Rs 37: Prabhudas Lilladher

    Prabhudas Lilladher recommended Hold rating on Punjab National Bank with a target price of Rs 37 in its research report dated August 25, 2020.

  • Punjab National Bank said about 6 percent of its book maybe eligible for restructuring: Mallikarjuna Rao Aug 24, 2020 04:10 PM IST

    Punjab National Bank said about 6 percent of its book maybe eligible for restructuring: Mallikarjuna Rao

    Rao said tourism, hospitality and aviation are among the sectors that will take longer time to recover or get back on track in view of the changing social behaviour after the COVID-19 outbreak.

  • State Bank of India, Punjab National Bank, Bank of Baroda may go for share sale this fiscal Aug 23, 2020 05:15 PM IST

    State Bank of India, Punjab National Bank, Bank of Baroda may go for share sale this fiscal

    Qualified Institutional Placement (QIP) would be the most preferred way and public sector banks are likely to take a call on taking this route after finalisation of their second quarter results, merchant banking sources said.

  • PNB reports Q1 net profit at Rs 308.45 crore Aug 22, 2020 09:30 AM IST

    PNB reports Q1 net profit at Rs 308.45 crore

    The gross NPA for the quarter ended June 2020 was at 14.11 percent versus 14.21 percent

  • Major win for MCA and PNB as US court recognises bank's claim over proceeds of Nirav Modi asset sales in America Aug 18, 2020 05:57 PM IST

    Major win for MCA and PNB as US court recognises bank's claim over proceeds of Nirav Modi asset sales in America

    Punjab National Bank received the first tranche of the payment a few days ago

  • CVC writes to government defending PNB Executive Director RK Yaduvanshi in Bhushan Steel case Aug 10, 2020 04:28 PM IST

    CVC writes to government defending PNB Executive Director RK Yaduvanshi in Bhushan Steel case

    The Commission seeks review of SFIO complaint, says ‘gross injustice’ is done to the officer; Bhushan Steel was one of India's largest loan defaulters and on the first list of cases suggested by the RBI for insolvency proceedings.

  • Punjab National Bank launches cash credit, loan facility for weavers Aug 06, 2020 10:59 PM IST

    Punjab National Bank launches cash credit, loan facility for weavers

    The scheme aims to provide adequate and timely assistance to weavers by way of cash credit or loan by way of loan or cash credit for their credit requirements such as investments and working capital flexibly and cost-effectively in both rural and urban areas, the bank said in a statement.

  • Punjab National Bank wins UK court battle over unpaid dues Jul 29, 2020 08:18 PM IST

    Punjab National Bank wins UK court battle over unpaid dues

    The PNBIL action seeking enforcement through the UK High Court dates back to 2012 and 2013, when it lent money in relation to the purchase and charter of the cruise liner MV Delphin.

  • Punjab National Bank raises Rs 994 crore by issuing Basel III compliant bonds Jul 29, 2020 07:23 PM IST

    Punjab National Bank raises Rs 994 crore by issuing Basel III compliant bonds

    These norms are being implemented to mitigate concerns on potential stress on asset quality and consequential impact on performance and profitability of banks.

  • Story in a Chart: Hidden divergence set-up suggests buying in Punjab National Bank Jul 18, 2020 05:01 PM IST

    Story in a Chart: Hidden divergence set-up suggests buying in Punjab National Bank

    Although divergence is not an indicator as it is not a mathematical construct, it is often said to be a leading indicator, and hence its inclusion while taking the decision to buy Punjab National Bank.

  • COVID pandemic: S&P Global says fresh capital to provide stability to banks in rocky times Jul 15, 2020 07:59 PM IST

    COVID pandemic: S&P Global says fresh capital to provide stability to banks in rocky times

    S&P Global Ratings projected non-performing loans to shoot up to 13-14 per cent of the total loans in the current financial year, from an estimated 8.5 per cent in 2019-20.

  • PNB to focus on self-service, automation to deal with COVID-19 challenges: S S Mallikarjuna Rao Jul 13, 2020 04:50 PM IST

    PNB to focus on self-service, automation to deal with COVID-19 challenges: S S Mallikarjuna Rao

    Rao said 2019-20 started with an overarching goal towards 'Year of Profitability and Creating Value', leaving the adversities of the previous financial year behind.

  • Punjab National Bank shares tank nearly 7% Jul 10, 2020 02:55 PM IST

    Punjab National Bank shares tank nearly 7%

    On the NSE, it tanked 6.73 percent to Rs 34.60.

  • 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.

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