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punjab national bank

Headquartered in New Delhi, Punjab National Bank, abbreviated as PNB, is a state-owned commercial bank that commenced operations on April 12, 1985, from Lahore, Undivided India. It holds the distinction of being the first Swadeshi bank, managed by Indians and started with Indian capital. While the authorised capital was Rs 2,00,000, the working capital stood at Rs 20,000. PNB offers products in asset management, credit and debit card business, life and non-insurance business, amongst others. The bank also has overseas, international subsidiaries in Bhutan and the UK. In 1951, the bank acquired 39 branches of the Bharat bank. In its rich history, PNB has merged with/amalgamated 9 banks. Post the most recent amalgamation with Oriental Bank of Commerce and United Bank of India, which took place in 2020, PNB has expanded its presence across India. As of the end of September’ 2021, the bank has an aggregate of 36,514 delivery channels with a network of 10,528 domestic branches, 2 International branches, 13,506 ATMs & 12,478 Business Correspondents. In March 2002, the bank came out with its first Initial Public Offer (IPO) worth 5,30,60,700 equity shares of Rs 10 each. As of 2021, PNB is the second largest Public Sector Bank in the country with Global Gross Business at Rs. 18,51,097 crore. More

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  • Punjab National Bank share price up on plan to buy 9.5% stake in Open Network Digital Commerce Nov 30, 2021 10:12 AM IST

    Punjab National Bank share price up on plan to buy 9.5% stake in Open Network Digital Commerce

    ONDC Ltd is being established with a mandate to develop an open network for digital commerce, PNB said in a regulatory filing

  • Vulnerability in PNB server exposed customer data for about seven months: CyberX9 Nov 21, 2021 02:46 PM IST

    Vulnerability in PNB server exposed customer data for about seven months: CyberX9

    Cyber security firm CyberX9 has claimed that the vulnerability provided access to the entire digital banking system of PNB with administrative control

  • Punjab National Bank cuts benchmark lending rate to 6.50% Nov 03, 2021 06:30 PM IST

    Punjab National Bank cuts benchmark lending rate to 6.50%

    The Repo Linked Lending Rate (RLLR) has been changed from 6.55 per cent to 6.50 per cent with effect from November 8, PNB said in a regulatory filing.

  • PNB Standalone September 2021 Net Interest Income (NII) at Rs 6,352.81 crore, down  24.31% Y-o-Y Oct 29, 2021 01:11 PM IST

    PNB Standalone September 2021 Net Interest Income (NII) at Rs 6,352.81 crore, down 24.31% Y-o-Y

  • PNB Consolidated September 2021 Net Interest Income (NII) at Rs 6,549.61 crore, down  23.48% Y-o-Y Oct 28, 2021 02:44 PM IST

    PNB Consolidated September 2021 Net Interest Income (NII) at Rs 6,549.61 crore, down 23.48% Y-o-Y

  • PNB Standalone September 2021 Net Interest Income (NII) at Rs 6,352.81 crore, down  24.31% Y-o-Y Oct 28, 2021 02:33 PM IST

    PNB Standalone September 2021 Net Interest Income (NII) at Rs 6,352.81 crore, down 24.31% Y-o-Y

  • Punjab National Bank quarterly profit jumps 78% to Rs 1,105 crore Oct 27, 2021 09:17 PM IST

    Punjab National Bank quarterly profit jumps 78% to Rs 1,105 crore

    The country's second-largest lender had posted a net profit of Rs 620.81 crore during the corresponding quarter a year ago.

  • Tata Power, L&T Finance Holdings, IRCTC among 10 stocks under F&O ban on the NSE Oct 21, 2021 02:05 PM IST

    Tata Power, L&T Finance Holdings, IRCTC among 10 stocks under F&O ban on the NSE

    After the ban, traders are not allowed for any fresh positions in the F&O contracts of the particular stock that is under the F&O ban period.

  • Trade Spotlight | What should investors do with NALCO, PNB and Tata Power? Oct 19, 2021 07:37 AM IST

    Trade Spotlight | What should investors do with NALCO, PNB and Tata Power?

    Here's what Vikas Jain of Reliance Securities has to say about these three stocks when the market resumes trading today

  • Festive offer: PNB reduces gold loan rates by 1.45 percentage points Oct 13, 2021 05:56 PM IST

    Festive offer: PNB reduces gold loan rates by 1.45 percentage points

    During the festive season, PNB is also offering a full waiver of service charges/processing fee on the loans against gold jewellery and SGB, similar to home loans and vehicle loans announced recently.

  • Punjab National Bank Q2 Net Profit seen up 62.8% YoY to Rs. 1,010.5 cr: Motilal Oswal Oct 13, 2021 02:36 PM IST

    Punjab National Bank Q2 Net Profit seen up 62.8% YoY to Rs. 1,010.5 cr: Motilal Oswal

    Net Interest Income (NII) is expected to decrease by 11.7 percent Y-o-Y (up 3.2 percent Q-o-Q) to Rs. 7,459.7 crore, according to Motilal Oswal.

  • Punjab National Bank Q2 Net Profit to Rs. 1,009.1 cr: Prabhudas Lilladher Oct 07, 2021 03:06 PM IST

    Punjab National Bank Q2 Net Profit to Rs. 1,009.1 cr: Prabhudas Lilladher

    Net Interest Income (NII) is expected to decrease by 14.3 percent Y-o-Y (down 0.5 percent Q-o-Q) to Rs. 7,191.9 crore, according to Prabhudas Lilladher.

  • PNB earns Rs 170 crore in FY21 by levying charges on non-maintenance of minimum balance: RTI Sep 20, 2021 05:00 PM IST

    PNB earns Rs 170 crore in FY21 by levying charges on non-maintenance of minimum balance: RTI

    The lender’s revenue earned from such charges stood at Rs 286.24 crore in 2019-20.

  • Punjab National Bank reduces home loan interest rate to 6.60% Sep 17, 2021 09:11 PM IST

    Punjab National Bank reduces home loan interest rate to 6.60%

    The interest rate is also applicable to balance transfer cases and is lowest among public sector banks. PNB also decreased interest rate on home loans above Rs 50 lakh by 50 basis points.

  • Bad bank plan a welcome step, expect a gap-up opening for Bank Nifty today: Experts Sep 16, 2021 09:07 PM IST

    Bad bank plan a welcome step, expect a gap-up opening for Bank Nifty today: Experts

    We may see some more upside in PSU banks today but profit booking can't be ruled out at higher levels, however, this event could be a long-term positive, said Santosh Meena of Swastika Investmart

  • Banks Board Bureau recommends Atul Kumar Goel as MD, CEO of Punjab National Bank Sep 08, 2021 08:14 PM IST

    Banks Board Bureau recommends Atul Kumar Goel as MD, CEO of Punjab National Bank

    Apart from this, the Bureau chose Ajay Kumar Shrivastava as the candidate on the reserve list for the post.

  • PNB MD and CEO Ch. S. S Mallikarjuna Rao's term extended till January 2022 Aug 26, 2021 03:12 PM IST

    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.

  • Court allows return of Nirav Modi's confiscated assets to PNB Aug 19, 2021 07:17 PM IST

    Court allows return of Nirav Modi's confiscated assets to PNB

    Nirav Modi and his uncle Mehul Choksi are accused of committing a Rs 14,000 crore scam by obtaining credit facilities fraudulently from the PNB, a public sector bank.

  • Kumar Mangalam Birla steps down as non-executive chairman of Vodafone-Idea Aug 04, 2021 06:38 PM IST

    Kumar Mangalam Birla steps down as non-executive chairman of Vodafone-Idea

    The board has unanimously elected current Non-Executive Director Himanshu Kapania as the Non-Executive Chairman of the company.

  • PNB never objected to housing finance arm’s deal with Carlyle, only asked it to follow SEBI directions: MD & CEO Aug 03, 2021 02:16 PM IST

    PNB never objected to housing finance arm’s deal with Carlyle, only asked it to follow SEBI directions: MD & CEO

    CS Mallikarjuna Rao says the bank will follow whatever directions are issued by the appellate tribunal. In an announcement on May 31, PNBHFL had said that Carlyle Group, its affiliates, existing investors, and Puri’s family investment vehicle will invest up to Rs 4,000 crore in the housing finance firm.

  • PNB Standalone June 2021 Net Interest Income (NII) at Rs 7,226.58 crore, up  7.09% Y-o-Y Aug 02, 2021 10:44 PM IST

    PNB Standalone June 2021 Net Interest Income (NII) at Rs 7,226.58 crore, up 7.09% Y-o-Y

  • PNB Consolidated June 2021 Net Interest Income (NII) at Rs 7,385.98 crore, up  7.31% Y-o-Y Aug 02, 2021 10:44 PM IST

    PNB Consolidated June 2021 Net Interest Income (NII) at Rs 7,385.98 crore, up 7.31% Y-o-Y

  • Punjab National Bank Q1 net profit rises over three-fold to Rs 1,023 crore on higher recovery Aug 02, 2021 09:57 PM IST

    Punjab National Bank Q1 net profit rises over three-fold to Rs 1,023 crore on higher recovery

    The total income during Q1FY22 declined to Rs 22,515 crore from Rs 24,292.80 crore in Q1FY21, Punjab National Bank (PNB) said in a regulatory filing.

  • Punjab National Bank, IDBI, Bank of India among others exit ARCs as they move to set up ‘Bad Bank’ Jul 19, 2021 01:24 PM IST

    Punjab National Bank, IDBI, Bank of India among others exit ARCs as they move to set up ‘Bad Bank’

    Punjab National Bank had put out its stake of 10.01 percent in Arcil, one of the oldest ARCs of India, for sale.

  • Punjab National Bank Q1 Net Profit seen up 41% YoY to Rs. 434 cr: Sharekhan Jul 15, 2021 02:46 PM IST

    Punjab National Bank Q1 Net Profit seen up 41% YoY to Rs. 434 cr: Sharekhan

    Net Interest Income (NII) is expected to increase by 19 percent Y-o-Y (up 16 percent Q-o-Q) to Rs. 8,031 crore, according to Sharekhan.

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