IndiaCatalog.com
Login Signup
IndiaCatalog.com
Home Web Directory Classifieds Yellow Pages Global Directory City Guide News Photo Galleries
Login
Signup
  • Home
  • News
  • Punjab National Bank Related news

Punjab National Bank Related news

PNB Housing Finance Q4 net grows 51% to Rs 378 crore

PNB Housing Finance Q4 net grows 51% to Rs 378 crore

PNB Housing Finance on Thursday reported a 51% year-on-year (y-o-y) growth in net profit to Rs 378 crore for the quarter ended March 31, led by increase in fee income and lower provisions. In the same quarter last year, the mortgage lender posted a net profit of Rs 252 crore.

Earlier this month, CARE Ratings put PNB Housing Finance on credit watch with developing implications due to requirement to raise money to maintain comfortable capital adequacy.

PNB Housing to raise $1 bn from foreign mkts in one or more tranches

PNB Housing to raise $1 bn from foreign mkts in one or more tranches

PNB Housing Finance Thursday said it will raise up to USD 1 billion (around Rs 6,954 crore) from foreign markets, and additional Rs 10,000 crore by issuing bonds.

The board meeting scheduled for May 9 will consider approval of "fund raising by way of external commercial borrowings up to USD 1 billion in one or more tranches", PNB Housing Finance said in a regulatory filing.

PNB takes Tarapur Textiles Park to DRT for $13-million loan default

PNB takes Tarapur Textiles Park to DRT for $13-million loan default

With investigations into Nirav Modi scam in full swing, Punjab National Bank (PNB) has unearthed yet another default from its London branch. The bank has moved the Debt Recovery Tribunal (DRT) against Tarapur Textiles Park for defaulting an amount worth $13 million.

PSU Banks extend gain; Andhra Bank, Indian Overseas Bank up over 5%

PSU Banks extend gain; Andhra Bank, Indian Overseas Bank up over 5%

Shares of public sector banks (PSB) continued to trade higher with the Nifty PSU Bank index up nearly 3 per cent on hopes of margin expansion.

Andhra Bank, United Bank of India, Corporation Bank, Indian Overseas Bank, Uco Bank, Bank of Maharashtra and Syndicate Bank were up more than 5 per cent each while Punjab National Bank (PNB), Bank of Baroda (BOB), Union Bank of India, Bank of India and Indian Bank were up in the range of 2 to 3 per cent on the National Stock Exchange (NSE).

Sebi exempts govt from making an open offer for shareholders of PNB

Sebi exempts govt from making an open offer for shareholders of PNB

New Delhi: Sebi on Wednesday exempted the government from making an open offer for the shareholders of Punjab National Bank but directed reduction in non-public shareholding in the lender post capital infusion.

In February, Punjab National Bank filed an application on behalf of the central government seeking exemption from open offer requirement under takeover regulations.

Top 11 PNB officials summoned for violation of banking regulation

Top 11 PNB officials summoned for violation of banking regulation

New Delhi: A Delhi court has summoned as accused 11 top officials of the Punjab National Bank (PNB), including former and current executive officials and the current managing director, for alleged violation of banking regulations and criminal conspiracy.

Metropolitan Magistrate Dharmender Singh asked PNB Managing Director (MD) and CEO Sunil Mehta, Executive Director Sanjiv Sharan, former MD Usha Ananthasubramanian, former executive director RS Sangapure and seven others to appear before it on May 24 on the basis of a complaint filed by the Reserve Bank of India.

PNB sanctions debt worth Rs689 crore to 1,600 MSMEs

PNB sanctions debt worth Rs689 crore to 1,600 MSMEs

State-owned Punjab National Bank (PNB) has sanctioned loans worth Rs689 crore to over 1,600 Micro, Small and Medium Enterprises (MSMEs) through the psbloansin59minutes.Com portal as part of its effort to promote such industries.

Under the Mudra Yojana, the bank has offered loan to over 2.69 lakh small entrepreneurs this fiscal (till February 14, 2019).

Fraud-hit PNB ranks highest in ‘reforms agenda’ in 2018: Study

Fraud-hit PNB ranks highest in ‘reforms agenda’ in 2018: Study

Fraud-hit Punjab National Bank has been ranked first among public sector banks in the implementation of ’reforms agenda’, followed by Bank of Baroda and State Bank of India, said a report on Thursday.

The BCG-IBA report – EASE Reforms for Public Sector Banks — measures performance of each PSB on 140 objective metrics across 6 themes, including customer responsiveness, credit off-take and digitalisation.

Not just PNB, Mehul Choksi conned Wells Fargo, Gordon Brothers, too

Not just PNB, Mehul Choksi conned Wells Fargo, Gordon Brothers, too

It is not just Punjab National Bank (PNB) that was a victim of fraud. Fugitive businessman Mehul Choksi and an international web of co-conspirators used his US company Samuels Jewelers and a series of puppet vendors, including a psychologist, to fraudulently induce Samuels's primary lenders.

Punjab National Bank in better state, but momentum is still soft – reduce holdings

Punjab National Bank in better state, but momentum is still soft – reduce holdings

Punjab National Bank (PNB), post three quarters of muted profitability (losses), reported PAT of `2.5 bn in Q3FY19. This was led by better-than-expected asset quality even as business momentum continued to remain soft.

(a) slippages were restricted at sub-Rs 40 bn (3.7%). This, with better recovery, led to dip in GNPL; (b) that said, business momentum continued to be soft (albeit improving), which with sustained NIM pressure restricted core operating profitability; and (c) improved coverage led to dip in NNPL & sequential traction in domestic growth was encouraging.

  • Previous
  • 2
  • 3
  • 4
  • 5
  • 6
  • Next

Post a FREE Classified Advertisement

Inviting Real Estate Agents, Job Placements Agents, Educational Institutes, Software Service Providers, Real Estate Builders, Marriage Bureaus, Travel Agents, Restaurant Owners, Health & Fitness Centers and other Local Businesses to Post a FREE Classified Advertisement on Cootera.com Classifieds Website.

Most Read News

IndiaCatalog News
Deepak Nitrite soars 6% as subsidiary plans Rs 5,000-cr capex in Gujarat
IndiaCatalog News
Garmin launches Instinct 2X Solar edition smartwatches in India: Details
IndiaCatalog News
Global mobility firm Flix to enter India in early 2024 with bus service
IndiaCatalog News
Centre to launch Rs 75 coin to mark the opening of new Parliament building
IndiaCatalog News
Disney to give pink slip to 2,500 employees in third round of layoffs

CORPORATE NEWS

GMR Group
GMR Group
IDEA Cellular Limited
IDEA Cellular Limited
Reliance Industries Limited (RIL)
Reliance Industries Limited (RIL)
Nuclear Power Corporation of India Limited (NPCIL)
Nuclear Power Corporation of India Limited (NPCIL)
BHEL
BHEL
Microsoft India (R&D) Pvt. Ltd.
Microsoft India (R&D) Pvt. Ltd.
Apollo Hospitals
Apollo Hospitals
ICICI Bank
ICICI Bank

PHOTO GALLERY

Genelia D'Souza
Genelia D'Souza
Venkatesh
Venkatesh
2017 IIFA Awards
2017 IIFA Awards
Akhil Akkineni
Akhil Akkineni
Parmanu: The Story of Pokhran
Parmanu: The Story of Pokhran
Maruti Swift LDi
Maruti Swift LDi
Dangal
Dangal
The new Volvo FM
The new Volvo FM
IndiaCatalog.com

IndiaCatalog.com is a website brought to you by Portland Technologies to provide directory of Indian websites, News, City Guides and profiles of Indian Businesses. Portland Technologies also provides IT solutions for Small and Medium Businesses in India.


Products

India Web Directory

Global Web Directory

Yellow Pages

Photo Galleries

FREE India Classifieds


Useful links

About us

Advertise

Link to us

Submit a Site

Business Reviews


Contact

Plot #37, Ramnagar Gundu, Hyderabad - 500 044

service@indiacatalog.com

+91-40-23756949


© Copyright: IndiaCatalog.com