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Punjab National Bank
Punjab National Bank, a renowned leader in the field of auto finance market in India, offers auto loan for new as well as old vehicles of not older than 3 years. Loans are also offered for purchase of vehicles of foreign/indigenous makes.
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Financial Products Marketing :Punjab National Bank
Division 5
Sansad Marg
New Delhi, DH, 110001
Phone : +91-11-23311164
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PNB to close or relocate up to 300 branches
Posted on 8th November 2017
New Delhi-based public sector lender Punjab National Bank is planning to rationalise its branch network by shutting down or relocating up to 300 loss-making branches over the next 12 months.

Sunil Mehta, managing director and chief executive, said turning loss-making branches into profit-making units by tweaking the business strategy was priority. Read More

Punjab National Bank's credit costs to stay high in Q2
Posted on 3rd November 2017
Facing same predicament like most public sector lenders, Punjab National Bank’s credit costs might stay elevated for the second quarter ended September 2017. Credit cost is the amount set aside for bad loans. However, the pace of slippages, advances becoming bad loans, is expected to moderate.

While operating profits will see traction or improvement, the tepid demand for credit will be a drag on interest income, a key component in revenues, said an analyst. Read More

SBI, PNB, PSU bank stocks rally up to 40% on Modi government’s Rs 2.11 lakh crore recapitalisation
Posted on 25th October 2017
Shares of PSU banks rallied heavily on Wednesday following Modi government’s plan to recapitalise the lenders with a huge capital size of Rs 2.11 lakh crore. The stocks of all the listed state-run banks on the PSU bank index of NSE traded in green today with a maximum rise of up to 40%. About Rs 7,300 crore worth of shares exchanged hands on the Nifty PSU Bank index within an hour trade which is Rs 2,300 crore (approx) short of Rs 9,600 crore turnover of Nifty as at 10:17 am. India’s largest bank by asset size and loan book — State Bank of India — jumped as much as 24.56% to hit the 52-week high of Rs 316.95. Read More

Punjab National Bank planning QIP to raise $250-300 million
Posted on 17th October 2017
Mumbai: State-owned Punjab National Bank (PNB) plans to raise equity capital through a qualified institutional placement (QIP) that could see the lender raise as much as $250-300 million, said two people aware of the development.

PNB is among the several state-owned banks that have planned to tap the capital markets to raise funds in order to recapitalize balance sheets laden with bad loans. Read More

PNB plans to raise up to Rs 5,000 cr from market to fund growth
Posted on 22nd September 2017
Punjab National Bank today said it plans to raise up to Rs 5,000 crore equity capital from the markets to fund growth.

The public sector bank however did not give any indication as to whether it would be raised by diluting government equity or issuing Additional Tier-1 (AT1) bonds. Read More

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