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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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The Standard Chartered Bank goes back to more than a century ago, and has today three business divisions - Consumer Banking, Corporate and Institutional Banking and Treasury. The Consumer Banking Division offers different loans which include auto loans.
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Is a one of the leaders in the auto finance segments in India. Recently it has slashed down its rate of interest for the new cars, which, in turn, has attracted a number of customers.
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SF has been providing financial assistance to road transport operators for acquiring commercial vehicles under hire purchase system. SF diversified into equipment leasing in 1981.
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RBI registers FIR against Punjab National Bank for depositing fake notes
Posted on 9th January 2018
The Ghaziabad police have registered a first information report against Punjab National Bank's Modi Nagar branch for allegedly depositing fake currency notes during the note ban. Police have registered a case on the basis of a complaint filed by the Reserve Bank of India, Kanpur.

According to the police, after Prime Minister Narendra Modi had announced that the Rs 500 and Rs 1,000 notes will be withdrawn from the financial system in 2016. Read More


PNB floats Rs 5,000-cr QIP, sees 14% equity dilution
Posted on 13th December 2017
State-run lender Punjab National Bank launched a Rs 5,000-crore fund-raising programme late on Monday evening through qualified institutional placement (QIP) of shares at a likely price of Rs 168 per share in a move that will shore up the bank’s capital adequacy ratio (CAR). The base size of the QIP is Rs 3,000 crore or 17.9 crore shares, with an option to retain an additional Rs 2,000 crore through issue of another 11.9 crore shares. Read More

Punjab National Bank launches up to $777 million share sale
Posted on 12th December 2017
Indian state-run Punjab National Bank has launched a share sale to qualified institutions to raise at least 30 billion rupees ($466.2 million) with an upsize option for another 20 billion rupees, according a source and a deal term sheet.

Punjab National Bank, the second-biggest state-run lender in the country, is looking to sell the shares at an indicative price of 168 rupees each, according to the source and the term sheet. Read More


PNB, Indian Bank, Syndicate Bank likely to launch QIPs this month
Posted on 11th December 2017
Mumbai: At least three state-run lenders—Punjab National Bank (PNB), Syndicate Bank and Indian Bank—are likely to launch their qualified institutional placement (QIP) offerings in the coming weeks, said three people aware of the development. Collectively, these three state-owned lenders are targeting to raise around Rs6,000-7,000 crore.

QIP is a capital-raising tool through which listed companies can sell shares, fully and partly convertible debentures, or any securities other than warrants that are convertible into stocks, to a qualified institutional buyer. Read More


PNB follows SBI in raising bulk deposit rates
Posted on 1st December 2017
State-owned Punjab National Bank (PNB) has raised its interest rate on bulk deposits over Rs 1 crore by 50 basis points, to five per cent, a day after the country’s largest lender, State Bank of India, decided to raise its rate on these deposits across tenors by 100 bps. Bulk deposits are those of at least Rs 1 crore.

These increases come a few days ahead of the Reserve Bank’s bi-monthly policy review, on Wednesday. The earlier review saw the policy rate unchanged at six per cent. Read More

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