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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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Contact Details
Financial Products Marketing :Punjab National Bank
Division 5
Sansad Marg
New Delhi, DH, 110001
Phone : +91-11-23311164
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News
Wilful defaults by PNB's borrowers rise to Rs 15,200 crore
Posted on 21st May 2018
State-run Punjab National Bank (PNB) saw wilful defaults by big borrowers growing further to Rs 15,199.57 crore in April this year over the previous month, soon after suffering a record loss of more than Rs 13,400 crore for January-March due to frauds and bad loans.

The bank which posted a record loss of more than Rs 13,400 crore for the last quarter of 2017-18 closed the fiscal with big wilful defaults of Rs 15,171.91 crore, according to the PNB data. Read More


PNB fraud case: Bank employee got Rs 1 crore bribe in cheque, says CBI
Posted on 17th May 2018
MUMBAI: In the second chargesheet submitted in the Punjab National Bank (PNB) fraud case, the CBI has alleged that the bank’s retired deputy manager Gokulnath Shetty had received Rs 1 crore as illegal gratification for being part of the conspiracy.

The chargesheet alleged that the bribe amount was routed through one Debajyoti Dutta, proprietor of M/s Rishika Financials, now a witness in the case. Read More


NPA provisioning to hit PNB results; to report loss of Rs 27 billion in Q4
Posted on 15th May 2018
Like many public-sector banks (PSBs) that have announced their March 2018 (Q4) results so far, Punjab National Bank (PNB) too is expected to report losses but of a higher magnitude. Besides higher slippages (loans turning bad) due to the Reserve Bank of India’s (RBI) new non-performing assets (NPAs or bad loans) rules and mark-to-market (MTM) provisioning for depreciation in value of government bonds due to higher yields, provisioning for the Rs 135 billion fraud reported in February is expected to have led to the poor performance in Q4. Read More

​Punjab National Bank relies on artificial intelligence to check frauds
Posted on 7th May 2018
NEW DELHI: Punjab National Bank on Sunday said it plans to rely on artificial intelligence (AI) for reconciliation of accounts and incorporate analytics for improving audit systems as it seeks to clean up the process after the massive fraud involving Nirav Modi and Mehul Choksi. Read More

PNB Housing Finance net profit rises 36% to Rs 2.2 billion
Posted on 4th May 2018
PNB Housing Finance has posted growth of 36 per cent in its net profit to Rs 2.2 billion in the March quarter from Rs 1.5 billion during the corresponding quarter of the previous financial year.

On an annual basis, the housing company’s net profit increased 58 per cent to Rs 8.3 billion at the end of 2017-18, from Rs 5.23 billion at the end of 2016-17. Read More

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