Punjab National Bank

Punjab National Bank News

PNB resolves: National anthem will be played at every Annual General Meeting

The Securities and Exchange Board of India and Reserve Bank of India rules do not require companies or banks to play the national anthem at AGMs and EGMs

Indian banks showing positive signs but fundamentals still weak: DBS report

According to the global financial services major, the recent second quarter earnings of Indian banks showed some positive signs with a slight improvement in asset quality.


Punjab National Bank posts Rs 4,532 crore loss in Sept quarter as bad loans soar

Punjab National Bank Friday posted a staggering loss of Rs 4,532.35 crore for the second quarter ended September 30, 2018 on rising bad loans.

PNB capital infusion: Sebi exempts govt from making open offer

Under the takeover norms, when entities which hold 25 per cent or more shareholding in a company acquire additional 5 per cent or more in that particular firm in a financial year, then they are required to make an open offer.

Cash-strapped PNB invests Rs 50 crore into shipbuilding firm

PNB suffered net loss of `13,416 crore in January-March quarter in FY18 and `940 crore in April-June quarter of the current fiscal.

PNB to turn profitable in FY'19; Nirav Modi scam a bygone: Managing Director Sunil Mehta

Mehta said he hopes that PNB will be back into the black during 2018-19 due to various efforts taken by the bank after the fraud came to light in January this year.


Ex-PDP minister Imran Ansari declared 'wilful defaulter' by PNB

It alleged that PDP MLA Ansari, his uncles - Amjab Abbas and Abid Hussain, and his first cousin Kumail Hussain have an outstanding balance of Rs 32.47 crore against them as on August 31, 2018.

PNB fraud case: Antigua will cooperate in extraditing Mehul Choksi to India

In August this year, Antigua had refused to extradite Choksi. In a letter, its Prime Minister Gaston Browne said Mehul Choksi's passport could not be revoked as it was acquired legally.

PNB to seek Rs 5,431-crore fund infusion from govt

While the earlier fund infusion was to help PNB meet minimum regulatory capital requirement, this round of capital injection will enable the lender to step up growth in lending.

Delhi: F Bar owner, bank official among 4 held for loan fraud

“False documents and reports pertaining to site inspection and revenue records were made to facilitate the loan, which was used to open F Bar...,” said ACP (EOW) Suvashish Chaudhary.