Punjab National Bank
Business  /  Published 05.11.21

PNB lending rate at 6.5

State-owned Punjab National Bank on Wednesday announced cutting its benchmark lending rate by 5 basis points to 6.50 per cent. The Repo Linked Lending Rate (RLLR) has been reduced from 6.55 per cent ...
By PTI in New Delhi

Business  /  Published 04.10.21

Uco Bank to get new MD

The government is considering appointing Soma Sankara Prasad, the deputy managing director of State Bank of India, as managing director of Calcutta-based Uco Bank.  The Banks Board Bureau (BBB) ...
By PTI in New Delhi

Business  /  Published 11.09.21

PNB to raise Rs 6000cr

Punjab National Bank (PNB) is set to raise up to Rs 6,000 crore through bonds. In a regulatory filing, the state-owned lender said that its board on Friday approved raising capital by issuing Basel-I...
By Our Special Correspondent in Mumbai

Business  /  Published 03.09.21

PNB plea to junk Jet rescue plan

Punjab National Bank on Thursday urged a tribunal to quash the rescue plan for defunct debt-laden Jet Airways, alleging irregularities in it, a move that risks delaying the return of the airline groun...
By Reuters in New Delhi

Business  /  Published 04.08.21

PNB backs housing arm

Breaking his silence on the fund-raising plans for PNB Housing Finance, S.S. Mallikarjuna Rao, managing director, Punjab National Bank, the parent firm, said there was no error of judgement and the su...
By Our Special Correspondent in New Delhi


Business  /  Published 03.08.21

Marginal dip in HDFC June quarter profit

HDFC on Monday reported a marginal fall in its net profit for the quarter ended June 2021 because of one-off items. The mortgage lender posted a standalone net profit of Rs 3,000.67 crore compared wit...
By Our Special Correspondent in Mumbai

Business  /  Published 26.07.21

3 PSU bank chiefs to get extension

The finance ministry has moved a file to extend the tenure of three public sector banks’ managing directors, including Punjab National Bank (PNB), according to sources. Besides, the sources sai...
By PTI in New Delhi

Business  /  Published 14.07.21

PNB moves court seeking restoration of assets

  The Punjab National Bank (PNB) on Wednesday moved multiple applications before a special PMLA court here, seeking restoration of the assets of two firms owned by fugitive diamond merchant Nira...
By Our Bureau, PTI in Mumbai

Business  /  Published 08.07.21

PNB asks arm to recast Carlyle deal

PNB Housing Finance on Wednesday said its promoter Punjab National Bank has asked it to consider restructuring the proposed Rs 4,000-crore capital infusion deal led by US-based Carlyle group.&nbs...
By PTI in New Delhi

Business  /  Published 24.06.21

Nirav Modi loses first round

Nirav Modi has lost the first stage of his extradition appeal in a London court just over two months after the wanted diamond merchant’s extradition to India was ordered by UK home secretary Pri...
By PTI in London


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