Fitch affirms ratings on 9 Indian banks

Last Updated: Tuesday, September 1, 2015, 19:17

International ratings agency Fitch has downgraded viability rating of state-run Punjab National Bank by a notch while affirming ratings on nine banks, including SBI and ICICI Bank.

1,000 tonnes onion coming from Afghanistan every day

Last Updated: Friday, August 28, 2015, 17:50

Onion is still fetching the rate of Rs 55-60 per kg in the retail market in several parts of Punjab.

IDBI not selling bad loans to ARCs; PNB thinks of new ways

Last Updated: Tuesday, August 25, 2015, 23:24

Even as they sit on mountain of bad loans, public sector lender IDBI Bank Tuesday said it's not selling stressed loans to ARCs, while its larger peer PNB said it prefers innovative ways to tackle the situation.

Banks seek shareholders' nod for Rs 5,934-crore capital infusion

Last Updated: Saturday, August 22, 2015, 22:33

Four public sector banks, including PNB and BoB, Saturday sought shareholders' approval for capital infusion of Rs 5,934 crore by issuing preferential shares to the government.

Punjab gets onions from Afghan to check prices

Last Updated: Tuesday, August 18, 2015, 17:25

With onion prices going through the roof, traders from Punjab have started importing the crop from Afghanistan through the Attari-Wagah land route.

PSB Q1 net more than doubles to Rs 43 cr

Last Updated: Saturday, August 8, 2015, 17:38

Higher earnings from corporate, wholesale and retail banking contributed to the profit rise.

Telecom firms asked by HC to give mobile tower details in 7 days

Last Updated: Friday, August 7, 2015, 18:37

"Mobile companies have been asked by the High Court to provide details about mobile towers installed in UT Chandigarh within seven days," advocate Shekhar Verma, counsel for UT Chandigarh Administration, said.

PNB cuts FD rate by up to 0.50%

Last Updated: Wednesday, August 5, 2015, 23:11

State-owned Punjab National Bank Wednesday reduced interest rate on fixed deposits on select maturities by up to 0.50 percent.

PNB shares gain 5% on improvement in Q1 asset quality

Last Updated: Tuesday, July 28, 2015, 18:47

Shares of PNB rose 5 percent Tuesday as the country's second largest public sector lender's asset quality improved on a quarter-on-quarter basis.

PNB Q1 net dips 49% to Rs 721 crore on higher provisioning

Last Updated: Tuesday, July 28, 2015, 12:52

Punjab National Bank (PNB)'s first quarter net profit of current fiscal Tuesday showed a 48.68 percent decline from Rs 1,405 crore reported the same quarter of 2014-15 fiscal.