Now PNB, IDBI Bank do it, cuts lending rate by 0.25%

Last Updated: Wednesday, May 6, 2015, 19:00

Joining the rate cut spree, two public sector lenders, Punjab National Bank and IDBI Bank, Wednesday cut their base rates by 0.25 percent to 10 percent, which will lead to lower EMIs for its customers.

PNB cuts fixed deposit rates by 0.25%

Last Updated: Thursday, April 16, 2015, 22:18

State-owned Punjab National Bank Thursday reduced interest rate on fixed deposit by 0.25 percent on select maturities, a moves which is seen as precursor to cut in the lending rate.

Moody's raises outlook for 15 banks, FIs to 'positive'

Last Updated: Thursday, April 9, 2015, 17:21

Credit rating agency Moody's Thursday revised upwards the outlook to positive, from stable, for 12 state-owned banks and financial institutions including SBI, PNB, Canara Bank, REC and PFC.

PNB MetLife forays into health insurance segment

Last Updated: Thursday, April 9, 2015, 16:37

The plan returns all the premiums paid in case there is no claim from the policy holder during the policy term and upon survival, PNB MetLife said in a statement.

PNB raises Rs 1,800 crore from bonds to fund infra projects

Last Updated: Tuesday, March 24, 2015, 19:22

State-owned Punjab National Bank on Tuesday announced raising Rs 1,800 crore through long-term bonds for funding infrastructure projects.

Frauds worth Rs 11,022 crore detected in PSU banks in Apr-Dec

Last Updated: Sunday, March 22, 2015, 13:25

PSU banks have reported over 2,100 fraud cases involving a sum of Rs 11,022 crore in the first nine months of the ongoing fiscal, with PNB reporting the maximum number of such instances.

PNB raises Rs 1000 crore through long term bonds

Last Updated: Tuesday, February 10, 2015, 11:52

Public sector lender Punjab National Bank on Tuesday said it has raised Rs 1,000 crore through long term bonds on private placement basis.

PNB stock tanks 8% post results; m-cap down Rs 2,760 cr

Last Updated: Tuesday, February 3, 2015, 18:12

PNB shares tumbled over 8 percent, wiping-out Rs 2,760 crore from its market valuation on Tuesday, after the company posted a marginal 2.5 percent increase in net profit for the third quarter ended December 31.

PNB tumbles over 7% as bad loans jump in Q3

Last Updated: Tuesday, February 3, 2015, 13:04

Punjab National Bank, the fifth-biggest Indian lender by assets, reported a lower-than-expected quarterly profit as bad loans jumped, sending its shares down more than 7 percent.

PNB net profit up 2.5% to Rs 775 crore

Last Updated: Tuesday, February 3, 2015, 12:37

Punjab National Bank on Tuesday posted a marginal 2.5 percent increase in net profit to Rs 774.56 crore for its third quarter ended December 31, on account of higher provisioning for bad loans.

Naresh Goyal not to bring down holding below 51%: Jet Airways

Last Updated: Wednesday, January 14, 2015, 15:51

In a statement the airline said that the undertaking given to PNB is "an undertaking of non-disposal of any further equity and not a matter of pledging of his shares".