Punjab & Sind Bank cuts lending rate by 0.26%

Last Updated: Friday, July 19, 2013, 19:37

State-owned Punjab & Sind Bank Friday announced a cut of 0.26 percent in minimum lending rate to 9.99 percent, a move which will lower EMIs.

Lenders form group to recover Rs 4K cr SBLCs loss to Winsome

Last Updated: Tuesday, May 28, 2013, 18:53

The core group includes PNB, Bank of India, Central Bank of India and Canara Bank, according to a bank official.

RIL rejigs investment portfolio; exits four banks

Last Updated: Sunday, May 12, 2013, 14:52

In a major revamp of its investment portfolio, Reliance Industries Ltd has sold off its holdings in four banks, HDFC Bank, Axis Bank, Canara Bank and PNB, but has tanked up its holdings in two others -- SBI and ICICI Bank.

Punjab National Bank Q4 net profit down over 20% to Rs 1,130.8 cr

Last Updated: Thursday, May 9, 2013, 12:34

Punjab National Bank (PNB) Thursday reported a decline of 20.5 percent in its net profit for the last quarter ended March 31, 2013 at Rs 1,131 crore on account of higher provisioning towards bad loans.

India Ratings affirms AAA ratings to SBI, PNB; outlook stable

Last Updated: Thursday, March 7, 2013, 20:04

India Ratings has affirmed the State Bank of India's long-term issuer rating at 'AAA' with a 'stable' outlook on the back of its strong funding profile supported by large branch network.

Govt infuses Rs 1,248 cr in PNB, BoI gets Rs 809 cr

Last Updated: Wednesday, March 6, 2013, 21:30

Two state owned lender Punjab National Bank (PNB) and Bank of India (BoI) Wednesday said they have received capital infusion of over Rs 2,050 crore, following the allotment of preferential shares to the government.

PNB raises fixed deposits rates by up to 1.25%

Last Updated: Friday, March 1, 2013, 14:11

State-owned Punjab National Bank on Friday raised interest rates on fixed deposits of select maturities by up to 1.25 percent.

PNB soars over 10%, m-cap jumps Rs 2,653 cr after Q3 results

Last Updated: Thursday, January 31, 2013, 21:20

Shares of Punjab National Bank (PNB) Thursday spurted by over 10 percent after the company reported 13.5 percent growth in net profit for the third quarter ended December 31, 2012 on account of lower provisions and higher cash recovery.

PNB to raise Rs 1,250 cr by issue of preference share to govt

Last Updated: Thursday, January 17, 2013, 22:54

State-owned Punjab National Bank (PNB) Thursday approved a fund infusion of Rs 1,250 crore through preferential issue of shares to the government.

PNB acquires 30% stake in Metlife, company to be re-branded

Last Updated: Friday, January 4, 2013, 20:11

Punjab National Bank Friday said it has received all regulatory approvals for acquiring 30 percent stake in Metlife India Insurance.

Banks report fraud cases involving Rs 6,457 crore in 2012

Last Updated: Thursday, November 29, 2012, 18:14

Indian Overseas Bank (IOB) reported fraud cases involving an amount Rs 758 crore so far in 2012, followed by Punjab National Bank (PNB) which reported fraud cases involving an amount Rs 728 crore.

PNB shares down nearly 7% as Sept quarter profit slips

Last Updated: Friday, October 26, 2012, 22:36

Shares of Punjab National Bank Friday dropped nearly 7 percent after the state-owned firm reported a 11.6 percent drop in net profit at Rs 1,065 crore due to higher provisioning for bad loans in September quarter.