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 identifies 400 wilful defaulters; to sell Rs 3,000 crore NPAs

Last Updated: Tuesday, July 28, 2015, 16:59

Saddled with bad loans, PNB on Tuesday said it has reported to RBI 400 'wilful defaulters', and plans to sell Non Performing Assets worth up to Rs 3,000 crore to ARCs in the current fiscal.

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.

Bank stocks witness selling pressure

Last Updated: Friday, June 26, 2015, 19:35

Bank stocks on Friday witnessed a selling pressure after the Financial Stability Report said that asset quality deterioration is likely to continue for a few more quarters.

PNB cuts rate on FD on select maturities by up to 0.25%

Last Updated: Tuesday, June 23, 2015, 20:14

The bank has slashed the interest rate by 0.25 percent from 7.75 percent to 7.50 on term deposits with 180 days to one year tenure.

Interviews for CEO posts at 5 large PSU Banks start from Monday

Last Updated: Sunday, June 14, 2015, 10:49

As many as 26 candidates, including executives from private sector banks, are to appear for the interviews on June 15 and 16, sources said.

Private bankers to be interviewed for CEO/MD post at 5 large PSBs

Last Updated: Thursday, June 11, 2015, 18:06

While the age limit was increased to 57 years, from 55 years earlier, the mandatory board-level experience for the applicants were reduced to one year from three years previously to invite more experienced talent for heading large public sector banks.

PNB, Axis Bank cut fixed deposit rate by 0.25%

Last Updated: Wednesday, June 3, 2015, 22:08

Two leading banks Punjab National Bank (PNB) and Axis Bank Wednesday slashed interest rate on fixed deposits by 0.25 percent on select maturities, a move which could be seen as precursor to a cut in lending rates.

PNB cuts fixed deposit rate by 0.25% on select maturities

Last Updated: Wednesday, June 3, 2015, 14:49

The reduction will be effective from June 8, PNB said in a statement.

PNB waives processing fee on housing, car loans till Dec

Last Updated: Monday, May 25, 2015, 21:49

Punjab National Bank (PNB) has launched monsoon bonanza offer in which the bank is offering full waiver of upfront or processing fees and documentation charges on all housing and car loans.

Punjab National Bank Q4 net profit plummets 62% to Rs 306 crore

Last Updated: Friday, May 8, 2015, 13:26

State-run lender Punjab National Bank on Friday reported a whopping 62 percent decline in its standalone net profit to Rs 306.56 crore in the fourth quarter ended March 31.