State lenders PNB, BoB, OBC cut base rate by up to 0.40%
State-run lenders Punjab National Bank, Bank of Baroda and Oriental Bank of Commerce have trimmed their base or minimum lending rates by up to 0.40 percent in response to RBI's policy rate cut.
Sep 30, 2015, 18:32 PM IST
Fitch affirms ratings on 9 Indian banks
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.
Sep 01, 2015, 19:17 PM IST
IDBI not selling bad loans to ARCs; PNB thinks of new ways
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.
Aug 25, 2015, 23:24 PM IST
Banks seek shareholders' nod for Rs 5,934-crore capital infusion
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.
Aug 22, 2015, 22:33 PM IST
PNB cuts FD rate by up to 0.50%
State-owned Punjab National Bank Wednesday reduced interest rate on fixed deposits on select maturities by up to 0.50 percent.
Aug 05, 2015, 23:11 PM IST
PNB shares gain 5% on improvement in Q1 asset quality
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.
Jul 28, 2015, 18:47 PM IST
PNB Q1 net dips 49% to Rs 721 crore on higher provisioning
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.
Jul 28, 2015, 12:52 PM IST
PNB cuts rate on FD on select maturities by up to 0.25%
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.
Jun 23, 2015, 20:14 PM IST
PNB, Axis Bank cut fixed deposit rate by 0.25%
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.
Jun 03, 2015, 22:08 PM IST
PNB waives processing fee on housing, car loans till Dec
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.
May 25, 2015, 21:49 PM IST
Punjab National Bank Q4 net profit plummets 62% to Rs 306 crore
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.
May 08, 2015, 13:26 PM IST
Now PNB, IDBI Bank do it, cuts lending rate by 0.25%
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.
May 06, 2015, 19:00 PM IST
PNB cuts fixed deposit rates by 0.25%
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.
Apr 16, 2015, 22:18 PM IST
PNB raises Rs 1,800 crore from bonds to fund infra projects
State-owned Punjab National Bank on Tuesday announced raising Rs 1,800 crore through long-term bonds for funding infrastructure projects.
Mar 24, 2015, 19:22 PM IST
Bhushan Steel in talks with banks for debt restructuring
Bhushan Steel has said it is in talks with banks for restructuring of debt to the tune of USD 3.7 billion (about Rs 23,000 crore).
Mar 19, 2015, 17:53 PM IST
PSU bank chiefs selection: Pvt bankers can apply, too
In a bid to attract talent from a wider pool, the Finance Ministry has invited private sector bankers, besides the regular public sector executives, to apply for the top job at five large state-owned lenders.
Feb 26, 2015, 19:22 PM IST
RBI expresses concern over delay in appointing heads of banks
Expressing concern over the delay in appointing heads of three large public sector lenders, RBI Deputy Governor S S Mundra said that the central bank has urged the government to expedite the process in this regard.
Feb 26, 2015, 19:18 PM IST
PNB raises Rs 1000 crore through long term bonds
Public sector lender Punjab National Bank on Tuesday said it has raised Rs 1,000 crore through long term bonds on private placement basis.
Feb 10, 2015, 11:52 AM IST
Govt to infuse Rs 6,990 crore in 9 public sector banks; SBI leads the pack
Government will soon infuse Rs 6,990 crore in nine public sector banks including SBI, Bank of Baroda (BoB), Punjab National Bank (PNB) for enhancing their capital and meeting global risk norms.
Feb 07, 2015, 14:55 PM IST
PNB net profit up 2.5% to Rs 775 crore
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.
Feb 03, 2015, 12:37 PM IST
