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Punjab National Bank

What Will PSB Mergers Mean For Customers, Employees And Shareholders?
With a motive to strengthen the public sector banking (PSB) business, Finance Minister Nirmala Sitharaman, on Friday, announced the consolidation of 10 PSBs into 4. These mergers will take time to be implemented, however, stakeholders of the decision, that is, the customers, ...
What Will Psb Mergers Mean For Customers Employees And Shareholders

PNB And Allahabad Bank Launch Repo Rate-Linked Loans
On Tuesday, Allahabad Bank and Punjab National Bank informed of the launch of their retail loan products which will be linked to the Reserve Bank of India's repo rate as an external benchmark.{photo-feature}...
Punjab National Bank Reports A Profitable June Quarter
Punjab National Bank (PNB) on Friday reported a net profit of Rs 1,018.6 crore for the June-ended quarter as against a loss of Rs 940.01 crore in the same period, last year. The lender's profit was despite the increase in net ...
Punjab National Bank Reports A Profitable June 2019 Quarter
PNB Stocks Falls 10% After Reporting Bhushan Steel Fraud
Shares in Punjab National Bank fell as much as 10 per cen to Rs 73.80, after the bank said it had detected fraud with regards to Bhushan Steel Account. "On the basis of Forensic Audit Investigation findings and CBI filing FIR, ...
Pnb Stocks Falls 10 After Reporting Bhushan Steel Fraud
PNB Shares Slump On Detecting Another Fraud
On Monday, shares of Punjab National Bank (PNB) slipped by close to 8 percent after the lender reported that another fraud related to accounts of Bhushan Power & Steel Ltd at its Chandigarh, Dubai and Hong Kong branch with an exposure ...
PNB Reports Net Loss Of Rs 4,750 Crore For Q4
For the January-March 2019 quarter, Punjab National Bank (PNB) reported a net loss of Rs 4,750 crore on Tuesday. An improvement in asset quality and provision coverage ratio was also seen for the quarter under review. In the corresponding period last ...
Pnb Reports Net Loss Of Rs 4 750 Crore For Q
PNB To Sell Partial Stake In PNB Housing Finance
On Friday, state-run Punjab National Bank (PNB) said in a regulatory filing that it will be selling a part of its stake in PNB Housing Finance to General Atlantic and Varde Partners for Rs 1,851.60 crore. The lender said that it ...
PSU Banking Shares Maybe Good Bets Now
Government owned banking shares are showing some signs of life. The flurry of activity and the seriousness among these banks to clean-up the NPA mess, may result in some of these banks being worthy investments. However, the bets can be placed ...
Psu Banking Shares Maybe Good Bets Now
PNB Reports Hefty Q4 Loss at Rs 13,417 Crore
Punjab National Bank (PNB) reported a net loss of Rs 13,420 crore for the quarter ended March 2018, affected by the Nirav Modi-Mehul Choksi fraud of Rs 13,000 crore. In the year-ago period, PNB had reported a profit of Rs 262 ...
Pnb Reports Hefty Q4 Loss At Rs 13 417 Crore
PNB Housing Finance Plunges Over 7% On Block Deals
Shares of PNB Housing Finance tumbled over 7 percent on the Bombay Stock Exchange after exchange data showed that nearly nine percent of the total equity of the company changed hands over the counter via multiple block deals. According to ...
Pnb Housing Finance Plunges Over 7 Percent On Block Deals
Customers' Money Safe With Us, Says PNB
Facing heat over nearly Rs 13,000 crore scam, Punjab National Bank yesterday said money of customers is safe and asserted that there would be zero tolerance towards unethical practices. Urging customers not to believe in any rumours, the bank assured that ...
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