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Punjab National Bank

PNB shares notch new 52-week high as Street cheers increase in profit guidance for FY24

PNB shares notch new 52-week high as Street cheers increase in profit guidance for FY24

Mon, Jan 29, 2024

Furthermore, given the stellar results, the state-run lender raised its profit guidance for the ongoing fiscal year to Rs 7,000–Rs 7500 crore.

PNB stock off to a poor start despite PSU bank revealing impressive numbers in Q3 updates

PNB stock off to a poor start despite PSU bank revealing impressive numbers in Q3 updates

Wed, Jan 03, 2024

The development came on a day when the Nifty Bank index was trading lower by 0.49 per cent, or 236.10 points, at 47525.55 at 9:42 am.

Punjab National Bank Fundraise News Boosts Stock; Hits 52-Week High | Stock Market News

Punjab National Bank Fundraise News Boosts Stock; Hits 52-Week High | Stock Market News

Fri, Dec 29, 2023

Punjab National Bank (PNB) shares surged in morning trade after announcing a Rs 7,500 crore capital raise plan. The stock jumped to a new 52-week high of Rs 96.55 but later retreated amidst profit booking. Analysts foresee potential further gains, with targets of Rs 110 if the stock surpasses Rs 100 on closing basis.

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Another PNB fraud exposed: Official held, fraudsters get Rs 7.5 crore for 'free'! Shocking details here

Another PNB fraud exposed: Official held, fraudsters get Rs 7.5 crore for 'free'! Shocking details here

Sun, Sep 23, 2018

Getting a bank loan is not an easy task for millions of genuine people in many parts of the country. But for the fraudsters, it is apparently getting easy these days.

PNB fraud: Mehul Choksi seeks cancellation of NBW over threat to life on TV

PNB fraud: Mehul Choksi seeks cancellation of NBW over threat to life on TV

Sat, Sep 22, 2018

On Friday, Gitanjali Group owner Mehul Choksi, moved a special CBI court claiming danger to his life after his return to India and sought cancellation of a non-bailable warrant issued against him.

PNB+Indian Bank+IOB and Canara+Syndicate+UCO mergers next? What BoB, Vijaya, Dena bank merger says

PNB+Indian Bank+IOB and Canara+Syndicate+UCO mergers next? What BoB, Vijaya, Dena bank merger says

Tue, Sep 18, 2018

Centre will merge these banks next? As per this BoB, Vijaya, Dena Bank merger ''formula'', the answer is in the affirmative. The likely targets? PNB, Indian Bank, IOB; Canara, Syndicate, UCO

Have PNB cheques? Beware! Bank may reject them; get solution

Have PNB cheques? Beware! Bank may reject them; get solution

Fri, Sep 07, 2018

PNB cheques: The bank has asked its customers to get their non-CTS compliant cheques replaced.

Punjab National Bank NPA woes: Big wilful defaulters list out; check 18 names here

Punjab National Bank NPA woes: Big wilful defaulters list out; check 18 names here

Mon, Aug 27, 2018

Big wilful defaulters are those who took loans of over Rs 25 lakh from the bank. Such borrowers had an outstanding of Rs 15,355 crore at end of June this year.

To checkmate India, Nirav Modi aides make big move in US court in PNB fraud case

To checkmate India, Nirav Modi aides make big move in US court in PNB fraud case

Mon, Aug 13, 2018

Pushed to a corner, Nirav Modi aides Mihir Bhansali and Rakhi Bhansali have moved a US court, seeking quashing of Punjab National Bank’s (PNB) subpoenas issued to the husband-wife duo who allegedly have information relevant to the state-run lender’s claims against Modi-controlled American firms.

Punjab National Bank Shocks Again!

Punjab National Bank Shocks Again!

Wed, Aug 08, 2018

Nirav Modi case is still fresh in everyone's minds, but Punjab National bank (PNB) continues to shock with the state of its affairs. Its performance has been abysmal it has been revealed.

Punjab National Bank crisis goes from bad to worse, check out massive loss

Punjab National Bank crisis goes from bad to worse, check out massive loss

Wed, Aug 08, 2018

Punjab National Bank (PNB) on Tuesday reported a Rs 940 crore loss in the quarter ended June 30 as bad loans continued to haunt the bank. If it was not for a tax writeback of Rs 623 crore, the loss would have been steeper. The bank had posted a net profit of Rs 343.40 crore in the year-ago period.

Capital infusion in Punjab National Bank, Andhra Bank, others credit positive: Moody's

Capital infusion in Punjab National Bank, Andhra Bank, others credit positive: Moody's

Wed, Jul 25, 2018

The government will infuse Rs 2,816 crore in Punjab National Bank (PNB), Rs 1,790 crore in Allahabad Bank, Rs 2,019 crore in Andhra Bank, Rs 2,157 crore in Indian Overseas Bank and Rs 2,555 crore in Corporation Bank.

Top 5 stocks in focus on July 24: Idea Cellular, Syngene to PNB; here are 5 newsmakers of the day

Top 5 stocks in focus on July 24: Idea Cellular, Syngene to PNB; here are 5 newsmakers of the day

Tue, Jul 24, 2018

Idea and Vodafone India merger have moved a step closer as they have paid their dues to the Department of Telecom (DoT) on Monday. The dues include Rs 3,926 crore in cash and Rs 3,322 crore in bank guarantees, totalling Rs 7,246 crore.

IndiGo, Punjab National Bank among key stocks trending on Dalal Street today

IndiGo, Punjab National Bank among key stocks trending on Dalal Street today

Tue, Jul 24, 2018

Vodafone India and Idea Cellular and are likely to pay up the Rs 7,268 crore in dues towards spectrum charges demanded by the government to get final nod from the Department of Telecommunications (DoT) as any recourse to litigation would mean potential delay in the $23 bn merger.

Centre to infuse capital in these 5 public sector banks; stocks tank after soaring

Centre to infuse capital in these 5 public sector banks; stocks tank after soaring

Wed, Jul 18, 2018

Indian Overseas Bank shares surged as much as 13.8 per cent to their highest since June 26. PNB share price gained as much 4.1 per cent to Rs 81.95 its highest in over 3 weeks, while Corporation Bank shares hit 4-week high rising as much as 10.1 per cent to Rs 28.95.

PNB collects Rs 151.66cr as below min balance penalty in FY18

PNB collects Rs 151.66cr as below min balance penalty in FY18

Tue, Jul 17, 2018

"During the FY 2017-18, a total penalty of Rs 151.66 crore has been recovered due to non-maintenance of minimum balance in 1,22,98,748 savings fund accounts," PNB replied in response of a query filed by RTI activist Chadra Shekhar Gaud.

PNB scam: Nirav Modi's fraud brings 50 wealthy Indians under radar of IT department

PNB scam: Nirav Modi's fraud brings 50 wealthy Indians under radar of IT department

Sat, Jul 14, 2018

A official source told PTI, the Income Tax Department has decided to re-assess the tax returns of over 50 high net-worth individuals who purchased costly jewellery from firms owned by absconding diamantaire Nirav Modi.

PNB Housing Finance gains 7% after parent says to sell 51% stake; PNB shares slip by 3%

PNB Housing Finance gains 7% after parent says to sell 51% stake; PNB shares slip by 3%

Wed, Jul 11, 2018

PNB has no option but to recover the nearly Rs 14,356.84 crore scam created by two jewelers Nirav Modi and Mehul Choksi. Hence, a stake sale in profit making PNB Housing is one way to stay afloat in banking system.

PNB's big wilful defaulters' dues fall to Rs 15,354 cr in June

PNB's big wilful defaulters' dues fall to Rs 15,354 cr in June

Sun, Jul 08, 2018

The data on big wilful defaulters is pertaining to those borrowers who took loan of Rs 25 lakh and above from the public sector lender. Such borrowers had an outstanding of Rs 15,490 crore at the end of May 2018.

Nirav Modi impact: Punjab National Bank to close most operations in this Mumbai branch

Nirav Modi impact: Punjab National Bank to close most operations in this Mumbai branch

Wed, Jul 04, 2018

The Punjab National Bank (PNB) is closing nearly all its operations in a Mumbai branch that was at the heart of a $2 billion fraud, according to four sources with knowledge of the decision.

Nirav Modi firms availed loans from PNB's Hong Kong, Dubai branches too: Report

Nirav Modi firms availed loans from PNB's Hong Kong, Dubai branches too: Report

Wed, Jun 27, 2018

As per the report, Nirav Modi group companies Firestar Diamond Ltd Hong Kong and Firestar Diamond FZE Dubai availed some credit facilities from the Hong Kong and Dubai branches of Punjab National Bank (PNB) as well.

PNB fraud: Bank's own research shows lapses at many levels

PNB fraud: Bank's own research shows lapses at many levels

Wed, Jun 20, 2018

PNB, India's second-biggest state-controlled lender, has previously alleged that a handful of staff at a single Mumbai branch issued fake bank guarantees over several years to help two jewellery groups - controlled by Indian diamond magnate Nirav Modi and his uncle Mehul Choksi - raise billions of dollars in foreign credit and commit India`s biggest-ever bank fraud.

PNB seeks power from US court to summon Nirav Modi for oral examination

PNB seeks power from US court to summon Nirav Modi for oral examination

Tue, Jun 19, 2018

State-owned Punjab National Bank (PNB) has sought from a US court the power to issue subpoenas compelling the oral examination, under oath, of Mihir Bhansali, Rakhi Bhansali, Ajay Gandhi, Kunal Patel and Nirav Modi.

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