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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Fri, Dec 06, 2019
In conversation with SS Mallikarjuna Rao, MD and CEO of Punjab National Bank. To know more watch the video
Fri, Nov 08, 2019
The accounts that turned up to be an NPA account and added to the slippage in this quarter include Jet Airways. Besides, the retail, agriculture and MSME (RAM) has a contribution of around Rs3,000 crore to the slippage of the quarter. Thus, total slippage stands around Rs11,000-12,000 crore in the first half of the year.
Tue, Nov 05, 2019
The bank has made Rs 2,928.90 crore in provisions for the quarter, which were 44 per cent higher than Rs 2,023.31 crore provisions made in the previous June quarter but 70 per cent lower than Rs 9,757.90 crore provisions the bank made crore in the year-ago quarter.
Overall the market is bullish. The Nifty has sustained above the psychological 11,900 levels and has strong support there. If it opens above 11,900 tomorrow, then we can still expect the 50-stock index to hit 12,100 levels, say experts.
Sun, Oct 20, 2019
It is against the merger of banks such as Punjab National Bank (PNB) with United Bank of India and Oriental Bank of Commerce, Syndicate Bank with Canara Bank; Allahabad Bank with Indian Bank, and Andhra Bank with Corporation Bank and Union Bank of India.
Tue, Oct 01, 2019
SS Mallikarjuna Rao has been appointed the new Punjab National Bank CEO. This announcement comes after deliberations were carried on the basis of a shortlist of eligible candidates prepared earlier.
Thu, Sep 05, 2019
Bank loan: Yes, money on tap will be made available by public sector banks to all borrowers. Applicants can now get an in-principle approval for loans within 59 minutes through 19 public sector banks including STate Bank of India (SBI), Punjab National Bank (PNB), Bank of Baroda and Union Bank of India.
Fri, Aug 30, 2019
Sitharaman said that this consolidation of banks will have 82% business, rest will vest with others.
Sun, Aug 04, 2019
Reserve Bank of India (RBI) has imposed few hefty penalties on some public sector banks for delay in reporting loan frauds.
Fri, Aug 02, 2019
Punjab National Bank (PNB) Fixed Deposit rates on select maturities have been revised again.
Tue, Jul 30, 2019
Sunil Mehta, Managing Director & Chief Executive Officer, Punjab National Bank, speaks about the quarter 1 results, fraud at Bhushan Steel and NPAs during an interview with Zee Business.
Fri, Jul 26, 2019
PNB reported a net profit of Rs 1,018.63 crore for the quarter ended June 30, 2019 (Q1FY20) compared to the Rs 940 crore loss it reported during the corresponding quarter in the previous financial year.
PNB shares performed well on BSE today. They were trading 2.95 per cent higher at Rs 68 after the announcement of quarterly results, while the benchmark BSE Sensex was almost flat at 37,882 at around 3.58 pm.
Thu, Jul 25, 2019
The board of Punjab National Bank is scheduled to meet today, July 25, 2019, to consider and approve the proposal to raise Rs5,000 crore in equity capital.
Tue, Jul 23, 2019
DHFL, PC Jeweller, Minda Industries and Can Fin Homes stocks were among the top gaining stocks today while GRUH Finance, Bandhan Bank, PNB and Shriram Transport Finance were among the top losing stocks in the intraday trade.
Mon, Jul 15, 2019
Allahabad Bank share price has crashed around 10 per cent in the intraday trade after the bank officials reported the Bhushan Power & Steel Ltd fraud of Rs 1,774.82 crore.
Tue, Jul 09, 2019
Modi 2.0 government levying surcharge of an additional 3 per cent on the trusts investing in Indian equities on their STCG hasn't gone down well among the FIIs.
PNB Scam effect: Amid heavy sell0ff by FIIs, the Punjab National Bank scam of Rs 3,800 have done further damage to the PNB share price.
Mon, Jul 08, 2019
From July 05 to July 08, 2 market days (Friday and Monday) a breathtaking Rs 5.61 lakh crore worth of investor wealth has been wiped out.
Banking benchmark index, Bank Nifty shredded over 900 points on Monday, the week's opening trading session before pulling back slightly at the fag end of trading day.
There are certain stocks that came in news after the market was closed on Friday and can play a role in setting the direction of the indices today.
Sun, Jul 07, 2019
Punjab National Bank (PNB) has reported another big fraud worth Rs 3800 crore.
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