PNB | The Asian Age

Saturday, Apr 20, 2024 | Last Update : 12:58 AM IST

PNB Page-3

All chief technical officers and chief risk officers of PSBs are participating in a workshop here, which is coordinated by SBI on issues of Operational and Technological Risk Management. (Photo: PTI)

Except for PNB, no unauthorised LoUs issued by PSBs: SBI official

RBI has stopped banks from issuing LoUs and Letters of Comfort for trade finance for imports into the country.

15 Mar 2018 3:54 PM

Given the higher NPAs and weak capitalisation of PSBs, ICRA had earlier projected private sector banks market share in the banking sector advances to increase to 38 per cent – 40 per cent by 2020 from 27.5 per cent as on March 31, 2017. (Representational image)

PSBs to lose biz to private banks

Industry experts believe that the higher non performing assets (NPA) coupled with several instances of loan frauds.

03 Mar 2018 2:43 AM

PNB increased its loan prices by 15 bps to 8.30 per cent. (Photo: PTI)

Home, auto loan EMIs to go up as SBI, PNB hike lending rates

SBI raised its one year MCLR (marginal cost of fund-based lending rate) by 20 basis points to 8.15 per cent.

02 Mar 2018 11:12 AM

The bank has been scammed to the tune of Rs 12,700 crore by Modi and associates. (Photo: AFP)

RBI conducts risk-based supervision on annual basis: PNB

RBI has not conducted any audit at PNB's Brady House branch in Mumbai.

01 Mar 2018 1:12 PM

Since February 14, when the scam broke, the stock has fallen as much as 37 per cent on BSE. (Photo: PTI)

PNB stock cracks 6 per cent to hit to 20-month low

Stock on Wednesday fell to an intra-day low of Rs 92, down 6.45 per cent over its previous closing price on BSE.

28 Feb 2018 10:56 AM

While the shares of PNB crashed 12.90 per cent, the shares of other state lenders too suffered investors wrath with Bank of India and IDBI Bank tanking 7.82 per cent and 5.89 per cent respectively.

Bank stocks take a beating as Fraud in PNB widens

However, he believes that the recent steep correction in the bank stocks have given a very good opportunity for long-term investors.

28 Feb 2018 12:27 AM

State-run bank said amount of fraudulent transactions could be Rs 1,300 crore more than current estimate of about Rs 11,400 crore.

PNB stock slumps 9 per cent to hit 52-week low

Shares of the company opened weak at Rs 107.80, then cracked 8.75 per cent to a 52-week low of Rs 102.10 on the BSE.

27 Feb 2018 10:28 AM

FPIs turn sellers of equities in February

According to experts, FPIs have created bearish bets in the futures markets suggesting that the underlying sentiments still remains subdued.

26 Feb 2018 6:23 AM

The Rating Watch Negative reflects the possibility of a downgrade of PNB's Viability Rating. (Photo: File)

Fitch puts PNB on 'Rating Watch Negative', hints at downgrade

Fitch Ratings has placed PNB's Viability Rating of 'bb' on Rating Watch Negative, following the large fraud reported by the bank.

20 Feb 2018 11:21 AM

Rotomac owner pens bank fraud

Kothari took letters of credit worth Rs 3,000cr to make use of interest rate differential in foreign countries.

20 Feb 2018 1:22 AM

Punjab National Bank MD and CEO Sunil Mehta

PNB needs 6 months for normalcy: Sunil Mehta

During a conference call with investors, he said that the bank had more than sufficient capital as mandate by regulations.

17 Feb 2018 1:29 AM

Apart from Sebi and exchanges, they are being probed by CBI and Enforcement Directorate among other agencies. (Photo: PTI)

Sebi launches probe into trading, disclosure issues at PNB, Gitanjali Gems

Sebi and stock exchanges have begun analysing the stock market trade details of all entities associated with Modi.

16 Feb 2018 3:28 PM

The BSE bank index also rose by 1.90 per cent to trade at 29,450.39. (Photo: PTI/File)

Bank stocks surge up to 6 pc as Moody's ups India rating

The broader market also cheered the news as the BSE Sensex jumped 331.72 points to trade at 33,438.54.

17 Nov 2017 12:17 PM

A Broker checks changing share prices at BSE. (Photo: PTI)

Banks' recap: PNB surges 32 per cent, Bank of India 24 and SBI 20 per cent

Also, Andhra Bank was quoting 14.96 per cent higher, Allahabad Bank 12.70 per cent and Syndicate Bank 12.11 per cent.

25 Oct 2017 12:09 PM

PNB customers will have to shell out money beginning October if they carry out more than five transactions a month from the bank's ATMs.

PNB customers to pay for more than 5 ATM transactions from October

The revised charges will be effective from October 1, 2017, the bank said in a notice.

10 Sep 2017 4:33 PM

Punjab National Bank (PNB) has put nine of its large stressed accounts for resolution under Insolvency and Bankruptcy Code 2016.

PNB directs 9 bad loan accounts for insolvency resolution

The Reserve Bank earlier in June had asked banks to finalise a resolution plan within six month to resolve bad loans.

08 Aug 2017 8:44 PM

Bajaj Allianz will ensure a seamless and instant insurance experience to the banks urban as well as rural customers.

PNB ties up with Bajaj Allianz General for distribution

The bank has widespread network of around 7,000 branches.

27 Jul 2017 10:14 AM

Even under the RTI response, all public sectors banks have washed their hands of any responsibility. (Representational image)

PSBs not liable for loss of items

This bitter truth was disclosed in an RTI response by the Reserve Bank and 19 PSU banks.

26 Jun 2017 3:31 AM

India Post is starting its India Post Payments Bank.

India Post Payments Bank set to start operations

India Post Payments Bank is the third entity to receive payments bank permit after Airtel and mobile wallet Paytm.

04 Feb 2017 10:45 AM

Senior officials at SBI said that the bank’s cost of funds would come down in the coming days due the sudden spike in inflows into the current and savings account.

Cash surge may force banks to raise capital

Experts hint smaller PSU banks will struggle to raise the additional capital following recent deposits.

14 Nov 2016 1:16 AM

3 of 3

Columns

Shobhaa De