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Latest Articles in Punjab National Bank PNB
Customer Focussed
The key productivity parameter, business per employee, also increased to Rs 19.41 crore as on March 31, 2022. The domestic and global net interest margin (NIM) for PNB stood at 2.79 per cent and 2.71 per cent respectively, in FY22
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Punjab National Bank Joins Account Aggregator Ecosystem
The Account Aggregator Ecosystem which went live in September 2021 has seen active participation from private and public sector banks
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Punjab National Bank Looking To Further Dilute Its Stake In UTI Mutual Fund
State-owned Punjab National Bank (PNB) on Friday said it is looking to further monetise its stake in UTI Mutual Fund as part of its non-core asset sale plan to shore up its capital base.
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PNB To Sell National Steel & Agro Industries To Recover Dues Of Rs 200 Cr
For the prospective bidder to expedite the process of due diligence exercise and for verification purposes of the buyer, the bank said it will make all possible efforts to bring copies of documents at one place.
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Nirav Modi UK Extradition Appeal To Be Heard On December 14
High Court judge Martin Chamberlain had ruled on August 9 that arguments presented by Modi's legal team concerning his severe depression and high risk of suicide were arguable at a substantial hearing.
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PNB Earns Rs 170 Cr In FY21 By Levying Charges On Non-Maintenance Of Minimum Balance: RTI
The quarterly average balance (QAB) in the April-June period of 2020-21 stood at Rs 35.46 crore (both on savings and current account); while no such charges were levied in the second quarter of FY21.
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PNB Cuts Rate On Home Loan Above Rs 50 Lakh By 0.5%; RLLR By 0.25%
"PNB has announced that now home loans are offered at 6.60 percent irrespective of any upper ceiling limit," it said in a statement. The state-owned lender said the rate will be linked with the applicant's credit score.
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Abundantia Entertainment Developing Series On Nirav Modi
Nirav Modi is wanted in India to face charges of fraud and money laundering in the estimated USD 2 billion Punjab National Bank (PNB) scam case.
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PNB Gets Green Signal To Collects Rs 6,000 Crore Via Bonds
Punjab National Bank's (PNB) board met on Friday, approved the raising of the capital of up to Rs 6,000 crore via issuance of Basel-III compliant Additional Tier-1 (AT-1) Bonds and Additional Tier-II bonds or a combination of both.
Read MorePNB Waives Service Charge, Processing Fee On Retail Products
The Delhi-headquartered lender said it is confident of seeing an encouraging revival in overall consumer spending, which will help boost its credit portfolio.
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FinMin Moves File For Extension Of 3 Mds, 10 Eds Of Govt-Owned Banks
The sources said the ministry has also recommended the Department of Personnel and Training (DoPT) for extension of 10 executive directors (EDs) of various public sector banks.
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Nirav Modi's Sister Sends Rs 17.25 Crore From UK Account To Indian Govt: ED
Nirav Modi is presently lodged in a UK jail and has lost his extradition plea to India in connection with the alleged USD 2 billion loan fraud at the Brady House branch of Punjab National Bank (PNB) in Mumbai.
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Canara Bank To Be Lead Sponsor Of Bad Bank, To Pick Up 12% Stake
Finance Minister Nirmala Sitharaman in Budget 2021-22 announced that the high level of provisioning by public sector banks of their stressed assets calls for measures to clean up the bank books.
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PNB Cuts One-Year MCLR By 0.05 %
The six-month and three-month tenor MCLRs were cut by 0.10 per cent each to 7 per cent and 6.80 per cent
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PNB Launches Digital Initiative [email protected]
PNB announced other digital initiatives such as instant opening of online saving account via video-KYC, insta pre-approved loan, insta demat account and insurance facility through internet and mobile banking services.
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