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Latest Articles in pnb bank

PNB Asks Tribunal To Quash Jet Airways' Rescue Plan

A consortium of London-based Kalrock Capital and a UAE-based businessman last year agreed to pump in 10 billion rupees as working capital and give funds to creditors of Jet, which was hit hard due to piling up debt in 2019.

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PNB Housing Deal: Carlyle Group, Others Float 'Draft Letter Offer'

PNB's stake in the company will come down to 20.28 per cent from the existing 32.64 per cent, while that of Carlyle will rise to 50.16 per cent from 32.21 per cent.

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PNB Raises Rs 495 Cr Via AT-1 Bonds

The bank has issued and allotted Rs 495 crore Additional Tier - 1 (Basel III Compliant) Capital Bonds at a coupon of 8.6 per cent per annum on private placement basis, PNB said in a regulatory filing.

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Former PNB Chief Manager, Two Associates Held In Delhi For Loan Fraud

In connivance with the accused Sangwan, Sarki and other associates, the manager got a cash credit account opened in the name of Sarki Trading Company allegedly maintained by Sarki.

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PNB Plans To Raise Rs 7,000 Cr From QIP In Dec, Credit Growth To Be Less Than 5%

The bank has already taken approval from the board for raising Rs 14,000 crore by way of Tier II, Additional Tier 1 (AT-1) bonds and QIP (Qualified Institutional Placement)

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CBI Books Ex-PNB Deputy Manager Gokulnath Shetty In Bribery Case

The officials said that after getting confirmation from Dutta, Shetty used to issue LoUs using the international banking messaging service, SWIFT.

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PNB Lights Up Celebrations; Launches‘Festival Bonanza Offer’

Customers can avail of the exciting offer – available till 31st December 2020 - through any of the PNB’s 10,897 branches around the country or via digital channels.

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PNB Reports $491 Million DHFL Loans As Fraud

Indian banking regulations require the provision on an account affected by fraud to be 100%, made over four quarters.

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Ind-Ra Downgrades PNB Housing Finance's NCDs To AA With Stable Outlook

The downgrade reflects challenging operating environment for majority of non-banks in the mid-to-higher ticket size housing loan segment, increasing pressure on asset quality and higher leverage in view of the portfolio composition

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PNB Puts Up For Sale 11 NPA Accounts To Recover Dues Of Rs 1,234 Cr

The lender has invited bids from asset reconstruction companies (ARCs)/ NBFCs/ banks/ financial institutions for 11 NPA accounts.

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PNB Returns To Black, Posts Standalone Net Profit Of Rs 1,019 Cr In Q1

Total income rose to Rs 15,161.74 crore during the June quarter of 2019-20, as against Rs 15,072.41 crore.

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PNB Narrows Q4 Loss To Rs 4,750 Crore

The scam-hit lender had posted a staggering loss of Rs 13,417 crore during the corresponding January-March period of 2017-18.

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CBI Scrutinizes Law Firm Cyril Amarchand in PNB Fraud Investigation After Documents Moved

In what has been dubbed as India's biggest bank fraud, PNB in January alleged that billionaire diamond jeweller Nirav Modi and his uncle had for years fraudulently raised billions of dollars in foreign credit by conspiring with staff at the bank

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PNB Posts Consecutive Quarterly Loss On Fraud-related Provisions

Net loss was Rs 9.40 billion ($136.72 million) for the three months to June 30, compared with a profit of 3.43 billion rupees a year earlier

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PNB refuses to disclose details on over Rs 13,000 cr scam

State-run Punjab National Bank (PNB) has refused to disclose details of the audit or investigation that led to detection of over Rs 13,000 crore fraud at the company, citing a clause that bars any disclosure that can impede the process of investigating or apprehending the offenders.

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