RBI Penalised Five Indian Banks For Regulatory Non-Compliance in First Week of July
In the first week of July, the Reserve Bank of India (RBI) took action against five banks for not following various RBI rules. The latest...
Tag : PNB
Top 5 PSU Bank Stocks to Watch for Investment in India in 2024
Public Sector Undertakings (PSU) Banks in India are financial institutions where the majority stake (i.e., more than 50%) is held by the Ministry of Finance...
PNB Housing Shares Surge Over Recovery of Rs 784 Crore NPA Account
Shares of PNB Housing Finance steered close to their 52-week high after the company told the stock exchange about its recovery of a significant NPA...
UTI AMC Soars 15% on Heavy Volume, Trades to 4-Month High Amid Tata Deal Boom
Shares of UTI Asset Management (AMC) hit a more than four-month high of Rs 890.30, surging 15% on the BSE in intraday trade on Monday...
Loans to Get More Expensive as Banks Raise Lending Rates After RBI Hike
Equivalent monthly instalments (EMIs) and borrowing costs will become more expensive as major Indian banks raise lending rates or after the RBI hikes its key...
Yield Rise Erodes Bank Profits in Q1, SBI worst hit, Canara Gains
A jump in bond yields during the June quarter of 2022 negatively impacted all large lenders. Of eight major banks, only two have escaped losses....
PNB Housing Raises $100 Mn in its First ECB This Fiscal Year
PNB Housing Finance has raised $100 million (Rs 690 crore) from International Finance Corporation (IFC), in its first external commercial borrowing this fiscal. The fund...
Four Banks Fined By RBI For Violating KYC Norm
The Reserve Bank of India has forced a penalty of Rs 1.75 crore on four public sector banks, including Punjab National Bank and UCO Bank,...
PNB Booked Loss This Quarter, CEO Sunil Mehta Explained The Cause
Punjab National Bank (PNB) slipped into the red, incurring net losses of Rs 4,750 crore in the January-March quarter, after posting a net profit of...
PNB Deepened Q4 Loss To Rs 4,750 Crore
On Tuesday, Punjab National Bank said that the last quarter of fiscal has deepened its loss to Rs 4740 crore which ended in March 2019....