NCLT Accepts CIRP Against Gitanjali Gems Filed By ICICI Bank
The National Company Law Tribunal (NCLT) has admitted the insolvency petition filed by ICICI Bank Ltd. against Gitanjali Gems Ltd promotor Mehul Choksi. This is...
Tag : PNB
PNB Seeking Infusion Of Rs. 5431 Crores From Government
Punjab National Bank (PNB) issued a statement to the stock exchanges, describing its plans to seek Rs. 5,431 crores capital support from the government after...
PNB to put on sale 3 NPAs
Punjab National Bank (PNB) to put on sale three non-performing assets (NPAs), worth Rs.136 crore. In the invite for expression the bank stated, “We intend to place...
PNB divests stake worth Rs.109 crore in Icra
Punjab National Bank (PNB) has divested 3.33% stake in rating agency Icra for nearly Rs.109 crore, through open market transactions. As per the block deal data available...
PNB posts Rs.13,417 crore net loss in Q4
Punjab National Bank (PNB) has posted a net loss of Rs.13,416.91 crore, for the quarter ended March 2018. The bank in the same quarter a year ago,...
UCO Bank discloses exposure of USD 412 mn in PNB fraud case
UCO Bank has disclosed exposure of USD 411.82 million, in fraudulent transactions carried at Punjab National Bank (PNB). As per the bank’s filing to the Bombay...
PNB detects fraudulent transactions worth USD 1.7 billion
Punjab National Bank (PNB), has detected some fraudulent transactions worth USD 1,771.7 million in its Mumbai branch. In a BSE filing the bank stated, “The...
PNB to raise up to Rs.5,000 crore through QIP
Punjab National Bank (PNB) has started the process of raising up to Rs.5,000 crore via qualified institutional placement (QIP). In a regulatory filing to the...
PNB gets shareholder’s approval for raising Rs.5,000 crore
Punjab National Bank (PNB) has received an approval, from shareholders for raising Rs.5,000 crore either via Qualified Institutional Placement (QIP) or rights issue. In a regulatory...
PNB reports 2% YoY increase in Q2 net profit
Punjab National Bank (PNB), has reported 2% increase in net profit at Rs.560.58 crore for the Q2, against Rs.549.36 crore in the corresponding quarter last...