PNB Planning To Sell-off Its Assets In Order To Raise Rs. 8600 Crores
Punjab National Bank (PNB), the second largest public sector lender in the country has marked multiple assets, including its housing finance arm, for sale in...
Tag : Punjab National Bank
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...
Punjab National Bank Q3 net profit increases 11.06%
Punjab National Bank has reported a 11.06% rise in net profit at Rs.230.11 crore for the quarter ended December 31,2017. Last year, in the same...
Punjab National Bank to divest entire stake in Principal PNB AMC JV
Principal Financial Group and Punjab National Bank (PNB) has signed shares purchase agreement for giving Principal Group full ownership of the Principal-PNB Asset Management Company...
Punjab National Bank reduces lending base rate to 9.15%
The Punjab National Bank has lowered base lending rate by 20 basis points (bps) to 9.15 percent. From September 1, the new base rate will...
Punjab National Bank has raised Rs 1,500 cr through bonds
The Punjab National Bank (PNB) has raised Rs 1,500 crore through issue of Basel III complaint bonds on a private placement basis. It has said...
Punjab National Bank reports net decline for Q3
On Tuesday, the Punjab National Bank has reported its fiscal third-quarter results in which the net profit has declined 93 percent because of higher provisioning...
PNB has paid Rs 366.32 crore dividend to govt for FY 2015
On Friday, the state owned Punjab National Bank has paid Rs 366.32 crore dividend to government for the fiscal ended March 31. The bank has...
Punjab National Bank lowers fixed deposit rate by up to 0.50 percent
On Wednesday, the state owned Punjab National Bank has reduced interest rate on fixed deposits on select maturities by up to 0.50 percent. PNB said...
PNB slashed fixed deposit rate by 0.25 percent on select matuarities
The Punjab National Bank has slashed the interest rate on fixed deposits by 0.25 percent on select maturities. PNB said that the reduction will be...