PNB

  • We've right to be represented by lawyers: Kingfisher Airlines to HC October 13, 2014

    New Delhi: Ailing Kingfisher Airlines, facing proceedings initiated by lending bank PNB to declare it and its guarantors Vijay Mallya and UBHL as wilful defaulters, on Monday told the Delhi High Court that it has the right to be represented by lawyers before the bank's panel. "Unless, a law specifically...
  • SBI takes lead in opening bank accounts under 'Jan Dhan Yojana' September 11, 2014

    New Delhi: State Bank of India has taken the lead in flagship Jan Dhan Yojana by opening over 30 lakh accounts so far, followed by Punjab National Bank. As of September 8, State Bank has opened about 21.16 lakh accounts in rural areas and 8.8 lakh accounts in urban areas,...
  • 170 stocks hit 52-week low amid market crash September 3, 2013

    Mumbai: Hit by massive sell-off in the stock market, as many as 170 stocks touched their one-year low on the BSE on Tuesday, with the benchmark Sensex plummeting over 650 points. Among stocks that hit their 52-week low include PNB, Tata Chemicals, IDBI Bank, City Union Bank, Corporation Bank, Federal Bank, Andhra...
  • Difficult to cut interest rates soon: Banks May 3, 2013

    Mumbai/ New Delhi: Big banks say it will be difficult for them to pass on the benefit to customers even though the Reserve Bank of India (RBI) cut repo rate by 25 basis points on Friday even though the cash reserve ratio was left untouched. The banks say RBI's move...
  • Sharapova aiming for rare double at Key Biscayne March 20, 2013

    Florida: After winning the PNB Paribas Open last week, Maria Sharapova is aiming for a rare double when she lines at the Sony Open. Only two players in WTA history have won back-to-back Indian Wells and Key Biscayne titles: Steffi Graf in 1994 and 1996, and Kim Clijsters in 2005....
  • No formal communication from banks yet: Kingfisher February 16, 2013

    New Delhi: With banks planning to monetise Kingfisher Airlines' securities to recover a debt of about Rs 7,000 crore, the grounded carrier today said it was continuing discussions with its lenders and had not received any formal communication from them on the matter. "We have received no formal communication from...
  • PNB net profit down 11.6 pc to Rs 1,065.58 cr in Q2 October 26, 2012

    New Delhi: Sharp rise in nonperforming assets (NPAs) pulled down the net profit of Punjab National Bank by 11.6 per cent to Rs 1,065.58 crore in the second quarter ending September 30. The country's second largest public sector bank had posted a net profit of 1,205.03 crore in the yearago...
  • PNB lowers home, car loans interest rates September 3, 2012

    New Delhi: Stateowned Punjab National Bank (PNB) on Monday slashed interest rates on home loan and car loans by up to 0.5 per cent. In the housing loan segment, rate has been reduced by 0.25 per cent while interest rate on car loans has been slashed by 0.5 per cent...
  • Fitch revises Indian FIs' rating to negative June 20, 2012

    New York: Fitch Ratings has revised the Outlook on the 'BBB' LongTerm (LT) Foreign Currency (FC) Issuer Default Rating (IDR) of Indiabased financial institutions to Negative from Stable, while affirming the rating. These include six government banks (including an international banking subsidiary of a government bank), two private banks, two wholly...
  • Major fire in PNB at New Delhi's Parliament Street May 23, 2012

    New Delhi: A major fire broke out in a building housing Punjab National Bank in New Delhi's Parliament Street on Wednesday. Although many people were trapped inside the building but fire officials managed to rescue all, and there were no casualties. Twentyfive fire tenders were rushed to the spot and fire...
  • Govt to infuse Rs 18,000 cr in 12 PSU banks February 3, 2012

    New Delhi: The Finance Ministry will be infusing Rs 18,000 crore in the current fiscal in 12 banks, including SBI, and will be seeking supplementary grants from Parliament in the Budget session. "There are 12 banks in which we will infuse money in 201112. The amount...
  • Banks examining options for AI's debt recast January 19, 2012

    Mumbai: Bankers on Thursday explored various options including conversion of the Rs 18,000 crore loans to SLR as part of the debt restructuring of the ailing Air India carrier and may finalise the bailout package next week. "We are looking at various instruments like SLR, longterm bonds and nonconvertible debentures among...
  • SBI contemplating further cut in lending rates: Bhatt February 2, 2009

    New Delhi: The country's top public sector lender, State Bank of India, on Monday said it is considering further reduction in lending rates. "There is thinking (on these lines)," SBI Chairman O P Bhatt said when asked if there is a possibility of reducing the benchmark prime lending rate (PLR) by...
  • Banks may reduce both lending, deposit interest rates October 16, 2008

    New Delhi: The successive cuts in cash reserve ratio (CRR) ratio by the Reserve Bank of India (RBI) and the sharp fall in inflation has renewed expectations of a interest rate cut by banks. After Punjab National Bank (PNB) announced that it would be cutting its home loan rates, sources in...
  • FM indicates rate cut to give consumers a breather January 5, 2008

    Mumbai: Finance minister, P Chidambaram has indicated the need for a rate cut and thinks it's time that the consumers got a breather. "The interest rates in 2008 will remain steady. There won't be large variations in the interest rates whether up or down, says Deepak Parekh, HDFC Bank. However this seems...
  • PNB follows suit, hikes lending rates April 4, 2007

    New Delhi: Country's second largest public sector lender Punjab National Bank (PNB) announced a possible hike in its Prime Lending Rate in the range of 25 to 50 basis points on Tuesday. Most private banks including the ICICI and HDFC have already hiked their lending rates. With public sector banks too...
  • PNBs rate hike wont impact homeloans December 29, 2006

    New Delhi: Following the hike in prime lending rate (PLR) by country's largest lender State Bank of India, Punjab National Bank revised its lending rates from 11.50 per cent per annum to 11.75 per cent per annum. The increased rate will be applicable from January 1, 2007. The bank sources...