Punjab National Bank

  • Two more arrested in BJP leader Om Vir Singh's murder case June 16, 2014

    Two more persons have been arrested in Muzaffarnagar for allegedly being involved in the killing of BJP leader Om Vir Singh with police on Monday saying that they have also recovered the licensed revolver of the deceased which the assailants had snatched at the time of the crime. According to Circle...
  • Over 30 banks flouting prescribed guidelines: RBI audit report May 30, 2013

    Mumbai: India's banking system is not as strong as expected. An RBI report shows that over 30 banks have failed to follow or enforce various prescribed rules and guidelines. CNBCTV18 has accessed the report of the audits instigated by the RBI after the Cobrapost expose, which shows that 30 banks,...
  • Is the entire banking and finance system prone to money laundering? May 6, 2013

    As many as 23 public and private sector banks and insurance companies were on Monday accused of "running a nationwide money laundering racket" by online portal Cobrapost, prompting the Finance Ministry and regulator IRDA to initiate independent investigations into the matter. ...
  • Money laundering by banks: Govt to begin probe May 6, 2013

    New Delhi: As many as 23 public and private sector banks and insurance companies were on Monday accused of "running a nationwide money laundering racket" by online portal Cobrapost, prompting the Finance Ministry and regulator IRDA to initiate independent investigations into the matter. In its second expose, Cobrapost accused country's leading...
  • RBI should release its audit report on the banks: Aniruddha Bahal May 6, 2013

    Special Investigations website Cobrapost has revealed that 23 banks and insurance companies have been engaged in money laundering. Among the 23 banks involved are mostly PSU banks including some big names like the State Bank of India, Bank of Baroda, Punjab National Bank, Canara Bank, IDBI, Oriental Bank and Dena...
  • 23 banks, insurance firms engaged in money laundering: Cobrapost May 6, 2013

    New Delhi: Special Investigations website Cobrapost has revealed that 23 banks and insurance companies have been engaged in money laundering. Among the 23 banks involved are mostly PSU banks including some big names like the State Bank of India, Bank of Baroda, Punjab National Bank, Canara Bank, IDBI, Oriental Bank...
  • BCCINimbus row: Supreme Court orders banks to deposit Rs. 400 crores April 15, 2013

    Delhi: The Supreme Court on Monday ordered three nationalised banks associated with Nimbus Communications and the BCCI to deposit within 15 days the sum of Rs 400 crore after the Indian cricket board had filed an Special Leave Petition (SLP) regarding the scrapping of the broadcast deal with Nimbus citing...
  • PC to meet heads of PSU banks on March 18 March 10, 2013

    New Delhi: Amid moderation in economic growth, Finance Minister P Chidambaram is likely to prod banks to step up lending at a meeting with heads of public sector banks on March 18. The broad agenda of the meeting include direct benefit transfer, deteriorating asset quality and credit growth. Non-performing assets of...
  • 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...
  • Rajendra Prasad's bank account still active July 4, 2012

    Patna: A total of Rs 1,813 is lying unclaimed in a bank account that India's first president, Rajendra Prasad, opened a few months before he died. Rajendra Prasad opened his account in Punjab National Bank's Exhibition Road branch in Patna on October 24, 1962, a few months before he passed...
  • 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...
  • Guwahati: 2 injured in grenade blast outside bank February 28, 2012

    Guwahati: At least two people have been injured in a grenade blast in Guwahati. The blast took place near Zoo Road outside a branch of Punjab National Bank in Guwahati at around 6:20 PM. Eyewitnesses claimed that the grenade was thrown from a Tata Safari. The injured have been taken to...
  • Fin Min working on impact of 2G order on banks February 2, 2012

    New Delhi: The Finance Ministry is working out the financial implication of the Supreme Court judgement to cancel 122 telecom licences on the banking sector. "We have to see the implication. Officers are working on the impact of judgement on the banks... We will soon have a clear picture," a senior...
  • 2011: 10 stocks we recommend you invest in January 4, 2011

    The change in sentiment is palpable on Dalal Street. Just two months ago, stock market pundits were vying with each other to assign aggressive fair value targets to BSE Sensex and NSE Nifty. The projected earnings of Sensex stocks in 201112, in the range of Rs. 1,2501,275 were quickly discounted...
  • CBI probing 16 companies in housing loan scam May 19, 2011

    New Delhi:The government on Thursday said the income tax department would look into the tax issues relating to the housing loan scam racket. Meanwhile, the deadline for the notices issued by the CBI to 16 companies who allegedly received undue favours in the multicrore housing loan scam ends on Thursday. A...
  • Banks switch to Base Rate, dump old system July 1, 2010

    New Delhi: If you are planning to take a loan perhaps this is the best time to go for it. Interest rates have become more transparent as banks switch to new interest rates system called Base Rate. So what exactly is Base Rate? Starting July 1, 2010 you will know exactly...
  • PSU banks to cut interest rates, says IBA Chairman February 2, 2009

    New Delhi: Heads of state-owned banks are meeting in the capital to take a view on interest rate cuts, which may be more than 50 basis points, and firm up steps to increase the flow of credit to industry, reeling under the impact of slowdown. "Apart from interest rates, there are...
  • PNB Q3 net profit up at Rs 1,005.8 cr January 30, 2009

    New Delhi Punjab National Bank has declares its third quarter results. The company's Q3 standalone NII was up 38.12% at Rs 1,967.4 crore versus Rs 1,424.4 crore, YoY. Its standalone net profit was up 85.61% at Rs 1,005.8 crore versus Rs 541.5 crore, YoY. Its other income was up at Rs 945.2...
  • Punjab National Bank cuts prime lending rate December 29, 2008

    New Delhi: Punjab National Bank (PNB) on Monday reduced its benchmark prime lending rate (BPLR) by 50 basis points from 12.5 per cent annually to 12 per cent from January 1. PNB's revised BPLR shall be applicable for all existing and new accounts for loans and advances. PNB also reduced its...
  • Cyber crime: Five hackers arrested for net banking fraud October 23, 2008

    New Delhi: After a Noida businessman reported the loss of Rs 1.6 crore from his bank account, police have cracked a ring of criminal hackers who exploited several common loopholes in the internet banking system. The Uttar Pradesh police have arrested five hackers who allegedly siphoned off Rs 1 crore 66...
  • RBI cuts repo rate, banks yet to reciprocate October 20, 2008

    New Delhi: The Central Government is working hard to resolve the liquidity problem in the financial system. The government has already pumped in Rs 145,000 crore last week through cash reserve ratio cuts, by providing money for farmer loans and on Monday the Reserve Bank of India (RBI) made another repo...
  • SBI raises lending rate by 100 bps August 11, 2008

    New Delhi: State Bank of India, the country's top lender, will increase its prime lending rate by 100 basis points to an annual 13.75 per cent, effective Tuesday, it said in a statement on Monday. The central bank raised its benchmark lending rate, the repo, last month by 50 basis...
  • Banks hike PLRs, home loans spared June 20, 2007

    New Delhi: It's bad news for people who were planning to take a loan. Interest rates on loans—personal, corporate, advances to small sector industries and agriculture credit above Rs 2 lakh—are likely to shoot high. Country's largest PSU banks, Punjab National Bank, Bank of India and Union Bank of...
  • Home loan lending rates shoot up June 20, 2007

    Mumbai: Vishal Jain, a 36-year-old media professional is in a reflective mood - a sign of desperate times if you are a large home loan consumer. One year ago, Vishal took possession of a two-bedroom flat, but now he is busy calculating his increasing liability. In January last year, Vishal took...
  • PNB revises FCNR, NRE deposit rates June 21, 2007

    New Delhi: Punjab National Bank has revised the rates of interest on Foreign Currency Non-Resident (B) Deposit Scheme for the US dollar, British pound, Euro and the Canadian and Australian dollar with effect from December 1. The interest rate on US dollar deposits has been revised to 5.24 per cent for...
  • PNB revises rates on FCNR deposits November 2, 2006

    New Delhi: Punjab Natioanl Bank on Thursday revised interest rates on (Foreign Currency Non-Resident (Banks) Accounts) FCNR deposits schemes for the foreign currency deposits with effect from November 1. The rate of interest on US dollar deposits has been revised to 5.34 per cent for a tenure of one year to...