Home Tags Punjab National Bank

Tag: Punjab National Bank

PNB targets to recover bad loans worth Rs.20,000 crore in FY2020

India’s second-largest public sector lender, Punjab National Bank (PNB), hopes to recover non-performing assets worth Rs.20,000 crore in the current financial year. The bank aims to perform...

Reserve Bank of India penalises IDBI Bank, Union Bank, Dena Bank,...

Following the loan fraud involving Punjab National Bank and several other banks on varying degrees, that has resulted in severe net losses and the...

Punjab National Bank launches new card in time for Kumbh Mela...

Punjab National Bank (PNB) has recently launched a new card in time for Kumbh Mela 2019. Punjab National Bank announced in a recent statement...

PNB revives plan to sell its 33% stake in PNB Housing...

After shelving the sales plan for about two months, India’s second-largest, public-sector lender Punjab National Bank (PNB), has revived the process to sell its...

State-owned bank’s losses increase in Q2 due to bad loans

Though banks are reaching some sort of stability following the recent provisions by the Government of India to help banks focus on their lending...

PNB Housing Finance receives refinance sanction worth Rs.3,500 Cr. from NHB

PNB Housing Finance revealed that the National Housing Bank (NHB) has offered the company a refinance sanction worth Rs.3,500 crore last month. The company...

Allahabad Bank to receive capital infusion of Rs.30.5 billion from the...

With the public sector bank being earlier put under prompt corrective action (PCA) by the Government of India for their net losses caused by...

PNB Housing Finance receives initial offers from 7 interested bidders

Punjab National Bank’s housing finance wing PNB Housing Finance has received acquisition bids from about seven companies in a deal estimated to be around...

PNB tops list of PSBs in digital transactions category

Punjab National Bank (PNB), which has been hit by serious scams over recent times, was ranked the best public sector bank in the digital...

PNB seeks deal with tax department to sell old headquarters for...

Punjab National Bank (PNB), which is currently looking forward to liquidating some of its assets, aims to enter into a deal with the tax...