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SBI, PNB put 15 NPAs worth Rs 1,063 cr for sale

SBI, PNB put 15 NPAs worth Rs 1,063 cr for sale

SBI, PNB put 15 NPAs worth Rs 1,063 cr for sale . Leading public sector lenders State Bank of India (SBI) and Punjab National Bank (PNB) have put their 15 non-performing assets worth Rs 1,063 crore for sale. Both the banks said they will conduct the e-auction on 20th of this month. SBI has put

PNB scam mehul choksi silence consumers

PNB Scam: Mehul Choksi finally breaks silence over the scam

Gitanjali Gems owner Mehul Choksi, an accused in the Rs 12,000 crore PNB fraud, on Thursday said he cannot travel to India for his trial as his passport has been revoked without any explanation. Choksi in a reply to CBI said that his passport was suspended citing that the he is a “threat to security” of India. He

PNB scam Delhi HC issues notice to ED case sketchy

PNB scam: Delhi HC issues notice to ED, describes case as “sketchy”

The Delhi High Court on Wednesday issued a notice to the Enforcement Directorate (ED) on a plea filed by Punjab National Bank (PNB) fraud accused Nirav Modi. Calling the case “sketchy”, The Delhi High Court Judge said, “want to wait to see what the ED has to say because Vijay Aggarwal (Nirav Modi‘s lawyer) himself doesn’t seem to be too sure of the

Narayanasamy urges Centre to hold probe into PNB fraud case

Narayanasamy urges Centre to hold probe into PNB fraud case

Chief Minister V Narayanasamy today urged the Centre to order a detailed probe into the alleged multi crore rupee PNB fraud involving Nirav Modi. Talking to reporters here he said that the alleged fraud involving Rs 11,400 crores was shocking and the Centre should order a detailed probe. The fraud is perhaps the biggest ever

PNB to charge after 5 free ATM transactions

New Delhi: PNB ATM : Bank to charge fee after 5 free transactions.  PNB has imposed extra charges if ATM transaction exceeds the limit of 5. Customers have to pay charges to if their transaction limit exceeds 5 times. It can be said that the bank will impose fine for using ATM after beyond the

PNB customers to pay higher charges for non-credit services

PNB customers to pay higher charges for non-credit services

This September, PNB customers will have to pay charges for depositing cash above Rs 5,000 in a non-base branch even if it is located in the same city. Currently, the customers of Punjab National Bank have levied charges only for depositing cash over Rs 25,000 at a non-base branch within the same city.“It has been

PNB shares jump 3% after Q1 earnings

Shares of Punjab National Bank (PNB) today rose by almost 3 per cent after the company reported a 12.09 per cent increase in net profit during the April-June quarter. The stock gained 2.85 per cent to Rs 162 on the BSE. On the NSE, shares of the company went up by 2.98 per cent to

Banks to meet expert panel on debt waiver on July 25

Amid majority of farmers stopping loan repayments, a Punjab government-appointed expert panel will meet bankers for the first time here on July 25 to seek suggestions on debt waiver.The meeting between the panel on loan waiver and bankers assumes significance as Congress led government was facing mounting pressure to implement the debt waiver, a key


PNB records Q4 profit at Rs. 262 crore

State-owned lender Punjab National Bank on Tuesday reported a net profit of Rs 261.9 crore for the three months to March 2017. Standalone net loss was Rs 5,367.1 crore in the same quarter of the previous fiscal, the bank said in a BSE filing.Total income increased to Rs 14,989.33 crore in the quarter, from Rs


War on NPAs to speed up PSBs’ capital raising through FPOs

The government’s all out war against NPAs will help in cleaning balance sheets of state- owned banks and expedite fund raising via markets to meet the global Basel III capital adequacy norms, an official said.“As NPAs get resolved, the balance sheets of the public sector banks will get better, improving the valuation of their stocks,”

Records, property worth lakhs gutted as fire breaks out in PNB

Chandigarh: In a major fire that engulfed the first floor of the Punjab National Bank Sector 17 Chandigarh in the wee hours on Friday gutted records, property worth lakhs of rupees. The fire fighters took over two hours to douse the fire. The cause of fire is stated to be spark originated from battery bank of

PNB makes locker visiting facility free

New Delhi: In a customer-friendly move,public sector lender Punjab National Bank (PNB) has made locker visiting facility free for its customers. Earlier, the customers were allowed 12 free visits at lockers in an year. Now, the PNB locker holders can make any number of visits in an year without paying any additional cost. The new

Sudden Fire erupts Punjab National Bank, Sarabha Nagar Branch

Ludhiana: Panic grips Punjab National Bank, Sarabha Nagar Branch as sudden fire erupted in the branch on Friday. At the time of mishap, the customers and staff were present in the bank. The fire officials maintained that the reason behind the fire was short circuit. Major tragedy was averted as the connection of generator set

Ludhiana: Armed robbers loot Rs.15 lakh cash after firing from bank in broad daylight

Ludhiana: In yet another incident of loot, robbers decamped with about Rs.15 lakh cash after firing from a branch of Punjab National Bank at Kochhar Market in a broad daylight on Monday. The bank premises is located in the busy area and on main road but the robbers managed to decamp with cash after firing


PNB moves up 4.5 pc on subsidiary’s IPO plan

Mumbai: Shares of Punjab National Bank rose 4.5 per cent as its subsidiary PNB Housing Finance has approached Sebi for an initial public offer to raise Rs 2,500 crore. The stock climbed 4.47 per cent to Rs 119 on BSE. On NSE, it gained 4.34 per cent to Rs 118.90. The leading housing finance firm,

Thieves break into ATM at Amritsar, loot over Rs 3 Lakh

Amritsar: Unidentified persons looted Rs 3 lakh after breaking an ATM machine of PNB at Amritsar, on Thursday. While providing the information, the police said that the bank manager alerted the police regarding the incident. Vivek Verma, manager of Punjab National Bank said that the incident had taken place in the wee hours on Thursday.

Two PNB ATMs catch fire in Himachal, cash gutted  

Una: Two Automated Teller Machines (ATMs) of the Punjab National Bank caught fire and were badly damaged in Himachal Pradesh’s Una town on Friday, police said. While no one was injured, bank officials suspect that cash worth lakhs inside the machines might have been burnt.   No one was present at the spot when the