Punjab National Bank

Why it's best to avoid PSU bank stocks right now

Market experts believe the new measures by the RBI would lead to early recognition of bad loans, leading to higher provisioning expense that could subsequently hit bank profits.

Feb 14, 2018

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Banks shut down about 358 ATMs as government urges India to go cashless

Since the Modi-government's demonetisation drive and push towards a cashless economy, there has been a decline in the number of ATMs and between June and August 2017 the number has gone down by 358.

Oct 28, 2017

Bank of Baroda, Canara Bank to pilot two rounds of bank mergers

Banks have been asked to explore issues such as overlap of branches, technical integration and whether there would be anti-competition concerns that could emerge

Jun 15, 2017

Public sector banks, including SBI and PNB, to go on strike today: All you need to know about the bank unions' strike

Most banks, including the State Bank of India, Punjab National Bank and Bank of Baroda, have informed customers that operations at their bank branches and offices would be hit due to the strike.

Feb 28, 2017

Air India's bank loans could be converted into equity: Report

Before the plan is executed, it will have to be approved by the board members of the banks and the cabinet.

Oct 28, 2016

Punjab National Bank makes locker visit free; eliminates cap of 12 free visits

PNB removes the cap of 12 free visits to its locker in a year, making locker visits free for its customers.

Aug 21, 2016

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Punjab National Bank's Q1 net profit falls 58%, asset quality worsens

However, higher growth in its other income category and lower expenditure on tax arrested a much steeper fall predicted by analysts.

Jul 28, 2016

India's 2nd-biggest defaulter Winsome gives back a pittance as repayment

The gold and diamond house repaid just $150,000 out of the over-$1 billion in outstanding loan to Indian banks, says Economic Times.

Apr 22, 2016

India's top lender moves court seeking arrest of Vijay Mallya, ex-chairman of Diageo company United Spirits

A SBI-led consortium of 17 lenders has moved the Debt Recovery Tribunal to recover Rs 7,800 crore from Mallya and now-defunct Kingfisher Airlines.

Mar 3, 2016

Sensex posts biggest weekly gains since October 2015

The rebound in the benchmark indices was mainly led by strong gains in stock prices of metals, PSU banks, realty and auto.

Feb 20, 2016

Govt looking to set up separate bank to deal with PSU banks' NPAs

However, some bankers believe that having such bank may make the actual lenders negligent on the issue.

Feb 17, 2016

PSU banks at risk of rating downgrades: S&P

State-owned lenders may struggle to raise capital due to higher provisioning for bad loans, global rating agency Standard & Poor's said.

Feb 17, 2016

People line up outside an ATM at a State Bank of India branch in Mumbai

SBI warns of further rise in bad loans in March quarter

SBI reported a 62% drop in its net profit for the December quarter due to higher provisioning for bad loans.

Feb 16, 2016

IDBI Bank posts record loss of Rs 2,184 crore for December quarter

The bank had earned a net profit of Rs 102 crore in the Oct-Dec quarter in 2014.

Feb 13, 2016

Bank stocks lead market fall; Sensex, Nifty close down 1%

Bank stocks, burdened with estimated bad loans at about $100 billion, have seen a lot of selling pressure recently.

Feb 10, 2016

PNB's Q3 profit plummets 93% on bad loan provisions

PNB's gross NPAs soared to 8.47 percent of total advances in the quarter from 5.97 percent in the year-ago quarter.

Feb 9, 2016

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