PNB | The Asian Age

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Jet Airways has a debt of over Rs 8,000 crore and needs to make repayments of up to Rs 1,700 crore by the end of March.

Decision on funding to Jet Airways will be on collective basis, says PNB

The airline has already defaulted on repayments on external commercial borrowings due to the paucity of funds.

14 Mar 2019 3:22 PM

Jet is struggling to make payments to banks, aircraft leasing companies, vendors and pilots.

Jet Airways denies report of new USD 293 million loan from PNB

Jet Airways is saddled with more than a billion dollars in debt and its shares jumped 4.8 per cent.

12 Mar 2019 9:22 AM

PNB with a score of 78.4 out of 100 has been ranked first in the EASE. (Photo: File)

Fraud-hit PNB ranks highest in implementation of 'reforms agenda' in 2018: Study

The bank's net profit rose 7.12 per cent to Rs 247 crore in the three months to December 2018.

28 Feb 2019 5:32 PM

State-run PNB has already surprised markets with an earlier-than-expected profit for the quarter ended Dec 31.

A year after India's biggest bank fraud, PNB on road for annual profit

The bank is expected to clock a net profit of 22.66 billion rupees for the year ending March 2020.

18 Feb 2019 2:24 PM

PNB CEO, Sunil Mehta: We are on our way towards recovery

Our recovery for the first three quarters is Rs 16000 crore, which is almost three times the recovery last year.

05 Feb 2019 3:40 PM

Authorities wanted to remove the valuable fittings inside safely to ensure that they recover the maximum cost from the property (File Photo)

Costly fittings inside Nirav Modi bungalow slow down razing

Ongoing demolition work at Nirav Modi’s posh bungalow in Maharashtra’s Raigad district has been stopped.

29 Jan 2019 3:46 PM

He gave his response before an anti-corruption court that is hearing a case filed by the Enforcement Directorate to have him declared a 'fugitive economic offender' under the Fugitive Economic Offenders Act, 2018. (Photo: File)

Have done no wrong, PNB loans were civil transactions: Nirav Modi

Nirav Modi said the situation is blown out of proportion and can't come back to the country due to security reasons.

05 Jan 2019 1:46 PM

State Bank of India (SBI), is offering the highest 6.85 per cent interest rate on 5-10 years tenure.

FD rates up, smaller lenders offer 8.50 per cent

HDFC Bank, Punjab National Bank (PNB) and Canara Bank revised their interest rates recently.

13 Nov 2018 12:38 PM

Total income during the September quarter of 2018-19 declined to Rs 14,035.88 crore as against Rs 14,205.31 crore in the year-ago period.

PNB posts Rs 4, 532 crore loss in Sept quarter as bad loans soar

The bank's gross non-performing assets as a proportion of gross advances rose sharply to 17.16 per cent.

02 Nov 2018 1:24 PM

PNB reported a loss of Rs 940 crore for the April-June period of financial year 2018-19. It clocked a profit of Rs 343.40 crore in the corresponding quarter of 2017-18. (Photo: File)

Nirav Modi scam bygone, bank getting back on growth path: PNB MD

Nirav Modi and his uncle Mehul Choksi duped PNB of Rs 14,000 crore through issuance of fraudulent LoUs.

02 Oct 2018 5:38 PM

Out of the Rs 1.35 lakh crore, the government has already infused about Rs 71,000 crore through recap bonds.

PNB to seek Rs 5,431 crore capital infusion from govt

The government in July decided to infuse Rs 11,336 crore in five state-owned lenders including PNB.

26 Sep 2018 4:39 PM

The bank is rated as 'Good' by the government with a score of 71 which is the highest category of performance.

PNB gets top rank in digital transaction as per Finance ministry report

PNB average percentage of technical declines is only 0.83 per cent of total transactions.

25 Aug 2018 5:27 PM

The public sector bank had posted a net profit of Rs 343.40 crore in the April-June quarter of 2017-18.

PNB posts Rs 940 crore loss in Q1

Total income of the bank rose to Rs 15,072 crore from Rs 14,468.14 crore in the year-ago period.

07 Aug 2018 1:20 PM

The company had registered a rise of 58 per cent in its net profit at Rs 829.41 crore in fiscal ended March 2018.

PNB, Carlyle Group to sell at least 51 pc stake in PNB Housing Finance

PNB Housing had disbursed Rs 33,195 crore loans during 2017-18, an increase of 61 per cent over the preceding fiscal year.

11 Jul 2018 12:48 PM

PNB suffered a standalone net loss of Rs 12,282.82 crore in 2017-18, as against a profit of Rs 1,324.80 crore in 2016-17.

PNB's big wilful defaulters' dues fall to Rs 15,354 crore in June

The total bad loan write-off by the public sector banks stood at over Rs 1.20 lakh crore in the last fiscal.

09 Jul 2018 10:15 AM

The bank had sought the additional funds to tide over its shaky financial position.

FinMin rejects PNB’s Rs 7,000 cr extra capital infusion demand

PNB had received Rs 5,473 crore recap funds last year during the first round of infusion.

04 Jun 2018 9:18 AM

RBI has clarified in the RTI that only those cases of fraud, involving a sum of over Rs one lakh, were included in the list.

21 PSBs lost Rs 25,775 crore to frauds in FY18

RBI in its reply on May 15 did not specify details of any particular case of banking fraud.

29 May 2018 8:45 AM

The bank was asked to provide details of inspection that resulted in detection of the fraud and provide copy of inspection reports.

PNB refuses to disclose details on over Rs 13,000 cr scam

RBI had also earlier declined to share inspection reports for scam-hit PNB.

21 May 2018 8:40 AM

India’s banks, already burdened by a 9.5 trillion-rupee soured-loan mountain as of last year.

PNB targets over 10 pc business growth in 2018-19

PNB expand its total business to 12 trillion rupees ($180 billion) in the year to March 2019.

07 May 2018 8:28 AM

The complaint stated that the two employees, who also assisted fugitive Nirav Modi and his uncle Mehul Choksi, had issued two LOUs for the above amount to the company.

Fresh Rs 9 crore fraud comes to haunt PNB

The LOUs were issued to SBI’s Antwerp branch in Belgium on April 25 last year with payment due date till January 20, 2020.

16 Mar 2018 12:31 AM

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Mohan Guruswamy