PNB News

Punjab National Bank (PNB) - Latest news, stories and discussions from the press

Punjab National Bank - Latest news

Finmin to infuse Rs 113 bn in 5 PSUs to meet regulatory capital requirement

Read more about Finmin to infuse Rs 113 bn in 5 PSUs to meet regulatory capital requirement on Business Standard. PNB, hit by Nirav Modi scam, will get the highest amount of Rs 28.16 bn out, while ...

7 hours
Finance ministry approves Rs 11,336 crore capital infusion in five public sector banks

New Delhi: The finance ministry on Tuesday approved an infusion of Rs 11,336 crore in five state-owned lenders including PNB, Corporation Bank and Andhra Bank to help them meet the regulatory capit...

8 hours
Govt panel to suggest changes in law to prevent economic offenders from fleeing country

New Delhi: In an attempt to stop defaulting promoters from fleeing the country, the government has set up a high-level committee headed by Financial Services Secretary Rajiv Kumar to look at variou...

9 hours
PNB collects Rs 151.66 cr as below minimum balance penalty in FY18, reveals an RTI query

Indore: The Punjab National Bank (PNB) has collected Rs 151.66 crore as penalty from its customers during the last financial year for not keeping a minimum balance in 1.23 crore savings accounts, r...

10 hours
PSU bank stocks rise up to 11% amid reports of Rs 100 bn capital infusion

PSU bank stocks on Tuesday surged up to 11 per cent amid reports that the finance ministry is likely to infuse about Rs 100 billion within a few days in some state-owned lenders to help them meet r...

10 hours
Modi govt set to infuse Rs 20 billion into PNB to aid bond payment

Read more about Modi govt set to infuse Rs 20 billion into PNB to aid bond payment on Business Standard. PNB needs to pay about 1.35 billion rupees to cover the 8.98 percent annual interest on Rs 1...

10 hours

Punjab National Bank (PNB) is an Indian financial services company based in New Delhi, India. PNB is the third largest bank in India by assets. It was founded in 1894 by Lala Lajpat Rai and is currently the second largest state-owned commercial bank in India ahead of Bank of Baroda with about 5000 branches across 764 cities.