Today's Pick (Tamil): Punjab National Bank
07-11-2017
Eyes on fund-raising plans of PNB
Punjab National Bank has appointed merchant bankers for its proposed 5,000-crore fund-raising plans. The bank's board has approved a qualified institutional placement to raise 5,000 crore....06-11-2017
Change in Corporate Office Address
Punjab National Bank has informed the Exchange regarding change in Corporate/Head Office of the Bank.06-11-2017
'People are shifting towards digital transaction'
'People are shifting towards digital transaction'"Excessive dependence on cash has its cost. It is not just cost but it is a curse on both society and economy," he said at an event organised by Punjab National Bank (PNB).06-11-2017
How effective is PNB's war room?
Slippages eased to Rs 3,517 cr in Q2; gross NPA ratio unchanged at 13%04-11-2017
Change in Management
The exchange is hereby informed that the Board of Directors of the Bank has approved the appointment of Sh. G. S. Gusain, General Manager as "Group Chief Risk Officer".03-11-2017
Punjab National Bank: A Trendlyne Screener favorite posts strong Q2 results
At the end of the June quarter results, Trendlyne's strong performing banks screener had identified Federal Bank and Punjab National Bank (PNB) as two banking stocks that were reducing their bad loans, and improving their financial ratios. After Federal Bank posted strong results in Q2, it continues to be in the screener, thanks to maintaining its trend in Q2 of falling NPAs and improving CASA. Now it is PNB's turn - the bank today saw its share price rise sharply after announcing Q2 results where net profits beat analyst estimates, rising 2% YoY, and gross bad loans as a percentage of total loans fell from 13.66% in June to 13.31% end September. The board of directors on Thursday has also authorised the management of the bank to partially sell its stake in PNB Housing Finance. As of September 2017, PNB holds a 38.86% stake in PNB Housing Finance.03-11-2017
Board Of Directors Has Approved Reviewed/Unaudited Financial Results Of The Bank For Sept 2017
Board of Directors has approved reviewed/unaudited financial results of the Bank for Sept 2017 today on 3.11.201703-11-2017
Punjab National Bank's credit costs to stay high in Q2
However, the pace of slippages, advances becoming bad loans, is expected to moderate03-11-2017
Diversification / Disinvestment
Outcome of the Board Meeting held on 2nd November, 2017 - Authorised management for partially Stake sale in PNB Housing Limited and approved to offload entire stake in Principal PNB Asset Management Company and Principal Trustee Company Ltd.02-11-2017