Partnership with PNB MetLife to provide insurance cover for borrowers
Karnataka Bank, in association with its PNB MetLife, has launched Met Loan and Life Suraksha (MLLS), a single premium plan covering the loan liability of a customer. The bank has also introduced KBL... PNB MetLife launches Loan Life Suraksha for Karnataka Bank customers
Loan Life Suraksha, a single limited premium plan covering loan liability of a customer
NCLT reserves order on PNB's case against Bhushan Power and Steel
PNB moved NCLT on 13 July claiming that Bhushan Power and Steel has outstanding debt of over Rs37,000 crore ITC, PNB most active stocks in volume terms
In the Nifty50 pack, 42 stocks were trading in green, while 9 stocks were in red. Shareholding for the Period Ended June 30, 2017
Punjab National Bank has submitted to BSE the Shareholding Pattern for the Period Ended June 30, 2017. For more details, kindly Click here He Exchange Is Informed Hereby Regarding Loss Of Share Certificate Of Satyendra Kumar Guptaunder Regulation39 (3) Of SEBI (LODR) Regulations 2015
The exchange is informed hereby regarding loss of share certificate of Satyendra Kumar Gupta under Regulation 39 (3) of SEBI (LODR) Regulations 2015 Statement Of Investor Complaints For The Quarter Ended June,2017
Statement of investor complaints for the quarter ended June,2017 Why some brokerages have turned positive on PNB
A week after Nomura turned positive of Bank of Baroda, it is now the turn of Punjab National Bank (PNB) to enjoy a rating upgrade from the foreign brokerage. Nomura upped its rating on PNB from neutral to buy. With the price target of Rs 180, the potential upside is about 26 per cent even after factoring in for Thursday's 4.6 per cent rally. In a report dated July 5, the analysts note that after the 24 per cent correction in the past two months, incremental risk-reward is turning favourable for PNB. "Our adjusted book valuation of 0.55x FY19 book factors in Rs 79,000 crore of total stress vs gross non-performing assets (NPA) of Rs 55,400 crore in FY17 and adequately captures any asset quality risks," the analysts add. In fact, analysts at Prabhudas Lilladher and Motilal Oswal also have the same opinion on PNB's asset quality issues. "Significant stress is being recognised over last several quarters, and now resolution in key sectors like steel, power, construction and roads remains a . PNB, SBI most active stocks in terms of volume
In the Nifty50 pack, 36 stocks were trading in green, while 15 stocks were in red. Change in Directorate
In compliance of Regulation 30 of the SEBI (LODR) regulations 2015, exchange is being informed that Shri Ravi Mital, Additional Secretary, Department of Financial Services, Ministry of Finance, has been nominated as Govt. Nominee Director of the bank in place of Shri Anil Kumar Khachi by Central Government Vide Govt. Of India, Ministry of Finance, Department of Financial Services Notification F.No. 6/3/2012-BO-I dated 04.07.2017 with immediate effect and until further orders.