Change in Directorate
In compliance of Clause 30 of the SEBI (LODR) Regulations 2015, we hereby inform that the Government of India vide their notification dated 5th May 2017, in exercise of powers conferred by clause (a) of sub-section (3) of Section 9 of the Banking Companies (Acquisition and Transfer of Undertakings) act, 1970/1980 read with sub- clause (1) of Clause 3, Clause 6 and sub-clause (1) of Clause 8 of the Nationalised Banks (Management and Miscellaneous... Change in Directorate
In exercise of the powers conferred by clause (a) of Sub-section (3) of Section 9 of the Banking Companies (Acquisition and Transfer of Undertakings) act, 1970/1980 read with sub- clause (1) of Clause 3, Clause 6 and sub-clause (1) of Clause 8 of the Nationalised Banks (Management and Miscellaneous provisions scheme 1970/1980, the Government of India vide their notification dated 5th May 2017, has appointed Shri Sunil Mehta as Managing Director... Cabinet committee approves seven top-level changes in various banks
The Appointments Committee of the Cabinet has approved seven top-level changes in various public sector banks. Usha Ananthasubramanian, MD and CEO, Punjab National Bank, has been appointed as MD... Notice For Date Of Board Meeting To Approve Audited Financial Results (Standalone & Consolidated) Of The Bank For The Quarter / Year Ended 31St March, 2017 Has Been Published In Business Standard Newspapers (English & Hindi Editions) On 05.05.2017.
Notice for date of Board Meeting to approve Audited Financial Results (Standalone & Consolidated) of the Bank for the quarter / year ended 31st March, 2017 has been published in Business Standard newspapers (English & Hindi editions) on 05.05.2017. Board Of Directors Of The Bank Meeting On 16 May, 2017 And Closure Of Trading Window
Meeting of Board of Directors of the Bank is scheduled to be held on Tuesday, 16 May, 2017 to consider and take on record the Audited Annual Financial Results (standalone & consolidated) of the Bank for the quarter/year ended 31st March, 2017. Trading Window for dealing in the shares of the Bank will be closed from 04th May 2017 (Thursday) to 17th May 2017 (Wednesday) (both dates inclusive) for Directors / Designated Persons of the Bank. Punjab National Bank revises down MCLR by 0.10-0.15%
The maximum of 0.15 per cent has been effected for overnight marginal cost of funds based lending rate (MCLR) tenure to 8.05 per cent. PNB reduces MCLR
Punjab National Bank (PNB) on Saturday announced that it has reduced its overnight Marginal Cost of Finds Based Lending Rate (MCLR) to 8.05 per cent from 8.20 percent. This revised rate will come... Updates
Bank has reduced Marginal Cost of Funds Based Lending Rate (MCLR) with effect from 01.05.2017. Updates
Board of the Bank has granted permission to raise Basel III Compliant Debt instrument Perpetual Additional Tier I Capital bonds to the extent of Rs. 3000 Crores and Tier II bonds up to Rs. 3000 Crore, subject to availability of headroom in one or more tranches. Two themes for long-term investing: PNB MetLife
I would not rule out the possibility of a rate increase towards the end of FY18, sats Kumar.