Punjab National Bank's Q2 results a glimmer of hope for its investors
In Q1, Punjab National Bank reported the largest quarterly loss by any Indian bank. The bank's Q2 results however show it has swung back into profit07-11-2016
07-11-2016
PNB Q2 profit down 11% at Rs621 crore as bad loans rise
PNB's net NPAs rose to 9.10% in the September ended quarter as against 3.99%05-11-2016
Announces Q2 Results (Standalone) & Limited Review Report (Standalone) for the Quarter ended September 30, 2016
Punjab National Bank has announced the following Unaudited Standalone results for the quarter ended September 30, 2016:The Bank has posted a net profit of Rs. 5493.60 million for the quarter ended September 30, 2016 as compared to Rs. 6210.30 million for the quarter ended September 30, 2015. Total Income has increased from Rs. 137019.30 million for the quarter ended September 30, 2015 to Rs. 142182.70 million for the quarter ended September 30, 2016.05-11-2016
Outcome of Board Meeting
Punjab National Bank has informed BSE that the Board of Directors of the Company at its meeting held on November 04, 2016, has considered and approved raising of Basel III Compliant Debt instruments - Perpetual Additional Tier I Capital bonds to the extent of Rs. 3000 Crore and Tier - II bonds up to Rs. 3000 Crore, subject to availability of headroom in one or more tranches.The meeting commenced at 4.30 pm & was concluded at 7.00 pm.04-11-2016
Analysts' Meets for Q2 FY'17
Punjab National Bank has informed BSE regarding "Analysts' Meets for Q2 FY'17".03-11-2016
PNB plans to raise Rs 6,000 cr via bonds
State-owned Punjab National Bank today said it plans to raise Rs 6,000 crore in tranches from bonds to fund business expansion. The board will be considering issuance of Basel-III compliant debt...29-10-2016
Board Meeting on Nov 04, 2016
Punjab National Bank has informed BSE that Board of the Bank will be considering issuance of Basel III Compliant Debt instruments- 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, in the meeting to be held on November 04, 2016.29-10-2016
Change in Marginal Cost of Funds Based Lending Rate (MCLR)
Punjab National Bank has informed BSE that the Bank has revised Marginal Cost of Funds Based Lending Rate with effect from November 01, 2016.26-10-2016
Q2 results on Nov 05, 2016
Punjab National Bank has informed BSE that a meeting of the Board of Directors of the Bank is scheduled to be held on November 05, 2016, to consider and take on record the reviewed Financial Results of the Bank for the quarter/Half year ended on September 30, 2016 (Q2).Further, as per PNB Code of Conduct and Policy for Prevention of Insider Trading & Code of Corporate Disclosure Practices in terms of SEBI (Prohibition of Insider Trading)...19-10-2016