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PUNJAB NATIONAL BANK - 532461 - Closure of Trading Window

Closure of Trading Window
27-12-2022

PNB part of NSE's F&O ban stock list. Details inside

The NSE updates the list of securities in F&O ban for trade everyday.
27-12-2022

PNB raises Rs 582 cr through Basel III compliant Additional Tier-I bonds

Public sector lender Punjab National Bank (PNB) has raised Rs 582 crore by issuing bonds on a private placement basis. The bank has issued and allotted Basel III compliant Additional Tier I bonds at a coupon of 8.40 per cent per annum, aggregating to Rs 582 crore on a private placement basis, the bank said in a regulatory filing on Friday. The bank said the non-convertible taxable bonds will qualify as Tier I capital.
23-12-2022

CBI books ex-PNB manager, 2 companies in Rs 168.59 crore fraud case

CBI on Thursday registered a case on complaint from Punjab National Bank (PNB) against its former manager, and others including two private companies, for allegedly committing a fraud of Rs 168.59 cr
22-12-2022

CBI files 3 fresh FIRs against Mehul Choksi in over Rs 6,700-cr fraud case

Three fresh FIRs have been filed by the CBI against absconding diamantaire Mehul Choksi on the basis of a complaint from the Punjab National Bank (PNB), bringing to light an additional loss of Rs 6,746 crore incurred by it and other banks of a consortium, officials said. Four years after Choksi's dramatic escape and the failure of the state-run PNB to detect the scam between 2010 and 2018, the bank submitted three complaints to the CBI on March 21, reporting the additional loss caused by the diamantaire and his firm Gitanjali Gems Limited, Nakshatra Brands Limited and Gili India Limited. The PNB and the other members of the consortium had extended credit facilities to these companies. Choksi's counsel Vijay Aggarwal told PTI that it was a "witch hunt". "When one FIR has been lodged and a chargesheet filed for the total loss to the banks, how can there be a separate FIR now for every small transaction?" he asked. "Going by that logic, if they claim a total loss of Rs 13,000 crore,
17-12-2022
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PUNJAB NATIONAL BANK - 532461 - Announcement under Regulation 30 (LODR)-Newspaper Publication

Newspaper Publication- Loss of Share Certificate
12-12-2022

J.P. Morgan raises target price for Punjab National Bank; sees 26% upside

The brokerage has upgraded Punjab National Bank from a long standing 'underweight' to 'overweight' stance
12-12-2022
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