Bhushan Steel resolution effect: PNB sees Rs 7.35 bn boost in profits

5 days ago
Punjab National Bank (PNB), which saw the highest net loss by any bank in a quarter at Rs 134 billion during JanuaryMarch, believes the insolvency resolution at Bhushan Steel will have a positive impact on profits to the tune of Rs 7.35 billion in the ... ...

PNB Housing Finance more valuable than parent PNB

1 week ago
PNB Housing Finance is now more valuable than its parent Punjab National Bank which has seen its market capitalisation shrink considerably after being hit by the USD 2 billion fraud carried out allegedly by Nirav Modi. At the close of trade today, the S ... ...

CBI: PNB official got Rs 1cr bribe in cheque

1 week ago
Mumbai: In the second chargesheet submitted in the Punjab National Bank (PNB) fraud case, the CBI has alleged that the bank's retired deputy manager Gokulnath Shetty had received Rs1 crore as illegal gratification for being part of the conspiracy. ... ...

Fraudhit PNB stock is a dud investment, caution analysts

1 week ago
Punjab National Bank (PNB) hit its lowest level since June 3, 2016 on Wednesday, falling nearly 12 per cent to Rs 75 levels, after reporting a record loss of Rs 134 billion in the January – March 2018 quarter (Q4FY18) – way higher than the Rs 2627 ... ...

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