PNB posts 123% increase in net profit

Punjab National Bank (PNB) posted a 123% year-on-year (yoy) increase in net profit at Rs 1,127 crore in the third quarter of the current financial year (2021-22) largely on lower provisions.

published on : 28th January 2022

Atul Kumar Goel PNB’s MD; hunt is on for Union Bank CEO

The ACC has also cleared name of Soma Sankara Prasad, currently Deputy Managing Director, State Bank of India, as Managing Director and Chief Executive Officer in UCO Bank. 

published on : 28th December 2021

RBI imposes penalty on PNB, ICICI Bank for deficiencies in regulatory compliance

In the case of the ICICI Bank, the RBI said the statutory inspection for supervisory evaluation of the bank was conducted by it with reference to its financial position as of March 31, 2019.

published on : 15th December 2021

Securities Appellate Tribunal allows PNB Housing Finance to withdraw its plea against SEBI

The Tribunal in an order passed on 16 November, allowed the housing finance company to withdraw the petition, PNB Housing Finance informed the exchanges.

published on : 18th November 2021

PNB Housing Finance terminates Carlyle deal

PNB Housing had challenged the SEBI order at the Securities Appellate Tribunal which passed a split verdict, after which SEBI has filed an appeal in the Supreme Court. 

published on : 15th October 2021

PNB earns Rs 170 crore in FY21 by levying charges on non-maintenance of minimum balance: RTI

The bank said it waived the ATM transaction charges during the first quarter of 2020-21 vide an IBA letter and government guidelines.

published on : 20th September 2021

PNB case: PMLA court cancels non-bailable warrants against Nirav Modi's brother-in-law

Nirav Modi's brother-in law, Maiank Mehta, appeared before Special Judge VC Barde and sought the cancellation of warrants issued against him, which was allowed by court.

published on : 7th September 2021

PNB scam accused Vipul Chitalia gets bail for attending family ceremony

Vipul Chitalia, arrested in March 2018 in connection with the scam in which diamond traders Nirav Modi and Mehul Choksi are the prime accused.

published on : 12th August 2021

PNB Housing Finance plans Rs 35,000 crore debt capital as Carlyle deal hangs fire

PNB Housing Finance said in a regulatory filing on Wednesday that the company will seek shareholders' nod in its AGM on September 3, 2021.

published on : 11th August 2021

PNB Housing Finance-Carlyle deal in limbo as SAT delivers split verdict

Sebi ought to stop the voting at the EGM, saying it was necessary for shareholders to get the correct valuation at which investors led by the Carlyle Group would acquire shares and management control.

published on : 10th August 2021
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