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India

Punjab National Bank (PNBK.NS)

PNBK.NS on National Stock Exchange of India

73.20INR
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Latest Key Developments (Source: Significant Developments)

Punjab National Bank Expects To Bring Down Gross NPA By At Least 200 BPS In Current Qtr - CEO
Tuesday, 5 Feb 2019 

Feb 5 (Reuters) - Punjab National Bank CEO Sunil Mehta::CEO SAYS AS A STRATEGY, BANK TO FOCUS ON DOMESTIC BUSINESS, SHUN OVERSEAS BUSINESS.CEO SAYS BANK TO RECRUIT ABOUT 4000 TO 5000 EMPLOYEES.CEO SAYS BANK HAS MADE A PROVISION OF 3.31 BILLION RUPEES FOR SLIPPAGE IN IL&FS ACCOUNT.CEO SAYS CURRENT NPA IN MUDRA LOANS IS ABOUT 12 PERCENT, IN SMALL BUSINESS LOANS AROUND 14 PERCENT.CEO SAYS EXTENT OF SHARE SALE IN PNB HOUSING FINANCE TO DEPEND ON BID VALUE;LAST DATE FOR BIDS IS FEB 8.CEO SAYS EXPECT 10 PERCENT LOAN GROWTH IN NEXT FINANCIAL YEAR.CEO SAYS CO EXPECTS AT LEAST 25 PERCENT RECOVERY ON AVERAGE IN INSOLVENCY CASES.EXEC SAYS CO EXPECTS TO BRING DOWN GROSS NPA BY AT LEAST 200 BASIS POINTS IN CURRENT QUARTER.  Full Article

Punjab National Bank Exec Says Total Recovery Of Stressed Loans In First 3 Qtrs At 166.08 Bln Rupees
Tuesday, 5 Feb 2019 

Feb 5 (Reuters) - Punjab National Bank Exec::EXEC SAYS TOTAL RECOVERY OF STRESSED LOANS IN FIRST THREE QUARTERS TOUCHED 166.08 BILLION RUPEES .EXEC SAYS CO'S GROSS OVERSEAS BUSINESS DOWN 39.8 PERCENT Y-O-Y IN FIRST 9 MONTHS TO DEC QUARTER TO 585.73 BILLION RUPEES.EXEC SAYS WRITTEN OFF LOANS AMOUNTING TO 30.82 BILLION RUPEES IN Q3 VERSUS 35.43 BILLION RUPEES IN Q2.  Full Article

Punjab National Bank Says Finmin Notified Amalgamation Of Madhya Bihar Gramin Bank And Bihar Gramin Bank
Monday, 7 Jan 2019 

Jan 7 (Reuters) - Punjab National Bank ::FINMIN NOTIFIED AMALGAMATION OF MADHYA BIHAR GRAMIN BANK AND BIHAR GRAMIN BANK INTO A SINGLE REGIONAL RURAL BANK.FINMIN ALSO ISSUES NOTIFICATION FOR AMALGAMATION OF PUNJAB GRAMIN BANK, MALWA GRAMIN BANK , SUTLEJ GRAMIN BANK IN PUNJAB.  Full Article

Punjab National Bank Says Crisil Upgrades Rating On Certain Bonds Of Co
Thursday, 20 Dec 2018 

Dec 20 (Reuters) - Punjab National Bank ::SAYS CRISIL UPGRADES RATING ON CERTAIN BONDS OF CO.  Full Article

India's PNB Says Independent Stake Sale In PNB Housing Under Process
Wednesday, 19 Dec 2018 

Dec 19 (Reuters) - Punjab National Bank ::CLARIFIES ON NEWS ITEM ON CARLYLE EYEING CO'S STAKE IN PNB HOUSING FINANCE.THE INDEPENDENT STAKE SALE IN PNB HOUSING BY PUNJAB NATIONAL BANK IS UNDER PROCESS.  Full Article

Punjab National Bank Says Carlyle Group Withdraws From Joint Stake Sale Process
Tuesday, 13 Nov 2018 

Nov 13 (Reuters) - Punjab National Bank ::SAYS CARLYLE GROUP HAS WITHDRAWN FROM JOINT STAKE SALE PROCESS AND JOINT STAKE SALE PROCESS HAS BEEN TERMINATED.SAYS PNB WILL CONTINUE TO PURSUE AND PROCEED WITH AN INDEPENDENT SALE OF ITS SHAREHOLDING IN PNBHFL.  Full Article

India's Punjab National Bank Posts Sept-Qtr Net Loss
Friday, 2 Nov 2018 

Nov 2 (Reuters) - Punjab National Bank ::SEPT QUARTER NET LOSS 45.32 BILLION RUPEES VERSUS PROFIT OF 5.61 BILLION RUPEES LAST YEAR.CONSENSUS FORECAST FOR SEPT QUARTER NET LOSS WAS 14.38 BILLION RUPEES.SEPT QUARTER INTEREST EARNED 123.26 BILLION RUPEES VERSUS 122.99 BILLION RUPEES LAST YEAR.SEPT QUARTER PROVISIONS AND CONTINGENCIES 97.58 BILLION RUPEES VERSUS 24.41 BILLION RUPEES LAST YEAR.SEPT QUARTER GROSS NPA 17.16 PERCENT VERSUS 18.26 PERCENT PREVIOUS QUARTER.SEPT QUARTER PROVISIONS FOR NPAS 77.33 BILLION RUPEES VERSUS 26.94 BILLION RUPEES LAST YEAR.SEPT QUARTER NET NPA 8.90 PERCENT VERSUS 10.58 PERCENT PREVIOUS QUARTER.IN QUARTER, PROVISION OF 5.19 BILLION RUPEES IN RESPECT OF 24 BORROWAL ACCOUNTS UNDER THE PROVISIONS OF IBC AND RBI DIRECTIONS.SAYS TOTAL PROVISION MADE IN 24 BORROWAL ACCOUNTS UNDER BANKRUPTCY IS 107.36 BILLION RUPEES IN THE QUARTER.MADE PROVISION OF 32.95 BILLION RUPEES IN QUARTER ENDED 30.09.2018 FOR FRAUD AT BRADY HOUSE MUMBAI BRANCH.PROVISIONING COVERAGE RATIO AS AT 30TH SEPTEMBER 2018 WORKS OUT TO 66.92 PERCENT.MTM LOSSES FOR QUARTER AMOUNTING TO 5.29 BILLION RUPEES HAVE BEEN FULLY PROVIDED DURING THE QUARTER.  Full Article

Punjab National Bank To Consider Infusion Of 54.31 Bln Rupees By Govt Of India
Wednesday, 26 Sep 2018 

Sept 26 (Reuters) - Punjab National Bank ::TO CONSIDER CAPITAL INFUSION BY GOVERNMENT OF INDIA.TO CONSIDER INFUSION OF 54.31 BILLION RUPEES BY GOVERNMENT OF INDIA VIA PREFERENTIAL ISSUE OF EQUITY SHARES.  Full Article

India's PNB CEO: Bandhan Bank Is One Of The Bidders For PNB Housing Finance-CNBC TV18
Thursday, 23 Aug 2018 

Aug 23 (Reuters) - Bandhan Bank Ltd ::INDIA'S PUNJAB NATIONAL BANK CEO SAYS BANDHAN BANK IS ONE OF THE BIDDERS FOR PNB HOUSING FINANCE - CNBC TV18.INDIA'S PUNJAB NATIONAL BANK CEO SAYS EXPECTS PNB HOUSING SALE TO BE COMPLETED BY END OF Q3 - CNBC TV18.  Full Article

India's PNB Exec Says Looking To Recover 200 Bln Rupees In First Half Of 2018/19
Tuesday, 7 Aug 2018 

Aug 7 (Reuters) - Punjab National Bank Exec::EXEC SAYS HAS CREATED A STRESSED ASSETS MANAGEMENT VERTICAL WITH ABOUT 3,000 PEOPLE.EXEC SAYS RECOVERS 84.45 BILLION RUPEES OF BAD LOANS IN Q1.EXEC SAYS LOOKING TO RECOVER 200 BILLION RUPEES IN FIRST HALF OF 2018/19.EXEC SAYS DOMESTIC NET INTEREST MARGIN IN Q1 AT 2.9 PERCENT VERSUS 2.56 PERCENT A YEAR AGO.EXEC SAYS GROSS SLIPPAGES IN APRIL-JUNE QUARTER AT 52.5 BILLION RUPEES.  Full Article