Edition:
India

Punjab National Bank (PNBK.NS)

PNBK.NS on National Stock Exchange of India

65.70INR
3:58pm IST
Change (% chg)

Rs3.75 (+6.05%)
Prev Close
Rs61.95
Open
Rs61.95
Day's High
Rs66.80
Day's Low
Rs61.40
Volume
47,299,267
Avg. Vol
28,729,371
52-wk High
Rs99.90
52-wk Low
Rs58.45

Latest Key Developments (Source: Significant Developments)

United Bank Of India Approves Issuance Of Shares To Govt Worth Up To 30 Bln Rupees
Wednesday, 18 Sep 2019 

Sept 18 (Reuters) - UNITED BANK OF INDIA ::ACCORDED ITS "IN-PRINCIPLE APPROVAL" FOR AMALGAMATION OF CO, ORIENTAL BANK OF COMMERCE AND PUNJAB NATIONAL BANK.APPROVED ISSUANCE OF SHARES TO INDIA GOVERNMENT AGGREGATING UP TO 30 BILLION RUPEES.  Full Article

India's Punjab National Bank Exec Says Expect To Bring Gross NPA Below 12% By End Of Year
Friday, 26 Jul 2019 

July 26 (Reuters) - Punjab National Bank MD Sunil Mehta ::INDIA'S PUNJAB NATIONAL BANK EXEC SAYS RECOVERY OF OVER 38 BILLION RUPEES IN JUNE QUARTER.PUNJAB NATIONAL BANK EXEC SAYS FRESH SLIPPAGES IN JUNE QUARTER WAS 47.11 BILLION RUPEES.PUNJAB NATIONAL BANK EXEC SAYS EXPECT TO BRING DOWN GROSS NPA LEVEL BELOW 12% BY END OF YEAR.PUNJAB NATIONAL BANK EXEC SAYS SOLD LESS THAN 100 MILLION RUPEES LOANS TO ARCS IN JUNE QUARTER.PUNJAB NATIONAL BANK EXEC SAYS OPEN TO CONSOLIDATION OPPORTUNITIES.PUNJAB NATIONAL BANK EXEC SAYS 2019/20 FISCAL YEAR WILL BE YEAR OF PROFITABILITY FOR BANK.PUNJAB NATIONAL BANK EXEC SAYS TAKEN APPROVAL FROM BOARD FOR RIGHTS ISSUE OR QIP OF 50 BILLION RUPEES THIS YEAR.PUNJAB NATIONAL BANK EXEC SAYS GOT HARDLY ANY SUPPORT FROM BANKRUPTCY PROCESS IN RECOVERY OF LOANS IN QUARTER.  Full Article

India's ED Says Singapore HC Ordered Attachment Of Bank Account In Nirav Modi Case - Tweet
Tuesday, 2 Jul 2019 

July 2 (Reuters) - Enforcement Directorate::INDIA'S ED SAYS SINGAPORE HIGH COURT ORDERED ATTACHMENT OF BANK ACCOUNT WITH $6.122 MILLION BALANCE ON ED'S REQUEST IN NIRAV MODI CASE - TWEET.  Full Article

Punjab National Bank Says Deal To Sell Stake In PNB Housing Finance Terminated
Thursday, 16 May 2019 

May 16 (Reuters) - Punjab National Bank ::ENTERED INTO AN AGREEMENT FOR SALE OF 10.9 MILLION EQUITY SHARES HELD IN PNB HOUSING FINANCE LIMITED.DEAL WAS ORIGINALLY ANNOUNCED ON MARCH 29.DEAL FOR 850 RUPEES PER SHARE.SINCE COMPLETION HAS NOT OCCURRED AS ON DATE, SPA STANDS TERMINATED WITH IMMEDIATE EFFECT.  Full Article

India's ED Says London Court Rejected Bail, Extended Judicial Custody Till May 24 - Tweet
Friday, 26 Apr 2019 

April 26 (Reuters) - India Enforcement Directorate::INDIA'S ED SAYS NIRAV MODI WAS PRODUCED BEFORE WESTMINSTER COURT, LONDON; BAIL REJECTED & JUDICIAL CUSTODY EXTENDED TILL MAY 24 - TWEET.  Full Article

India Enforcement Directorate Says 12 Vehicles Of Nirav Modi Group, Mehul Choksi Group Bidded For 32.9 Mln Rupees In E-auction
Friday, 26 Apr 2019 

April 26 (Reuters) - INDIA ENFORCEMENT DIRECTORATE::10 VEHICLES OF NIRAV MODI GROUP, 2 VEHICLES OF MEHUL CHOKSI GROUP SUCCESSFULLY BIDDED FOR 32.9 MILLION RUPEES IN E-AUCTION.  Full Article

Jet Airways Says Naresh Goyal Pledged 26.01 Pct Of Co's Shares To Punjab National Bank On April 4
Thursday, 11 Apr 2019 

April 11 (Reuters) - Jet Airways Ltd ::NARESH GOYAL PLEDGED 26.01 PERCENT OF CO'S SHARES TO PUNJAB NATIONAL BANK ON APRIL 4.  Full Article

India's ED Says Media Reports That Joint Director Supervising Nirav Modi Case Has Been Relieved Is Incorrect
Friday, 29 Mar 2019 

March 29 (Reuters) - India's Enforcement Directorate::MEDIA REPORTS THAT JOINT DIRECTOR SUPERVISING INVESTIGATION IN CASE OF NIRAV MODI HAS BEEN RELIEVED IS NOT CORRECT.  Full Article

SEBI Exempts India Govt From Making Open Offer For Acquisition Of PNB Stake With Conditions
Wednesday, 27 Mar 2019 

March 27 (Reuters) - Securities And Exchange Board Of India::SEBI EXEMPTS INDIA GOVERNMENT FROM MAKING OPEN OFFER UNDER TAKEOVER REGULATIONS FOR PROPOSED ACQUISITION OF 5.19% STAKE IN PUNJAB NATIONAL BANK WITH CONDITIONS.PUNJAB NATIONAL BANK WOULD BE REQUIRED TO BRING DOWN THE NON-PUBLIC SHAREHOLDING TO THE LEVEL AS SPECIFIED AND WITHIN THE TIME PERMITTED.  Full Article

Punjab National Bank Fined 20 Mln Rupees By RBI
Tuesday, 26 Mar 2019 

March 26 (Reuters) - Punjab National Bank ::RBI FINES CO 20 MILLION RUPEES FOR VIOLATIONS OF RULES DURING ASSESSMENT OF IMPLEMENTATION OF SWIFT- RELATED OPERATIONAL CONTROLS.  Full Article

ICRA ratings for Indian debt instruments-Sep 20

Sep 20 Below are the ratings awarded by Investment Information Credit Rating Agency Ltd. (ICRA) for local debt instruments as of September 19, 2019. COMPANY INSTRUMENT RATING AMOUNT MOVEMENT (RS.MLN) ------ ---------- ------ ----- --------- SHORT TERM RATINGS: ------------------- Airona Tiles Ltd