Punjab National Bank
Markets
Sensex drops 2% as budget gets thumbs down from investors
Indian shares slumped 2% on Monday, their biggest fall so far this year, as investors were disappointed after the federal ......
Finance
Punjab National Bank detects $556 mn fraud by Bhushan Power & Steel
The Punjab National Bank (PNB) on Saturday said it had reported a borrowing fraud of 38.05 billion Indian rupees ($556 ......
Finance
Wilful defaults in India cross $21 bn in 2018-19
India’s state-owned banks had classified 1.50 trillion rupees ($21.76 billion) worth of loans as “wilful defaults” in 2018-19, with the ......
Finance
Budget 2019: Will govt look beyond recapitalisation to overhaul state-run banks?
As finance minister Nirmala Sitharaman gives final touches to her first budget speech later this week, she’d be doing so ......
General
Stressed assets this week: Tatas win race for Bhushan Energy; Jaypee Infra in focus
The total number of cases that have ended with the order of liquidation stand at 378 as on 31 March, ......
Finance
PNB hikes bad-loan recovery target by over 50% for FY20
State-owned Punjab National Bank (PNB) has increased its bad-loan recovery target to Rs 25,000 crore for the current financial year. ......
Healthcare
SBI-led lenders to Calyx Chemicals agree for 95% haircut in takeover bid
State Bank of India and other creditors to Calyx Chemicals & Pharmaceuticals Ltd will get less than 5% of their ......
Finance
PNB may take control of two-three smaller state-run banks
India's Punjab National Bank could take control of two or three small state-run banks, that could include Oriental Bank Of ......
Finance
Värde Partners, General Atlantic's pacts to invest in PNB Housing fall through
Alternative investment firms General Atlantic and Värde Partners have terminated agreements to buy a 13.1% stake in PNB Housing Finance ......
General
Stressed assets this week: Spotlight turns on Jet Airways, Gitanjali Gems
Since the Insolvency and Bankruptcy Code (IBC) was passed in 2016, a little over Rs 1.42 lakh crore of claims ......
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