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Punjab National Bank

Why Is It Important To Redo Your KYC, And Here’s How To Do It

Know your customer (KYC) refers to the documentation that needs to remain updated with your latest details, with the financial institution, according to Reserve Bank of India rules

08 August 2023

RBI’s New Guidelines On General Credit Card Scheme: All You Need To Know

RBI issues new guidelines on General Credit Card (GCC) scheme. Read on to learn more about the scheme and RBI rules applicable to credit card holders.

27 April 2023

Fugitive Nirav Modi

SC Sends To Bombay HC CBI Plea Against Nod Granted To Nirav Modi’s Brother-In-Law To Travel To Hong Kong

The CBI plea, filed through its Director, Banking Securities Fraud Branch, Mumbai, challenged the August 23, 2022 order of the Bombay High Court which had allowed Mehta to travel to Hong Kong and stay there for three months.

09 February 2023

SBI

SBI Slow In Procurement From Gem Portal; Lags Behind Smaller Counterparts In 2022-23

According to government data, India's largest lender SBI was quite slow in procuring goods and services from government-owned GeM portal in 2022-23 and lagged behind smaller counterparts, including Canara Bank and Punjab...

21 May 2023

Bank Of Baroda, Union Bank Of India, PNB Increase Lending Rates

Bank of Baroda and Union Bank of India raised Marginal Costs of Funds-Based Lending Rates (MCLR) by 5 basis points. Punjab National Bank and Bank of Baroda raised their RLLR, making loans more expensive.

11 February 2023

Punjab National Bank

PNB Q3 Net Profit Slips 44% To Rs 629 Crore

The state-owned bank had earned a net profit of Rs 1,127 crore in the year-ago period

30 January 2023

PNB

PNB Q4 Profit Jumps Over 5-Fold To Rs 1,159 Crore

During the quarter, the bank's total income increased to Rs 27,269 crore from Rs 21,095 crore a year ago, PNB said in a regulatory filing

19 May 2023

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Moody's Affirms Deposit Rating Of SBI, Upgrades For PNB, BoB, Canara Bank

Moody's Affirms Deposit Rating Of SBI, Upgrades For PNB, BoB, Canara Bank

The outlooks on long-term ratings of all the four banks remain stable, Moody's Investors Service said in a statement

20 January 2023

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12 January 2023
CBI Books Rishi Agarwal In Another Case Of Defrauding PNB-Led Consortium Of Rs 1,688 Crore

CBI Books Rishi Agarwal In Another Case Of Defrauding PNB-Led Consortium Of Rs 1,688 Crore

The CBI conducted searches at three locations, including Mumbai and Jaipur, which led to the recovery of several incriminating documents and articles, said a...


21 December 2022
Droupadi Murmu Inaugurates PNB’s Revamped Branch At President’s Estate

Droupadi Murmu Inaugurates PNB’s Revamped Branch At President’s Estate

Finance Minister Nirmala Sitharaman was also present at the inauguration


17 December 2022
PNB Fraud Case: CBI Files 3 Fresh FIRs Against Mehul Choksi In Over Rs 6,700-Cr Fraud Case

PNB Fraud Case: CBI Files 3 Fresh FIRs Against Mehul Choksi In Over Rs 6,700-Cr Fraud Case

Four years after Choksi's dramatic escape and the failure of the state-run PNB to detect the scam between 2010 and 2018, the bank submitted three complaints to...


24 November 2022
Nirav Modi Seeks Permission To Appeal Extradition To India In UK Top Court

Nirav Modi Seeks Permission To Appeal Extradition To India In UK Top Court

Nirav, who remains behind bars at Wandsworth Prison in London, had two weeks to file an application seeking an appeal on the grounds of a point of law of...


09 November 2022
UK High Court Orders Fugitive Nirav Modi's Extradition To India

UK High Court Orders Fugitive Nirav Modi's Extradition To India

Diamond merchant Nirav Modi faces fraud and money laundering charges in India. He is currently lodged in a British jail.


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01 November 2022
Punjab National Bank Q2 Net Profit Falls 63% To Rs 411 Crore

Punjab National Bank Q2 Net Profit Falls 63% To Rs 411 Crore

The bank had posted a net profit of Rs 1,105 crore in the year-ago period


31 August 2022
PNB Hikes MCLR By 0.05% Across Tenors From September 1

PNB Hikes MCLR By 0.05% Across Tenors From September 1

The benchmark one-year tenor MCLR, which is used to price most consumer loans such as car, auto and personal, will be at 7.70 per cent against the existing...


14 July 2022
PNB Joins Account Aggregator Ecosystem, Eliminates Physical Documentation For Customers

PNB Joins Account Aggregator Ecosystem, Eliminates Physical Documentation For Customers

Other banks including SBI, Canara Bank and Indian Bank have started the implementation process. However, PNB is the second public sector bank to go live in...


07 July 2022
IAF Signs MoU With PNB; Renews Existing One With SBI For Its Air Warriors

IAF Signs MoU With PNB; Renews Existing One With SBI For Its Air Warriors

Both these schemes provide a host of benefits, including insurance cover for death on duty, air accident, and permanent total disability along with the usual...


23 June 2022
Bank Of India Launches 444-Day Term Deposit At 5.5% Return; Seniors To Get 0.5% More

Bank Of India Launches 444-Day Term Deposit At 5.5% Return; Seniors To Get 0.5% More

Bank of India launched special term deposit as part of its upcoming 117th foundation day celebrations in September


17 June 2022
PNB Customers Must Give Details Of High-Value Cheques Before Clearance

PNB Customers Must Give Details Of High-Value Cheques Before Clearance

Punjab National Bank (PNB) implemented the Positive Pay Confirmation from April 4, 2022, under the PPS framework mandatory for cheques of Rs 10 lakh and above


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15 June 2022
Fitch Revises Rating Outlook On 9 Banks Including SBI, ICICI Bank And Axis Bank

Fitch Revises Rating Outlook On 9 Banks Including SBI, ICICI Bank And Axis Bank

"Fitch Ratings has revised the Outlook to Stable from Negative on the Long-Term Issuer Default Ratings (IDR) of 9 India-based banks, while affirming their...


10 June 2022
HDFC, Indian Overseas Bank Hike Lending Rate By 0.50%

HDFC, Indian Overseas Bank Hike Lending Rate By 0.50%

Earlier on Wednesday, three state-owned lenders Punjab National Bank, Indian Bank and Bank of India had announced raising their respective repo-based lending...


13 May 2022
Union Bank Of India Q4 Profit Up 8% At Rs 1,440 Crore

Union Bank Of India Q4 Profit Up 8% At Rs 1,440 Crore

The lender had logged a net profit of Rs 1,330 crore in the same quarter of previous fiscal year.


13 May 2022
Bandhan Bank Q4FY22 Net Profit Jumps Multi-Fold To Rs 1,902 Crore

Bandhan Bank Q4FY22 Net Profit Jumps Multi-Fold To Rs 1,902 Crore

The bank had posted a net profit of Rs 103 crore in the year-ago quarter.


13 April 2022
Punjab National Bank Launches Cardless Cash Withdrawal Facility

Punjab National Bank Launches Cardless Cash Withdrawal Facility

Apart from cardless cash withdrawal and virtual debit cards, the bank has launched a range of other select digital services on its mobile app named PNB One for...


30 March 2022
Future Group Defaults On Loan Repayment Of Rs 19.16 Crore Again; Second Time This Month

Future Group Defaults On Loan Repayment Of Rs 19.16 Crore Again; Second Time This Month

FEL said it had a review period of 30 days from the due date in terms of the RBI circular dated August 6, 2020, and further in terms of the provision of the...


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