PNB increases profit three-fold to Rs 2,223 Cr in Q3, Interest income rises to Rs 29,962 Cr

PNB increases profit three-fold to Rs 2,223 Cr in Q3, Interest income rises to Rs 29,962 Cr Read more »

PNB Housing net profit for the quarter up 51% to Rs 380 crore

PNB Housing Finance Thursday secured a 51 per cent increase in its consolidated net profit to Rs 379.77 crore for the fourth quarter ended March 2019. The company’s net... Read more »

Punjab National Bank, Union Bank, Bank of India to decide on a merger: Report

Some public sector banks could soon receive an invitation from the government to discuss another round of mergers in the sector, a Finance Ministry official told The Economic Times. It... Read more »

RBI imposes Rs 2 crore fine on PNB for violating SWIFT rules

The Reserve Bank of India (RBI) has fined Punjab National Bank (PNB) Rs 2 crore after it found out that it violated the compliance with regulatory directions regarding SWIFT... Read more »

Scamster Billionaire Nirav Modi arrested in London

Nirav Modi, the fugitive jeweller wanted in the 13,000-crore Punjab National Bank scam, has been arrested in London and is being  produced in the Westminster Magistrate’s Court, the UK... Read more »

NCLT, Ahmedabad approves merger of NMCE with ICEX

On August 27, 2018 the NCLT, Ahmedabad approves merger of NMCE with ICEX effective 7th September, 2018. The merged entity will retain the name of ICEX. New board is... Read more »

Government to soon recapitalise some PSBs with Rs 10,000 cr

 The government is likely to recapitalise some state-run banks in urgent need by up to Rs 10,000 crore within a few days to help them meet regulatory capital requirements,... Read more »