PNB increases profit three-fold to Rs 2,223 Cr in Q3, Interest income rises to Rs 29,962 Cr Read more »
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 profit stood at... Read more »
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 is speculated to... Read more »
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 operations, the bank... Read more »
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 police said. He... Read more »
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 to be re-constituted... Read more »
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, official sources said... Read more »