The bank has raised Rs 3,788.04 crore from qualified institutional placement (QIP) in December following which the government holding in the bank came down from 85.59 per cent to 76.87 per cent.
PNB has already informed its customers that it will ban both financial and non-financial transactions from non-EMV ATM machines from February 1.
State-owned Punjab National Bank (PNB) on Thursday announced the extension of its festival bonanza offer till March.
In a major banking fraud, prominent banks in the country have been cheated of over 500 crore rupees. The Central Bureau of Investigation (CBI) has registered two separate cases relating to the bank frauds.
According to the changed rule, cash withdrawals from Punjab National Bank ATMs will now not be possible without an OTP.
The Punjab National Bank (PNB) is going to introduce the OTP-based cash withdrawal system. The bank will launch OTP Based ATM Withdrawal for transactions system from December 1, 2020.
The Economic Offences Wing of the Delhi Police has arrested a man who duped the Punjab National Bank (PNB) of Rs 24.13 crores. The accused hypothecated stock with the bank and sold the same without informing the bank.
Naval Kant Tiwari, former deputy director, information, told reporters, "When I was posted in Gorakhpur, I took a joint locker with my wife Snehlata at the Punjab National Bank main branch in the city. My wife's jewellery worth around Rs 35 lakh was kept in it."
Several masked men looted Rs 7 lakh from Punjab National Bank in Haryana's Jhajjar on October 21.
PNB SO Recruitment: A notification for the recruitment at Punjab National Bank (PNB) has been released on the official website of the bank. Aspirants who wish to apply for bank jobs should note that the PNB SO Vacancy has been notified for the post of Specialist Officer (Manager & Senior Manager).
PNB SO Recruitment 2020: The Punjab National Bank (PNB) has invited applications for the post of Specialist Officer (Manager & Senior Manager). Interested candidates should read on to know about the last date to apply, eligibility criteria, selection criteria and the salary offered.
Qualified Institutional Placement (QIP) would be the most preferred way and public sector banks are likely to take a call on taking this route after finalisation of their second quarter results, merchant banking sources said.
Punjab National Bank has sanctioned loans close to 3 lakh accounts under the Rs 3-lakh crore Emergency Credit Line Guarantee Scheme (ECLGS) for MSME sector, impacted badly due to economic slowdown triggered by COVID-19 outbreak.
The country’s second largest lender Punjab National Bank is planning to hit capital markets in the fourth quarter this fiscal to raise funds to help meet growth needs and regulatory requirements.
The public sector lender collected Rs 152.88 crore from customers by levying annual maintenance charges (AMC) on debit cards.While Rs 115.21 crore was garnered by way of levying a fee on ATM transactions, the bank said.
State-owned banks Punjab National Bank (PNB) and Indian Overseas Bank on Tuesday announced reduction in their lending rates linked to the repo rate by 75 basis points, effective April 1. This follows last week's decision by the RBI to cut the repo rate by 75 bps.
As novel coronavirus pandemic that has impacted our economy, there was a dilemma if the merger would be postponed for some time or not , the Reserve Bank of India cleared the air that the merger of 10 PSUs will still take place on the set date i.e. April 1, 2020.
Ahead of a grand merger with two banks namely United Bank of India (UBI) and Oriental Bank of Commerce (OBC) on April 1, the Punjab National Bank (PNB) has unveiled its new logo.
With the March-end deadline for the biggest-ever amalgamation scheme is approaching, eight state-owned banks on Thursday announced swap ratios for the proposed mergers
The thieves escaped with the money after breaking open the ATM of Punjab National Bank installed outside the gate of a sugar mill unit on Khurja Pahasu state highway late on Saturday night, Superintendent of Police (Crime) Shivram Yadav said.
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