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Punjab National Bank (PNBK.NS)

PNBK.NS on National Stock Exchange of India

73.20INR
16 Nov 2018
Change (% chg)

Rs2.05 (+2.88%)
Prev Close
Rs71.15
Open
Rs71.40
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Rs74.15
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Rs70.60
Volume
29,393,571
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33,424,494
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Rs200.90
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Rs58.45

Latest Key Developments (Source: Significant Developments)

Punjab National Bank Says Carlyle Group Withdraws From Joint Stake Sale Process
Tuesday, 13 Nov 2018 

Nov 13 (Reuters) - Punjab National Bank ::SAYS CARLYLE GROUP HAS WITHDRAWN FROM JOINT STAKE SALE PROCESS AND JOINT STAKE SALE PROCESS HAS BEEN TERMINATED.SAYS PNB WILL CONTINUE TO PURSUE AND PROCEED WITH AN INDEPENDENT SALE OF ITS SHAREHOLDING IN PNBHFL.  Full Article

India's Punjab National Bank Posts Sept-Qtr Net Loss
Friday, 2 Nov 2018 

Nov 2 (Reuters) - Punjab National Bank ::SEPT QUARTER NET LOSS 45.32 BILLION RUPEES VERSUS PROFIT OF 5.61 BILLION RUPEES LAST YEAR.CONSENSUS FORECAST FOR SEPT QUARTER NET LOSS WAS 14.38 BILLION RUPEES.SEPT QUARTER INTEREST EARNED 123.26 BILLION RUPEES VERSUS 122.99 BILLION RUPEES LAST YEAR.SEPT QUARTER PROVISIONS AND CONTINGENCIES 97.58 BILLION RUPEES VERSUS 24.41 BILLION RUPEES LAST YEAR.SEPT QUARTER GROSS NPA 17.16 PERCENT VERSUS 18.26 PERCENT PREVIOUS QUARTER.SEPT QUARTER PROVISIONS FOR NPAS 77.33 BILLION RUPEES VERSUS 26.94 BILLION RUPEES LAST YEAR.SEPT QUARTER NET NPA 8.90 PERCENT VERSUS 10.58 PERCENT PREVIOUS QUARTER.IN QUARTER, PROVISION OF 5.19 BILLION RUPEES IN RESPECT OF 24 BORROWAL ACCOUNTS UNDER THE PROVISIONS OF IBC AND RBI DIRECTIONS.SAYS TOTAL PROVISION MADE IN 24 BORROWAL ACCOUNTS UNDER BANKRUPTCY IS 107.36 BILLION RUPEES IN THE QUARTER.MADE PROVISION OF 32.95 BILLION RUPEES IN QUARTER ENDED 30.09.2018 FOR FRAUD AT BRADY HOUSE MUMBAI BRANCH.PROVISIONING COVERAGE RATIO AS AT 30TH SEPTEMBER 2018 WORKS OUT TO 66.92 PERCENT.MTM LOSSES FOR QUARTER AMOUNTING TO 5.29 BILLION RUPEES HAVE BEEN FULLY PROVIDED DURING THE QUARTER.  Full Article

Punjab National Bank To Consider Infusion Of 54.31 Bln Rupees By Govt Of India
Wednesday, 26 Sep 2018 

Sept 26 (Reuters) - Punjab National Bank ::TO CONSIDER CAPITAL INFUSION BY GOVERNMENT OF INDIA.TO CONSIDER INFUSION OF 54.31 BILLION RUPEES BY GOVERNMENT OF INDIA VIA PREFERENTIAL ISSUE OF EQUITY SHARES.  Full Article

India's PNB CEO: Bandhan Bank Is One Of The Bidders For PNB Housing Finance-CNBC TV18
Thursday, 23 Aug 2018 

Aug 23 (Reuters) - Bandhan Bank Ltd ::INDIA'S PUNJAB NATIONAL BANK CEO SAYS BANDHAN BANK IS ONE OF THE BIDDERS FOR PNB HOUSING FINANCE - CNBC TV18.INDIA'S PUNJAB NATIONAL BANK CEO SAYS EXPECTS PNB HOUSING SALE TO BE COMPLETED BY END OF Q3 - CNBC TV18.  Full Article

India's PNB Exec Says Looking To Recover 200 Bln Rupees In First Half Of 2018/19
Tuesday, 7 Aug 2018 

Aug 7 (Reuters) - Punjab National Bank Exec::EXEC SAYS HAS CREATED A STRESSED ASSETS MANAGEMENT VERTICAL WITH ABOUT 3,000 PEOPLE.EXEC SAYS RECOVERS 84.45 BILLION RUPEES OF BAD LOANS IN Q1.EXEC SAYS LOOKING TO RECOVER 200 BILLION RUPEES IN FIRST HALF OF 2018/19.EXEC SAYS DOMESTIC NET INTEREST MARGIN IN Q1 AT 2.9 PERCENT VERSUS 2.56 PERCENT A YEAR AGO.EXEC SAYS GROSS SLIPPAGES IN APRIL-JUNE QUARTER AT 52.5 BILLION RUPEES.  Full Article

India's Punjab National Bank Posts June Qtr Loss
Tuesday, 7 Aug 2018 

Aug 7 (Reuters) - Punjab National Bank ::JUNE QUARTER NET LOSS 9.40 BILLION RUPEES VERSUS PROFIT OF 3.43 BILLION RUPEES LAST YEAR.JUNE QUARTER INTEREST EARNED 131.13 BILLION RUPEES VERSUS 121.36 BILLION RUPEES LAST YEAR.JUNE QUARTER PROVISIONS AND CONTINGENCIES 57.58 BILLION RUPEES VERSUS 26.09 BILLION RUPEES LAST YEAR.JUNE QUARTER PROVISIONS FOR NPAS 49.82 BILLION RUPEES VERSUS 25.60 BILLION RUPEES LAST YEAR.CONSENSUS FORECAST FOR JUNE QUARTER NET LOSS WAS 24.18 BILLION RUPEES.JUNE QUARTER GROSS NPA 18.26 PERCENT VERSUS 18.38 PERCENT PREVIOUS QUARTER.JUNE QUARTER NET NPA 10.58 PERCENT VERSUS 11.24 PERCENT PREVIOUS QUARTER.BANK MADE PROVISION OF 18.63 BILLION RUPEES DURING JUNE-QUARTER RELATED TO FRAUD.SAYS REMAINING PROVISION FOR FRAUD WILL BE MADE IN NEXT TWO QTRS OF THE CURRENT FINANCIAL YRS.ADDITIONAL PROVISION FOR MTM LOSSES ON ALL INVESTMENTS IN AFS AND HFT REQUIRED FOR QUARTER IS 7.25 BILLION RUPEES.REMAINING MTM LOSSES OF 12.09 BILLION RUPEES HAVE BEEN DEFERRED TO THE SUBSEQUENT THREE QUARTERS.PROVISIONING COVERAGE RATIO AS AT 30TH JUNE 2018 WORKS OUT TO 61.80 PERCENT.DURING QUARTER, BANK APPROPRIATED RECOVERY OF INR 3.36 BILLION IN A NPA ACCOUNT; SUM GOT CONSIDERED AS ELIGIBLE CREDIT FOR CALCULATION OF NPA PROVISION.  Full Article

Punjab National Bank Says PNB Metlife India Insurance Company Files For IPO
Friday, 27 Jul 2018 

July 27 (Reuters) - Punjab National Bank ::PNB METLIFE INDIA INSURANCE COMPANY FILES FOR IPO.PNB METLIFE INDIA INSURANCE COMPANY'S IPO THROUGH OFS OF UP TO 495.9 MILLION SHARES.PNB METLIFE INDIA INSURANCE COMPANY'S IPO INCLUDES DILUTION OF UP TO 80.5 MILLION SHARES BY PUNJAB NATIONAL BANK.  Full Article

India's PNB Enters Inter-Creditor Agreement For Resolution Of Stressed Assets
Tuesday, 24 Jul 2018 

July 24 (Reuters) - Punjab National Bank ::PURSUANT TO APPROVAL BOARD OF DIRECTORS, BANK ENTERED INTER-CREDITOR AGREEMENT FOR RESOLUTION OF STRESSED ASSETS.  Full Article

India to inject 113.36 bln rupees in five state banks - CNBC TV 18
Tuesday, 17 Jul 2018 

July 17 (Reuters) - Indian Govt To Inject Capital In 5 Banks, Including Punjab National Bank ::INDIAN GOVERNMENT ANNOUNCES 113.36 BILLION RUPEES IN FIVE STATE-RUN BANKS - CNBC TV 18.INDIAN GOVERNMENT TO ALSO INFUSE CAPITAL IN INDIAN OVERSEAS BANK, CORPORATION BANK, ANDHRA BANK AND CORPORATION BANK - CNBC TV 18.  Full Article

PNB Housing Finance Says Got Communication From PNB, Quality Investment Holdings On Sale Of Minimum 51 Pct Stake In Co
Tuesday, 10 Jul 2018 

July 10 (Reuters) - PNB Housing Finance Ltd ::PNB HOUSING FINANCE GOT COMMUNICATION FROM PUNJAB NATIONAL BANK & QUALITY INVESTMENT HOLDINGS (CARLYLE GROUP) ON SALE OF MINIMUM 51 PERCENT STAKE IN CO.  Full Article

REFILE-UPDATE 1-India's Modi unveils aid for small businesses as elections near

NEW DELHI, Nov 2 India's Prime Minister Narendra Modi on Friday unveiled a dozen measures to support small- and medium-sized businesses, as he aims to woo a large voting bloc ahead of a national election next year.