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Punjab National Bank (PNBK.NS)

PNBK.NS on National Stock Exchange of India

74.75INR
18 May 2018
Change (% chg)

Rs-1.70 (-2.22%)
Prev Close
Rs76.45
Open
Rs76.40
Day's High
Rs77.00
Day's Low
Rs74.50
Volume
25,068,232
Avg. Vol
38,699,127
52-wk High
Rs231.45
52-wk Low
Rs74.15

Latest Key Developments (Source: Significant Developments)

Punjab National Bank Says Did Not Receive Charge Sheet Naming Senior Bank Officers From CBI
Wednesday, 16 May 2018 

May 16 (Reuters) - Punjab National Bank ::SAYS CO HAS HAVE NOT YET RECEIVED CHARGE SHEET NAMING SENIOR BANK OFFICERS FROM CBI.  Full Article

India's PNB says aiming to grow total business over 10 percent in 2018/19
Sunday, 6 May 2018 

MUMBAI, May 6 (Reuters) - :* India's Punjab National Bank says aims to grow total business 10.8 percent in 2018/19 to 12 trln rupees.* India's PNB says to use artificial intelligence, analytics for reconciliation of accounts and improving audit system.* PNB says has strengthened credit underwriting process to minimise fraud.* PNB says to give higher weightage to off-site monitoring, cut dependence on physical inspection to identify risks.* PNB says has constituted a stressed assets vertical for early identification of bad loans.  Full Article

Punjab National Bank Says Search Ops Conducted By CBI On SSK Trading On April 13
Friday, 20 Apr 2018 

April 20 (Reuters) - Punjab National Bank ::CLARIFIES ON NEWS ITEM, SIX BANKS, INCLUDING PNB, CHEATED OF 1.87 BILLION RUPEES'.SAID NEWS ITEM IS ABOUT NPA ACCOUNT SSK TRADING WHICH WAS REPORTED AS FRAUD ACCOUNT TO RBI ON SEPTEMBER 2016.SEARCH OPERATIONS WERE CONDUCTED BY CBI ON APRIL 13, 2018 AFTER CO FILED FIR AGAINST SSK TRADING.  Full Article

SBI Confirms CBI Summoning CEO in PNB Fraud Case
Monday, 16 Apr 2018 

April 16 (Reuters) - State Bank Of India ::CBI REQUESTED APPEARANCE OF CEO AND A DEALING OFFICER FROM FRANKFURT FOREIGN OFFICE AND SBI (MAURITIUS).SAYS CBI'S REQUEST FOR APPEARANCE WOULD NOT HAVE ANY MATERIAL IMPACT ON SBI.SBI - APPEARANCE ASKED FOR THOSE WHO HANDLED BUYERS' CREDIT BACKED BY LOUS OF PNB'S BRADY HOUSE BRANCH TO UNDERSTAND PROCESS AT CO'S OVERSEAS OFFICE.  Full Article

Indian Court Sends 6 Accused In Bank Fraud Case To Judicial Custody
Saturday, 3 Mar 2018 

March 3 (Reuters) - Indian Court Sends 6 Accused In Punjab National Bank ::FRAUD CASE TO JUDICIAL CUSTODY.  Full Article

India's Allahabad Bank Says Has $366.87 Mln Exposure To Punjab National Bank Fraud
Saturday, 3 Mar 2018 

March 3 (Reuters) - India's Allahabad Bank ::SAYS HAS AN EXPOSURE OF $366.87 MILLION TO PUNJAB NATIONAL BANK FRAUD.  Full Article

Principal Financial Group To Acquire Ownership Of JV With Punjab National Bank
Tuesday, 2 Jan 2018 

Jan 2 (Reuters) - Principal Financial Group::CO TO ACQUIRE OWNERSHIP OF JV WITH PUNJAB NATIONAL BANK.  Full Article

Punjab National Bank Gets Shareholders' Nod To Raise Capital Up To 50 Bln Rupees
Tuesday, 5 Dec 2017 

Dec 5 (Reuters) - Punjab National Bank ::GETS SHAREHOLDERS' NOD FOR RAISING EQUITY CAPITAL UP TO 50 BILLION RUPEES.  Full Article

India's PNB says has $1 bln in loans to cos in second RBI list for potential bankruptcies
Friday, 3 Nov 2017 

Nov 3 (Reuters) - India's Punjab National Bank :Exec says have 110 billion Indian rupee ($1.70 billion) loan exposure to 9 cos in first RBI list for bankruptcies.Exec says has loan exposure to 20 cos in second cenbank list for potential bankruptcies.Exec says has exposure of 65 billion rupees to cos in second cenbank list for potential bankruptcies.  Full Article

India's Punjab National Bank Sept-qtr net profit up 2 pct
Friday, 3 Nov 2017 

Nov 3 (Reuters) - Punjab National Bank ::Q2 net profit 5.61 billion rupees.Gross NPA ratio at end Sept 13.31 percent.Net NPA ratio at end Sept 8.44 percent.Says domestic loans grew 8.3 percent y-o-y in Sept quarter.Punjab National Bank consensus forecast for Sept quarter net profit was 4.33 billion rupees.Punjab National Bank Sept quarter net profit last year was 5.49 billion rupees.  Full Article

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Indian lender PNB receives warning letter from markets regulator

MUMBAI India's state-owned Punjab National Bank (PNB) said on Thursday it has received a warning letter from India's markets regulator for failing to make timely disclosures to the stock exchanges related to a sprawling $2 billion fraud.