Pnb Shares News

Irrespective of the insolvency case, lenders can raise issue of liability of promoters, if fraud is found to have happenedPNB’s peers are also now likely to undertake their own forensic audits

PNB is expected to clock a net profit of ₹22.66 billion for the year ending March 2020, which would be its highest annual profit in 5 yearsPNB's loan growth is estimated to be 8.33% for fiscal 2020, its highest in 4 years

The bank has reported quarterly losses for three consecutive quarters and is struggling to put behind the effect of the scam

Punjab National Bank's total provisioning increased to 9,757 crore in September quarter from 2,440 crore in the year-ago period

PNB had filed an application dated 1 October and later a revised application on 24 October on behalf of the government seeking such an exemption

The assets have been attached as part of five separate orders issued by the Enforcement Directorate under the Prevention of Money Laundering Act

PNB Housing Finance shares surge 6.47% to ₹1,269.05 on BSE after the company said that PNB and Carlyle Group are planning to sell at least 51% stake in the company

Fitch Ratings downgrades the viability rating of scam-hit PNB to b from bb-, and maintains it on rating watch negative

For loan of 6-month tenor, the borrowing rate will be costlier by 0.05% to 8.30%. While for one, 3 and 5-year loan terms, the new rates are up by 0.10% each to 8.40%, 8.55% and 8.70%, respectively

Currently, the market cap of PNB Housing stands at Rs21,122.08 crore, while PNB has Rs20,856.13 crore in market cap