Punjab National Bank to consider capital infusion of Rs 2,816 crore by Government of India on Aug. 6.
Punjab National Bank
Stock Market To Watch : ACC, Asian Paints, Punjab National Bank, United Sprits
✅ Syngene International extended R&D Agreement with Baxter Healthcare till 2024.
✅ IZMO bagged multi-crore order from a leading OEM in Mexico for its car visualizer product.
✅ PNB received Rs 2,816 crore capital infusion from Indian government.
✅ Allahabad Bank received Rs 1,790 crore capital infusion from Indian government.
PNB, other PSBs May Get ₹ 8,000 Crore Lifeline
Gold Silver Reports (GSR) – India’s 3rd-largest state-run lender will issue preferential shares to the government, the people said, asking not to be named as the information isn’t public. This will help restore capital to the level needed to pay the coupon that’s due July 25, they said.
PNB To Concentrate Processing Of Big Loans To 60 Designated Branches
Gold Silver Reports (GSR) – “The bank is in the process of shifting most of the large accounts to SIBs,” the state-run lender said in a release today. The bank will create these SIBs across the country as part of its credit restructuring exercise.
Nirav Modi in Connection with a Money Laundering Case Related to the $2 Billion Nirav Modi in connection with a money laundering case related to the $2 billion Punjab National Bank loan fraud
Gold Silver Reports (GSR) — Nirav Modi in connection with a money laundering case related to the $2 billion Punjab National Bank loan fraud, officials said.
Punjab National Bank (PNB) : Rises On Divestment Plans
Gold Silver Reports (GSR) – Punjab National Bank (PNB): Rises On Divestment Plans — Shares of the fraud-hit lender extended gains for the fourth straight session today, its longest winning streak since Oct last year. The stock rose as much as 4.4 percent to Rs 92.35 apiece.
Punjab National Bank Falls On Rating Downgrade
Gold Silver Reports (GSR) – Punjab National Bank Falls On Rating Downgrade – Shares of the Delhi-based government-owned bank fell as much as 3.7 percent, most in …