Shares of state-owned lender Punjab National Bank (PNB) rallied 7% to the day’s high of Rs 128 on BSR after reporting a 159% year-on-year (YoY) jump in its net profit for the quarter ended June 30, 2024, while the bank’s net interest income (NII) rose to Rs 10,476 crore, up by 10% YoY. The net …
/photos/market/ultratech-cement-icici-bank-pnb-bhel-sbi-cards-ntpc-dr-reddy-biocon-mcx-stocks-to-watch-july-29-19450547.htm Copied 0 UltraTech Cement | The cement maker approved the acquisition of a 28.42% stake from promoters of India Cements, confirming a CNBC-TV18 newsbreak. UltraTech will buy N Srinivasan’s 28.42% stake in India Cements, which will increase its stake to 51%. /photos/market/ultratech-cement-icici-bank-pnb-bhel-sbi-cards-ntpc-dr-reddy-biocon-mcx-stocks-to-watch-july-29-19450547.htm Copied ICICI Bank | The private sector lender reported its quarterly earnings …
The Reserve Bank of India (RBI) penalised five banks including Punjab National Bank (PNB) with various RBI directions, reported The Economic Times. RBI imposed a penalty of ₹1.31 crore on PNB, which became the fifth bank for getting the wrath of the banking regulator. Other banks fined by the RBI are The Gujarat Rajya Karmachari …
In the afternoon session on January 24, the market displayed a robust rebound, primarily driven by short covering. However, it encountered significant resistance around the 21,500 mark. On January 24, the BSE Sensex surged by 690 points, reaching 71,060, and the Nifty 50 experienced a gain of 215 points, closing at 21,454. Despite the Nifty …
The National Company Law Tribunal (NCLT) has granted PC Jeweller and State Bank of India (SBI) an additional 20 days to resolve the matter concerning a default on a loan payment of ₹1,180.2 crore by PC Jeweller. The NCLT adjourned the case until 29 January after considering the ongoing settlement talks. SBI initiated insolvency proceedings …
Image Source : FILE/REPRESENTATIVE FY24 to be golden year for Punjab National Bank: MD Atul Goel According to Punjab National Bank’s managing director Atul Kumar Goel, this fiscal year is expected to be a “golden year” for the state-owned bank as a result of its multi-pronged strategy and unwavering focus. Goel stated in his message …