PNB.BO - Punjab National Bank

BSE - BSE Real Time Price. Currency in INR
66.10
-0.35 (-0.53%)
At close: 3:56PM IST
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Previous close66.45
Open66.50
Bid0.00 x 0
Ask0.00 x 0
Day's range65.35 - 67.40
52-week range58.65 - 231.60
Volume1,683,771
Avg. volume2,535,839
Market cap203.163B
Beta (3Y Monthly)2.84
PE ratio (TTM)N/A
EPS (TTM)-54.71
Earnings date1 Nov 2018 - 5 Nov 2018
Forward dividend & yieldN/A (N/A)
Ex-dividend date2015-06-22
1y target est99.22
  • The Wall Street Journal12 days ago

    [$$] Examiner Named to Probe for Fraud Links in Samuels Jewelers Case

    , the fugitive owner of Samuels Jewelers Inc., took more than $17 million out of the business in the year before it filed for bankruptcy protection, according to bankruptcy-court reports filed by the company. Mr. Carney found that shell companies linked to Mr. Modi played a role in the alleged fraud.

  • IANS23 days ago

    PNB board okays Rs 5,431-cr capital infusion from government

    New Delhi, Sep 27 (IANS) State-run Punjab National Bank (PNB)'s board on Thursday approved a proposal for capital infusion of Rs 5,431 crore from the Central government by way of preferential issue of equity shares. Following the board meeting, the PNB said in a stock exchange filing that the capital infusion by the Centre would be through the preferential allotment of the bank's equity shares at a price determined as per the capital market regulator Securities and Exchange Board of India (SEBI) regulations.

  • The Wall Street Journallast month

    [$$] Brickley's Take: Judge Orders Examiner in Samuels Jewelers Case

    ordered the appointment of an examiner Tuesday, after a brief debate in the U.S. Bankruptcy Court in Wilmington, Del., where Samuels filed for chapter 11 on Aug. 7, its business battered by fallout from the allegations of fraud brought against it by one of India’s largest banks.

  • Reuterslast month

    Exclusive: CBI scrutinizes India's largest law firm Cyril Amarchand in PNB fraud investigation after documents moved

    MUMBAI/NEW DELHI (Reuters) - India's largest law firm, Cyril Amarchand Mangaldas (CAM), is being scrutinized by federal agents after they seized documents related to the $2 billion fraud at state-run Punjab National Bank (PNB) from CAM’s premises in February, a lawyer representing the government and a police source told Reuters. In what has been dubbed as India's biggest bank fraud, PNB in January alleged that billionaire diamond jeweller Nirav Modi and his uncle had for years fraudulently raised billions of dollars in foreign credit by conspiring with staff at the bank. In mid-February, Modi's aides packed cartons of documents at one of his diamond firm’s offices in Mumbai and sent them to CAM’s office nearby, from where police seized them within a week on Feb. 21, a review of the Central Bureau of Investigation's (CBI) court filings and witness testimonies showed.

  • IANSlast month

    PNB wins Hindi implementation award

    New Delhi, Sep 14 (IANS) State-run Punjab National Bank (PNB) on Friday bagged the "Rajbhasha Kirti" award for outstanding performance in implementing the Official Language Policy during 2017-18, ...

  • IANSlast month

    PNB to auction 21 bad loan accounts to recover Rs 1,320 cr

    New Delhi, Sep 13 (IANS) State-run Punjab National Bank (PNB) has put 21 non-performing assets (NPAs), or bad loan accounts, on sale to recover over Rs 1,320 crore with the e-bidding auction process slated ...

  • IANS India Private Limitedlast month

    PNB to auction 21 bad loan accounts to recover Rs 1,320 cr

    New Delhi, Sep 13 (IANS) State-run Punjab National Bank (PNB) has put 21 non-performing assets (NPAs), or bad loan accounts, on sale to recover over Rs 1,320 crore with the e-bidding auction process slated later this month.

  • The Wall Street Journal2 months ago

    [$$] Brickley's Take: Alleged Indian Bank Fraud Reverberates in Jewelry Bankruptcies

    Bankruptcy examiner John Carney’s probe of the inner workings of an alleged $2 billion bank fraud in the case of Firestar Diamond Inc. is getting a hard look from creditors of Samuels Jewelers Inc. Firestar and its siblings A. Jaffe Inc. and Fantasy Inc., bankrupt in New York, are cousin companies of Samuels, which filed for bankruptcy protection earlier this month in Delaware. , who owns Firestar, A. Jaffe and Fantasy.

  • The Wall Street Journal2 months ago

    [$$] Probe Turns Up Evidence Linking Modi's U.S. Companies to Alleged Fraud

    ’s U.S. jewelry-selling operation was part of an alleged massive bank fraud that has roiled India’s financial sector, according to a new report. Now a fugitive, Mr. Modi was at one time the indirect majority owner of U.S. businesses that supplied major retailers including Costco Wholesale Corp., Macy’s Inc. and Zale Corp.

  • IANS India Private Limited2 months ago

    Fraud hit PNB ranked best PSB for digital transactions

    Swift -- system, has been ranked as the best PSU bank in the overall digital transactions category in India. The bank said in a statement on Saturday: "Based on the recent findings of DFS (Department of Financial Services), PNB is ranked the number 1 PSU bank in digital transactions in India." A Rs 13,500-crore fraud came to light in January, when it was found that the financial messaging system SWIFT was manipulated.

  • IANS2 months ago

    Fraud hit PNB ranked best PSB for digital transactions

    Swift -- system, has been ranked as the best PSU bank in the overall digital transactions category in India. A Rs 13,500-crore fraud came to light in January, when it was found that the financial messaging system SWIFT was manipulated.

  • IANS2 months ago

    Finance Ministry ranks PNB as best PSU bank for digital transactions

    New Delhi, Aug 25 (IANS) A central government report has ranked Punjab National Bank (PNB) as the best PSU bank in the overall digital transactions category in India. According to a PNB statement on Saturday, the report card on the banking sector's performance in digital transactions as on July 31, 2018 was prepared by the Ministry of Finance.

  • IANS India Private Limited2 months ago

    Will further strengthen internal systems: PNB

    New Delhi, Aug 13 (IANS) State-run Punjab National Bank (PNB) on Monday said it will continue to strengthen its internal systems to foil any future attempts at fraud despite demonstrations by the employees' union of the lender at some centres. "PNB is taking all required steps to check any kind of gap, loopholes and deviations in system and procedures," the company said in a statement on Monday. "The norms are being strengthened and standard operating procedures are being revisited." Recently, PNB has taken several steps to strengthen its internal systems such as a credit restructuring exercise under which large accounts as well as lending operations will be concentrated in a "few specially designated" branches.

  • IANS2 months ago

    Will further strengthen internal systems: PNB

    New Delhi, Aug 13 (IANS) State-run Punjab National Bank (PNB) on Monday said it will continue to strengthen its internal systems to foil any future attempts at fraud despite demonstrations by the employees' union of the lender at some centres. "PNB is taking all required steps to check any kind of gap, loopholes and deviations in system and procedures," the company said in a statement on Monday. Recently, PNB has taken several steps to strengthen its internal systems such as a credit restructuring exercise under which large accounts as well as lending operations will be concentrated in a "few specially designated" branches.

  • IANS2 months ago

    PNB scam: Centre dismisses former MD on last day of service

    New Delhi, Aug 13 (IANS) The central government on Monday dismissed former Allahabad Bank Managing Director Usha Ananthasubramanian on the day she was to superannuate from service, according to an official notification. In May this year, Ananthasubramanian had been divested of all her powers as MD of Allahabad Bank after being named in a Central Bureau of Investigation (CBI) chargesheet in the Rs 14,000 crore Punjab National Bank (PNB) fraud allegedly committed by absconding diamantaire Nirav Modi, but had continued to remain an employee of the bank.

  • Exclusive: Punjab National Bank likely to shut down Hong Kong branch amid rising NPAs in big borrowers' accounts
    Firstpost2 months ago

    Exclusive: Punjab National Bank likely to shut down Hong Kong branch amid rising NPAs in big borrowers' accounts

    Punjab National Bank, which was defrauded by diamantaire Nirav Modi and Mehul Choksi, is reviewing the performance of its overseas banking operation

  • IANS2 months ago

    Punjab National Bank Q1 net loss at Rs 940 cr

    Mumbai, Aug 7 (IANS) State-run Punjab National Bank (PNB) on Tuesday reported a net loss of Rs 940.01 crore for the first quarter of 2018-19. According to the lender, its Q1 net loss stood at Rs 940.01 ...

  • IANS India Private Limited2 months ago

    Punjab National Bank Q1 net loss at Rs 940 cr

    Mumbai, Aug 7 (IANS) State-run Punjab National Bank (PNB) on Tuesday reported a net loss of Rs 940.01 crore for the first quarter of 2018-19.

  • Reuters2 months ago

    Fraud-hit lender PNB plots revival after second straight quarterly loss

    BENGALURU/NEW DELHI (Reuters) - India's Punjab National Bank reported a second straight quarterly loss on Tuesday as it earmarked more funds to cover a massive fraud, but expects faster bad loan recovery to help it return to a profit for the full year. PNB, the fourth-biggest bank by assets among all of India's lenders, in February said it had been defrauded by two jewellery groups which raised more than $2 billion in credit overseas using fake guarantees provided by the bank's staff in Mumbai. The bank is taking every possible measure "so that we can bounce back in the shortest possible time," Chief Executive Sunil Mehta told a news conference, outlining steps for boosting recovery of bad loans, conservation of capital and further capital increase via the sale of non-core assets and stakes in units.

  • Punjab National Bank posts Rs 940 crore loss for first-quarter on fraud-related provisions
    Firstpost2 months ago

    Punjab National Bank posts Rs 940 crore loss for first-quarter on fraud-related provisions

    PNB in February said it had been defrauded by two jewellery groups that raised more than $2 billion credit overseas using fake guarantees.

  • PNB Posts Consecutive Quarterly Loss on Fraud-Related Provisions
    News182 months ago

    PNB Posts Consecutive Quarterly Loss on Fraud-Related Provisions

    Net loss was 9.40 billion rupees ($136.72 million) for the three months to June 30, compared with a profit of 3.43 billion rupees a year earlier, the bank said in a statement.

  • IANS2 months ago

    Parliamentary panel suggests restoring banned LoUs

    New Delhi, Aug 6 (IANS) A Parliamentary panel on Monday said the banning of Letter of Understanding (LoU)/Letter of Comfort (LoC) post Punjab National Bank (PNB) scam was a "knee-jerk reaction by the RBI" and needs to be restored at the earliest. "Discontinuation of the practice of issuance of LoU/LoC for trade credit by the RBI was a knee-jerk reaction," the Parliamentary Standing Committee on Commerce said in its report presented in Parliament on Monday. "The Committee feels that the RBI got unnerved with the PNB fraud and it hastened the decision to ban LoU/LoC without much thought and consideration," the report said.

  • India sends extradition request to UK for fugitive billionaire Nirav Modi
    Reuters3 months ago

    India sends extradition request to UK for fugitive billionaire Nirav Modi

    India has asked Britain to extradite billionaire jeweller Nirav Modi, one of the main accused in the $2 billion loan fraud at state-run Punjab National Bank (PNB). Modi's whereabouts have been unknown since PNB in January said that two jewellery groups headed by Modi and his uncle, Mehul Choksi, defrauded the bank for years by raising foreign credit using fake guarantees.

  • The Wall Street Journal3 months ago

    [$$] Fraud-Hit Indian Bank Gets Bailout to Avert Bond Panic

    India injected more than $400 million into one of its largest state-backed lenders, scrambling to avoid a potential crisis of confidence in the debt markets. said it had received 28.2 billion rupees ($408.9 million) from the government. The infusion means the bank, which earlier this year said it had suffered a $2 billion fraud, will be able to make a coupon payment due this week on 15 billion rupees of “contingent convertible” bonds, or CoCos.