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Topic: Punjab National Bank


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In the News (Tue 29 Dec 09)

  
 Punjab National Bank - Wikipedia, the free encyclopedia
Punjab National Bank (PNB) is the second largest public sector bank in India with about 4500 branches and offices throughout the country.
It was incorporated in 1913, and in 1965 had acquired selected assets and deposits of the Coimbatore National Bank.
1986 The Reserve Bank of India required PNB to transfer its London branch to State Bank of India after the branch was involved in a fraud scandal.
en.wikipedia.org /wiki/Punjab_National_Bank

  
 ICRA rating rational - Punjab National Bank
PNB has the lowest credit-deposit ratio (45%-47% during the last four years) amongst the sample of peer public sector banks (State Bank of India, Bank of Baroda and Bank of India), because of a large investment portfolio, which exposes the bank to yield risk.
PNB compares favourably with its similar sized peer banks on gross interest spread (yield on average funds less cost of average funds), yield on investments, operating profitability and non-interest income, as a proportion of average total assets.
PNB’s capital adequacy as on March 31, 1998 was 8.81% against the RBI stipulated norm of 8%.
www.debtonnet.com /icrarr/bfdec98pn.htm

  
 Punjab National Bank
With its presence in virtually all the important centres of the country, PNB offers a wide range of banking services, catering to multinational companies while financing agriculture as well.
It has strong correspondent relations with 217 leading international banks all over the world and maintains accounts in as many as thirteen currencies.
With a long tradition of sound banking and an in-depth knowledge of the India economy, the bank is well-poised to built upon its considerable successes for many years to come.
indiapublicsector.com /Pnb_p.htm

  
 rediff.com: Punjab National Bank plans IPO this year: Reuters
Punjab National Bank, one of the largest state-run banks in India, plans to make an initial public offering of shares later this year, its chief said.
The bank is also embarking on branch expansion catering to high value clients, he said.
Kohli said the bank's focus this year would be on retail loans.
www.rediff.com /money/2001/may/28pnb.htm

  
 Punjab National Bank to open Colombo branch:- - News - Webindia123.com
New Delhi, June 29 : The Punjab National Bank (PNB) is planning to further expand its presence overseas with a full-fledged branch in the Sri Lankan capital even as it opened a representative office in Dubai Wednesday.
"PNB was the only nationalised bank to register such a big rise in net profits.
In the case of other nationalised banks, their net profits got flattened out," said Dabas.
news.webindia123.com /news/showdetails.asp?id=92656&...&cat=India

  
 The Hindu Business Line : Punjab National Bank: Invest at Rs. 390
Punjab National Bank may be asked to take over the bad loans of IFCI also in a merger.
The Punjab National Bank stock is, however, not the premier pick in the banking sector.
Among public sector banks, the Punjab National Bank stock is the most richly valued.
thehindubusinessline.com /iw/2005/03/06/stories/2005030600330900.htm

  
 Punjab National Bank to restructure operations
Jilani said Punjab National Bank board has already taken presentations from eight management consultancy firms in this regard and by the month-end three firms would be selected for detailed presentation.
PNB would be among the top three banks in the country after the final restructuring process, he said.
Commenting on the impact of restructuring on the financial health of the bank, he said it will surely reflect on the balance sheet in the next few years.
www.expressindia.com /fe/daily/19971110/31455183.html

  
 Education Loan Information- Punjab National Bank - Sify.com
Punjab National Bank offers attractive and need based loan schemes to bright and deserving students with a view to provide better educational facilities.
PNB's attractive Education Loan Scheme - "Vidyalakshyapurti" is designed to provide financial support to deserving students to undertake basic education and to the meritorious students to pursue higher professional and technical education in India and Abroad.The Scheme enables all type of needy students viz., students of +2 Stage, Graduation courses - B.A., B.Com., B.Sc.
This is aimed to facilitate all types of education such as general, professional or vocational courses to come within easy reach of students.
sify.com /education/fullstory.php?id=13507511

  
 Kabul
As of June, 2004, three banks currrently operate in Kabul: the Standard Chartered Bank, Punjab National Bank and the Habib Bank of Pakistan
Afghan National Museum, notably displaying an impressive statue of Surya excavated at Khair Khana.
Places of interest include West Kabul, the Kabul Museum, Darul Aman Palace, the Kabul Zoo, Babur Gardens, Bala Hisar, Shah Do Shamshera Mosque, the Afghan National Gallery, the Afghan National Archive, the Afghan Royal Family Mausoleum, the OMAR Mine Museum, Bibi Mahroo Hill, the Kabul Christian Cemetry, and Paghman Gardens.
www.sciencedaily.com /encyclopedia/kabul

  
 The Hindu : Tamil Nadu / Tiruchi News : Punjab National Bank to extend value-added service
The Punjab National Bank has completed centralised banking solution (interconnectivity of branches) in 635 service outlets of over 135 centres to give online and value-added services to customers, the Deputy General Manager of the bank, S. Aggarwal, said.
The Senior Regional Manager of the Tiruchi Region of the Bank, K. Ram Mohan, highlighted various facilities offered by the bank and said it had the largest network of branches among nationalised banks with 4,475 branches and achieved cent per cent computerisation.
Speaking at power point presentation organised jointly by the regional office of the bank and its industrial area branch at the BHEL campus here recently, he said the bank was planning to extend the facility to 1,200 branches by March.
www.hinduonnet.com /2004/08/20/stories/2004082004490300.htm

  
 IndiaDaily - Govt clears Punjab National Bank's share offer
It has asked PNB to issue 80 million shares instead of 50 million proposed by the bank in November.
The government's equity in PNB, India's second-biggest bank by number of branches, will decline to 57 percent from 80 percent after the public issue and share buyback.
He said the government wanted to reduce its equity in the bank but the law did not allow it to sell its shares directly to the market.
www.indiadaily.com /breaking_news/20254.asp

  
 Punjab National Bank revises deposit rates - Deccan Herald
Punjab National Bank has hiked interest rates on domestic term deposits by 0.25-0.50 per cent in view of hardening rates in the economy.
Punjab National Bank revises deposit rates - Deccan Herald
The revised interest rates would be effective from November 22, the bank said in a release here.
www.deccanherald.com /deccanherald/nov192004/b11.asp

  
 Punjab National Bank (PNB) to open Overseas Branches
Punjab National Bank which is wholly owned by the Central Government, plans a public issue once domestic equity markets improve.
PNB the second largest bank in India in terms of the number of branches accross the country planning to open a representative office in China and then setup two or
China is expected a huge opportunity for banking as it is the most populous nation and is in a developing stage.
www.namasthenri.com /banks/2811a.htm

  
 Punjab National Bank board clears maiden public issue
NEW DELHI, Nov 21: The board of directors of Punjab National Bank (PNB) on Friday cleared the proposal for the bank's maiden equity issue to be priced at a premium of Rs 61-75 per share.
In 1995-96, the bank had recorded a net loss of Rs 95 crore on account of provisions for depreciation on its securities portfolio.
In 1996-97 the bank recorded an operating profit of Rs 619 crore and a net profit of Rs 237 crore which gives it an earning per share of Rs 6.78.
www.expressindia.com /fe/daily/19971122/32655393.html

  
 Punjab National Bank-'P' Companies -Companies A-Z -The Economic Times
PNB, Vijaya told to 'cancel' agency licences before going for 4-way JV The Insurance Regulatory and Development Authority (IRDA) has asked Punjab National Bank (PNB) and Vijaya Bank to surrender their respective corporate agency licences as one of the pre-conditions for giving a go-ahead for the four-way insurance broking joint venture.
Punjab National Bank has filed draft red herring prospectus with Securities and Exchange Board of India for its second equity issue of eight crore new shares of Rs 10 each to be issued at a premium.
State-run Punjab National Bank (PNB) has set aside a corpus of Rs 227 crore for implementation of core banking solutions at all its offices and branches and the process is expected to be completed by 2006.
economictimes.indiatimes.com /articlelist/6430.cms

  
 Punjab National Bank to take over IFCI
Punjab National Bank is believed to have clinched the deal for taking over the ailing Industrial Finance Corporation of India.
The move to merge IFCI with a big PSU bank like PNB was first announced by Finance Minister Jaswant Singh early this month.
No sane chairman of a bank would ever agree to take over an ailing institute like the IFCI.
www.rediff.com /money/2004/jan/30ifci.htm

  
 Punjab National Bank Institute of Information Technology - PNBIIT
To make PNBIIT a self-sustaining institute of international standard having the status of a deemed university and having organic linkages with other national and transnational academic institutions in the area of IT, in various fields of universal banking, in a span of 10 years.
To develop an institute of reckoning to serve as an infrastructure model with high-tech environment and state-of-the-art systems, demonstrating use of IT in the management of administrative and training activities and development of IT maturity in banking, insurance and other financial sectors through research and development, consultancy and educational endeavours.
PNBIIT shall not be liable or responsible and expressly disclaims any liability arising on account of information passing through unauthorized access of the website or otherwise.
www.pnbiit.com

  
 GN Online: Punjab National Bank sets sights on Dubai
Punjab National Bank is one of the leading nationalised banks in India with 4,037 offices all over the country and over 30 million customers.
PNB has plans to open another OBU in the special economic zone at Noida, for which the permission from the Reserve Bank of India (RBI) has been obtained.
This was the seventh merger in the 108-year history of PNB and has improved the franchise value of the bank, particularly in Kerala.
www.gulf-news.com /Articles/news.asp?ArticleID=98787

  
 Punjab National Bank revises FCNR (B) deposits
Punjab National Bank has revised interest rates of Foreign Currency Non Resident (Bank) account for US dollar, Pound and Euro with effect from June 3, 2003.
www.namasthenri.com /banks/0306.htm

  
 Punjab National Bank
Indian nationals, in the age group of 16-30 years.
1 lac: Security acceptable to the bank, equivalent to 150% of the amount of loan.
The Interest shall be charged at simple rate from the date of disbursement till the commencement of repayment of loan and thereafter, compound Interest is charged on reducing balance basis.
www.momentskota.com /punjabnationalbank.htm

  
 Punjab National Bank
*** 106 years of banking excellence *** first national bank *** old traditions of service *** modern concepts of vibrant management
personal.vsnl.com /pnbcsc

  
 :: Punjab National Bank :: Offshore Banking Unit at SEEPZ
An Offshore Banking Unit (OBU) of a bank is a deemed foreign branch of the parent bank situated within India, and shall undertake International Banking business involving foreign currency denominated assets and liabilities.
in 1895), and is one of the top Public Sector Banks in India, owned predominantly by the Govt.
The OBU of PNB is situated at Santacruz Electronics Export Promotion Zone (SEEPZ) in Mumbai (Bombay), the financial capital of India, and is a Deemed Foreign Branch of PNB, although located within the country.
www.pnboffshore.com

  
 IndiaBusiness News Views Discussion Info Network - PNB Plans To Be The 'Best' in India
Punjab National Bank has embarked on a five-pronged strategy for improving its financial position to become the 'best bank' in the country.
PNB Chairman S C Gupta who took charge of PNB this month has charted out a future roadmap that aims at a growth in business by at least 20 per cent to over Rs 200,000 crore (Rs 2,000 billion) this fiscal.
PNB is also aiming to expand credit especially to retail, agriculture, trade and corporate sectors.
indiabusiness.net /modules.php?name=News&file=article&sid=322

  
 The Hindu : Kerala / Thrissur News : Punjab National Bank adopts village
The Punjab National Bank has adopted Kozhukkulli village of Nadathara Panchayath in Thrissur district as per the village adoption scheme of the bank.
The Regional Manager of the bank, C. Subramanian, and the Zonal Manager, Muralidharan, as well as the officials of the NABARD and the Nadathara panchayat attended the function.
The Moorkanikkara branch of the bank, which caters to the credit needs of Kozhukkulli, organised the function declaring the adoption scheme on Saturday.
www.hinduonnet.com /2004/06/28/stories/2004062806740300.htm

  
 domain-B : Indian business : finance : banks : Punjab National Bank : index
Punjab National Bank to open two NRI branches in Kerala
Punjab National Bank, Vijaya Bank in pact with US company
PNB sees steady rise in proportion of retail assets to total assets
www.domain-b.com /finance/banks/punjab_national_bank

  
 HOME LOANS of Punjab National Bank at GoaRealEstates.com
It aims to be the most profitable broad-based universal bank in India delivering excellent customer service, providing its employees challenging and rich career opportunities and offering its owners the highest returns.
mission is to profitably serve the banking and financial services needs of the nation everyday and everywhere.
It will do so as a respobnsible corporate citizen cognizant of its commitment to the country at large.
www.goarealestates.com /pnbank

  
 NRIOL.COM - NRI Readers Concerns - Problems with Punjab National Bank (Kailash Srivastava, Sweden)
I am writing to inform you that it has been highly frustrating to be a customer of Punjab National Bank (PNB).
NRIOL.COM - NRI Readers Concerns - Problems with Punjab National Bank (Kailash Srivastava, Sweden)
It is sorry to state that no action so far has been taken by the branch manager Naini and my complaints to even higher authorities have been simply ignored for the reasons best known to them.
www.nriol.com /community/concerns/concern17.html

  
 ApnaEghar.com - Punjab National Bank
Any other document / papers required by the bank in connection with loan.
Mortage of the House / Flat and Guarantee acceptable to the bank.
Maximum 20 years by Equated monthly installments (Repayment is fixed subject to retirement age for employees and 65 years
www.apnaeghar.com /pnb

  
 Punjab National Bank at Financial Services Directory : Banking Services: Banks and Institutions: Regional: Asia: India: Punjab National Bank
Punjab National Bank at Financial Services Directory : Banking Services: Banks and Institutions: Regional: Asia: India: Punjab National Bank
Home : Banking Services : Banks and Institutions : Regional : Asia : India: Punjab National Bank
Indian bank with 3850 branches spread throughout the country.
www.findfs.com /Detailed/6977.html

  
 Punjab & Maharashtra Co-operative Bank Ltd.
Holiday Banking - all 365 days (Except National Ho....more
www.pmcbank.com

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