PNB sells entire stake in ARCIL to Avenue India Resurgence
The PSU lender has sold its entire 10.01% stake in the asset reconstruction company in a cash transaction.
punjab national bank
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JP Morgan upgrades PNB to 'overweight'; stock jumps
With limited new stress formation and system growth itself picking up, JP Morgan sees further scope of re-rating at PNB.
PNB share jumps 8% on nod to sell stake in UTI AMC
Shares of Punjab National Bank hit a 52-week high after the government approved the divestment of its entire stake in UTI Asset Management Company.
Why PNB shares hit 10% lower circuit today?
PNB shares hit a 52-week low after its profit dropped 66% YoY to ₹201 crore due to higher provisions for bad loans and contingencies.
After PNB, SBI acquires stake in ONDC; here’s all you need to know about the e-commerce platform
State Bank of India has acquired a 7.84% stake in Open Network for Digital Commerce (ONDC) for consideration of ₹10 crore.
PNB names IL&FS power company in ₹2,060 crore fraud
The report from PNB comes a month after Punjab & Sind Bank reported a borrowing fraud worth ₹148.867 crore in the NPA account of ITNPCL.
Will legal hurdles delay Jet Airways take-off?
The revival of Jet Airways hinges on a series of legal hurdles, but also negotiations between the government and the consortium on multiple issues.
Why Puri won't control the mortgage lender soon
Carlyle-Puri move to invest ₹4,000 crore in PNB Housing Finance will await the outcome of a legal scrutiny by the Securities Appellate Tribunal.
Post-merger, clean-up ops underway at PNB
The merger and asset quality overhang may have kept its growth tepid, but it posted a higher-than-expected net profit of ₹506 crore in the third quarter.
UTI investors to sell multi-bagger AMC stock
The third IPO from India’s mutual fund industry is worth ₹2,160 crore.
