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.
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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.
UTI AMC seeks SEBI nod for IPO
UTI AMC files DRHP with SEBI to list shares on stock exchanges. State Bank of India, LIC, Bank of Baroda, Punjab National Bank, and T. Rowe Price are set to reduce their stake via an offer for sale.
How Nirav Modi killed his golden goose
Being funded by a bank is the secret sauce to a jeweller’s respectability. Nirav Modi, India’s best known jeweller, busted his bank and how! Flawed, journalist Pavan Lall’s new book explains.
Banking on size, technology, and efficiency
By merging 10 PSBs into four large banks, the Finance Minister wants to push growth through credit offtake and pave the way for a $5 trillion economy.
