Latest news with #PunjabNationalBank
Economic Times
3 days ago
- Business
- Economic Times
Stock market update: Nifty Bank index falls 0.15% in a weak market
Stocks in focus: RIL, Tata Motors, Infosys, IIFL Securities, Apollo Hospitals, Punjab National Bank, NBCC and more.. Synopsis The Nifty Bank index was trading 0.15 per cent down at 55462.35. NEW DELHI: The Nifty Bank index traded negative around 11:04AM(IST)on Friday in a weak market. ADVERTISEMENT Au Small Finance Bank Ltd.(up 0.66 per cent), HDFC Bank Ltd.(up 0.13 per cent) and ICICI Bank Ltd.(up 0.04 per cent) were among the top gainers. IndusInd Bank Ltd.(down 0.99 per cent), Canara Bank(down 0.94 per cent), Punjab National Bank(down 0.81 per cent), Axis Bank Ltd.(down 0.74 per cent) and State Bank of India(down 0.39 per cent) were the top losers on the index. The Nifty Bank index was down 0.15 per cent at 55462.35 at the time of writing this report. Benchmark NSE Nifty50 index was down 69.5 points at 24764.1, while the BSE Sensex was down 215.8 points at 81417.22. Among the 50 stocks in the Nifty index, 13 were trading in the green, while 37 were in the red. ADVERTISEMENT Shares of Suzlon Energy, Vodafone Idea, Reliance Power, MMTC and Ola Electric Mobilit were among the most traded shares on the NSE. Shares of Lumax Auto Tech, Venus Remedies, BSE, INEOS Styrolution and Shaily Engg Plastics hit their fresh 52-week highs in today's trade, while Career Point, Navkar Builders, California Soft(PP), Signpost India and Borana Weaves hit fresh 52-week lows in trade. (You can now subscribe to our ETMarkets WhatsApp channel) Nikita Papers IPO opens on May 27, price band set at Rs 95-104 per share Nikita Papers IPO opens on May 27, price band set at Rs 95-104 per share Why gold prices could surpass $4,000: JP Morgan's bullish outlook explained Why gold prices could surpass $4,000: JP Morgan's bullish outlook explained Cyient shares fall over 9% after Q4 profit declines, core business underperforms Cyient shares fall over 9% after Q4 profit declines, core business underperforms L&T Technology Services shares slide 7% after Q4 profit dips L&T Technology Services shares slide 7% after Q4 profit dips Trump-Powell standoff puts U.S. Rate policy in crosshairs: Who will blink first? Trump-Powell standoff puts U.S. Rate policy in crosshairs: Who will blink first? SEBI warns of securities market frauds via YouTube, Facebook, X and more SEBI warns of securities market frauds via YouTube, Facebook, X and more API Trading for All: Pi42 CTO Satish Mishra on How Pi42 is Empowering Retail Traders API Trading for All: Pi42 CTO Satish Mishra on How Pi42 is Empowering Retail Traders Security, transparency, and innovation: What sets Pi42 apart in crypto trading Security, transparency, and innovation: What sets Pi42 apart in crypto trading Bitcoin, Ethereum, or Altcoins? How investors are structuring their crypto portfolios, Avinash Shekhar explains Bitcoin, Ethereum, or Altcoins? How investors are structuring their crypto portfolios, Avinash Shekhar explains The rise of Crypto Futures in India: Leverage, tax efficiency, and market maturity, Avinash Shekhar of Pi42 explains NEXT STORY
Business Standard
6 days ago
- Business
- Business Standard
Punjab National Bank soars 1.21%, up for third straight session
Punjab National Bank is quoting at Rs 102.18, up 1.21% on the day as on 12:49 IST on the NSE. The stock is down 20.3% in last one year as compared to a 8.57% gain in NIFTY and a 12.83% gain in the Nifty Bank index. Punjab National Bank is up for a third straight session in a row. The stock is quoting at Rs 102.18, up 1.21% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is down around 0.61% on the day, quoting at 24848.85. The Sensex is at 81538.17, down 0.78%. Punjab National Bank has added around 0.01% in last one month. Meanwhile, Nifty Bank index of which Punjab National Bank is a constituent, has added around 0.03% in last one month and is currently quoting at 55572, down 0.22% on the day. The volume in the stock stood at 114.7 lakh shares today, compared to the daily average of 274.93 lakh shares in last one month. The benchmark May futures contract for the stock is quoting at Rs 102.78, up 1.62% on the day. Punjab National Bank is down 20.3% in last one year as compared to a 8.57% gain in NIFTY and a 12.83% gain in the Nifty Bank index. The PE of the stock is 6.98 based on TTM earnings ending March 25.
Mint
7 days ago
- Business
- Mint
PNB Matritva loan for working women: Interest rates, documents and how to apply
The Punjab National Bank (PNB) has a prominent personal loan scheme known as 'PNB Matritva', this particular scheme is designed for providing financial support to working women during the perinatal period. Furthermore, this initiative is designed to help and assist with expenses related to child-birth and maternity care. It offers a loan amount ranging from ₹ 25,000 to ₹ 3 lakhs. The eligible and aspirational applicants can apply for this scheme and can get the sanction of the proposed variant of personal loan before two months of expected delivery date and up to three months of childbirth. To make sure you meet the eligibility criteria you must be a permanent employee of the central or state government, public sector undertaking (PSU) or of reputable private institutions. It is mandatory for the applicant to have their salary accounts with Punjab National Bank. The loan will be provided only upon proper verification and meeting of the essential eligibility criteria by the aspirational applicant, based on the self declaration confirming pregnancy or childbirth. Note: The eligibility criteria discussed above is illustrative in nature. For the updated terms, conditions applicable on a case to case basis refer to the official website of Punjab National Bank. Visit the official website: Reach out to the official PNB Matritva Loan page on the website of Punjab National Bank. Check and review eligibility: Do check and ensure that you meet the specified eligibility criteria discussed above. Prepare documentation: Gather necessary documents, including identity proof, such as Aadhaar card, PAN card etc., along with employment verification, and a self-declaration of pregnancy or childbirth. Submit the application: Complete the application form available on the website and submit it along with the required documents after properly reading the requirements of the form carefully. Do ask the customer service executive before filling the form if in doubt to avoid complications later. Final approval of loan: The Punjab National Bank will process the application submitted by you. Later on you will get a confirmation of approval by the bank if all the details of the form are accurately filled by you. Post the same the loan amount will be disbursed in your bank account. Loan Amount: The maximum loan that can be given under this scheme is ₹ 25,000 to ₹ 3 lakh. The maximum loan that can be given under this scheme is 25,000 to 3 lakh. Applicable interest rate: The interest rate applicable in this case is Repo Linked Lending Rate (RLLR) + Business Strategy Premium (BSP) + 2.15% i.e., this rate will be 8.85% per annum. For more details on the same refer to the official website of PNB Matritva. The interest rate applicable in this case is Repo Linked Lending Rate (RLLR) + Business Strategy Premium (BSP) + 2.15% i.e., this rate will be 8.85% per annum. For more details on the same refer to the official website of PNB Matritva. Nature of the loan: On a fundamental basis this will be a term loan. On a fundamental basis this will be a term loan. Repayment tenure: Flexible repayment options designed keeping in mind the borrower's financial capacity. The maximum number of equated monthly instalments allowed to pay for this loan are 72. Flexible repayment options designed keeping in mind the borrower's financial capacity. The maximum number of equated monthly instalments allowed to pay for this loan are 72. Processing fee: There are no documentation charges and no upfront fee applicable on availing this loan. Therefore, this scheme aligns with the broader government objective to support maternal health, women empowerment and complementing initiatives such as Pradhan Mantri Surakshit Matritva Abhiyan (PMSMA). The holistic approach is to support women during the most crucial phases of their lives. Disclaimer: Mint has a tie-up with fintechs for providing credit; you will need to share your information if you apply. These tie-ups do not influence our editorial content. This article only intends to educate and spread awareness about credit needs like loans, credit cards and credit scores. Mint does not promote or encourage taking credit, as it comes with a set of risks such as high interest rates, hidden charges, etc. We advise investors to discuss with certified experts before taking any credit.
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Business Standard
25-05-2025
- Business
- Business Standard
PNB targets ₹16k-cr recovery, aims to keep slippages below 1% in FY26: MD
Punjab National Bank (PNB) is targeting a significant recovery of Rs 16,000 crore and aims to keep slippages below 1 per cent in the current fiscal year to sustain profitability, the top official of the country's second biggest state-owned lender said. The total recovery of the bank stood at Rs 4,733 crore for the fourth quarter and Rs 14,336 crore for FY25 while overall slippages ratio was 0.73 per cent during the last financial year. "Going forward, maximization of recovery and preventing fresh slippages are going to be priority areas. We are targeting a higher total recovery of Rs 16,000 crore as against of recovery of about Rs 14,000 crore in FY' are expecting that the quarterly our slippages will be in the range of around Rs 1,500 crore to Rs 1,700 crore," PNB MD and CEO Ashok Chandra told PTI in an interview. The bank is going to focus on recovery through the technical write off accounts, he said, adding, "I am expecting that Rs 6,000 crore of recovery will happen in the technical right off book. So, we have set up a target of Rs 1,500 crore of minimum recovery every quarter." The technical write off book of the bank stands around Rs 91,000 crore with the provision coverage ratio of more than 96 per cent and recoveries from such accounts are added to the bottomline directly. Chunky assets are no longer there but there are a lot of NPA accounts in the range of Rs 25 crore to Rs 50 crore where recoveries are expected, he added. The bank also plans to expand its RAM (retail, agriculture and MSMEs) sector lending to 58 per cent of its loan book in the current financial year with the help of various initiatives taken, including loan outreach. The bank closed FY25 with loan outstanding under RAM segment at Rs 6,02,682 crore, 56 per cent of the loan book. "We are planning to increase RAM from 56 per cent to 58 per cent in this financial year because that will give me the cushion against loss which is happening due to reduction in the interest rate in the corporate and the RLLR (repo-linked lending rate) loan book," he said. The volume increase in the RAM segment will help compensate for a loss due to further rate cuts, he said. For the financial year ended March 2025, PNB has emerged as the top bank in terms of profit growth among 12 public sector banks (PSBs) with a 102 per cent rise. The bank's net profit doubled to Rs 16,630 crore compared to Rs 8,245 crore in the previous fiscal. The bank has reported a 14 per cent rise in total business at Rs 26.83 lakh crore in FY25, one of the highest in the banking system. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
Time of India
22-05-2025
- Entertainment
- Time of India
DPIFF issues statement denying fraud allegations, selling awards to flop films and actors: 'An attempt to defame and derail our journey'
In a dramatic turn of events, the Dadasaheb Phalke International Film Festival (DPIFF), regarded as one of India's most prestigious film award ceremonies, has come under fire following serious allegations against its top leadership. Tired of too many ads? go ad free now DPIFF's Managing Director Anil Mishra and CEO Abhishek Mishra have been accused of deceiving multiple state governments and tourism departments, including those of Rajasthan, Gujarat, Uttar Pradesh, Punjab, and Maharashtra, in the name of sponsorships. Anil Mishra is also accused of selling awards to underperforming films and actors. Organisers break silence On May 21, 2025, DPIFF's organisers broke their silence on social media, issuing a strong rebuttal against the allegations. Through a statement posted on Instagram, they claimed that recent events were part of a malicious campaign to tarnish the image of the festival. The statement read, 'Dadasaheb Phalke International Film Festival stands as a proud tribute to Indian cinema, creativity and integrity - a platform built on legacy. Despite recent attempts to defame and derail our journey through false and malicious narratives, DPIFF remains unshaken. These unfounded claims failed to derail our mission. We're back - with more power, passion and purpose.' The post reaffirmed their mission to honour the Father of Indian Cinema, , and declared that DPIFF 2025 would return 'bigger, bolder, and grander.' The caption read, "With resilience and responsibility, we move forward. A legacy can't be shaken. A celebration can't be stopped. Dadasaheb Phalke International Film Festival remains devoted to honouring cinematic excellence and India's cultural heritage. Tired of too many ads? go ad free now DPIFF 2025 — a tribute to that timeless vision — is coming, bigger, bolder and grander. ' DPIFF CEO Abhishek Mishra also released a statement expressing gratitude for the support received amid the controversy: 'Since its inception, Dadasaheb Phalke International Film Festival has stood as a proud torchbearer of India's rich cinematic legacy, committed to celebrating artistic excellence. Recent challenges only strengthened our resolve. We upheld the truth with dignity and are grateful to the Indian judicial system for reaffirming it. To every artist, filmmaker, and cinephile, thank you for your unwavering support. We now look forward to an even bigger and brighter celebration of Indian cinema and the artists that make Indian cinema what it is.' According to an NDTV report dated May 7, 2025, the lodged a formal complaint against DPIFF's top officials for allegedly misusing the name of the Central government to secure funding and endorsements. They were also accused of misleading public banks like Punjab National Bank and the State Bank of India for sponsorships.
