Vadodara: The Anand-headquartered National Dairy Development Board (NDDB) has signed a memorandum of understanding (MoU) with the Punjab National Bank (PNB) for providing finance to beneficiary organisations (BOs) in the cooperative sector, including milk unions/federations, multi-state cooperatives, producer-owned institutions and NDDB’s subsidiary companies.NDDB’s executive director S Regupathi and PNB’s general manager Dipankar Mahapatra signed the MoU in the presence of NDDB chairman Dr Meenesh Shah on Wednesday. The agreement will be in effect for a period of 5 years. “The collaboration between the two organisations is crucial for expansion and development of dairy…
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Category: Punjab National Bank
How to register and check your account balance
If you are new to PNB Internet banking then this guide is for you. Here is how you can register for PNB internet banking and check your account balance.
Edited By: Shweta Ganjoo
Published: Apr 24, 2024, 07:19 PM IST
PNB internet banking: How to register and check your account balance
HighlightsAll account holders can access PNG Internet Banking.
PNB Internet Banking is accessible through PNB One app.
PNB Internet Banking is also accessible through PNB’s official website. PNB internet banking: Internet…
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Bankruptcy court admits Punjab National Bank’s insolvency resolution plea against Arshiya
The Mumbai bench of the National Company Law Tribunal (NCLT) admits Punjab National Bank’s application to initiate a corporate insolvency resolution process (CIRP) against listed free zone developer and operator Arshiya Ltd. The lender had approached the National Company Law Tribunal (NCLT) after the company defaulted on its dues of over Rs 193 crore and has appointed Nitin Vishwanath Panchal as the resolution professional. “During the CIRP Period, the management of the CD (corporate debtor) shall vest in the IRP or, as the case may be, the RP as the case may be, of the IBC,” said the division bench of Judicial member KR Saji Kumar and a technical member Sanjiv Dutt in its order of…
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List, How to Check and Claim PNB Unclaimed Deposits?
Unclaimed deposits refer to bank accounts and term deposits which have not been used or claimed for 10 years. Several banks provide details of unclaimed deposits held by them via RBI’s online portal. One such bank is the Punjab National Bank (PNB). It may happen at times that you have forgotten about your deposits, or a depositor dies, and no one knows when and how to claim it. In such scenarios, after a specific time period, your deposits are considered unclaimed. However, you can claim it by implementing a few simple processes.Scroll below to learn the steps for claiming PNB unclaimed deposits.What are PNB Unclaimed Deposits?PNB unclaimed deposits refer to the balance in savings…
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PNB, Union Bank, Three Other Firms Included In MSCI Global Standard Index
Punjab National Bank, Union Bank of India and three other Indian companies have been included in the MSCI Global Standard Index on Tuesday in its February review.NMDC, BHEL, and GMR Airports Infra were the other Indian companies that have been included in the Global Standard Indexes by global index services provider Morgan Stanley Capital International.MSCI added five Indian stocks to its Global Standard index with no deletions in its February review.The modifications will take effect on Feb. 29 at market close.The three largest additions to the MSCI Emerging Markets Index measured by full company market capitalisation will be Midea Group Co A (HK-C) (China), Punjab National Bank (India)…
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Axis Bank vs Punjab National Bank: Which banking stock should you choose for long term?
Banking stocks are in focus after Nifty Bank hit a record high in trade today (December 15) on the back of overall positive market sentiment. The US Fed maintaining interest rate in the last policy meeting of 2023 as well as signaling rate cuts in 2024 led to a surge in the market. Moreover, the continuous foreign investor inflow, RBI holding rates, GDP growth coming better than expected in the September quarter as well as the improving global macros have also been aiding the sentiment.
The Indian…
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Punjab National Bank – Mutual funds just reduced holding in these 10 PSU stocks. Are these in your portfolio?
From holding 7.94 crore shares of NTPC in February, mutual funds now hold 7.78 crore shares in their portfolio, a decline of 2% with a total value aggregating to Rs 26, 115 crore.(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)
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Punjab & Sind Bank – Punjab National Bank among 8 bank stocks with high NPAs
Jan 13, 2024, 12:31:55 PM ISTAs the Q3 results of the listed companies have started this week, it is good to know about the NPAs of banks for those investors who have bank stocks in their portfolios. According to Trendlyne data, Punjab National Bank, Bandhan Bank, and City Union Bank are the top banks with the highest NPAs. Here’s a list:Getty ImagesThe net NPA of City Union Bank stood at 2.34% in Q2FY24, which is the highest among banks. The PE ratio of the stock is 11.6. City Union Bank has a market cap of Rs 11,006 crore.AgenciesBandhan Bank reported a net NPA of 2.32% in Q2FY24. The PE ratio of the stock is 14.6. Bandhan Bank’s market cap is at 37,051 crore.AgenciesPunjab & Sind Bank…
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IREDA and PNB Join Hands to Co-Finance Green Energy Projects Across India
Image used for representational purposes. NEW DELHI: In a major boost to renewable energy financing in India, Indian Renewable Energy Development Agency Ltd. (IREDA) has signed a Memorandum of Understanding (MoU) with Punjab National Bank (PNB) for co-lending and loan syndication of renewable energy projects across the country.Through this strategic partnership, IREDA and PNB will jointly provide financial assistance for various renewable energy projects including solar, wind, small hydro, biomass etc. IREDA is India’s leading public sector financial institution dedicated to clean energy financing.The scope covers activities like co-lending, loan syndication, underwriting and…
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PNB to update debit card charges on declined transactions due to insufficient balance at PoS machines, eComm transactions
Punjab National Bank (PNB) will update its charges on debit cards for declined transactions due to insufficient balance at PoS machine, eComm transactions from December 6, 2023, according to the PNB website.As per the website, “Dear Customer, Bank is in process of implementing the changes w.e.f 6-12-23 – Bank will start levying charges on declined Transactions due to insufficient balance at PoS machine and eComm Transactions (Domestic/International) done through Debit Card.”PNB hikes FD interest rates on select tenures by up to 50 bps; these investors can earn 8.05% The bank as of now charges Rs 15 for transaction declined due to insufficient balance for debit cards as per website….
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