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BANK NEWS

PNB organizes Debate on Vigilance

NEW DELHI: Punjab National Bank organized Vigilance Awareness Programme at Manav Rachna University, Faridabad.The Programme was presided over by Shri S K Nagpal, Chief Vigilance Officer, Punjab National Bank and Shri D P Naik, Advisor Central Vigilance Commission.    15 students partici

Posted Date :  13-10-17

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Print this mail only if absolutely necessary. Save Paper.Save Trees.

New Delhi: The information contained in this e-mail and any attachments to this message are intended for the exclusive use of the intended recipient and may contain proprietary, confidential or legally privileged information. If you are not the intended recipient, please note that you are not au

Posted Date :  10-10-17

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ICICI Bank launches Cashback home loans

Mumbai: ICICI Bank, India’s largest private sector bank by consolidated assets, today announced the launch of a new home loan, which offers borrowers the benefit of 1% cashback on every EMI, for the entire tenure of the loan. A unique offering in the industry, it is available for home loans wit

Posted Date :  29-09-17

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SAIL set to leverage domestic growth potential

New Delhi: Addressing the 45th Annual General Meeting of Steel Authority of India Ltd. (SAIL) held here today, Chairman SAIL, Shri PK Singh was confident of improvement in Company’s performance starting this financial year (FY 2017-18) backed by several management initiatives in every area of o

Posted Date :  23-09-17

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PNB Bags Raj Bhasha Kirto Shield

NEW DELHI: Punjab National Bank has been awarded with Second Prize in Rajbhasha Kirti award competition for the outstanding performance in implementation of Official Language Policy in Bank for the Financial year 2016-17 .    President of India Shri Ram Nath Kovind awarded this prize to

Posted Date :  19-09-17

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Round table discussion of visiting PSU team with world Bank

New Delhi:  Good round table discussion of visiting  PSU team from India with world Bank followed by Fed Reserve at New York. The team visited washington and NY as a part of Global Leadership programme organised by SCOPE. SCOPE also signed MOU with University of Maryland for capacity building

Posted Date :  12-09-17

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ICICI Bank inaugurates its first branch in Sardhana

Meerut: ICICI Bank, India's largest private sector bank by consolidated assets, today inaugurated a new branch at Sardhana town in district Meerut. This is the first branch of the bank in the town. The Bank has the largest branch network among private sector banks in Meerut district. The bran

Posted Date :  07-09-17

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Punjab National Bank entered MoU with Army

NEW DELHI: Punjab National Bank and Army Group Insurance Fund (AGIF) have entered into MoU under which PNB will be extending Housing loan to AGIF members. The documents were signed in a ceremony held at Punjab National Bank, New Delhi headed by Shri Sunil Mehta, MD & CEO of Punjab National Bank a

Posted Date :  01-08-17

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World Bank Loan for IREDA Solar Projects

New Delhi: World Bank financing of USD 100 Million for the development of internal infrastructure of solar parks has been planned by Indian Renewable Energy Development Agency Ltd. (IREDA) under the aegis of Ministry of New and Renewable Energy.   The World Bank loan is proposed to flow

Posted Date :  28-07-17

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Canara Bank launches first digital branch in Bengaluru

BENGALURU: Canara Bank, which has set an ambitious target of moving to ‘paperless’ futuristic banking, launched its first ‘Digital Banking Branch’ at Spencer Towers in MG Road, Bengaluru.   Titled ‘CANDI’, the branch will provide an end-to-end digital experience to customers.

Posted Date :  28-07-17

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Dr Ravi Kanth inaugurates Vijaya Bank s Branch Managers Meet

NEW DELHI: Dr. M Ravi Kanth, CMD, HUDCO, on Tuesday inaugurated the Vijaya Bank’s Branch Managers Meet of NCR Region to ensure speedy disbursal of credit under the Pradhan Mantri Awas Yojana – (Urban) aimed at providing ‘Housing for All by 2022.’ Dr. Ravi Kanth stressed that all stake hol

Posted Date :  19-07-17

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PNB Observes International Day of Yoga - 2017

NEW DELHI: International day of Yoga Was celebrated by Punjab National bank as its Central Staff College, Delhi and all Other Training Centres and Administrative Offices throughout the country.   Shri Sanjiv Sharan, Executive Director of the Bank Participated in the celebration held at C

Posted Date :  22-06-17

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SBI Soon to Hire 6 Merchant Bankers for Rs 15000 Crore Share Sale

MUMBAI: State Bank of India (SBI), the country's largest lender, will soon hire six merchant bankers for managing Rs 15,000 crore share sale. The process for selection is on and will take a few more days before a final call is taken, sources said.    According to sources, many compa

Posted Date :  27-05-17

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ICICI Bank chief Chanda Kochhar receives Woodrow Wilson Award

WASHINGTON: ICICI Bank chief Chanda Kochhar has become the first Indian woman to be conferred with the prestigious Woodrow Wilson Award for Global Corporate Citizenship.    Kochhar, 55, received the annual award which was instituted in 1998 by the prestigious Wilson Center to felicitate

Posted Date :  12-05-17

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ICICI Group Dedicates 100 ICICI Digital Villages to the Nation

The programme encompasses digitisation of transactions and other commercial activities besides providing vocational training, credit facility and market linkage to help villagers earn a sustainable livelihood 11,300 villagers, including more than 7500 women, have been trained free of co

Posted Date :  05-05-17

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PNB awarded “BEST MSME BANK AWARD

New Delhi. Punjab National Bank was awarded “BEST MSME BANK AWARD” instituted by Chamber of Indian Micro Small and Medium Enterprises under Large Banks Category on April 20, 2017 at New Delhi.    Shri Arjun Ram Meghwal, Union Minister of State for Finance & Corporate Affairs present

Posted Date :  25-04-17

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SBI Savings Bank Account Minimum Balance Requirement.

MUMBAI. State Bank of India or SBI has introduced minimum balance requirement in savings accounts from April 1.    The minimum balance requirement for SBI customers varies depending on geographies such as metro, urban, semi-urban and rural. If the minimum balance drops below a particula

Posted Date :  24-04-17

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PNB Launches new products for customers on its Foundation Day

New Delhi. Punjab National Bank celebrated its 123rd Foundation Day and on the occasion Smt. Usha Ananthasubramanian, MD & CEO of the bank launched three new products for customers viz. Automated electronic Toll Collection to facilitate hassle free toll payment/collection, Credit Card Mobile App

Posted Date :  18-04-17

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CBI Recovers Cash Properties Worth Crores From BSNL AGM

In an operation late last evening, the agency had arrested Gupta Chandra Bidika, Additional General Manager, Microwave Project, Bhubaneswar. He was caught red handed allegedly taking bribe of Rs one lakh for clearing bills worh Rs 10 lakh of a contractor. 

Posted Date :  06-04-17

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UNNATI Cashless India ki nayi soch

NEW DELHI. The Minister of State for Power, Coal, New and Renewable Energy and Mines, Shri Piyush Goyal launching the SBI Card “UNNATI: Cashless India ki nayi soch”, in New Delhi on March 28, 2017. The Chairman of State Bank of India, Ms. Arundhati Bhattacharya and other dignitaries are also

Posted Date :  30-03-17

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SBI spent Rs 775 cr in maintaining Jan Dhan accounts

NEW DELHI. The total cost of operation of Jan Dhan accounts by State Bank of India is Rs 774.86 crore, Parliament was informed today. “Bank-wise and year-wise information on the cost of operation of Pradhan Mantri Jan Dhan accounts is not maintained. However, the total cost of operation of Jan

Posted Date :  29-03-17

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Punjab National Bank received the Vigilance Excellence Award

New Delhi. Punjab National Bank received the Vigilance Excellence Award 2016-17. The Award was received by Shri S.K. Nagpal, Chief Vigilance Officer of the Bank, from Shri. K V Chowdary, Central Vigilance Commissioner, at the 8th Conclave of Vigilance Officers of the Institute of Public Enterprise(I

Posted Date :  09-03-17

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Cabinet clears merger of 5 associate banks with SBI

NEW DELHI . The Cabinet has approved the merger of five associate banks with the State Bank of India (SBI), which will catapult any bank from India to among the top 50 global lenders for the first time. The merger does not include Bharatiya Mahila Bank.   The five associate banks are

Posted Date :  16-02-17

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PNB Q3 profit jumps 4 fold to Rs 207 cr

NEW DELHI . Punjab National Bank yesterday posted four-fold jump in net profit at Rs 207 crore for the December quarter of current fiscal on account of increase in treasury income and decline in cost of deposits.    The bank had reported net profit of Rs 51 crore in the correspo

Posted Date :  08-02-17

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PNB extended help for Leprosy Eradication

NEW DELHI . Ms Usha Ananthasubramanian, Managing Director & CEO, Punjab National Bank presented a cheque to President, Pranab Mukherji at Rashtrapati Bhawan as a helping hand towards eradication of leprosy. K V Brahmaji Rao, Dr. R S Sangapure and Sanjiv Sharan, Executive Directors were also p

Posted Date :  01-02-17

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Cooperative banks barred from accepting PMGKY deposits

NEW DELHI: The government announced that cooperative banks will not be authorised to accept deposits under the Pradhan Mantri Garib Kalyan Deposit Scheme.    Under the scheme, all those declaring previously undisclosed income have to place 25% of the amount being declared in an

Posted Date :  23-01-17

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PNB launches Contactless Credit Card

New Delhi.In another digitalisation initiative, Punjab National Bank (PNB) has launched a Contactless Credit Card. This new credit card, which has been named PNB Wave N Pay --Contactless Card, was launched by Usha Ananthasubramanian, Managing Director & Chief Executive Officer, PNB in the cap

Posted Date :  23-01-17

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Demonetisation has helped us shed bulk deposits says Dena Bank CMD

MUMBAI. Dena Bank, like all other banks, has had a dream-run on the deposits front during the 50 days following demonetisation. Copious deposit inflows in the form of scrapped high-denomination notes helped the bank shed bulk deposits amounting to about ₹9,000 crore, according to Chairman a

Posted Date :  19-01-17

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Bank of Baroda offers home loan cheaper than SBI rates

New Delhi. Home loan borrowers of other banks or housing finance companies can also shift to Bank of Baroda's reduced rate of interest but the bank is yet to decide on the loan switching fee.   For customers with a credit score of 760 or above, we are offering home loans at this

Posted Date :  10-01-17

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SBI donates Rs 22 lakh to Hyderabad NGO for mobile clinic

Hyderabad. State Bank of India today donated Rs 22.23 lakh from its Corporate Social Responsibility (CSR) fund to a city-based organisation for a mobile clinic which will provide healthcare facilities to poor families.    SBI Managing Director Rajnish Kumar handed over a cheque

Posted Date :  09-01-17

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Govt seeks report on malpractices by bank officials

New Delhi: Days after Prime Minister Narendra Modi warned those who indulged in malpractices during the 50-day demonetisation drive, the Finance Ministry has asked public sector banks to submit a report on the involvement of officials illegally changing currency notes.    Banks

Posted Date :  04-01-17

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Home loans cheapest in 6 years as SBI slashes rate 50 basis pts

Mumbai: Home loan rates have fallen to their lowest level in six years with State Bank of India, the country's largest lender, cutting the effective rate to 8.6% from 9.10%.    While SBI cut its one-year marginal cost of lending rate (MCLR)—the benchmark to which home

Posted Date :  02-01-17

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LAUNCH OF PNB Mobile WALLET PNB KITTY

NEW DELHI .Ms Usha Ananthasubramanian, Managing Director & CEO of Punjab National Bank launched the Bank’s Mobile wallet – PNB Kitty in the presence of K.V. Brahmaji Rao and Dr. Ram S. Sangapure, Executive Directors of the Bank.      

Posted Date :  12-12-16

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Punjab National Bank partners with Ola to deploy mobile ATMs

New Delhi. Punjab National Bank (PNB) on Tuesday announced a partnership with cab aggregator Ola to aid cash withdrawals for the citizens of Delhi and the National Capital Region (NCR).    “Through the extensive network of Ola cabs present across the state, we are able to

Posted Date :  07-12-16

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PNB Puts Stall at India International Trade Fair at New Delhi

NEW DELHI . Ms Usha Ananthasubramanian, MD & CEO Punjab National Bank, formally inaugurated the stall put up by the bank at the 36th India International Trade Fair, at Pragati Maidan, New Delhi. The function was also graced by Smt. Abha Singh Yaduvanshi, Joint Secretary, Lok Sabha Secretariat

Posted Date :  22-11-16

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Govt to use indelible ink to crack down repeated exchanges at banks

New Delhi: Government has taken some more practical measures to manage the rush at banks, and plans to use indelible ink marks as used in election voting, to crack down on cheats and others being used for carrying out multiple exchanges.   The use of indelible ink, or a semi-permanen

Posted Date :  16-11-16

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Visit of Additional Secretary Central Vigilance Commission at PNB

NEW DELHI. the concluding day of Vigilance Awareness Week being observed from 31st October 2016 to 5th November, 2016, Shri Salim Haque, Additional Secretary, CVC addressed the top executives of the Bank at Head Office of Punjab National Bank, Bhikaiji Cama Place, New Delhi. He stressed on the ne

Posted Date :  10-11-16

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Punjab National Bank sees 11 percent dip in net profit in Q2

New Delhi. Punjab National Bank on Saturday reported an 11 per cent fall in its net profit in the second quarter of the current financial year to Rs. 549 crore from the Rs. 621 crore recorded in the second quarter of the previous year.    Asset quality remained a worry with gros

Posted Date :  07-11-16

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Bank of Baroda celebrates Annual Official Language 2016

MUMBAI.  Bank of Baroda organised Annual Official Language Celebration of Bank in Mumbai recently, where in “Sayajirao Bhasha Samman” presented to  famous Actor and Literacy Author Shri Ashutosh Rana.Shri P S Jayakumar, Managing Director & CEO of the Bank preside over th

Posted Date :  01-10-16

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VIRAT KOHLI IS BRAND AMBASSADOR OF PUNJAB NATIONAL BANK

New Delhi: Punjab National Bank has engaged Mr. Virat Kohli as Brand Ambassador of the Bank.  On this occasion, Mr. Virat Kohli informed Mrs. Usha Ananthasubramanian, Managing Director and CEO alongwith Sh. K.V. Brahmaji Rao and Dr. Ram S. Sangapure, Executive Directors of the Bank and other

Posted Date :  20-09-16

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PNB laid Foundation Stone of Farmer Training Centre

MUMBAI. Ms Usha Ananthsubramanian MD & CEO, Punjab National Bank laid down   Foundation Stone of Farmer Training Centre (FTC) at Pilwai, Gujarat.  On this occasion Sh.Vallabh Bhai Waghasiya Minister of State, Gujarat for Agriculture &  Power Department was also present.In a

Posted Date :  17-09-16

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Axis Banks new programme for startups

Bengaluru The country’s third largest private lender Axis Bank, has partnered with Amazon Internet Services (AISPL) and Overseas-Chinese Banking Corporation (OCBC) Bank, to provide a three-month mentorship programme for startups in the FinTech domain.    Axis Bank Presiden

Posted Date :  27-08-16

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Bank of Baroda partners with 7 Fintech companies

New Delhi. Bank of Baroda, India's leading public sector bank, has announced tie-ups with 7 Fintech companies    Running up to its 109th Foundation Day, this a first of its kind initiative for a public sector bank to partner with companies operating across diverse areas of

Posted Date :  28-07-16

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RBI asked SBI to rein in CSR spending Arundhati Bhattacharya

MUMBAI. The Reserve Bank of India (RBI) has advised State Bank of India (SBI), the country’s largest lender, to not spend 2% of its profit on CSR till the stress in the financial sector eases, according to the bank’s chief executive.    “We are a statutory corp

Posted Date :  28-07-16

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SBI integrates IRCTC in app to link ATMs

MUMBAI: State Bank of India, the country's largest lender, plans to use the power of its distribution network to power its mobile application SBI Buddy. The bank on Friday launched the integration of IRCTC's train ticket booking within the app. SBI is also working on integrating its mobil

Posted Date :  23-07-16

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Sebi may help in govt recapitalisation plans for PSU banks

NEW DELHI: To help push government's recapitalisation drive for PSUs, regulator Sebi may grant a waiver to state-run entities in case public shareholding falls below 25 per cent and exempt them from open offer if they raise holding by more than 5 per cent in one financial year.  &nbs

Posted Date :  22-07-16

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Bank union threatens to disclose names of 7000 defaulters

Ahmedabad. All-India Bank Employees Association (AIBEA) on Saturday threatened to make public the names of top 7,000 willful corporate loan defaulters who have defrauded around Rs 70,000 crore.    The union also demanded filing criminal cases against these defaulters. AIBEA Gene

Posted Date :  18-07-16

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ICICI Bank launches Swachh Society Awards

Mumbai. ICICI Bank Ltd, India's largest private sector bank, on Monday announced the launch of a unique contest for residential housing societies to recognise and reward clean and green initiatives in the Mumbai Metropolitan Region (MMR).

Posted Date :  12-07-16

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PSU bank employees to go on strike

NEW DELHI: Banking operations could be hit for two days this week as a section of public sector bank employees have threatened to go on a nationwide strike beginning July 12 to protest against the proposed merger of SBI associates and privatisation of Banks.

Posted Date :  11-07-16

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PNB Waives Processing Fee For Home Vehicle Loans

Coimbatore.Punjab National Bank has decided to waive processing fee and documentation charges for home and vehicle loans. The offer could stretch till the end of the festival season, said the bank’s Managing Director Usha Ananthasubramanian.    Also, the bank will focus on

Posted Date :  05-07-16

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ICICI Bank to add 1000 ATMs 400 branches in fiscal 2017

New Delhi: ICICI Bank Ltd will add 400 more branches and expand its automated teller machine (ATM) network by another 1,000 in the current fiscal to boost business from retail operations.    “We believe that a wide branch network is a cornerstone in retail banking. Keeping

Posted Date :  04-07-16

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Allahabad Bank to focus on retail credit

Kolkata. State-run Allahabad Bank plans to give thrust on loans having low capital requirement like housing, gold and among others and is also aiming at a growth of 20 per cent in the retail credit portfolio, said it Annual Report 2015-16.

Posted Date :  04-07-16

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PNB Home Fin mandates 3 banks for USD 300m IPO

Mumbai: PNB Home Finance has mandated three investment banks - Morgan Stanley, JP Morgan and Bank of America Merrill Lynch - to prepare for a $300-million initial public offering (IPO) later this fiscal, sources familiar with the matter said.    Punjab National Bank (PNB), which

Posted Date :  15-06-16

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Punjab National Bank gets National Award from MNRE

NEW DELHI . Punjab National Bank (PNB) has received National Award as Top  Performer under the category of “Banks/Financial Institutes” in the First National  Workshop on Roof Top Solar Power at Vigyan Bhavan r.  The award was presented by  Piyush Goyal, Minister o

Posted Date :  10-06-16

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SBI tops points of sale network list in India

Mumbai . State Bank of India (SBI), the country’s largest lender, now has the  largest network of points of sale (PoS) terminals in the country, according to  latest data by the Reserve Bank of India (RBI). With this, it has left behind  rivals such as HDFC Bank, Axis Bank an

Posted Date :  31-05-16

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ICICI Bank plans to raise up to Rs 50000-cr from bonds

New Delhi: Private sector ICICI Bank Monday said it plans to raise up to Rs 50,000 crore from bonds in tranches to fund affordable housing and infrastructure projects.    The bank intends to seek Committee of Executive Directors' (COED) approval to raise funds through issuan

Posted Date :  28-05-16

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Punjab National Bank Bags Rahbhasha Award

Mumbai. Punjab National Bank has been awarded three prizes in RBI Rajbhasha shield competition for the excellent performance in implementation of Hindi in Bank for financial year 2014-15. Besides above ‘PNB Staff journal’ got the second prize in the category of RBI bilingual magazine

Posted Date :  27-05-16

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Banks have reached peak of NPAs Jaitley

New Delhi, May 16 : Finance Minister Arun Jaitley on Monday said the banks have reached the peak of non-performing assets (NPAs) and now the "tapering process" is likely.    Once the sectoral balance sheet of banks improves, this will start tapering down. The peaks of

Posted Date :  17-05-16

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SBI enlightens Egyptian bankers on MSME Financing

MUMBAI. May 16,2016 State Bank of India (SBI) played host to senior commercial bankers from  Egypt on a study tour on MSME units in India. The visit was organized by the  Egyptian Banking Institute and coordinated in India by the Indian Institute of Banking & Finance.  &nbs

Posted Date :  16-05-16

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Yes Bank Payment Solution for Snapdeal wins awards

Mumbai. Yes Bank has won multiple awards at The Asian Banker Banker`s Choice and Asian Banker Transaction Banking Awards 2016 programme held in Vietnam.    The bank implemented a customized API Banking corporate payment solution for Snapdeal which was recognized as the Best Corp

Posted Date :  13-05-16

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ICICI Bank Regains Second Most Valued Private Lender Status

Mumbai: ICICI Bank has toppled Kotak Mahindra Bank to regain the second most valued private lender in the country as its market valuation rose to Rs 1.31 lakh crore.    Kotak Mahindra Bank had on Tuesday surpassed ICICI Bank to emerge as the second most valued private lender.

Posted Date :  10-05-16

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IDBI Bank opens IFSC Banking Unit at GIFT City

AHMEDABAD . Public sector lender, IDBI Bank announced opening of its IFSC Banking Unit (IBU) at India's first and only International Financial Services Centre (IFSC) at Gujarat International Finance Tec - City (GIFT) near Gandhinagar.   In a statement issued here, the bank inform

Posted Date :  07-05-16

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New Development, ICICI ink preferred partner pact

Mumbai.  New Development Bank (NDB), which is headed by K V Kamath, has chosen his former    organisation ICICI Bank for its first tie-up with any bank in India to explore opportunities around bond issuances, co-financing, treasury management and human resources.  

Posted Date :  06-05-16

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SBI launches mobile-based payment solution mVisa

Bengaluru:  State Bank of India today announced the launch of mVisa, a mobile-based payment solution here.   The service will help customers make payments through their smartphones by simply scanning the unique merchant QR (Quick Response) code at merchant outlets, Bank official

Posted Date :  06-05-16

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SBI Life wins Golden Peacock National Quality Award

Bhubaneswar: SBI Life Insurance has won the `Golden Peacock National Quality Award’ for the year 2015at IOD India`s ‘26th World Congress on LEADERSHIP  FOR BUSINESS EXCELLENCE & INNOVATION’ at the Golden Peacock Awards Presentation Ceremony held at Hotel The Meydan, Dub

Posted Date :  02-05-16

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PNB Farmers Welfare Trust enters MoU with ASCI

NEW  DELHI. Punjab National Bank has established PNB Farmers’ Welfare Trust for promoting  skill development among the farmers, women and rural youth in different parts of the country. The ASCI is a Sector Skill Council for Agriculture Sector under the aegis of National Skill Deve

Posted Date :  02-05-16

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ICICI Bank Top Brass Foregoes Performance Bonus For 2015-16

New Delhi: ICICI Bank has  decided against grant of performance bonus to its senior management team for fiscal year 2015-16.   "We have decided that the senior management would not receive performance bonus for FY2016. Performance bonus would however be paid to employees in

Posted Date :  02-05-16

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Bank of Maharashtra sees gross NPAs hovering around 8 percent in FY16

MUMBAI. State-run Bank of Maharashtra sees its gross non-performing assets or bad loans to be about 8 percent of gross advances in 2015-16, a top official said. Bank of Maharashtra's gross NPAs were at 7.97 percent of gross advances during the third quarter (October-December) of 2015-16 finan

Posted Date :  25-04-16

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PNB Celebrates 122nd Foundation Day

NEW DELHI. Punjab National Bank celebrated its 122nd Foundation Day on the eve of Baisakhi. To commemorate this event, a function was organised in New Delhi.  On this occasion,  Mrs. Usha Ananthasubramanian, Managing Director & CEO launched PNB Univ, PNB Unified Payment Interface, S

Posted Date :  18-04-16

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ICICI Bank Opens a new branch in Industrial area in Meerut

Meerut. ICICI Bank Ltd inaugurated its 11th branch at Industrial area in Meerut. The branch also houses a round-the-clock ATM at its premises. Mr. Harikant Ahluwalia, Mayor, Nagar Nigam, Meerut, inaugurated the branch.   It will offer a comprehensive range of loans and deposits inclu

Posted Date :  14-04-16

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PNB launches new products

NEW DELHI. Punjab National Bank (PNB) has  launched several new products including PNB Unified Payment Interface, a Gen Next Housing    Finance scheme and PNB Indo Nepal remittance facility on the occasion of its 122nd Foundation Day,. Usha Ananthasubramanian, Managing &nbs

Posted Date :  14-04-16

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