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  1. Home
  2.   Banking Sector News

ICICI Bank organised MSME conclave in Gurugram

Gurugram: ICICI Bank organised a conclave for Micro, Small and Medium Enterprises (MSMEs) in Gurugram to discuss the role of digital banking to make business more convenient to the segment. The conclave was part of the Bank’s initiative across the country to reach out to MSME companies. The con

Posted Date :  29-04-19

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Allahabad Bank Andhra Bank in talks to sell stakes in ASREC India

Mumbai: Public sector lenders Allahabad Bank and Andhra Bank are looking for merchant bankers to sell their stakes in ASREC (India) Ltd, an asset reconstruction company.  The banks require the assistance of merchant bankers to value the company and scout for potential buyers to sell their st

Posted Date :  18-04-19

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PNB celebrates International Women s Day

New Delhi: Punjab National Bank celebrated the International Women’s Day. Senior representatives of PNB Prerna, an association of wives of the Senior Officials and senior lady Officials of the Bank, felicitated women achievers from different walks of life. Dr. Jayanti Mehta, President, PNB Prer

Posted Date :  09-03-19

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Allahabad Bank betters Q3 Show

Kolkata: State-owned Allahabad Bank Wednesday reported narrowed net loss at Rs 732.81 crore for third quarter ended December of the current financial year due to the reduction in bad loan provisions. The bank had posted a net loss of Rs 1,263.79 crore in the same period of the previous fiscal. To

Posted Date :  07-02-19

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PNB Organizes Cleanliness Drive at Dwarka Headquarters

New Delhi: Swachhata Pakhwada 2019 a cleanliness drive was led by Shri Sunil Mehta, MD & CEO, Punjab National Bank at PNB Dwarka Headquarters. On the occasion, Shri Agyey Kumar Azad Executive Director, PNB and several General Managers and other senior officials also participated in the cleanlines

Posted Date :  01-02-19

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State Banks On Strike today Over Mergers

New Delhi: Services of state-owned banks are expected to be impacted on Wednesday due to a nation-wide strike call given by unions to protest against the proposed amalgamation of Vijaya Bank and Dena Bank with Bank of Baroda.    This will be the second bank strike in less than a week. A

Posted Date :  25-12-18

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Bank of India Invites Bids for stake sale in 3 Associate Companies

New Delhi: State-run Bank of India (BoI) invited bids for the sale of its stake in three associate companies namely STCI Finance, SIDBI and Equifax Credit Information Services. Earlier this week, BoI said it was looking to raise nearly Rs 1,000 crore through stake sale in some of its non-core

Posted Date :  22-09-18

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ICICI Bank Launches Lending to MSMEs Based on their GST Returns

Mumbai: ICICI Bank Ltd. announced the launch of a new working capital facility that enables MSMEs (Micro, Small and Medium Enterprise) to get an overdraft (OD) based on the turnover reported in their Good and Services Tax (GST) returns. Christened ‘GST Business Loan’, the facility is availabl

Posted Date :  11-09-18

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Amitabh Chaudhry to replace Shikha Sharma as CEO of Axis Bank

Amitabh Chaudhry of HDFC Life has been appointed as the Chief Executive Officer of Axis Bank. He will assume office after Shikha Sharma completes her tenure as the Axis Bank CEO.   "We wish to inform you that the Board of Directors (the Board) of the Bank at its meeting held today has ta

Posted Date :  10-09-18

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PNB has set a Target of Recovering Rs. 20000 Crore from NPA

New Delhi: Punjab National Bank has set a target of recovering nearly Rs. 20,000 crore from the non-performing assets (NPA) in the first half of this financial year. In the first two months of this quarter, the bank has recovered Rs 5,600 crore. The bank has targeted the recovery of NPAs of about

Posted Date :  08-06-18

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Shri Rajendra Kumar Joins as GM Bank of Baroda of Patna Zone

Ranchi: Shri Rajendra Kumar has joined as GM & Zonal Head of Bank of Baroda, Patna Zone capturing Bihar, Jharkhand & Orissa states. Before coming here he was he was General Manager & Zonal Head of MP & Chhatisgarh Zone.  During his 35 years of banking career, he has outstanding records in va

Posted Date :  25-05-18

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PNB Embarks on Mission Parivartan

NEW DELHI: In keeping with the dynamic business environment, the Bank has embarked on Mission Parivartan – a structured approach to keeping the long-term success of the Bank in mind An Independent think tank on the lines of *NitiAyog* named *Mission Parivartan Division* will act as the cata

Posted Date :  23-03-18

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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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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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