Psu Bank

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Psu Bank - Total results - 11
PNB gets stock exchanges' nod to trade over 266 cr shares post merger with 2 other PSBs
Business

PNB gets stock exchanges' nod to trade over 266 cr shares post merger with 2 other PSBs

State-owned Punjab National Bank (PNB) on Tuesday said it has received approval from stock exchanges for trading of over 266 crore shares post amalgamation with two other PSBs

IL&FS default to have effect on short-term liquidity; situation may result in higher interest rates for SMEs
Business

IL&FS default to have effect on short-term liquidity; situation may result in higher interest rates for SMEs

The higher lending cost will inflate prices of goods and services which will, in turn, out to be negative for the economy in the long run.

Rupee crashes to all-time low on Turkish lira shock; logs biggest single-day fall in 5 years
Business

Rupee crashes to all-time low on Turkish lira shock; logs biggest single-day fall in 5 years

Previously, the rupee had dropped 2.4 percent or 148 paise in a single day in August 2013.

Higher oil prices key risk to growth; government's PSB recapitalisation package not sufficient: Moody's
Business

Higher oil prices key risk to growth; government's PSB recapitalisation package not sufficient: Moody's

Higher crude price is a key risk to India's growth, but subsidy reform in petrol and diesel has diminished the risk to sovereign credit profile, Moody's said

Fraud-hit Punjab National Bank hopes to recover Rs 20,000 crore from NPAs in the first-half of FY19
Business

Fraud-hit Punjab National Bank hopes to recover Rs 20,000 crore from NPAs in the first-half of FY19

PNB has recovered around Rs 5,600 crore in the first two months of the ongoing fiscal.

Air India posts Rs 3 cr daily loss in Q1: How will it show 10-fold jump in operating profit?
Business

Air India posts Rs 3 cr daily loss in Q1: How will it show 10-fold jump in operating profit?

Not a word on how this will be achieved was there in the minister’s reply, other than the usual reference to generic steps taken in the past on routes, better fleet utilistion etc

Comfortable with NPA clean-up so far, says Rajan
Business

Comfortable with NPA clean-up so far, says Rajan

Reserve Bank Governor Raghuram Rajan today said he is comfortable with the stressed assets recognition process undertaken by the banks in the process of cleaning up their balance sheets.

Forget Parliament outrage, both Congress and BJP are responsible for delay in bringing Mallya to book
Politics

Forget Parliament outrage, both Congress and BJP are responsible for delay in bringing Mallya to book

The immediate logical question is why it took so much time for the country’s top politicians to realise the gravity of the bad loan problem faced by Indian banks and the tactics played by crony promoters like Mallya, who have taken the banking system for a ride?

There is a good news in rising bank NPAs and for that Rajan should get the credit
Business

There is a good news in rising bank NPAs and for that Rajan should get the credit

Even though it might cause pain in the immediate future, it’s good that banks are forthcoming in recognising bad loans, since this can help addressing the hidden rot in their books.

Is a bailout package in the works for India's ailing airlines?
Corporate

Is a bailout package in the works for India's ailing airlines?

Do loss making Indian airlines need a bailout package?