Punjab National Bank News, Corporate filings and Earnings/Conference Calls

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Punjab National Bank

18 Feb 2025

103.17

0.16%

PNB reports Rs 270.57 cr loan fraud by Gupta Power Infrastructure

Business Standard

State-owned Punjab National Bank on Tuesday reported a fraud of Rs 270.57 crore by Odisha-based Gupta Power Infrastructure Ltd to the Reserve Bank. Borrowal fraud of Rs 270.57 crore has been reported to the Reserve Bank of India (RBI) in non-performing asset (NPA) account of Gupta Power Infrastructure Ltd, PNB said in a regulatory filing. The loan was given by Station Square branch of the bank in Bhubaneswar, it said. The bank has already made provisions amounting to Rs 270.57 crore, according to prescribed prudential norms. For the December quarter, PNB posted more than two-fold jump in net profit to Rs 4,508 crore as against Rs 2,223 crore in the same quarter a year ago. The company's total income increased to Rs 34,752 crore from Rs 29,962 crore in the same period a year ago, PNB said in a regulatory filing. Interest income also rose to Rs 31,340 crore from Rs 27,288 crore in the same quarter a year ago. On the asset quality front, the bank's gross non-performing assets ratio

Punjab National Bank has an average target of 130.50 from 4 brokers.

Punjab National Bank

18 Feb 2025

103.17

0.16%

Company Update

PUNJAB NATIONAL BANK - 532461 - Borrowal Fraud Of Rs. 270.57 Crore In NPA Account Of …

BSE India

Borrowal fraud of Rs. 250.27 crore in NPA account of M/s Gupta Power Infrastructure Limited

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Punjab National Bank

14 Feb 2025

103.17

0.16%

Company Update

PUNJAB NATIONAL BANK - 532461 - Announcement under Regulation 30 (LODR)-Issue of Securities

BSE India

Issue of Long Term Infrastructure Bonds

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Punjab National Bank

13 Feb 2025

103.17

0.16%

PNB scam: Court allows auction of properties owned by Mehul Choksi's firm

Business Standard

A special court in Mumbai on Thursday allowed the auction of 13 properties of Gitanjali Gems Limited, a firm of fugitive diamond trader Mehul Choksi, the prime accused in the Punjab National Bank (PNB) loan fraud case. Judge S M Menjoge of the special court hearing cases related to the Prevention of Money Laundering Act (PMLA), while allowing the official liquidator's plea, held that if the properties are kept idle without maintenance then it will definitely reduce the value. These properties are: seven flats in Kheni Tower in Mumbai's Santacruz, a commercial unit in Bharat Diamond Bourse, four office units at Diamond Park in Gujarat's Surat and a shop there. The liquidator had last week moved a plea, seeking to get a valuation of these properties which are not secured and later sell them by way of auction. The Enforcement Directorate (ED), in its response, had said that it has no objection if the plea was allowed. The court then ruled that after undertaking the valuation process,

Punjab National Bank is trading above its 150 day SMA of 100.2

Punjab National Bank

11 Feb 2025

103.17

0.16%

Earnings Call

PUNJAB NATIONAL BANK - 532461 - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome

BSE India

Outcome of Analyst/ Investor meet

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Punjab National Bank

07 Feb 2025

103.17

0.16%

Corp. Note

PUNJAB NATIONAL BANK - 532461 - Announcement under Regulation 30 (LODR)-Interest Rates Updates

BSE India

Change in Interest rates

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Punjab National Bank

06 Feb 2025

103.17

0.16%

Company Update

PUNJAB NATIONAL BANK - 532461 - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation

BSE India

Investor/Analyst Meet

pdf

Punjab National Bank

04 Feb 2025

103.17

0.16%

Earnings Call

PUNJAB NATIONAL BANK - 532461 - Announcement under Regulation 30 (LODR)-Earnings Call Transcript

BSE India

Transcript of the Earnings Call with Analysts/ Investors on the Reviewed Financial Results for the quarter/ nine-months ended 31st December, 2024.

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Punjab National Bank

03 Feb 2025

103.17

0.16%

Core profitability a bother for PNB

livemint

For Q3FY25, Punjab National Bank reported a surge in profits but a decline in core performance, highlighting persistent challenges. While lower NPA provisions and treasury gains have boosted results, investors remain cautious due to weak core income growth and high operating expenses.