Tag: Punjab National Bank

PNB share jumps over 3% on Moody’s upgrade; SBI, ICICI Bank fall on RBI directive to link lending rates

Source: businesstoday.in Shares of Punjab National Bank (PNB) jumped over 3 per cent in intraday trade on the Bombay Stock Exchange (BSE) on Thursday after global rating agency Moody’s upgraded the outlook on the lender to ‘positive’ from ‘stable’. In contrast, the S&P BSE Bankex index was trading 259.18 points, or 0.85 per cent, lower

PNB share jumps over 3% on Moody’s upgrade; SBI, ICICI Bank fall on RBI directive to link lending rates

Source: Shares of Punjab National Bank (PNB) jumped over 3 per cent in intraday trade on the Bombay Stock Exchange (BSE) on Thursday after global rating agency Moody’s upgraded the outlook on the lender to ‘positive’ from ‘stable’. In contrast, the S&P BSE Bankex index was trading 259.18 points, or 0.85 per cent, lower at

Govt moves to appoint heads of BoI, BoB, PNB and Canara Bank

Source: livemint.com The government has initiated the process of filling up upcoming vacancies in the top management of large public sector banks (PSBs), unlike last year when several top banks remained headless for months. The Banks Board Bureau (BBB) has invited applications for the post of managing director (MD) and chief executive officer (CEO) in four leading

Public sector banks hold 2-day meet to generate ideas for growth

Source: thehindubusinessline.com Public sector lenders, including Punjab National Bank (PNB), Bank of Baroda (BoB) and Corporation Bank, organised a two-day consultation process at branch level, seeking suggestions to make the sector future ready and be a catalyst in economic growth. The consultations were held on August 17-18, under the direction of Department of Financial Services,

Monday mayhem on D-Street: PSU Bank index tanks 5% dragged by PNB; Maruti hits 2-yr low

Source: moneycontrol.com Indian benchmark indices are down over 1.5 percent each dragged by the Auto and the PSU Bank index. The major contributors to the fall are Maruti Suzuki and Punjab National Bank. Nifty is down 197 points and is trading at 11,614 level while the Sensex plunged 627 points and is trading at 38,886 level. Nifty PSU