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| Jul 4, 2022 | PNB raises Rs 2,000 crore via AT1 capital bonds at lower rate of 8.75% | Benefitting from the dip in bond yields worldwide, public sector lender Punjab National Bank has raised Rs 2,000 crore in capital through tier I bonds at a fine rate of 8.75 per cent.
Bond dealers said the paper from the public-sector lende... |
| Mar 28, 2022 | PNB makes Rs 10 crore investment in ONDC to acquire 5.97 percent stake | The Punjab National Bank (PNB) stated that it has committed Rs10.00 crore in the first tranche of its investment in Open Network for Digital Commerce (ONDC). PNB’s Board of Directors had already authorised investing in ONDC with a 9.5 perce... |
| Jul 16, 2021 | PNB MetLife announces Rs 532 crore bonus for policyholders in FY21 | PNB MetLife India Insurance Company has announced a bonus of Rs 532 crore for the eligible policyholders of participating products during 2020-21.
This bonus is 7 per cent higher than that in previous year.
PNB MetLife said it has been cons... |
| May 31, 2021 | PNB Housing gets nod to raise up to ₹4,000 crore, led by Carlyle | Carlyle Group to pump in ₹3,185 crore through preferential allotment; transaction to trigger mandatory open offer by Pluto Investments
PNB Housing Finance Limited (PNBHFL) on Monday announced that its Board has approved capital raise of up ... |
| May 31, 2021 | PNB HFC raising up to Rs 4,000 cr in equity; Carlyle group among investors | A clutch of investors led by private equity firm Carlyle group will raise up to Rs 4,000 crore for PNB Housing Finance Company.
Pluto Investments, an affiliate of Carlyle Asia Partners IV, L.P. and Carlyle Asia Partners, has invested up to ... |
| May 17, 2021 | PNB raises ₹ 1,800 crore via QIP offering | Issues 53.33 crore shares at ₹ 33.75 per share
Punjab National Bank (PNB), the country‘s second largest public sector bank, has raised ₹ 1,799.99 crore through its latest Qualified Institutional Placement (QIP) offering that saw the bank is... |
| May 11, 2021 | PNB to raise funds via QIP; IndiGo board approves raising upto Rs 3000 cr via QIP | Representational picture
Covid second wave has been severe and more infectious and is likely to be a hiccup in the very nascent economic recovery. As such several companies are likely to raise funds in order to shore up the balance sheet. P... |
| Feb 6, 2021 | PNB receives loan rejig requests of only Rs 12,000 crore, says PNB MD | Punjab National Bank, the second-largest public sector lender, has received loan restructuring requests worth Rs 12,000 crore out of the 40,000 crore it had anticipated on account of stress due to the Covid-19 pandemic on businesses and ind... |
| Aug 26, 2020 | Nirav Modi case: PNB receives Rs 24 cr as first tranche of recovery from US | The central government on Tuesday said that Punjab National Bank (PNB) has informed the Ministry of Corporate Affairs (MCA) that it has received USD 3.25 million (the equivalent of Rs. 24.33 crores) as the first tranche of recoveries in fug... |
| Aug 20, 2020 | Nirav Modi case: PNB gets ₹25 crore as first tranche of claim amount | Lender may get ₹75 crore more as American creditors of Modi-controlled entities sell assets under US bankruptcy proceedings
KR Srivats Punjab National Bank (PNB) has received the first tranche of about ₹25 crore as part of its claim on the ... |
| Aug 5, 2020 | PNB gets shareholders’ nod for raising up to ₹7,000 cr | State-owned Punjab National Bank (PNB) on Tuesday said its shareholders have approved a proposal to raise up to ₹7,000 crore through share sale to enhance its capital base.
Besides, the shareholders cleared the opening balance sheet of the ... |
| Jul 10, 2020 | PNB gets board go-ahead to tap market for raising Rs 10,000 crore | |
| Jun 14, 2020 | PNB extends credit line of Rs 750 cr for Gorakhpur Link Expressway | |
| Sep 27, 2019 | PNB Board approves capital raising of upto Rs 3,000 crore via Tier-I bonds | Punjab National Bank’s (PNB) Board has given its nod for capital raising of upto Rs 3,000 crore.
The fund raising will happen in the form of Additional Tier-I Basel-III compliant perpetual bonds amounting up to Rs 3,000 crore in or more tra... |
| Jul 30, 2019 | PNB Housing Fin approves capital raising of up to ₹2,000 cr in FY20 | The board of PNB Housing Finance (PNBHFL), on Tuesday, approved a plan to raise capital of up to ₹2,000 crore this fiscal to fund its future business growth.
It is understood that the quantum of capital raising and the route to be adopted w... |
| Jul 26, 2019 | PNB board approves raising equity capital by up to Rs 5,000 cr | The board of Punjab National Bank (PNB) has approved fresh equity capital raising of up to Rs 5,000 crore.
The equity capital mop-up could happen through a Qualified Institutional Placement (QIP)/ Follow-on-Public Offer (FPO)/ Rights Issue,... |
| Oct 8, 2018 | PNB Housing raises $200 m via ECB under automatic route | PNB Housing Finance (PNBHFL) has raised $200 million (₹1,470 crore) through external commercial borrowing (ECB).
This is the first under the automatic route of the RBI. It may be recalled that the RBI had, earlier this year, allowed housing... |
| Mar 1, 2018 | PNB case: CBI finds documents linked to Rs 12,600-crore fraud at Mumbai ‘chawl’ | The CBI on Thursday said it found some documents crucial to its probe into the Rs 12,600 crore Punjab National Bank (PNB) fraud case from a ‘chawl’ in central Mumbai’s Wadala area.
The agency carried out searches following the leads that em... |
| Jan 16, 2018 | PNB Housing IPO raises Rs 894 cr from anchor investors | Among the anchor investors are SBI Life Insurance, HDFC, Axis MF, IDFC, Franklin Templeton MF and Nomura.
PNB Housing Finance, which launched its Rs 3,000 crore initial public offer (IPO) today, has raised over Rs 894 crore by allotting sha... |
| Jan 13, 2018 | PNB raises Rs 1,500 cr tier-I capital via bonds | Public sector Punjab National Bank (PNB) has raised Rs 1,500 crore additional tier-I capital by issuing bonds on private placement basis.
The bond holders will get yield of 8.95 per cent per annum, payable semi-annually.
“The bank raised Rs... |
| Jan 12, 2018 | PNB gets $100 mn from ADB for solar rooftop fund | This is the first tranche loan of the USD 500 million multi—tranche finance facility Solar Rooftop Investment Program approved by ADB in 2016
State-owned Punjab National Bank has received USD 100 million (about Rs 645 crore) as the first tr... |
| Jan 9, 2018 | PNB raises Rs 1,315 cr via stake sale in PNB Housing Finance | Punjab National Bank has raised over Rs 1,315 crore through sale of shares in subsidiary firm PNB Housing Finance through the offer for sale (OFS) route.
“The bank successfully sold 98,15,860 equity shares of PNBHFL to different investors (... |
| Jan 9, 2018 | PNB raises Rs 5,000 cr via qualified institutional placement | Punjab National Bank has raised Rs 5,000 crore ($777 million) through qualified institutional placement of shares priced at Rs 168 apiece. The QIP involved a base of Rs 3,000 crore, or 179 million shares, with an option for a size increase ... |
| Mar 24, 2015 | PNB raises Rs 1,800 cr from bonds to fund infra projects | New Delhi, Mar 24 State—owned Punjab National Bank (PNB) today announced raising Rs 1,800 crore through long-term bonds for funding infrastructure projects.
“The bank has raised Rs 1,800 crore via long-term bonds for infrastructure project ... |
| Mar 6, 2013 | Govt infuses Rs 1,248 cr in PNB; BoI gets Rs 809 cr | Two state owned lender Punjab National Bank (PNB) and Bank of India (BoI) today said they have received capital infusion of over Rs 2,050 crore, following the allotment of preferential shares to the government.
The bank has received allotme... |
| Mar 29, 2011 | PNB gets capital infusion of Rs 184 crore from Centre | Punjab National Bank (PNB) has allotted 15.10 lakh shares to the Centre on a preferential basis at an issue price of Rs 1,218.82 per share of Rs 10 each. This would lead to a capital infusion of Rs 184 crore into the bank, taking the Centre... |