News

Total consolidated income of the bank increased by 7.85% to Rs 23291.70 crore for Q2FY23

Domestic Advances stood at Rs 10,66,818 crore in Q4FY25

By the association, both the partners are aiming to provide support to more than 11 lakh retailers, wholesale dealers and others

Domestic deposits stood at Rs 15,36,871 crore (provisional) as of June 30, 2025

The WhatsApp banking service will be available 24 by 7, including holidays, on both android and iOS-based mobile phones

Its global gross advances were up by 13.8% to Rs 9,44,678 crore in Q2FY24 as against Rs 8,30,212 crore as of September 30, 2022

This action is based on the deficiencies in regulatory compliance

This move is in line with the RBI’s CBDC pilot project and unleashes a new potential in India’s payment ecosystem

The bank has issued and allotted Basel III compliant additional tier-I bonds at a coupon rate of 8.75 per cent per annum

The MoU is to provide specially designed products to the defence personnel under the bank’s flagship scheme of ’PNB Rakshak Plus’

The virtual branch of the bank will deliver a unique experience of banking to existing and new customers

Total consolidated income of the bank increased by 13.11% at Rs 37299.02 crore for Q4FY25

The Board of Directors has approved the same

The partnership is aimed to facilitate financing under e-NWR

Besides, the bank will focus on accelerating digital transformation

The bank has also introduced a QR code-based customer feedback mechanism, a live-chat assistant ‘Pihu’

The AA system helps banks leverage data acquired digitally through customers’ consent

The stake sale is expected to be completed by the end of the June quarter

This special rate of interest scheme has come to effect from October 19, 2022

It has been consistently declaring bonuses on participating products every year, and the bonus amount for FY22 is 12 per cent higher than that of FY21

The Bank discontinued to pass on the benefit from last month, citing that the facility has been withdrawn by the OMCs

This marks a significant milestone in providing comprehensive financial protection to coal mining workers and their families

The bank had entered into a definitive agreement to sell its entire stake in ISARC in May

The partnership is to deliver specially designed banking products to the military personnel

Total consolidated income of the bank increased by 31.76% at Rs 28,132.23 crore for Q4FY23

The MoU was inked to provide benefits such as personal accident insurance, air accident insurance under the ‘PNB Rakshak Plus’ scheme

A meeting of the Board of Directors of the Bank is scheduled on March 28, 2024 for inter alia considering the proposal of the same

The bank has allotted 658 Basel III Compliant Additional Tier-I Bonds at a coupon of 8.30% p.a.

The bank has also introduced new facility of overdraft against fixed deposit on PNB One in a few clicks and a single OTP

The non-convertible taxable bonds will qualify as Additional Tier I capital

The non-convertible taxable bonds will qualify as Additional Tier I capital

Consolidated total income of the bank increased by 16.81% at Rs 30527.38 crore for Q3FY24

The bank holds 15.22 per cent stake in UTI AMC as on date

Total consolidated income of the bank increased by 34.87% at Rs 29033.11 crore for Q1FY24

The bank also plans to expand its RAM (retail, agriculture and MSMEs) sector lending to 58 per cent of its loan book in the current financial year

Total consolidated income of the company increased by 28.19% at Rs 29857.05 crore for Q2FY24

MoU aims to jointly explore the possibility to fund the Power Sector and Infrastructure and Logistics Sector projects under the consortium arrangement

The non-convertible taxable bonds will qualify as Tier I capital

The board has approved participation in the proposed rights issue of Druk PNB Bank

The bank has raised fund through 8.75% Non-Convertible, Taxable, Perpetual Subordinated, Unsecured, Fully Paid-Up Basel III Compliant Additional Tier I Bonds

With this integration, PNB has become the first public sector bank to facilitate frictionless credit flow to MSMEs using GST invoices

Total consolidated income of the bank increased by 17.32% to Rs 26,133.53 crore for the quarter under review

The Board of Directors of the Bank in its meeting held on March 29, 2023 has approved the same

Thereafter, PNB will cease to be sponsor/shareholder in ARCIL as the shareholding will be NIL after stake sale