Govt to initiate PSBs’ consolidation process after Q1 results

The finance ministry is expected to initiate the process of consolidation of public sector banks (PSBs) once the first quarter results of the current fiscal have been announced, a senior official has said. There are various things including financial performance which have to be looked at before a merger decision is taken, said the official… Continue reading Govt to initiate PSBs’ consolidation process after Q1 results

PNB Q1 net up 12% at Rs 343 cr; NPAs rise on farm loan waiver

Punjab National Bank has registered 12 per cent rise in net profit at Rs 343 crore during the first quarter of 2017-18, but farm debt waiver in some states has hit its bad debts.   The bank has got board approval to raise Rs 3,000 crore from equity and bonds each this financial year. Of… Continue reading PNB Q1 net up 12% at Rs 343 cr; NPAs rise on farm loan waiver

PNB Q1 net up 12% at Rs 343 cr; NPAs rise on farm loan waiver

Punjab National Bank has registered 12 per cent rise in net profit at Rs 343 crore during the first quarter of 2017-18, but farm debt waiver in some states has hit its bad debts. The bank has got board approval to raise Rs 3,000 crore from equity and bonds each this financial year. Of this,… Continue reading PNB Q1 net up 12% at Rs 343 cr; NPAs rise on farm loan waiver