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The Latest Breaking News from Punjab National Bank

PNB shares decline 3% after Q1 business update; global business nears Rs 30 lakh crore

Punjab National Bank's Q1 FY27 business update reveals a robust 12.85% year-on-year surge in global advances, reaching Rs 12.75 lakh crore. Deposits also saw a healthy 8.52% rise. The bank's overall global business crossed Rs 30 lakh crore, marking over a 10% YoY increase. These positive trends are set to…

The Economic Times

PNB to focus on Retail, Agriculture, MSME advances, CASA deposits to boost profitability: MD Ashok Chandra

Punjab National Bank is set to prioritize retail, agriculture, and MSME lending, alongside boosting low-cost deposits to fuel growth. MD and CEO Ashok Chandra highlighted the bank's strong financial position and commitment to digital expansion and customer service. PNB aims to contribute to India's 'Viksit Bharat' vision by 2047, integrating…

The Economic Times

CBI conducts searches in Kolkata in PNB fraud cases

The Central Bureau of Investigation (CBI) has conducted searches on Wednesday, at 8 locations in Kolkata, West Bengal, in connection with three separate cases registered against Tantia Construction Ltd., Brahm Alloys Ltd. and Amrit Feeds Ltd.

The Economic Times

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Senior citizens FD interest rates up to 8.3%: SBI, HDFC Bank, PNB, ICICI Bank, Axis Bank and more

Highest FD interest rate: Senior citizens seeking lucrative returns on their savings can now explore attractive fixed deposit options. Small finance banks like Unity SFB and Shivalik SFB are leading the pack, offering an impressive 8.3% interest rate on FDs for this demographic. This presents a significant opportunity for retirees…

The Economic Times

PNB, Ujjivan raise FCNR deposit rates

Punjab National Bank and Ujjivan Small Finance Bank have raised interest rates on FCNR(B) USD deposits for Non-Resident Indians. This move follows the RBI's announcement of a foreign currency swap window. Bank of Baroda has also introduced a new retail term deposit scheme for resident Indians. These initiatives aim to…

The Economic Times

Revised FCNR interest rates up to 7.13%: PNB, ICICI Bank, Axis Bank and others revise rates

FCNR interest rates: Banks are increasing interest rates on Foreign Currency Non-Resident (FCNR-B) deposits for NRIs, OCIs, and POIs. This follows the RBI's announcement to cover hedging costs for new 3 to 5-year deposits until September 2026. Axis Bank now offers up to 6% on these schemes for select tenures.

The Economic Times

Eight public sector banks add 13,223 employees in FY26; SBI leads hiring spree

Eight public sector banks, including SBI, collectively added 13,223 employees in FY26, boosting their total workforce to over 6.28 lakh. State Bank of India led the hiring surge, accounting for nearly 67% of the new positions. This expansion occurs despite digitalization, indicating a continued reliance on human resources for growth…

The Economic Times

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Pvt sector reposing faith in economy, capex cycle showing signs of revival: Punjab National Bank CMD Ashok Chandra

Private sector investment is reviving. Companies are borrowing more for expansion and infrastructure. Punjab National Bank (PNB) sanctioned nearly Rs 4 lakh crore in corporate loans last fiscal year. This trend continues, with sanctions expected to exceed Rs 4 lakh crore this year. This indicates growing confidence in the Indian…

The Economic Times

Highest FD interest rates of 5 major banks: SBI, PNB, HDFC Bank, ICICI Bank and Bank of Baroda

Despite the RBI maintaining the repo rate at 5.25%, major banks like SBI, HDFC, ICICI, PNB, and Bank of Baroda are offering competitive fixed deposit interest rates. These attractive rates, particularly for senior citizens, vary across different tenures, with some reaching up to 7.1%.

The Economic Times

FD interest rate up to 8.05%: 4 banks that revised FD interest rates in June 2026

Fixed deposit investors are watching interest rates closely. Several banks have revised their FD rates in June 2026. Savers can lock in attractive returns with some banks offering up to 8% interest to senior citizens on select tenures.

The Economic Times

PNB customer alert: PSU bank suspends MasterCard network activity linked to Russia

Punjab National Bank customers using MasterCard for international transactions face continued suspension of services linked to Russia. This action aligns with global sanctions. The bank also announced the discontinuation of complimentary airport lounge access for its MasterCard Platinum Debit Cardholders from June 1, 2026. New fixed deposit rates are effective…

The Economic Times

10 lowest floating vs fixed home loan interest rates: PNB, ICICI Bank, Bank of Baroda and more

Home loan interest rates: Choosing a home loan involves comparing floating and fixed interest rates. Floating rates can decrease but also increase with RBI policy. Fixed rates offer stable EMIs, which can be beneficial as income grows. ET Wealth Online presents the 10 lowest fixed and floating home loan rates…

The Economic Times

Highest 3-year FD interest rates for senior citizens: These banks offer 8% interest rate on fixed deposits

Senior citizens seeking higher returns on their retirement savings can explore 3-year Fixed Deposit options. Small finance banks like Jana and Utkarsh lead with 8% interest, while private banks such as Bandhan and YES Bank offer up to 7.75%. Public sector banks, including Bank of India and Standard Chartered, provide…

The Economic Times

Better recoveries, low slippages pull down PSU banks write-offs to multi-year lows in FY26

Public sector banks in India saw loan write-offs fall to multi-year lows in fiscal year 2025-26. This positive trend is attributed to fewer new bad loans and better recovery of existing ones. Banks like Bank of Baroda and Punjab National Bank reported their lowest write-offs in years. This signifies a…

The Economic Times

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The Independent UK

A fugitive Indian jeweler accused of a $1.8bn bank fraud has been arrested in Belgium

Fugitive Indian jeweler Mehul Choksi, who has been accused of involvement in one of India’s biggest bank frauds, has been arrested in Belgium

Dynamite News

Diamond trader Mehul Choksi arrested for fraud in Belgium; Know the whole matter

Choksi, after fleeing from India, was living with his wife Preeti Choksi in Antwerp city in Belgium. Read further on Dynamite News

The Independent UK

Indian jeweller accused in £1.4bn bank fraud case detained in Belgium

New Delhi has sent a request for Mehul Choksi's extradition

Dynamite News

DFS Secretary M. Nagaraju lauds PNB for cyber awareness programme during 131st Foundation Day

Punjab National Bank celebrates 131 years with digital push and new customer schemes. Read more at Dynamite News.

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Dynamite News

From Track to Tech: PNB's Half Marathon Empowers a Cyber-Safe India

Over 13,800 runners raced for fitness and cybersecurity awareness, promoting a 'Secure Digital India' with races, prizes, and fraud prevention initiatives. Read more at Dynamite News.

Dynamite News

Uttarakhand: DGP hands over accident insurance cover to dependents of late ASI

Under the Police Salary Package Scheme, accident insurance of rupees one crore has been allowed on the salary accounts of police personnel with various banks. Read further on Dynamite News:

The Hindu

Morning Digest | Largely peaceful Phase 3 records over 64% polling; CBI arrests four for pushing Indians into Russia-Ukraine war, and more

The Hindu Morning Digest gives a select list of stories to start the day. Read the top news today on May 8, 2024

The Hindu

Bombay HC rejects Mehul Choksi’s pleas challenging proceedings to declare him fugitive economic offender

The Bombay High Court on Thursday rejected all the pleas filed by fugitive diamantaire Mehul Choksi challenging the applications by the Enforcement Directorate (ED) to declare him a fugitive economic offender (FEO) in the multi-crore Punjab National Bank (PNB) scam. The directorate has filed three chargesheets against Mr. Choksi and…

Dynamite News

DN Exclusive: Is PNB top management under deep slumber? CBI nabs another official for bribe, Bank’s work culture under question mark

Back to back arrest of Punjab National Bank's (PNB) officials by the Central Bureau of Investigation (CBI) in corruption cases is raising a big question on the work culture and credibility of the Bank. Why does the top management totally fail to make the Bank corruption free? Read full story…

Dynamite News

PNB Work Culture Exposed: Once again Punjab National Bank in controversy; CBI arrests two officials for taking bribe

The type of banking work culture being promoted by the officials of the Punjab National Bank sitting in Delhi was exposed when the CBI arrested two PNB employees red-handed while taking bribe. Read the full report of Dynamite News:

The Hindu

CBI registers ₹1,017-crore bank fraud case against Loha Ispaat, others

The company had taken credit facilities amounting to ₹812.07 crore from the consortium involving the Bank of India, Canara Bank, Indian Overseas Bank, Punjab National Bank and the Bank of Maharashtra

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