PUNJAB NATIONAL BANK (PNB)
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CBI probes PNB Greater Noida branch fraud over diverted customer funds
The Central Bureau of Investigation (CBI) launched an investigation into an alleged fraud, involving crores of rupees, at the Punjab National Bank (PNB) branch in Greater Noida, Uttar Pradesh.
PNB Suspends 12 Employees, Settles Rs 43 Lakh in Greater Noida Fraud
Punjab National Bank has suspended 12 employees and filed a CBI case over an alleged Rs 10 crore fraud at its Greater Noida branch. The bank has also settled Rs 43 lakh in customer claims tied to the fraud, with the CBI investigation now underway.
Union Bank Q2 profit jumps 30% to ₹5,537 crore as asset quality improves
Union Bank of India reported a 30% year-on-year rise in Q2 net profit to ₹5,537 crore, driven by a decline in slippages and improved asset quality. Shares surged as much as 5% following the results, with the PSU bank index climbing 3% as investors cheered the stronger-than-expected earnings. The stock remains in focus as the market digests the improvement in NPAs and the sustainability of the profit growth.
PNB eyes debut $500 million dollar bond issue
One of India’s largest state-run lenders, Punjab National Bank, is set to tap the US dollar-denominated debt market through a debut issue in the coming weeks under the central bank’s discounted swap window, two merchant bankers said on Friday. Punjab National Bank is eyeing at least $500 million through a 5-year bond issue, and if rates are favourable and demand is strong, it could raise up to $1 billion, the bankers added.
PNB global business rises 12% to ₹31.20 lakh crore in H1 FY27
2 Min Read Punjab National Bank (PNB) reported an 11.95% year-on-year rise in global business to ₹31.20 lakh crore for the half-year ended September 30, 2026, according to provisional business figures submitted to the stock exchanges. The bank's global business stood at ₹27.87 lakh crore as of September 30, 2025, and ₹29.98 lakh crore at the end of June 2026. On a quarter-on-quarter basis, global business grew 4.06%.
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F&O: Analyst recommends Bull spread strategy on Hero MotoCorp, PNB
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