Gold Silver Reports (GSR) – India’s 3rd-largest state-run lender will issue preferential shares to the government, the people said, asking not to be named as the information isn’t public. This will help restore capital to the level needed to pay the coupon that’s due July 25, they said.
PNB Bank
PNB To Concentrate Processing Of Big Loans To 60 Designated Branches
Gold Silver Reports (GSR) – “The bank is in the process of shifting most of the large accounts to SIBs,” the state-run lender said in a release today. The bank will create these SIBs across the country as part of its credit restructuring exercise.
Punjab National Bank Extends Losses – Goldman Neal Bhai Reports – INDIA
Gold Silver Reports – Punjab National Bank Extends Losses – Shares of Punjab National Bank extended losses, falling as much as 11.2 percent, to Rs 99.35 after the bank informed stock exchanges that the quantum of amount of fraudulent transactions at its Mumbai branch could rise by $204 million. Goldman …
PNB Stock Down 9% to Hit 52-Week Low – Goldman Neal Bahi Reports – INDIA
Gold Silver Reports – PNB Stock Down 9% to Kiss 52-Week – Shares opened weak at ₹107.80, then cracked 8.75 % to a 52-week low of ₹ 102.10 on the BSE.