Punjab National Bank to consider capital infusion of Rs 2,816 crore by Government of India on Aug. 6.
Punjab National Bank
PNB, other PSBs May Get ₹ 8,000 Crore Lifeline
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 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.