PSU Bank Employees Protest Against Perquisite Tax

Employees of Punjab National Bank (PNB) in Churu staged a forceful demonstration outside the bank branch close to Dharmastupa on Wednesday. The protest was planned in reaction to the bank's new loan issue circular and the implementation of the perquisite tax....

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Punjab National Bank(PNB) Q3 net profit doubles, NII up 7.2%

 On Friday, Punjab National Bank said that its standalone net profit for the third quarter, which ended on December 31, 2024, had doubled to Rs 4,508 crore. In the previous year's October–December quarter, the bank made a net profit of Rs 2,223 crore. ...

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Top 10 Mobile Banking Applications in India

Over the past few decades, technology has advanced significantly. From computers to laptops and iPads, software to applications, and mobile phones to Android devices, the digital age is pervasive. These days, many people use mobile banking apps. When conducting...

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New MD & CEO appointed in Two Public Sector Banks

Two major public sector banks, Indian Bank and Punjab National Bank, have had their leadership changes authorized by the Appointments Committee of the Cabinet (ACC), the government said in two separate orders.Ashok Chandra, who is now Canara Bank's executive director,...

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Punjab National Bank (PNB) Q2FY25 Net profit increases 145%

Punjab National Bank (PNB) reported a substantial 2.5x year-on-year surge in its standalone net profit to Rs 4,303.5 crore for the quarter ending September 2024, compared with Rs 1,756.1 crore in the same period a year earlier. The jump in profit was helped by...

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Karnataka Orders Closure of all Government Accounts in two PSU banks due to Alleged Fraud

 On Wednesday, the Karnataka government took a significant step by ordering all state departments to close their accounts in the State Bank of India (SBI) and Punjab National Bank (PNB). This decision comes as a response to allegations of misappropriation...

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Punjab National Bank(PNB) posts Q1 Results 159% surge in net profit

Punjab National Bank (PNB) on Saturday reported more than two-fold jump in standalone net profit at Rs 3,252 crore for June quarter FY25 helped by decline in bad loans and improvement in interest income.The state-owned bank had posted a net profit of Rs 1,255...

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This PSU bank will use Digital Technology for Transfer and Posting of Officers

Punjab National Bank(PNB) – one of the largest public sector banks in India is actively planning to use digital technology for transfer and posting of officers. Recently, PNB has launched ‘UDAAN’ portal to assess the performance of employees and as per the reports,...

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