Punjab National Bank
Finance
Punjab National Bank to buy stake in bad bank
Government-owned Punjab National Bank (PNB) on Saturday said it will acquire a stake in the soon-to-be-set-up National Asset Reconstruction...
Finance
Ares SSG picks up 10% stake in housing finance firm
Alternative asset manager Ares SSG (previously known as SSG Capital) has picked up 1.60% stake in one of India’s largest...
General
Grapevine: IL&FS InvIT gets regulatory nod; Vedanta sole bidder for Videocon stake in Ravva
The capital markets regulator has approved the setting up of IL&FS’ infrastructure investment trust (InvIT) that would...
Finance
Carlyle-backed PNB Housing taps another SBI veteran to be CEO
PNB Housing Finance Ltd, which is part-owned by private equity firm Carlyle, has appointed a former head of SBI Cards ......
Markets
Nifty, Sensex record fourth straight weekly gains
Indian shares closed lower on Friday as record daily increases of domestic coronavirus cases threatened to disrupt an economic...
Finance
PNB reports $491 mn Dewan Housing loans as fraud
Punjab National Bank said on Thursday it had reported loans made to Dewan Housing Finance Corporation Ltd worth 36.89 billion...
Finance
PNB expects recoveries worth $1 bn in three months' time
State-owned Punjab National Bank (PNB) is expecting recoveries worth Rs 8,000 crore ($1.05 billion at current exchange rate) from...
Finance
Banks weigh Sashakt panel-proposed fund to turn around stressed assets
Indian banks have revived discussions on setting up an asset management company and an alternative investment fund of around Rs...
Finance
Carlyle-backed PNB Housing appoints SBI veteran as interim CEO
PNB Housing Finance Ltd said on Tuesday it has appointed Neeraj Vyas as its interim managing director and chief executive ......
General
Small businesses struggle to pay wages amid coronavirus lockdown
Hundreds of thousands of cash-starved Indian small businesses have either deferred or cut their workers’ wages this month,...
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