Market News
Stay updated with the latest market trends, earnings, and economic indicators.
Punjab & Sind Bank's business grows 15% as loans outpace deposits in Q1
Punjab & Sind Bank reported a 15.33% rise in total business for the June quarter, with loans growing faster than deposits. While its CASA ratio declined from a year ago, the lender continued to expand its balance sheet, driven by strong credit growth.
NPCI turns to AI to stop frauds from siphoning off money
India's banking sector is set to gain a powerful new weapon against digital fraud. The National Payments Corporation of India (NPCI) has initiated a pilot for an AI model that can detect and track stolen money in real-time as it moves across bank accounts. This innovative technology aims to intercept fraudulent transactions before funds vanish, significantly reducing losses for victims and bolstering the security of digital payments across the nation.
Canara Bank, Bank of Baroda, Indian Bank pay Rs 7,023 cr dividend to govt for FY26
Three public sector banks, Canara Bank, Bank of Baroda, and Indian Bank, collectively disbursed Rs 7,023 crore in dividends to the government for the 2025-26 fiscal year. Canara Bank contributed Rs 2,397 crore, BoB Rs 2,811 crore, and Indian Bank Rs 1,815.05 crore. These payouts underscore the banks' robust financial performance and their dedication to national development goals.
PNB, Canara Bank, SBI To Be Merged? PIB Flags 'Fake News' On Social Media
The Government of India has not approved or announced any such mega-merger involving these three major public sector banks.
PNB to focus on Retail, Agriculture, MSME advances, CASA deposits to boost profitability: MD Ashok Chandra
Punjab National Bank is set to prioritize retail, agriculture, and MSME lending, alongside boosting low-cost deposits to fuel growth. MD and CEO Ashok Chandra highlighted the bank's strong financial position and commitment to digital expansion and customer service. PNB aims to contribute to India's 'Viksit Bharat' vision by 2047, integrating ESG principles for responsible and sustainable development.
PFC, REC Likely To Enter NBFC Upper Layer Under RBI Framework, PNB Housing May Exit: Brokerages
Morgan Stanley and Jefferies believe RBI norms will have a 'manageable impact' on NBFCs
Fintech Stock Backed by Ashish Kacholia Jumps After Signing Deal with Punjab National Bank By Trade Brains - Investing.com India
Fintech Stock Backed by Ashish Kacholia Jumps After Signing Deal with Punjab National Bank By Trade BrainsInvesting.com India
Zaggle Prepaid rises after signing 5-year agreement with PNB
Zaggle Prepaid Ocean Services (Zaggle) gained 2.73% to Rs 218.35 after the company announced that it has entered into a five-year agreement with Punjab National Bank (PNB) to launch a co-branded retail credit card.
Zaggle Prepaid inks 5-year agreement with PNB
Zaggle Prepaid Ocean Services (Zaggle) announced that it has entered into an agreement with Punjab National Bank (PNB) to act as a co-branding partner for a retail credit card product.
CBI conducts searches in Kolkata in PNB fraud cases
The Central Bureau of Investigation (CBI) has conducted searches on Wednesday, at 8 locations in Kolkata, West Bengal, in connection with three separate cases registered against Tantia Construction Ltd., Brahm Alloys Ltd. and Amrit Feeds Ltd.
Buy, Sell Or Hold: Coforge, Samvardhana, Tata Power, Marksans Pharma, PNB — Ask Profit
Buy Sell Hold
Punjab National Bank spurts 0.99%, up for five straight sessions
Punjab National Bank is quoting at Rs 109.95, up 0.99% on the day as on 12:44 IST on the NSE. The stock is up 6.77% in last one year as compared to a 2.73% fall in NIFTY and a 4.19% fall in the Nifty Bank.