In a filing to the Bombay Stock Exchange, Relay BV, a wholly-owned subsidiary of Diageo Plc, said acquisition of 2.38 per cent from USL Benefit Trust is yet to be completed.

State-run Punjab National Bank (PNB) reported a 52.56 per cent drop in net profit to Rs 505.49 crore for the quarter ended September 30, 2013, due to rise in non-performing assets.

Factors one must look at while analysing a PSU are impact of government policies, balance-sheet strength, revenue, and most important, how much stake the government intends to sell in the future.

While Moody's has downgraded State Bank of India's senior unsecured debt and local currency deposit rating by a notch, Fitch downgraded viability ratings of Punjab National Bank and Bank of Baroda.

Brokers said the market mood was clearly choppy with participants indulging in portfolio churning ahead of the monthly derivative contract expiry.

To enhance its capital base, state-owned Punjab National Bank said that it has sought fund support of Rs 1,500 crore from the government.

Punjab National Bank (PNB) has posted a 2.4 per cent rise in net profit to Rs 1,275.32 crore for the first quarter ended June 30.

Led by YES Bank, shares of the banking sector took a major beating at the Dalal Street with bankex index falling by 4.6 per cent today due to additional liquidity tightening steps taken by RBI to check rupee slide.

Punjab National Bank reported a 20.6 per cent decline in net profit for the quarter ended March 31, 2013, at Rs 1,130.8 crore.

The consortium of 17 banks, led by SBI, has an outstanding of over Rs 7,000 crore from the carrier.

Two state owned lender Punjab National Bank (PNB) and Bank of India (BoI) says they have received capital infusion of over Rs 2,050 crore, following the allotment of preferential shares to the government.

State-owned Punjab National Bank on Friday raised interest rates on fixed deposits of select maturities by up to 1.25 per cent.

Oriental Bank of Commerce has announced a cut of 0.15 per cent in its base rate, or minimum lending rate, to 10.25 per cent with effect from February 25.

Sharp rise in non-performing assets (NPAs) pulled down the net profit of Punjab National Bank by 11.6 per cent to Rs 1,065.58 crore in the second quarter ending September 30.

The 30-share BSE Sensex, which gained 49 points in the previous session, fell 133.29 points, or 0.71 per cent, at 18,625.34 led by stocks of consumer durables, FMCG and banks.

July 2012 has been quite range-bound and with very little action other than in the first fortnight, when we touched a high of 5,350 on the Nifty. The market is in a make-or-break situation.

The transaction was part of the British banking major's global strategy to divest stakes in banks and other companies in which it holds stake.

Total income of Punjab National Bank stood at Rs 10,955.73 crore during the Jan-March quarter, up 27.6 per cent.

SBI, the country's biggest lender, gained 3.76 per cent while ICICI Bank was up 3.13 per cent on the BSE.

The finance ministry will be infusing Rs 18,000 crore in the current fiscal in 12 banks, including SBI, and will be seeking supplementary grants from Parliament in the Budget session.