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New Delhi, January 31, 2013
Punjab National Bank (PNB) on Thursday reported 13.5 per cent growth in net profit at Rs 1,306 crore for the third quarter ended December 31, 2012 on account of decrease in provisions and higher recovery.

New Delhi, January 29, 2013
The Reserve Bank on India today cut its key lendingrate by 25 bps, and also lowered the cash reserve requirement for banks.

BT Online Bureau
Mumbai, January 29, 2013
The BSE benchmark Sensex on Tuesday dipped below 20,000 level by losing 112 points on profit-selling by investors triggered by lower economic growth projections by RBI even as it cut lending rates by 0.25 per cent.

Mumbai, January 24, 2013
Wind energy major Suzlon on Thursday said its lenders, comprising 19 banks led by the SBI, have approved its proposal to rejig Rs 9,500 crore of domestic debt, providing a big relief to financially troubled company.

New Delhi, January 16, 2013
Leading bankers on Tuesday met RBI top brass, impressing upon them the need to shift focus of monetary policy to growth and sought reduction in the repo rate and the cash reserve ratio by 0.5 per cent.

New Delhi, January 7, 2013
Bankers on Monday demanded that lock-in period for tax saving deposits be brought down to three years from five years to channelise more funds into the banking sector.

New Delhi, January 4, 2013
Punjab National Bank (PNB) has said it has received all regulatory approvals for acquiring 30 per cent stake in Metlife India Insurance.

New Delhi, January 2, 2013
The government launches its scaled down Cash Transfer Benefit (CBT) in 20 districts, including two in the national capital, with a view to provide cash benefits to needy people.

BT Online Bureau
New Delhi, December 14, 2012
Credit ratings agency Moody's has lowered the rating outlook of Punjab National Bank, Bank of Baroda and Canara Bank from stable to negative on account of rising bad loans.

New Delhi, November 28, 2012
The SBI-led consortium of 20 lenders has agreed to recast Rs 11,000 crore loan of the struggling Suzlon Energy under the corporate debt restructuring (CDR) mechanism, a top company official has said.

Arun Kejriwal
November 26, 2012
With Gurunanak Jayanti falling on Wednesday and November futures expiring on Thursday, not much movement is expected from the stock markets.

G. Seetharaman
November 21, 2012
The 104-year-old public sector lender has, for the second year in a row, emerged India's best bank in the Business Today-KPMG study, ahead of all the seemingly more nimble and market savvy private banks that have sprung up in recent decades.

New Delhi, October 30, 2012
Leading bankers said the 25 bps cut in cash reserve ratio by RBI will not have any significant impact on their cost of funds.

BT Online Bureau
Mumbai, October 30, 2012
Marketmen said investors ignored RBI's move to reduce the cash reserve ratio (CRR) by 0.25 per cent, to infuse additional liquidity that will inject Rs 17,500 crore into the financial system.

New Delhi, October 26, 2012
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.

BT Online Bureau
Mumbai, October 26, 2012
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.

New Delhi, October 11, 2012
The special festival pricing is valid for sanctions till December 31, 2012, it said.

Chennai, October 9, 2012
The Insurance Regulatory Authority of India (Irda) has imposed a penalty of Rs 76 lakh on private life insurer MetLife India Insurance Company for violation of its regulations.

Sanjay Singh
New Delhi, September 6, 2012
Leading public sector banks have pared down retail lending rates on home and auto loans in a move aimed at boosting demand and spur growth.

Mayur Shekhar Jha
New Delhi, September 5, 2012
The finance ministry, in course of internal discussions with banks, has suggested that they themselves are to be blamed for the impending crisis.

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