With trade ties between India and Pakistan beginning to normalise, state-run Punjab National Bank (PNB) plans to go tracing its roots.

Given that the banking sector is a proxy for India’s economic growth, the fourth quarter performance of India’s second-largest PSU lender, Punjab National Bank, becomes important.

Punjab National Bank (PNB) on Wednesday reported a 18.6 per cent rise in net profit to Rs 1,424 crore for the quarter ended March 31, against Rs 1,201 crore in the fourth quarter of the previous year.

Punjab National Bank has slipped 3% to Rs 759, falling 5% from day’s high, after reporting a single digit 9% year-on-year (y-o-y) growth in net interest income (NII) at Rs 3,310 crore for the quarter ended March 2012. Analyst expected NII of about

The bank had posted a net profit of Rs 1,200.9 crore in the same period last year, PNB said in a statement.

There is some relief for borrowers, as large banks have started reducing their lending rates across the board after a gap of three years.

Country's second largest public sector bank PNB today announced cut in lending rate by 0.25%, a move that will make housing and corporate loans cheaper.

State-owned Punjab National Bank (PNB) has raised Rs 1,589.90 crore by issuing shares to Life Insurance Corporation (LIC) on preferential basis.

State-owned Punjab National Bank (PNB) today said its shareholders have approved raising capital up to Rs 2,875 crore by preferential issue of share to government and LIC.

Punjab National Bank (PNB), the second largest public sector bank in the country, has said it is expecting reduction in statutory liquidity ratio (SLR) in near future as such a measure is necessary to ease pressure on liquidity.

Rating agency Moody’s has affirmed Punjab National Bank (PNB)’s foreign currency long-term issuer rating ‘Baa2’, owing to good recurring earning power, a comfortable capital base and favourable liquidity conditions.

Punjab National Bank (PNB) on Wednesday said it proposed to raise Rs 1,590 crore by selling about 15.8 million shares to LIC.

State-owned Punjab National Bank (PNB) today said it proposed to raise Rs 1,590 crore by selling about 15.8 million shares to LIfe Insurance Corporation of India (LIC).

The Punjab National Bank (PNB), India’s second largest bank, has done a business of Rs 14500 crore till December, 2011, registering a growth year-on-year growth of 24 per cent in Uttarakhand.

Punjab National Bank, the country’s second largest lender, wanted to buy 30 per cent stake in MetLife Insurance for Rs 1, but the deal has run into a regulatory hurdle.

The bank had posted a net profit of Rs 1,089.77 crore for the October-December quarter of the previous financial year.

The bank had posted a net profit of Rs 1,089.77 crore for the October-December quarter of the previous fiscal.

Public sector lender Punjab National Bank (PNB) today said the bank has approved a fund infusion to the tune of 1,285 crore through preferential issue of shares to the government.

Punjab National Bank (PNB) has zeroed on Boston Consulting Group (BCG) to advise on reworking its operating model, human resources (HR) set-up and skill development.

The second-largest public sector lender Punjab National Bank (PNB) today increased interest rates on NRE term deposits ranging one to five year period to 9.25%.