Page-3 of Punjab National Bank Current Affairs, GK & News

Public Sector Banks in India

Public Sector Banks in India refers to those banks in which the Government equity / shareholding is more than 50%. At present, there are 22 Public Sector Banks in India of which 21 are scheduled commercial banks while one viz. India Post Payment Bank is a payment bank. These along with their current government equity ..

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Sunil Mehta elected as new chairman of Indian Banks Association

Sunil Mehta, the MD &chief executive of Punjab National Bank (PNB), has been elected as the new chairman of the Indian Banks Association (IBA) for 2018-19. Apart from him, Dinabandhu Mohapatra, MD & CEO of Bank of India (BoI), has been elected as IBA’s Deputy Chairman. The IBA is a representative body of management of ..

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Government to infuse Rs 11,336 crore capital in 5 public sector banks by September-end

Union Finance Ministry is planning to infuse additional capital close to Rs 11,336 crore in 5 more public sector banks (PSBs) by September 2018-end. These five state-owned banks are Punjab National Bank (PNB), Corporation Bank, Andhra Bank, Allahabad Bank and Indian Overseas Bank (IOB). Key Facts This round of capital infusion will be done through ..

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PNB ties up with NSFDC for assisting SC families

The Punjab National Bank (PNB) and National Scheduled Castes Finance and Development Corporation (NSFDC) have tied up to provide financial assistance for economic empowerment of persons belonging to Scheduled Caste (SC) families living below Double Poverty Line (DPL). Under this tie-up, PNB would act as a channelising agent for the loan schemes of NSFDC. Concessional ..

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EEPC India signs pact with PNB for export finance

The Engineering Export Promotion Council (EEPC) of India has signed a memorandum of understanding (MoU) with Punjab National Bank (PNB) to provide easy access to export finance for SMEs and merchant exporters of the council. The PNB will provide finance with assurance that loans up to Rs 10 crore would be provided within six to ..

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