Page 2 - Kumar Goel News Today

RBI Deputy Governor T Rabi Sankar emphasised the importance of the banking sector and its stakeholders being vigilant about legal and cyber risks, as well as addressing skill gaps arising from Artificial Intelligence (AI). Speaking at the 19th Annual Banking Technology Conference organized by the Indian Banks Association (IBA) in Mumbai, he urged banks to prioritize customer convenience and tailor their services accordingly.

PNB CEO Atul Kumar Goel discusses the banks improved financial performance. The bank has achieved a net profit of Rs 5,000 crore in the first nine months, with a target of Rs 7,500 crore for the whole year. The decline in slippages and improvement in asset quality have contributed to the banks success. NIMs have also improved due to the recovery in gross and net NPAs. PNB has been successful in raising deposits, with a good CASA ratio, and aims to achieve a 1% ROA by 2024-2025.

Going by revised guidance, the fourth quarter profit would be upwards of Rs 2,000 crore as well. In the third quarter ended December 2023, the bank earned a profit of Rs 2,223 crore, registering an over 253 per cent jump over the same quarter a year ago.

The board of directors, during a meeting on Thursday, approved the proposal to raise equity capital in one or more tranches during 2024-25 through qualified institutional placement (QIP) or follow-on public offering (FPO) or any other permitted mode or a combination

Observing that to be the head of legal education the person should have "minimum prescribed qualification in Law" as per UGC Regulations, The Punjab & Haryana High Court has set aside the order of the...

An interesting trend among superstar investors is their preference for companies with low or no debt, according to an analysis by Trendlyne.For instance, Vijay Kedia’s top three holdings, Atul Auto, Tejas Network, and Elecon Engineering, ...

Bank’s net interest income grew about 20 per cent to Rs 9,923 crore during second quarter, while operating profit grew 12 per cent to Rs 6,216 crore

PNB has put in the condition that a single mobile number cannot be put in more than five accounts, said MD and CEO Atul Kumar Goel. On the Nirav Modi case, he said the bank has so far recovered Rs 100 crore.

PNB shares moved in an upward trajectory on October 27 morning after the state-owned lender delivered a strong set of numbers

Public sector lender Punjab National Bank (PNB) today reported a 327 per cent jump in net profit to Rs 1,756.13 crore in the September quarter - the highest in the previous 14 quarters - on the back of higher interest income and improved credit quality.