India Business News: State-owned Punjab National Bank (PNB) on Friday posted a standalone profit of Rs 586.33 crore for the fourth quarter ended March, aided by good incre
Results: Punjab National Bank posts Rs 586 crore profit in Q4 freepressjournal.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from freepressjournal.in Daily Mail and Mail on Sunday newspapers.
State-owned Punjab National Bank (PNB) posted a standalone net profit of Rs 568 crore in the fourth quarter of FY21. Sequentially, the net profit has increased 16 per cent from Rs 506 core posted in the October-December quarter. In the same quarter last year, the Delhi-based lender had reported a loss of Rs 697 crore on a standalone basis. However, the year-on-year numbers are not comparable as Oriental Bank of Commerce and United Bank of India merged into PNB from April 1, 2020. For the complete financial year, the bank reported a net profit of Rs 2,021 crore. The net interest income (NII) for the public sector bank jumped over 48 per cent to Rs 6,937 crore on a standalone basis. NII is the difference between interest earned by a bank through lending and interest paid to depositors.
Punjab National Bank raises Rs 1,800cr via QIP The state-owned bank sold 53 crore shares on a private placement basis to investors such as LIC and Societe Generale
State-owned Punjab National Bank on Saturday said it has raised Rs 1,800 crore by selling 53 crore shares on a private placement basis to investors such as LIC and Societe Generale.
Eligible qualified institutional buyers (QIBs) were given the share at an issue price of Rs 33.75 per unit, aggregating to Rs 1,799.99 crore, PNB said in a regulatory filing.
The qualified institutional placement (QIP) closed on Friday with the bank fixing the issue price at a 5 per cent discount to the floor price of Rs 35.51 per unit.
The News Scroll 15 May 2021
Last Updated at 9:48 pm | Source: PTI
PNB raises Rs 1,800 cr via QIP; offers shares at 33.75 per unit Outlook May 15, 2021 21:48 IST PNB raises Rs 1,800 cr via QIP; offers shares at 33.75 per unit outlookindia.com 1970-01-01T05:30:00+0530
New Delhi, May 15 (PTI) State-owned Punjab National Bank on Saturday said it has raised Rs 1,800 crore by selling 53 crore shares on a private placement basis to investors like LIC and Societe Generale.
Eligible Qualified Institutional Buyers (QIBs) were given the share at an issue price of Rs 33.75 per unit aggregating to Rs 1,799.99 crore, PNB said in a regulatory filing.
The qualified institutional placement (QIP) closed on Friday with the bank fixing issue price at a 5 per cent discount to the floor price of Rs 35.51 per unit.