Page 9 - Kumar Goel News Today : Breaking News, Live Updates & Top Stories | Vimarsana

IPO Update: Vinsys IT Services India Ltd, Oriana Power Ltd will be listed on the NSE's Emerge platform following the public offer

PNB has a sanctioned corporate loan amount of Rs 1 trilion to be disbursed later, according to CEO Atul Kumar Goel, who attributes the rate as a "price war". Despite achieving loan growth of over 14% in Q1, the bank will maintain guidance of 12-13% because some loans are "short-term in nature". PNB has refocused on retail, agriculture, MSME and defence, maintaining a 40% growth in retail loans.

Punjab National Bank (PNB) CEO Atul Kumar Goel has revealed that the bank plans to recover Rs 50-100 crore from bank accounts associated with Nirav Modi, who siphoned off Rs 14,000 crore from PNB in connivance with some bank officials. Earlier, PNB unearthed that Modi and companies associated with him colluded with some of its officers and had fraudulently acquired guarantees worth Rs 11,400 crore to obtain loans from the overseas branches of Indian claiming to need the cash to import pearls.

State-owned Punjab National Bank (PNB) on Wednesday posted a four-fold surge in standalone net profit at Rs 1,255 crore in the April-June quarter, mainly due to decline in bad loans and improvement in interest income.

Solar Energy: The challenge to provide 'Universal Energy Access' cuts across other global energy transition issues and, hence, there was need to make rapid strides towards providing reliable, sustainable and affordable energy access to all or else progress in others areas would get hampered, he said.