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Punjab National Bank to raise Rs 3,200 crore from share sale in current quarter


Punjab National Bank to raise Rs 3,200 crore from share sale in current quarter
The state-owned bank has raised Rs 3,788.04 crore from QIP in December after which the government s stake in it dropped from 85.59 per cent to 76.87 per cent
BusinessToday.In | February 6, 2021 | Updated 15:53 IST
PNB had taken permission to raise Rs 14,000 crore through a mix of debt and equity
Punjab National Bank (PNB) on Saturday, February 6, said it is planning to raise Rs 3,200 crore from share sale during the current quarter to widen its capital base.
The state-owned bank has raised Rs 3,788.04 crore from QIP (qualified institutional placement) in December after which the government s stake in it dropped from 85.59 per cent to 76.87 per cent. ....

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PNB Q3 results: Net profit declines 18% to Rs 506 cr; NII falls marginally to Rs 8,313 cr


›PNB Q3 results: Net profit declines 18% to Rs 506 cr; NII falls marginally to Rs 8,313 cr
PNB Q3 results: Net profit declines 18% to Rs 506 cr; NII falls marginally to Rs 8,313 cr
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PNB Q3 results: Net profit declines 18% to Rs 506 cr; NII falls marginally to Rs 8,313 crETMarkets.com
Last Updated: Feb 05, 2021, 07:04 PM IST
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Synopsis
​The lender’s net interest income also fell little over 1 per cent on year to Rs 8,313 crore in the reported quarter.
The bank’s net NPA ratio was at 4.03 per cent as compared to 4.75 per cent in the previous quarter.
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MUMBAI:
Punjab National Bank today reported a 18.5 per cent year-on-year decline in its net profit to Rs 506 crore for the quarter ended December. ....

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