Punjab National Bank to divest stake in Canara HSBC OBC Life Insurance
Punjab National Bank (PNB) will divest its stake in Canara HSBC OBC Life Insurance Co, the lender said.PNB had acquired Read more
PUNJAB NATIONAL BANK
LIC will continue to hold on to its stake in Punjab National bank
Life Insurance Corporation of India (LIC), one of the largest institutional investor in PNB with 13.93% stake will continue to Read more
LIC cuts stake in 27 Nifty firms; sells shares worth Rs 8000 cr
State-run insurance giant LIC has lowered its holdings in as many as 27 of the 50 blue-chip firms forming the market benchmark index Nifty, while selling shares worth an estimated Rs 8,000 crore. Read more
Central Bank, BoI cut base rates
Central Bank of India and Bank of India recently slashed their base rate by 25 basis points each. Read more
IBFA awards the best in banking, insurance cos
To honour the best banks and financial institutions, CNBC-TV18 organised the annual IBFA Awards and an eminent jury picked out the winners from across public and private sector banks. The best insurance companies were also honoured. The award for the best public sector bank this year is shared between Bank of Baroda and Punjab National Bank. Read more
MetLife finally gets the approval to transfer shares to Punjab National Bank
MetLife India Insurance Company has got the approval from the Insurance Regulatory and Development Authority (IRDA) to transfer 30 percent shares to Punjab National Bank (PNB). Read more