Government-owned Punjab National Bank (PNB) on Saturday reported a 159 per cent surge in its net profit to Rs 3,252 crore for the April-June quarter of 2024.25 compared to the corresponding figure of Rs 1,255 crore in the same quarter of 2023-24.
According to police officials, the police teams investigating the crime succeeded in zeroing in on the suspect within 12 hours of the robbery by following the footage available from various CCTV cameras.
On a sequential basis, the state-run lender's net profit jumped by 35.4 per cent compared to the Oct-Dec quarter
Police reached the spot on information and rushed the injured cashier Narendra Singh Shekhawat to a private hospital.
The agreement was signed at IREDA's registered office, which paves the way for joint efforts in co-lending and loan syndication for a diverse spectrum of renewable energy projects.
From April 1, 10 public sector banks will be merged into 4.
All customers, including depositors of amalgamating banks, will automatically be transferred to the principal bank under the merger process, the RBI said.
Prabhakar joined PNB on March 1, 2018 and holds a Master's Degree in Agriculture and a Certified Associate of Indian Institute of Bankers (CAIIB).
On Wednesday Moody' Investors Service updated its outlook on the PNB to positive from stable.
The bank has received a communication from the Ministry of Finance that the Alternative Mechanism (AM), after consultation with Reserve Bank of India (RBI), has decided that Punjab National Bank, Oriental Bank of Commerce (OBC) and United Bank of India may consider amalgamation, it said in a regulatory filing.
