Punjab National Bank (PNB) has secured $419 million in FCNR(B) deposits, aiming to achieve its ambitious $2.5 billion target by September 30 despite global yield challenges.

PNB Q1 Results: Sequentially, however, net profit rose marginally by a little over 0.5% QoQ from Rs 5,225 crore reported in the preceding three months.

Punjab National Bank is seeking a partner for its merger and acquisition financing portfolio. The bank aims to gather $2.5 billion in special FCNR(B) deposits and has already…

Punjab National Bank aims for 7% net interest income growth and $2.5 billion FCNR(B) deposits by 2026.

NRI participation in FCNR(B) deposits is cautious, but banks remain hopeful for increased inflows by September-end.

NEW DELHI: State-run Punjab National bank, the second largest public sector lender, is targeting a mop up of $2.5 billion from Foreign Currency Non-Resident Bank deposits and has…