All stakeholders, including industry, government, investors, institutions, and communities, need to work together to build infrastructure that is not only functional but also resilient, inclusive, and sustainable, opines YR Nagaraja. In India, infrastructure is more than just roads, bridges, and buildings; it’s the foundation of our growth story. It determines how efficiently we live, how...
Tag: Punjab National Bank
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Goyal pledges entire 51% stake in Jet
Jet Airways promoter and Chairman Naresh Goyal has pledged his entire 51 per cent shareholding in the carrier, valued at about Rs 2,600 crore, to State-run Punjab National Bank (PNB).
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India requires a deep market for IDFs to be tradable
I believe that the annual fund requirement of these projects will not go beyond Rs 50,000 crore as this will be done in phases, hence planning should be proposed accordingly.
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Looking East
While political differences may take a while to be ironed out, growing business collaborations between India and China are scripting a mutually benefiting story. China has shown keen interest to finance India´s infrastructure development
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PNB’s total outstanding deposit stands at Rs 4 trillion
KR Kamath, Chairman and Managing Director of Punjab National Bank said the bank's total deposits stood close to Rs 4 lakh crore, while its total credit remained above Rs 3 lakh crore as at end June 2013. He said this while addressing bank officials of Dharamshala circle at the Managers' Meetings.
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Net profit of PNB declines 21%
Net profit of state-owned Punjab National Bank declined almost 21 percent to Rs 1,131 crore during January-March 2013 owing to rise in provisions. The state-run firm witnessed 44 percent rise in provisions on a year-on-year basis to Rs 1,478 crore. Total provisions were inclusive of all components like loans, investment and gratuity
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PNB clears plan to issue preference shares worth Rs 12.5 bn
In a statement filed at Bombay Stock Exchange, Punjab National Bank (PNB) said it approved the issuance of preferential shares worth Rs 1,250 crore to the central government. Accordingly, the state-run bank would issue preference shares with face value of Rs 10 each. The proposed preferential allotment will be subject to necessary appr
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IDFC eyes stake in Gurgaon expressway project
Infrastructure Development Financial Company (IDFC), which is one of the lenders for the Delhi-Gurgaon expressway project, is in the process of picking up stake in the project, reports suggest
The concessionaire of the project-- Delhi-Gurgaon Super Connectivity (DGSCL) --can reduce its share from 100 percent to 26 percent two years after tolling starts and has to report to NHAI in such case, according to an agreement with NHAI.
IDFC is the lead financial institution in a consortium of lenders