Latest news with #PunjabNationalBank
Time of India
a day ago
- Time of India
Student arrested for withdrawing 1.88L from landlady's bank a/cs
Ranchi: Police on Monday arrested a third-year computer science student for fraudulently withdrawing Rs 1.88 lakh from multiple bank accounts of his landlady between June 2 and June 15. Ranchi SP (rural) Praveen Pushkar on Tuesday said that Abhishek Kumar, a native of Vaishali district in Bihar, was arrested in Ranchi. Four mobile phones were seized from him in this connection. He said, "Anima Tigga, a resident of Dugdugia Basti under Pundaag police outpost, lodged a complaint with the cyber police station on June 21 alleging that Rs 1.88 lakh was illegally withdrawn from her accounts in Punjab National Bank (PNB), Union Bank of India, and State Bank of India. Police registered a case and, based on technical inputs, arrested the accused." The SP said that Kumar, a student in a private college in Ranchi, was living on rent at Tigga's house. He said that Kumar often helped Tigga, who is in her 40s, with online transactions and was also aware of her UPI PIN. He said that one day Kumar found her mobile phone unattended and took out her SIM card and started using it. He generated the UPIs of her bank accounts and credit card using the SIM card and transferred the amounts, the SP said. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Top 15 Most Beautiful Women in the World Undo The woman told the police that she was not being able to figure out why her phone wasn't working, but didn't approach anyone then. It is after she realised that such a large sum was withdrawn from her accounts she lodged the complaint. Police said that it is likely that Kumar took the step to meet his expenses, which increased after he became friends with a girl.
Business Standard
2 days ago
- Business
- Business Standard
PNB Housing Q1 PAT jumps 23% YoY to Rs 534 cr on strong home loan demand
PNB Housing Finance's consolidated net profit rose 23.26% to Rs 533.50 crore while total income jumped 13.63% to Rs 2,081.87 crore in Q1 June 2025 over Q1 June 2024. Net interest income (NII) for the period under review was Rs 760 crore, up 17% year on year (YoY). Net Interest Margin stood at 3.74% in Q1 FY26 compared with 3.65% in Q1 FY25. Gross Margin, net of acquisition cost, stood at 4.06% in Q1FY26. In Q1 FY26, operating expenditure grew by 12% YoY to Rs 216 crore. Pre-provision operating profit grew by 17% YoY to Rs 632 crore. With recovery from write-off pool, Credit Cost was -27 bps in Q1 FY26 as against -7 bps in Q1 FY25. Profit before tax in Q1 FY26 stood at Rs 687.92 crore, marking a 24.13% increase from Rs 554.18 crore in Q1 FY25. Yield stood at 9.99% in Q1 FY26, compared to 10.03% in Q1 FY25. Cost of Borrowing is at 7.76% in Q1 FY26 as compared to 7.92% in Q1 FY25. Spread on loans is at 2.23% in Q1 FY26 as compared to 2.11% in Q1 FY25. The Retail disbursement grew by 14% YoY to Rs 4,980 with Affordable segment growth at 30% and Emerging Markets segment growth at 32% in Q1FY26. Loan asset grew by 16%YoY Rs 77,732 crore as on 30 June 2025. Retail loans grew by 18% YoY to Rs 76,923 crore as on 30 June 2025. Within Retail, Affordable Loan Asset grew by 143% YoY to Rs 5,744 crore, Emerging Markets Loan Asset grew by 20% YoY to Rs 22,701 crore and Prime segment grew by 10% YoY to Rs 48,478 crore as on 30 June 2025. Asset under management (AUM) grew by 13% YoY to Rs 82,100 crore as on 30 June 2025. Gross non-performing assets stood at 1.06% as on 30 June 2025 as compared to 1.35% as on 30 June 2024. Net NPA stood at 0.69% as on 30 June 2025. The companys CRAR stood at 29.68% as on 30 June 2025 (of which Tier I capital is 28.96% and Tier II is 0.72%) as compared to 29.50% as on 30 June 2024 (of which Tier I capital was 28.43% and Tier II was 1.07%). The company has 356 branches locations as on 30 June 2025 with 200 branches in Affordable segment, 80 in Emerging Markets segment and 76 in Prime segment. Girish Kousgi, managing director & CEO said: the companys focus on high-yielding business led to 30% YoY disbursement growth in the Affordable and Emerging markets segment during the quarter contributing 50% in the retail disbursement. Our asset quality continues to improve with GNPA of 1.06 % as on June 30, 2025. While maintaining a balance between growth and profitability, our ROA stood at 2.57% annualised for FY 25-26. As we look forward, we are confident of our ability to achieve our stated guidance for the fiscal year. PNB Housing Finance is promoted by Punjab National Bank and is a registered Housing Finance Company with National Housing Bank (NHB). The companys asset base comprises primarily of retail loans and corporate loans. The retail business focusses on organized mass housing segment financing for acquisition or construction of houses. In addition, it also provides loan against properties and loans for purchase & construction of non-residential premises. PNB Housing Finance is a deposit taking Housing Finance Company. The scrip rose 0.68% to currently trade at Rs 1,092.75 on the BSE.
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Business Standard
2 days ago
- Business
- Business Standard
PNB Housing Finance shares rise 3% on posting Q1 numbers; PAT up 23%
PNB Housing Finance shares rose 2.8 per cent, logging an intraday high at ₹1,115.9 per share on BSE. The demand for the stock came after the company posted its Q1FY26 results. At 11:27 AM, PNB Housing Finance share price was trading 0.89 per cent higher at ₹1,095 per share on BSE. In comparison, the BSE Sensex slipped 0.08 per cent at 82,137.87. PNB Housing Q1 results The housing finance company reported its Q1 numbers after market hours on Monday. In the quarter ended June 30, 2025, the company's consolidated net profit stood at ₹534 crore, up 23 per cent, as compared to ₹433 crore a year ago. Its net interest income (NII) for the quarter under review stood at ₹760 crore, up 17 per cent, as against ₹651 crore a year ago. The gross income for the quarter stood at ₹847 crore as compared to ₹735 crore a year ago. Its Gross non-performing asset (NPA) declined by 29 basis points (bps) to 1.06 per cent as on June 30, 2025, as compared to 1.35 per cent a year ago. Recovery from the written-off pool continues with total recovery of ₹57 crore in Q1FY25. Further, retail loan assets grew by 18 per cent year-on-year (Y-o-Y) to ₹76,923 crore as on June 30, 2025. Affordable and Emerging Markets segments formed 37 per cent of the retail loan assets. Retail disbursement grew by 14 per cent Y-o-Y to ₹4,980 crore during Q1FY26. Capital Risk Adequacy Ratio stood at 29.68 per cent as on June 30, 2025; Tier I stood at 28.96 per cent. "As we look forward, we are confident of our ability to achieve our stated guidance for the fiscal year," said Girish Kousgi, managing director & CEO, PNB Housing Finance. About PNB Housing Finance PNB Housing Finance is promoted by Punjab National Bank and is a registered Housing Finance Company with the National Housing Bank (NHB). The company's asset base comprises primarily of retail loans and corporate loans. The retail business focuses on organised mass housing segment financing for the acquisition or construction of houses. In addition, it also provides loans against properties and loans for the purchase and construction of non-residential premises. PNB Housing Finance is a deposit-taking Housing Finance Company.
Time of India
3 days ago
- Time of India
Bokaro man loses 81L in fraud, DC orders probe
1 2 3 Bokaro: A resident was on Monday accused of illegally withdrawing Rs 81 lakh from the bank account of land compensation recipient Madan Prasad in Petarwar block of district. Deputy commissioner (DC) Ajay Nath Jha said, "Accused Ajay Jain alias Pannu allegedly gained the trust of Madan Prasad, who had been working at his residence for years, and deceitfully withdrew money from his account. Prasad was one of the raiyats compensated under the Bharatmala land acquisition project, the district administration said. "Jain reportedly took thumb impressions of Madan on blank cheques and used them to siphon off Rs 81 lakh over nine fraudulent transactions. Bank statements reveal that Rs 9 lakh was withdrawn in cash three times on June 6, June 7, and June 10, 2024 from the Petarwar branch of the Punjab National Bank . Several transactions were also made to the bank accounts of Ajay Jain and his wife," the DC added. Madan's family members and other local rayyats (land owners) protested outside Ajay Jain's house, demanding justice. Calling upon residents to "be aware before giving any signature or thumb impression on financial papers", DC Jha said, "A thorough inquiry has been ordered. The accused will face strict legal action, if found guilty."
The Hindu
7 days ago
- Business
- The Hindu
Punjab Bank organises retail outreach programme, promotes green loans
Punjab National Bank (PNB) executive director D. Surendran on Thursday said that financial institutions such as banks play a key role in creating sustainable infrastructure aligned with the 'Viksit Bharat 2047' vision. Addressing the Monthly Retail Outreach programme organised by PNB's Visakhapatnam Circle Office, Mr. Surendran said, 'Banks are no longer mere intermediaries; they are now enablers of long-term development. Housing loans, for example, generate both assets and social stability.' The event drew participation from stakeholders in real estate, auto-mobile, and renewable energy sectors, in particular. The bank showcased its diverse retail portfolio — including housing, vehicle, mortgage loans, rooftop solar financing, and digital services — through over 20 stalls. CREDAI Visakhapatnam chairman V. Dharmender, who attend the event as the guest of honour, stressed the need for EMI flexibility to support self-employed borrowers. 'The real estate market is stabilising, and innovative banking products can further accelerate recovery,' he said. Loan sanction letters for home and education categories were handed over to eligible customers during the programme.
