Latest Updates Around The World
Shares of Punjab National Bank (PNB) are expected to remain in focus during Muhurat Trading after the state-run lender said it will take an estimated hit of Rs 9,000 crore if it moves to the Reserve Bank of India’s new expected credit loss (ECL) framework by 2031. The disclosure makes PNB one of the first […]
Brady House Branch of Punjab National Bank in Mumbai | Photo credit: FRANCIS MASCARENHAS Punjab National Bank (PNB) will face an impact of an estimated 90 billion rupees ($1.03 billion) if the lender moves to a central bank-imposed credit loss framework by 2031, its CEO said on Monday. The country’s third-largest state-owned lender by market […]
