News for Punjab National Bank (PNB.BO)

The Nifty Bank index closed 0.79 per cent down at 56084.9.

The review petition is JSW Steel’s last legal opportunity to retain control of Bhushan Power & Steel Ltd, which it took over through the corporate insolvency resolution process in 2021.

With outstanding bank debt surpassing <span class='webrupee'>₹</span>8,500 crore, MTNL's ability to monetize its properties could alleviate its financial woes, but the defaulting telco's hands are tied.

State-run banks plan to disinvest in their insurance subsidiaries. This follows the Centre's approval of 100% foreign investment in the insurance sector. Banks like State Bank of India, Canara Bank, and Punjab National Bank may pursue IPOs and stake sales. The government is reviewing progress on unlocking value from bank subsidiaries.

The Nifty Bank index was trading 0.27 per cent up at 57106.2.

The Nifty Bank index closed 1.19 per cent up at 56952.75.

IBPS PO 2025 recruitment: Today is the last chance to apply for 5208 vacancies across various banks. From key dates, eligibility to participating banks, all details are provided here.

The government is pushing public sector banks to increase lending to startups, encouraging collaboration with educational institutions and incubation centers. This initiative aims to establish formal banking relationships and provide crucial credit support. Banks are exploring tie-ups with incubators and considering a separate risk profiling framework to facilitate faster loan sanctions for startups, fostering growth within the Indian ecosystem.

The CBI has significantly increased the repatriation of fugitives from abroad, bringing back 134 individuals in the last five years, nearly double the number from the previous decade. Enhanced diplomatic efforts, technological advancements like the Bharatpol portal, and improved coordination with Interpol have expedited extradition processes.

The Nifty Bank index was trading 0.17 per cent down at 57071.55.

State-run Mahanagar Telephone Nigam Ltd (MTNL) has defaulted on the payments of both principal and interest to seven major public sector banks, totalling ₹8,585 crore.

The Nifty Bank index was trading 0.02 per cent up at 57018.5.

India Business News: MTNL, the state-run telecom company, has defaulted on bank loans totaling Rs 8,585 crore from seven public sector banks between August 2024 and Februa

Mahanagar Telephone Nigam Ltd. has defaulted on a staggering Rs 8,584.9 crore as of June 2025 in principal and interest payments to seven public sector banks, according to its latest exchange filing.

MTNL said the defaults span from August 2024 to February 2025. According to the breakdown, the company owes ₹7,794.34 crore in overdue principal and ₹790.59 crore in unpaid interest.

Mahanagar Telephone Nigam Ltd. disclosed on Monday a significant default of Rs 8,584.9 crore in principal and interest payments to seven public sector banks as of June 2025, according to an exchange filing. The affected lenders include Union Bank of India, Punjab National Bank, State Bank of India, UCO Bank, Indian Overseas Bank, Punjab & Sind Bank, and Bank of India. Earlier this month, the government moved to simplify the process of selling MTNL assets to central and state government entities

The Nifty Bank index was trading 0.46 per cent up at 57025.7.

The Nifty Bank index closed 0.02 per cent up at 56765.35.

The Nifty Bank index closed 0.35 per cent down at 56754.7.