Tag
Punjab National Bank
8 articles
Punjab National Bank's recent financial performance demonstrated resilience, with a 14.4% year-over-year increase in net profit to INR5,225 crores in Q4 FY26, driven by a 12.7% rise in advances and improved asset quality. Management anticipates continued growth in FY27, targeting 12-13% credit growth and a global net interest margin of 2.6-2.7%, while proactively addressing regulatory changes. Concurrently, the bank is navigating multiple insolvency proceedings against various debtors, with several National Company Law Tribunal (NCLT) hearings adjourned or cases undergoing review, highlighting ongoing challenges in recovering legacy assets and impacting the bank's overall financial health.
NCLAT Adjourns PNB vs Prakash Asphaltings Appeals
NCLAT Principal Bench adjourns three interconnected insolvency appeals between Punjab National Bank and Prakash Asphaltings.
Matters involve Oriental Bank of Commerce (now merged with PNB) as both app
PNB Insolvency Application Against SVOGL Under IBC
Punjab National Bank filed an insolvency application under Section 7 of IBC 2016 against SVOGL Oil Gas and Energy Limited.
NCLT issued notice questioning application maintainability due to company's l
NCLT Lists Punjab National Bank Bansal Diamonds Liquidation
NCLT lists new interlocutory application IA-15/2026 for hearing on 25 May 2026 alongside existing IA-2023/2026.
Punjab National Bank is the petitioner against corporate debtor Bansal Diamonds Pvt Ltd
NCLT Grants Master India Brewing 7-Day Reply Extension
NCLT Guwahati hears Punjab National Bank's insolvency petition against Master India Brewing under IBC Section 7.
Tribunal grants respondent 7 days to file counter affidavit with right forfeiture claus
NCLAT Grants Punjab National Bank Appeals Extension
NCLAT grants two-week extension to respondent for filing reply in Punjab National Bank appeal.
Appellant permitted to file rejoinders in all appeals within two weeks from order date.
Registry directed
Krishna Traders Withdraws Interlocutory Application vs PNB
The Supreme Court heard Krishna Traders’ petition for an extension of time to vacate premises against Punjab National Bank.
Petitioner’s counsel, Mr. Keshav Thakur, requested permission to withdraw In
Neogem India FY26 Auditor Adverse Opinion
Neogem India's auditors issued an adverse opinion due to material uncertainty over its going concern status and inability to repay liabilities.
The company reported a net loss of ₹20.86 lakh for FY26
NCLT Guwahati Notes Virgo Cements Resolution Plan Status
NCLT Guwahati Bench acknowledges updated status report on Virgo Cements Ltd.'s resolution plan implementation.
Interim Application filed by the Chairman of the Insolvency Management Committee is taken