Tag «Punjab National Bank»

Punjab National Bank ties-up with Religare Health Insurance to offer comprehensive health insurance solutions to its customers

The bank currently services over 100 million customers through a network of around 7000 branches The Bank aims to add impetus to its health insurance services   Chennai, August 3, 2017: Religare Health Insurance announced its Bancassurance tie-up with one of the country’s leading and largest banks – Punjab National Bank. With the bank’s wide evenly …

UTI Equity Fund declares tax-free dividend of 17.50%

UTI Equity Fund declares tax-free dividend of 17.50% (Rs.1.75 per unit on face value of Rs.10). Pursuant to the payment of dividend, the NAVs of the dividend option- existing plan and dividend option-direct plan of the scheme would fall to the extent of payout and statutory levy if any. The record date for the dividend …

Manic Monday! Nifty just afloat 5400 levels

19th August, 2013 : Comments by Amar Ambani, Head of Research, India Infoline   Manic Monday! Nifty just afloat 5400 levels The bear onslaught continued on day two, with the Nifty losing another 93 points led by a weakening rupee. The Nifty barely managed to hold on to the 5,400 mark. The Indian currency weakened to …

Nifty sinks below 6,000 on RBI liquidity scorcher

 24th July, 2013 : Comments by Amar Ambani, Head of Research, India Infoline  Nifty sinks below 6,000 on RBI liquidity scorcher Yet another couple of measures by the Reserve Bank to prop the rupee in less than 10 days left the Indian equity market running for cover on Wednesday. The central bank on Tuesday after …

Terrible Tuesday: Sensex, Nifty suffer collateral damage!

16th July, 2013 : Comments by Amar Ambani, Head of Research, India Infoline    Terrible Tuesday! Sensex, Nifty suffer collateral damage   It was a terrible Tuesday with the stock market witnessing serious collateral damage. The benchmark indices crashed in opening trade after the Reserve Bank on Monday announced measures to tighten rupee liquidity. In …

Falling Re, rising crude sink Nifty below 5800

3rd July, 2013 : Comments by Amar Ambani, Head of Research, India Infoline  Falling Re, rising crude sink Nifty below 5800 The Indian equity market ended in the red, extending its losing streak to the second consecutive day. It started weak and continued that trend with the surfeit of negative news. Any signs of a …

14th May, 2013 : Market ends choppy session on a whimper

The equity market ended Tuesday with marginal gains after Monday’s profit booking. The indices, which opened with a positive gap, managed to build momentum in the first half of the day. However, it slipped from the day’s high after the wholesale inflation data for April trickled in. Market participants seemed to have already factored in …

Appointment of Smt. Archana Bhargava as the Chairperson & Managing Director of the United Bank of India

Shareholders are hereby informed that Government of India has vide its Notification F.No.4/4/2011-BO.I dated April 23, 2013 appointed Smt. Archana Bhargava as Chairperson & Managing Director of the Bank from the date of her taking over the charge i.e. April 23, 2013 till February 28, 2015 i.e. the date of her superannuation or until further order, …