Punjab National Bank to sell stake in housing finance firm, other units

Cyber criminals tried to steal passwords of corporate and individual customers of punjab national bank (PNB) last week, global cyber security firm Websense said. california-based websense, which provides protection against cyber attacks and data theft, said it was.

PNB Housing Finance, a subsidiary of Punjab National Bank, is mulling a proposal to raise up to Rs 8,000 crore in one or more tranches by issuing debt securities. The decision will be taken at the.

These financial investments, estimated to be worth over Rs 1,200 crore (Rs 12 billion), include purchase of shares of six banks – three each from the public and private sectors -and one housing.

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New Delhi, March 29 : State-run Punjab National Bank (PNB) on Friday said it will sell part of its stake in pnb housing finance (pnbhfl) to global equity firms General Atlantic Group and Varde.

The sale of Punjab National Bank’s 13 per cent stake in PNB Housing Finance is credit positive as it will strengthen the bank’s capital, Moody’s said Monday. Last month state-run punjab National Bank announced that it will sell 13 per cent stake in PNB Housing Finance for Rs 1,850 crore (USD 270 million) to global private equity firm General Atlantic Group and alternative investment firm varde Partners.

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MUMBAI: General Atlantic Partners (GA) and Varde Partners have emerged the frontrunners to pick up a 22% stake in PNB Housing Finance from Punjab National Bank for around Rs 3,500 crore in one of the most closely fought auctions for a mortgage firm, said three people aware of the development.

PNB has partnered with the Uttar Pradesh government to create a model for digitization at this edition of Kumbh Mela, PNB said in a statement issued on Sunday. Image source: Reuters Stocks in Focus on.

New Delhi, March 29 State-run Punjab National Bank (PNB) on Friday said it will sell part of its stake in PNB Housing Finance (PNBHFL) to global equity firms General Atlantic Group and Varde.

Carlyle seeks to double its holding in PNB Housing Finance. The US private-equity firm is considering buying Punjab National Bank’s shares in PNB Housing, which would give it a controlling stake.

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