Home Tags PNB

Tag: PNB

Punjab National Bank reduces MCLR by 10bps

The public sector bank, Punjab National Bank (PNB), announced on Wednesday that it has decreased the Marginal Cost of funds based Lending Rate (MCLR) by 10 bps (basis points) for...

Punjab National Bank launches new card in time for Kumbh Mela...

Punjab National Bank (PNB) has recently launched a new card in time for Kumbh Mela 2019. Punjab National Bank announced in a recent statement...

Punjab National Bank and other PSBs to get capital infusion of...

The government is likely to provide capital infusion of around Rs.8,000 crore to about six PSBs that have fallen short of capital requirements. The...

LIC Board gives go-ahead to proposal to purchase stake in IDBI

The much-spoken about deal involving LIC and IDBI got a push on Monday, with the board of LIC approving the proposal to purchase a...

SBI to shut down 9 international offices

India’s largest lender, State Bank of India will shut down 9 of its international branches as part of its rationalisation scheme. Mr. Praveen Kumar...

Punjab National Bank aims to recover bad loans amounting to Rs.20,000...

While most assumed that Punjab National Bank (PNB) would be put under prompt corrective action (PCA) by the Reserve Bank of India for their...

Punjab National Bank not to be put under PCA by the...

Despite Punjab National Bank posting the highest loss by a domestic bank in the country at the end of Q4 (January to March, 2018),...

Loans to become more expensive as lenders raise their interest rates

As banks raise their loan interest rates, car loans, personal loans and home loans will cost more. On Thursday, loan rates were raised by...

PNB Scam: Shares of public sector banks take a hit

Following the recent Punjab National Bank scam, shares of public sector banks (PSBs) have taken a hit, with shares of 11 PSBs at their...

Banking stocks went down before the release of RBI’s monetary policy...

Stocks of most of the public sector as well as private sector banks were reportedly trading low in the first half of Wednesday, before...