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Tag Archives: PNB

PNB observed #RashtriyaEktaDiwas

PNB

PNB observed #RashtriyaEktaDiwas  to commemorate the birth anniversary of #SardarVallabhbhaiPatel. To honor his vision of a unified India, a “Pledge” & “Run for Unity” was organized at PNB Head Office, Dwarka, New Delhi,… Read More

NTPC & PNB execute 1st PSU TReDS transaction on M1xchange

NTPC & PNB

In a significant development, M1xchange, one of the foremost exchanges dealing in Trade Receivables Discounting System(TReDS), has started transacting with NTPC limited, a Maharatna CPSU. The digital platform of M1xchange came into being in April last year to serve micro, small and medium enterprises (MSMEs), which usually struggle to stay afloat… Read More

PNB increases interest rates on domestic term deposits

Punjab National Bank

PNB has increased interest rates on Domestic Bulk term deposits w.e.f. 01.02.2018  as under:-

  • In the maturity bucket of 7 – 14 days,15 – 29 days and 30 – 45 days from 4.80% to 5.25%.
  • In the maturity bucket of 46 – 90 days and 91 – 179 days, from 4.90% to 6.25%.
  • In the maturity bucket of 180 – 270 days and 271 days – <1 year, from 5.00% to 6.25%.
  • In the maturity
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12 PSU banks firming plans to raise funds from markets

Bank of India

As many as 12 public sector banks including PNB, Bank of India and Indian Bank have lined up plans for raising funds from markets to shore up their capital base to meet global risk norm, Basel III. About 6-7 lenders including Andhra Bank expect to close their capital raising plan by the end of the current fiscal.

The remaining would raise funds through follow on … Read More

OROP Arrear payments initiated in Record Time

The Government of India which accords utmost importance to the welfare of Ex-Servicemen, has kept its promise with regard to the historic decision taken on 05 September 2015 to implement the more than four decades old demand of Ex-Servicemen for One Rank One Pension (OROP), by ensuring that payments have begun to the concerned in record time.

Orders had been… Read More

PNB COMES TO THE RESCUE OF FLOOD AFFECTED VICTIMS IN CHENNAI

Punjab National Bank

Punjab National Bank, in order to extend a helping hand to the flood affected victims of Chennai, has  ensured that  their branches and ATMs which were stalled due to water logging were brought back to normalcy  and work  resumed immediately.  Now all  their 81 branches and  82  ATMs are  fully operational. From 2.12.2015 to 7.12.2015, six days… Read More

Special Bank Arrangement for payment of outstanding fertilizer subsidy for 2014-15

The Cabinet Committee on Economic Affairs chaired by the Prime Minister Shri Narendra Modi, today has given its ex-post facto approval for a Special Banking Arrangement (SBA) for a loan of Rs.7000 crore with the consortium of Public Sector Banks led by State Bank of India (SBI) and Punjab National Bank (PNB) for settlement of outstanding indigenous urea subsidy… Read More