RBI increased the Withdrawal Limit for the PMC Customers

For the relief of the crisis-hit Punjab & Maharashtra Cooperative (PMC) Bank customers, the Reserve Bank of India has now increased withdrawal limit from Rs 1,000 to Rs 10,000. “Other terms and conditions of the said Directive shall remain unchanged. With the above relaxation, more than 60% of the depositors of the Bank will be … Read more RBI increased the Withdrawal Limit for the PMC Customers

Allahabad Bank and PNB linked their loan products with Repo rate

Allahabad Bank and Punjab National Bank took a major step which would be a relieve for the customers. The banks have announced that they would link their loan products with the repo rate of the Reserve bank of India. On tuesday, Punjab National Bank launched PNB advantage which is a lending scheme of the bank … Read more Allahabad Bank and PNB linked their loan products with Repo rate