Punjab National Bank

PNB will streamline the NPAs after merger, Said CEO

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State-owned Punjab National Bank (PNB) is looking to recalibrate its non-performing loan classification and branch network following its merger with United Bank of India (UBI) and Oriental Bank of Commerce (OBC), said PNB managing director and chief executive officer S.S. Mallikarjuna Rao. Rao said the Reserve Bank of India asked it to harmonise the bad … Read more PNB will streamline the NPAs after merger, Said CEO

RBI increased the Withdrawal Limit for the PMC Customers

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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

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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