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Source: Live Mint Markets regulator Sebi has ordered the attachment of bank accounts and shares and mutual fund holdings of absconding diamantaire Mehul Choksi to recover dues totalling ₹2.1 crore in a case of violation of insider trading rules in the shares of Gitanjali Gems. The latest move followed a demand notice issued to Choksi…
Source: Live Mint Punjab National Bank (PNB) has reduced interest rates on its education loan offering under the Vidyalaxmi Scheme by 20 bps. This initiative further strengthens the bank’s commitment to enhance education accessibility. The Vidyalaxmi Scheme is meant to offer comprehensive financial support i.e., education loan to students towards quality-driven higher education. This initiative…
Source: Live Mint With effect from June 1, 2025, two state lenders – Punjab National Bank and Canara Bank has revised their interest rates on fixed deposits. Punjab National Bank now offers interest in the range of 3.50 percent to 6.90 percent across tenures for deposits lower than ₹3 crore for general citizens. The senior…
Source: Live Mint Punjab National Bank declared a dividend of ₹2.90 per equity share, representing 145% of the face value of ₹2, coinciding with its March quarter results that met market expectations. Read Full Article
Source: Live Mint Punjab National Bank (PNB) has rolled out PNB Nirmaan 2025 scheme which gives 100 percent waiver on processing and documentation charges, the bank announced on Thursday. Launched on April 21, the state lender’s scheme will come to an end on June 20, 2025. The other charges such as NEC/legal/valuation charges are borne…
Source: Live Mint As we are aware that the Reserve Bank of India (RBI) cut the repo rate by 50 basis points. This may continue further in the near future as the rate cut was seen as the onset of rate cut cycle by the banking regulator. Following this, one private bank has already slashed its savings…
Source: Live Mint PNB Q3 Results: Punjab National Bank (PNB) on Friday, January 31 posted strong results for the quarter ended December 2024 (Q3FY25). It reported a standalone net profit of ₹4,508.21 crore in the quarter ended December 2024, recording a substantial growth of 103 percent from ₹2,222.8 crore, in the year-ago quarter. Sequentially, it…
Source: Live Mint Stocks to buy under ₹100: Domestic equity benchmarks Sensex and Nifty 50 snapped their two-day losing streak and settled within the positive territory in the previous session after the Reserve Bank of India (RBI) decided to inject ₹1.5 lakh crore into the financial system. The 30-share Sensex climbed 535.24 points or 0.71…
Source: Live Mint Punjab National Bank (PNB) has revised its interest rates starting Jan 1, 2025. The latest rates now offer interest up to 8.05 per cent per annum. The interest rates range between 6.85 percent to 7.3 for regular citizens. Senior citizens are offered an extra 50 basis points and super senior citizens are…
Source: Live Mint Punjab National Bank (PNB) has revised its fixed deposit (FD) rates and added two new tenures for deposits of less than ₹3 crore. The revised rates and new tenures became effective on January 1, 2025. PNB has added a 303-day tenure with an interest rate of 7 per cent and a 506-day…
