Government bank. Good choice for north Indians. Bank staff very cooperative. Rate of interest was also good. But they are slow and take a lot of time in processing. I got a loan only a day before my payment and I started talking to them around 2 months before thatMoreLess
01st Dec 16 Punjab National Bank reduces its MCLR up to 10 bps
Punjab National Bank has reduced its overnight and six months marginal cost of lending rates to 8.90 and 9.10 percent from 9 and 9.20 percent earlier. Minimum MCLR rates for one year and five year tenure are also reduced by 10 basis points to 9.15 and 9.45 percent from 9.25 and 9.50 percent respectively. New rates are effective from 1st December, 2016.
11th Nov 16 PNB to calibrate their 10,000 ATMs by the end of the month to disburse new notes
Punjab National Bank plans to adjust their 10,000 ATM machines to disburse new currency notes of Rs. 500 and Rs. 2,000 by the end of the month. The step is taken after Prime Minister announced the demonetization of Rs. 500 and Rs. 1,000 notes to remove black money from the economy.
07th Nov 16 PNB net profit falls by 11.5 percent in July to September quarter, bad loan rises
Punjab National Bank reported a decline in its net profit by 11.5 percent in July to September quarter due to rise in bad loans. The net profit fell to Rs. 549.36 crores as compared to Rs. 621.03 crores in same quarter of last year. Provision for bad loans increased by 34.6 percent to Rs. 2,534 crores from Rs. 1,882 crores in same period last year.
03rd Nov 16 Punjab National Bank organizes Grahak Sammelan in Bhopal
Punjab National Bank organized Grahak Sammelan programme under its vigilance awareness week. The awareness week is being held from 31st October, 2016 to 5th November, 2016 and aims at promote honesty and eliminate corruption by public support.
02nd Nov 16 Punjab National Bank cuts lending rates from 1st November, 2016
PNB has reduced its marginal cost based lending rates (MCLR) by 0.05 percent. The overnight and three months MCLR is reduced to 9 percent and 9.15 percent. The one year and three years MCLR is reduced to 9.25 percent and 9.40 percent. The five year MCLR is reduced to 9.55 percent respectively. The revised rates will be effective from 1st November, 2016.
*My Finance Care Advisors Pvt. Ltd., or https://www.myloancare.in is a bank neutral multi bank platform that helps borrowers and bank customers compare loans and deposits of all banks in India at one place. Information carried at this website is based on perusal of public sources and should not be construed as an offer or solicitation or invitation to borrow or lend. The Company does not assure as to the correctness of information carried at the website. Lenders/ banks/ other parties may contact us at firstname.lastname@example.org to provide corrections or updates. We may act as and/ or be associated with channel partners of banks and other sellers of financial products.