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
09th Feb 17 PNB plans to sell its stake in PNB housing finance and PNB Gilts
Punjab National Bank is planning to sell its stake in PNB Housing Finance and PNB Gilts in FY18. The bank expects to increase its capital base via selling. PNB holds stake in various entities such as UTI, PNB Housing Finance and PNB Gilts.
08th Feb 17 PNB registers a four times growth in its net profit in third quarter of FY17
Punjab National Bank has reported a four times growth in its net profit at Rs. 207 crores during third quarter of FY17 as compared to Rs. 51 crores for the corresponding period a year ago. Provisions for bad loans of the bank have reduced by 22 percent to Rs. 2,936 crore during the quarter on a year on year basis.
23rd Jan 17 PNB launches contactless credit card PNB Wave N Pay
Punjab National Bank has launched a contactless credit card named PNB Wave N Pay. Customers can make the transactions by waving the card across the terminal without entering their PIN number. The card has been launched at Visa Platinum Platform and will permit the transactions up to Rs. 2, 000.
21st Jan 17 PNB to offer technology platform for pilot launch of India Post Payments Bank (IPPB)
Punjab National Bank will provide a technology platform to a new bank India Post Payments Bank (IPPB) for its pilot launch. IPPB received the certificate of incorporation to set up a new bank from registrar of companies last year. The bank will be headquartered in New Delhi and plans to launch 650 branches across the city during the year.
02nd Jan 17 PNB reduces MCLR by 70 basis points
Punjab National Bank has reduced its overnight and three month marginal cost of lending rates by 70 basis points to 8.20 and 8.25 percent as compared to 8.90 and 8.95 percent earlier. The revised MCLR for six months and one year now stands at 8.40 and 8.45 percent respectively. Similarly, five year MCLR has reduced to 8.75 percent as compared to 9.45 percent earlier. The rates are effective from 1st January, 2017.
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