PNB is a Public Sector Bank in India with 6,559 branches, 8,348 ATM's and 68,290 employees across the country.
PNB's registered office is located at 7, Bhikhaiji Cama Place, New Delhi-110607.
For the year ended 31st Mar 15, the bank reported Net Interest Income of Rs. 16,556 crs. and Standalone net profit of Rs. 3,062 crs. PNB reported total deposits of Rs. 501,379 crs and total advances of Rs. 380,534 crs.
PNB's management is led by its CEO Ms. Usha Ananthasubramanian.
Highest fixed deposit interest offered by PNB is 7.30% per annum on deposits.
Its current Base Rate is 9.60%, which was last revised on 01st Oct 15.
27th Oct 16 Punjab National Bank reduces lending rates by 0.05 percent from November 1st, 2016
Punjab National bank has reduced their Marginal Cost Lending Rates (MCLR) by 0.05 percent. The one year MCLR has reduced to 9.25 percent. The three and five year MCLR has reduced to 9.40 percent and 9.55 percent. Similarly, the overnight and three months MCLR has reduced to 9 percent and 9.15 percent. These rates will be effective from 1st November, 2016.
11th Oct 16 PNB makes home, auto loans attractive for government staff
PNB has launched a new scheme named PNB Pride for government employees. Under this scheme, the bank will offer home loans at an interest rate of 9.3 to 9.8 per cent and auto loans at 9.55 per cent effective from October 1, 2016. PNB will also offer loans without any processing fee and documentation charges.
01st Oct 16 PNB revises lending rates
Punjab National Bank has revised its Marginal Cost based Lending Rates by 5 basis points effective from October 1. The overnight, 1 month, 3 month, 6 month, 1 year, 3 year, 5 year MCLR has reduced by 5 bps to 9.05, 9.10, 9.20, 9.25, 9.30, 9.45, 9.60 percent. For borrowers who have taken a home loan from PNB after 1st April 2016, the reduction in MCLR will translate into a reduction in their home loan rates and hence their interest outgo.
17th Sep 16 Haryana Government to provide housing, vehicle loan at cheaper rates in collaboration with PNB
Haryana Government has announced that its state employees will be able to avail home loan, vehicle loan and personal loan at interest rate of 8.1 percent through the Punjab National Bank (PNB).
The difference between the agreed rate of the bank and the interest rate charged by the Government on various loans will be born by the government.
The bank will open an premier branch either in Chandigarh or Panchkula for the purpose of providing these loans to the employees at the earliest.
04th Sep 16 PNB current a/c holders to pay more for not having minimum balance - 04 Sept
Punjab National Bank will charge fine from October on current general account and PNB Smart Banking current account holders for not upholding the quarterly average balance as per the revised tariff. The charges for PNB Smart Banking silver account holders (QAB - Rs 1 lakh) hiked to Rs 500 per quarter. For gold account holders (QAB - Rs 2 lakh), the charges increased to Rs 1,000 and diamond account holders (QAB - Rs 5 lakh) will have to pay Rs 2,000 if their balance fall below Rs 5 lakh. Platinum account holders will have to pay Rs 4,000 if they fail to maintain Rs 10 lakh balance per quarter. For current general accounts, the bank has raised the initial deposit requirement as well as QAB for rural, semi urban and urban sectors.