| Date | Title | Description |
| 06.05.2024 | Here's why PFC, REC, PNB, BOB, SBI slipped up to 9% on May 06 | - |
| 29.04.2024 | RBI launches two key surveys to get inputs for upcoming monetary policy | - |
| 29.04.2024 | Cash still king? Rs 1.4 cr is monthly average ATM cash withdrawals in FY24 | - |
| 29.04.2024 | 2,000 ghost customers: How a Rs 150 cr loan fraud unfolded in Mizoram | - |
| 24.04.2024 | DCB Bank Q4 results: Net up 9% at Rs 156 cr, board approves Rs 500 cr QIP | - |
| 24.04.2024 | Electoral bonds: Plea in SC seeks SIT probe into alleged quid pro quo | - |
| 23.04.2024 | Immediate Payment Service: All that's to know about instant funds transfer | - |
| 19.04.2024 | Hindustan Construction's Rs 350 crore rights issue oversubscribed 2.5 times | - |
| 16.04.2024 | Senior citizen deposits total Rs 34 lakh crore, a 150% growth in 5 years | - |
| 14.04.2024 | Banks’ margins to shrink but loan growth, lower credit cost to aid PAT | Banks profitability in seen moderating in Q4 FY24 to around 10 per cent y-o-y, on the back of muted NII (net interest income) growth and further shrinking of margins.
Margins are expected to shrink 3-12 bps on quarter due to increase in ban... |
| 11.04.2024 | Bank of Baroda raises MCLR by 5 bps across four tenors | Bank of Baroda has upped its marginal cost of funding-based lending rate (MCLR) by 5 basis points on four of five tenors.
The revised rates will be effective from April 12. The revised MCLRs are: overnight (8.10 per cent vs 8.05 per cent no... |
| 09.04.2024 | HDFC Bank Misses MSCI Threshold by a Hair's Breadth | HDFC Bank's foreign legroom inches close to the MSCI threshold but falls short by a mere 5 basis points, causing a ripple in the investment world. The potential for further selling this quarter could lead to a weight-up adjustment in the up... |
| 06.04.2024 | PNB reports 11.5 per cent loan growth in Q4, BoB's up 12.4 per cent | State-owned Punjab National Bank (PNB) on Friday said it has posted a credit growth of 11.5 per cent at ₹9.85 lakh crore for the March quarter.
Also read:PNB, EaseMyTrip collaborate to introduce PNB EMT Credit Card
Total advances were ₹8.84... |
| 05.04.2024 | DoT secy launches experimental module for 5G labs, grants 1,500 permits | Telecom Secretary Neeraj Mittal on Friday virtually launched an experimental licence module for 100 5G Labs during a workshop at IIT Madras, an official statement said.
The Department of Telecom (DoT) has granted around 1,500 experimental l... |
| 05.04.2024 | Indian commercial realty expands footprint, continues to defy global odds | Indian commercial real estate is attracting investments from private equity (PE) firms even as the Western markets are witnessing a slowdown.
US-based PE major Blackstone says the Indian market is different from others as local companies he... |
| 05.04.2024 | PNB reports 11.5% loan growth in quarter ending March, BoB's up by 12.4% | State-owned Punjab National Bank (PNB) on Friday said it has posted a credit growth of 11.5 per cent at Rs 9.85 lakh crore for the March quarter.
Total advances were Rs 8.84 lakh crore at the end of March 31, 2023, PNB said in a regulatory ... |
| 05.04.2024 | Tesla scraps low-cost car plans amid Chinese EV competition; Musk denies | Tesla has canceled the long-promised inexpensive car that investors have been counting on to drive its growth into a mass-market automaker, according to three sources familiar with the matter and company messages seen by Reuters.
The automa... |
| 04.04.2024 | HDFC foreign legroom rises but misses index provider MSCI threshold | The investment legroom for foreign portfolio investors (FPIs) in HDFC Bank rose to 24.95 per cent during the quarter ended March 2024. However, it fell short by only 5 basis points (bps) of the threshold required for index provider MSCI to ... |
| 03.04.2024 | Britannia NutriChoice launches health monitoring app | In a bid to deepen engagement with consumers, biscuit brand Britannia NutriChoice has launched the health-tech app NutriPlus.
The app has been designed in partnership with Aktivo Labs, and enables monitoring of health and wellness metrics.
... |
| 01.04.2024 | Credit quality of Indian companies stayed healthy in H2FY24, says CRISIL | The credit quality of Indian companies remained strong between October 2023 and March 2024 (H2FY24), supported by deleveraged balance sheets, sustained domestic demand, and government-led capital expenditure. Rating upgrades continued to su... |
| 01.04.2024 | India Inc's credit quality remains healthy in H2FY24: Rating agencies | Gaining from conducive macro-economic conditions, the credit quality of Indian companies remained strong between October 2023 and March 2024 (H2 FY24). This was on the back of deleveraged balance sheets, sustained domestic demand and govern... |
| 01.04.2024 | PNB Housing Fin soars 15% on multiple rating upgrades; check details here | Shares of PNB Housing Finance soared 14.5 per cent to Rs 720.4 per share on the BSE in Monday's intraday deals amid a slew of credit rating upgrades by rating agencies. At 10:08 AM, the shares were quoting 13.2 per cent higher at Rs 712.4 a... |
| 30.03.2024 | India's forex reserves rise by $140 mn to hit fresh peak of $642.63 bn | India's forex reserves increased by $140 million to touch its all-time high of $642.631 billion during the week ended March 22, the Reserve Bank said.
This is the fifth consecutive week of a jump in the overall reserves. The kitty had incre... |
| 30.03.2024 | Bank credit to commercial real estate grows threefold in 11 months of FY24 | Bank credit to commercial real estate (CRE) grew by almost three-fold to Rs 67,485 crore during the 11-months of the current financial year (April 2023 - February 2024), from Rs 23,432 crore in the same period of the last fiscal.
This surge... |
| 24.03.2024 | How the RBI is minting a new nationwide currency logistics framework | Mint Road’s refined currency management system has led to a marked fall in its holding pens. The number of currency chests (CCs) in the country stands at 2,838 in FY23 from 3,812 in FY19 while that of coin depots is at 2,293 (3,519).
This f... |
| 24.03.2024 | NBFC's mission to diversify funding may see them struggle in the quest | In 2009, Tata Capital’s Rs 500 crore bond issue was subscribed a tad over six times; the non-banking financial company (NBFC) retained Rs 1,500 crore. “We feel such bonds will become an instrument of choice for investors and other corporate... |
| 22.03.2024 | RBI offices, bank branches for govt biz to stay open on Mar 30& 31 | Reserve Bank of India's offices and branches of banks dealing with government business will keep counters open on March 30 and 31, 2024 to provide greater convenience to tax payers. The electronic transactions can be done till the stipulate... |
| 22.03.2024 | Improving metrics keep Street positive on stocks of public-sector banks | Public sector banks (PSBs) have delivered significant outperformance over the past three years and the sector has been re-rated.
Given the growth and profitability expectations of an 18 per cent return on equity (RoE) over FY24-26, there is... |
| 21.03.2024 | Banks to remain open on March 31 despite Easter Sunday: Here's why | The Reserve Bank of India (RBI) has announced that all agency banks involved in government transactions will remain open on March 31, 2024. This decision coincides with Easter Sunday, a significant celebration for the Christian community. H... |
| 21.03.2024 | PSU Banks soar: PNB, Indian Bank, Central Bank, PSB, BOI zoom up to 4% | The public sector undertaking (PSU) banks were trading higher on the National Stock Exchange as investors continue to remain bullish on the banking sector among PSUs.
The Nifty PSU Bank index rose sharply at 2.66 per cent against 1.01 per c... |
| 21.03.2024 | Punjab National Bank raises Rs 1,859 crore in capital via AT-I bonds | Public sector lender Punjab National Bank has raised Rs 1,859 crore in capital through additional tier I bonds (AT-I bonds) to meet regulatory norms and support business growth. The coupon for the bonds was fixed at 8.47 per cent.
Bond mark... |
| 20.03.2024 | Explained: How to make payments using credit on UPI | Do you often find yourself short of money before the month ends? You now have a credit line option on the Unified Payments Interface (UPI). In September 2023, the Reserve Bank of India (RBI) allowed payments to be financed by banks within t... |
| 18.03.2024 | 40% surge in health insurance coverage among women: What data reveals | Often, women focus so much on caring for others that they overlook their own health. It's crucial for every woman, whether she's single, a stay-at-home mom, married, or working, to have proper insurance coverage. This is not just about safe... |
| 18.03.2024 | Public-sector banks asked to submit three-year business plans by March-end | The Centre on March 18 directed Public-Sector Banks (PSBs) to submit their business plans till 2026-2027 (FY27) by the end of March, The Economic Times reported. The proposed plans will then be assessed on a quarterly basis by government-no... |
| 18.03.2024 | Banks like Bank of India, HDFC offer lowest home loan interest rates | Taking a home loan is a big step in one's financial journey, often being the largest loan an individual might take on, not just in terms of the amount borrowed but also due to its extended repayment tenure, which can span over 15 years or m... |
| 18.03.2024 | Bright spots: India and Indonesia, shining stars in earnings constellation | India and Indonesia have emerged as the bright spots in the Asian pack during the December 2023 quarter earnings season.
According to an analysis conducted by Nomura, of the 78 companies that are part of the Morgan Stanley Capital Internati... |
| 17.03.2024 | Banks asked to check mis-selling, safeguard account holders' interest: DFS Secy | Financial Services Secretary Vivek Joshi has said that public sector banks have been asked to check mis-selling of insurance products and ensure protection of account holders' interest.
Banks have been sensitised on the matter, as the Depar... |
| 15.03.2024 | HDFC Bank, Tata, SBI, and others: Personal loans with lowest interest rates | Personal loans offer a versatile financial solution that can cater to your needs, from consolidating high-interest debt to financing home improvements or even covering unexpected expenses. With generally lower interest rates compared to cre... |
| 07.03.2024 | Cross-check with multiple lenders for accurate valuation of gold loan | Two developments in the recent past have put gold loans in the spotlight. Kotak Mahindra Bank forayed into this rapidly growing segment (17.4 per cent growth year-on-year, according to the Reserve Bank of India’s [RBI’s] data of January 26)... |
| 05.03.2024 | PNB, EaseMyTrip collaborate to introduce PNB EMT Credit Card | State-owned Punjab National Bank (PNB) on Monday announced a partnership with online travel tech platform EaseMyTrip to launch a co-branded credit card.
This power-packed co-branded travel credit card is aimed at mass to premium customer se... |
| 05.11.2022 | PNB Strengthens Vigilance Management by Introducing Digital Measures | New Delhi, Delhi, India
Punjab National Bank, nation’s leading public sector bank, is proud to announce its latest measures to strengthen vigilance management at the organization and promote a culture of honesty amongst its staff members. T... |
| 21.09.2022 | PNB Renews the Trust of Indian Army for 'PNB Rakshak Plus Scheme' | New Delhi, Delhi, India
Punjab National Bank (PNB), nation’s leading public sector Bank, has renewed its Memorandum of Understanding (MoU) with the Indian Army to provide specially designed products to the defence personnel under the bank’s... |
| 07.07.2022 | PNB Signs MoU with Indian Air Force for 'PNB Rakshak Plus Scheme' | New Delhi, Delhi, India
Punjab National Bank (PNB), nation’s leading Public Sector Bank, has signed a Memorandum of Understanding (MoU) with the Indian Air Force (IAF) to provide specially designed products to the defence personnel under th... |
| 16.03.2022 | World Consumer Rights Day: PNB Launches Several Initiatives for Improved Customer Service | Delhi, India
World Consumer Day is celebrated every year on March 15 to mark the sovereignty and supremacy of the rights and needs of the consumers and highlights their unqualified claim to a fair and just treatment. The underlying theme of... |
| 21.12.2021 | PNB Pays Tribute to the Martyrs of Coonoor Helicopter Crash | New Delhi, Delhi, India
Punjab National Bank (PNB) has expressed gratitude and solidarity towards the defence personnel who lost their lives in the tragic Coonoor helicopter crash. The Bank has proactively settled the insurance claim to the... |
| 06.12.2021 | PNB Observes "International Day of Persons with Disabilities" | New Delhi, Delhi, India
Punjab National Bank (PNB) observed “International Day of Persons with Disabilities (IDPD)” in a unique way by launching PNB Pride - CRMD Module Tool. This tech tool is an android-based application custom-made for di... |
| 18.11.2021 | Punjab National Bank Donates Medical Equipment to Satyawadi Raja Harishchand Hospital in Delhi | Delhi, India
In a bid to complement the government's efforts to strengthen last-mile healthcare infrastructure in the country, Punjab National Bank (PNB) had recently kick-started relief efforts across various districts. As a part of this p... |
| 29.10.2021 | CVC Praises Steps Taken by PNB to Strengthen Vigilance Management | New Delhi, Delhi, India
Commemorating the birth anniversary of Sardar Vallabh Bhai Patel on 31st October 2021, PNB is celebrating Vigilance Awareness Week-2021 from 26th October - 1st November 2021 as per the guidelines of Hon’ble Central V... |
