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PNB has said that two junior officials at the Mumbai branch had illegally issued "letters of undertaking" to get the overseas branches of other lenders to extend credit to "a few select account holder.

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With ICICI Bank — amongst country’s three topmost lenders — already offering better home loan rates to existing customers. the EMI, interest rates and other fees for home loans, car loans, person.

A massive fraud at one of India’s biggest banks could be even larger than initially thought. The value of "unauthorized transactions" at Punjab National Bank, one of the country’s top state-run lender.

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Forget the zero-interest scheme. With the Reserve Bank of India (RBI) saying banks should no longer lure customers through zero-interest schemes and ought to declare the real interest rate on consumer.

The new rates. interest rates of 8.20 per cent while others can avail of home loans at 8.25 per cent. On November 2, SBI had cut home loan rates to 9.1 per cent — the lowest in six years — as part.

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However, it can’t offer loans directly, or issue credit cards. 4 per cent interest rate on savings accounts. IPPB has teamed up with financial services providers like PNB and Bajaj Allianz.

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Punjab National Bank has. their Q1 report cards in the coming week. Bank of India has posted a net profit of Rs.130 crore for the quarter ended June 30, which was down by 84 percent from a year ago.

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MUMBAI (Reuters) – India’s central bank on Tuesday barred all lenders from issuing letters of undertaking – a form of credit guarantee at the heart of a major fraud – as embattled Punjab National Bank.

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Media Prima has entered into a sale and leaseback exercise for its properties with PNB Development. at a higher interest r.

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The message tells consumers that GST will be levied once on the utility bill for the service, and once again on the amount billed on the credit card. more because the interest or late payment charg.

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