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The Latest Breaking News from PNB

Can housing society clamp your wrongly parked car with a wheel jammer? Maharashtra court says yes but with this condition

Man purchased flat from PNB in auction but got only 1 parking spot for his 6 vehicles; housing society used wheel jammer to clamp wrongly parked vehicles; Maharashtra co-op appellate court rules society needs to give 48 hour notice with reasons to clamp wrongly parked vehicle. Know what happened in…

The Economic Times

PNB to roll out its wealth management product by Dec aimed at boosting non-interest income

Punjab National Bank plans to launch wealth management services by December. The bank is also aggressively scaling its credit card business operations. This expansion aims to significantly enhance the bank's non-interest income streams. PNB anticipates its profit will surpass twenty thousand crore rupees this financial year.

The Economic Times

FCNR (B) FD interest rates up to 6.50%: SBI, HDFC Bank, PNB and others- which bank offers highest rate?

For non-resident Indians, foreign currency non-resident bank fixed deposits remain a favored investment choice. With an uptick in interest rates for tenures ranging from three to five years, Punjab National Bank currently leads with an attractive 6.50% rate on select five-year deposits. Meanwhile, HDFC Bank and ICICI Bank also showcase…

The Economic Times

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ICICI Securities initiates coverage on 7 PSU banks with positive valuations

ICICI Securities commenced its analysis on seven public sector banks, giving most a Buy rating. They predict a strong return on equity for these institutions leading up to fiscal year twenty twenty-eight. Loan growth should remain vigorous, estimated at fourteen to fifteen percent each year. While asset quality is likely…

The Economic Times

Stocks in news: Maruti Suzuki, ITC, ZEE, Persistent Systems, and Muthoot Finance

Markets extended their winning streak on Friday, supported by encouraging quarterly business updates. Nifty strengthened its bullish structure by surpassing the 200-day EMA, positioning for further gains. ITC reported a net profit drop while revenue rose, and Maruti Suzuki saw a net profit decline. Sun Pharma reported net profit growth,…

The Economic Times

PNB to hold off on subsidiary monetisation, focus on value creation: MD Ashok Chandra

Punjab National Bank will not monetize subsidiaries soon, focusing on operational strengthening for future value. The bank's capital adequacy exceeds 18 percent, well above regulatory requirements. This strong capitalization means no market fund raising is planned for growth initiatives. PNB expects its net profit to surpass twenty thousand crore rupees…

The Economic Times

5 credit cards with complimentary airport lounge access without any minimum spend criteria in 2026: One of them is lifetime free

Looking for credit cards with free airport lounge access? Check these 5 credit cards that still offer complimentary domestic or international lounge access without any minimum spending criteria. These cards also have a low joining fee and one of them is free for lifetime. Check other things like eligibility criteria,…

The Economic Times

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HDFC Bank, Axis Bank collect highest penalties from customers for non-maintenance of minimum average balance; Bank of Baroda tops public sector bank list

HDFC Bank, Axis Bank, and Bank of Baroda collected the most penalties for low balances. Public sector banks collected these charges from FY 2021-22 to FY 2025-26. Private sector banks collected penalties from FY 2022-23 to FY 2025-26. Most public sector banks have now withdrawn these charges for savings accounts.…

The Economic Times

Highest 5-year senior citizen FD interest rates: Public vs private sector banks- which offers highest maturity

Highest FD rates: Senior citizens can secure higher returns on fixed deposits with select banks. Bandhan Bank, IndusInd Bank, and YES Bank offer 7.75% on three-year FDs. DCB Bank leads with an 8.00% interest rate for five-year fixed deposits. Public sector banks like Bank of India provide 7.45% on three-year…

The Economic Times

NRE vs NRO FD: SBI, HDFC Bank, PNB and Axis Bank interest rates compared; know key differences

NRE and NRO accounts offer investment avenues for Non-Resident Indians in India. NRO accounts accept Indian earnings, while NRE accounts hold international funds. Interest on NRO deposits faces tax, unlike NRE accounts which are tax-free. NRE funds are fully repatriable, and NRO funds have a yearly repatriation limit. Major banks…

The Economic Times

Punjab National Bank eyes ambitious target to break into world's top 100

Punjab National Bank is setting its sights on breaking into the elite group of the world's top 100 lenders in the near future. With a significant surge in net profit reported last quarter, the bank is optimistic about accelerating credit growth and diversifying its business interests. Plans include launching wealth…

The Economic Times

$17.4 billion flows into FCNR(B) deposits: Which bank offers the best 3-year FCNR(B) FD rate—SBI, PNB, HDFC Bank, ICICI Bank or Canara Bank?

Foreign currency deposits have seen significant inflows after a new RBI scheme. Canara Bank offers the highest 3-year FCNR(B) USD fixed deposit rate. HDFC Bank, Axis Bank, and ICICI Bank offer a 6% interest rate. These deposits are available in various foreign currencies and offer tax exemptions.

The Economic Times

Punjab National Bank to foray in acquisition finance in third quarter: MD Chandra

Punjab National Bank will begin acquisition finance in the third quarter of this fiscal year. The bank aims to mobilize USD 2.5 billion in FCNR (B) deposits by September. This move diversifies the bank's asset portfolio and attracts foreign currency. PNB reported a significant profit jump for the quarter ended…

The Economic Times

PNB shares jump 7% in 2 days after Q1 earnings. Should you buy, sell or hold?

Punjab National Bank shares have surged in the last two sessions after the PSU lender reported a 214% year-on-year jump in Q1 FY27 net profit to Rs 5,253 crore, prompting bullish brokerage calls. Net interest income rose 2% to Rs 10,798 crore.

The Economic Times

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The Economic Times

NRO FD interest rates: Earn up to 6.75%—SBI, HDFC Bank, PNB, ICICI Bank or Axis Bank, which offers the best rate for NRIs?

Non-Resident Indians can park their Indian income in NRO fixed deposits. These deposits offer attractive interest rates, with some banks providing up to 6.75 percent. Banks like Bank of Baroda offer the highest rates on specific tenures. Investors should consider tax implications and Double Taxation Avoidance Agreements. Understanding these factors…

The Economic Times

Ahead of Market: 10 things that will decide stock market action on Tuesday

Indian markets ended lower as escalating Iran-US tensions and rising crude prices weighed on sentiment. Analysts expect geopolitical risks, inflation and central bank actions to remain in focus, while resilient Q1 earnings support selective opportunities. Nifty faces resistance at 24,400 and support near 24,100.

The Economic Times

PNB shares jump 6% as Q1 profit soars 214%, beats Street estimates. What next?

Punjab National Bank shares rose sharply on Monday after the PSU lender reported a 214% YoY jump in Q1FY27 net profit, beating Street estimates. Strong asset quality, lower provisions and improving margins prompted JM Financial to upgrade the stock and Motilal Oswal to reiterate its Buy rating with a higher…

The Economic Times

PNB mobilises $419 million in FCNR(B) deposits, on track to meet $2.5 billion target: Executive Director

Punjab National Bank (PNB) has mobilised around USD 419 million in Foreign Currency Non-Resident Bank (FCNR(B)) deposits and remains on track to achieve its USD 2.5 billion target by September 30, despite higher global yields and ongoing negotiations over deposit rates, Executive Director Amit Kumar Srivastava told ANI.

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The Economic Times

PNB Q1 Results: Net profit surges 214% YoY to Rs 5,253 crore; NII up 2%

PNB Q1 Results: Sequentially, however, net profit rose marginally by a little over 0.5% QoQ from Rs 5,225 crore reported in the preceding three months.

The Economic Times

FCNR(B) FD interest rates for NRIs: HDFC Bank, SBI, PNB, ICICI Bank and Axis Bank- which offers highest maturity on USD deposits

Government support for FCNR(B) deposits until September 2026 has sparked renewed investor interest. Banks are now offering higher interest rates on these foreign currency accounts. Non-Resident Indians can benefit from avoiding Indian currency depreciation risks.

The Economic Times

NRE FD interest rates up to 6.70%: SBI, HDFC Bank, PNB and more; which bank offers best returns for NRIs

Non-Resident Indians can invest foreign earnings in Indian rupees through NRE fixed deposits. These deposits offer tax-exempt interest and free repatriation of funds abroad.

The Economic Times

Merger of banks does not shield tenant from eviction under Delhi Rent Control Act: SC

The Supreme Court ruled bank mergers do not bypass landlord consent for eviction. Punjab National Bank must vacate premises by January 2027. This decision ends a four-decade legal dispute over property rights. The court emphasized tenant obligations under the Delhi Rent Control Act. Landlord consent remains essential for any transfer…

The Economic Times

PNB shares decline 3% after Q1 business update; global business nears Rs 30 lakh crore

Punjab National Bank's Q1 FY27 business update reveals a robust 12.85% year-on-year surge in global advances, reaching Rs 12.75 lakh crore. Deposits also saw a healthy 8.52% rise. The bank's overall global business crossed Rs 30 lakh crore, marking over a 10% YoY increase. These positive trends are set to…

The Economic Times

Stocks in news: Marico, Adani Enterprises, Tata Motors PV, PB Fintech, PNB

Indian markets saw a second day of gains, with the Nifty reclaiming its 100-day moving average, signaling a bullish trend. Key companies like Marico, Tata Motors PV, and Adani Enterprises are in focus due to strong Q1 updates and fundraising plans. PNB and Bank of India reported significant credit growth,…

The Economic Times

PNB to focus on Retail, Agriculture, MSME advances, CASA deposits to boost profitability: MD Ashok Chandra

Punjab National Bank is set to prioritize retail, agriculture, and MSME lending, alongside boosting low-cost deposits to fuel growth. MD and CEO Ashok Chandra highlighted the bank's strong financial position and commitment to digital expansion and customer service. PNB aims to contribute to India's 'Viksit Bharat' vision by 2047, integrating…

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