The Latest Breaking News from PNB

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 · Jul 25

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 · Jul 23

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 · Jul 22

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 · Jul 20

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 · Jul 20

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.

The Economic Times · Jul 18

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 · Jul 18

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 · Jul 16

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 · Jul 14

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 · Jul 9