A recent press report said that Punjab National Bank (PNB) has bagged two awards in recognition of its services to the micro, small and medium enterprises (MSME) sector. One award was for excellence in lending under the Prime Minister’s Employment Generation Programme (PMEGP) in the North Zone and the other award, is for excellence in lending under the… Read More »
A recent press report said that the recent policy rate hike by regulator Reserve Bank of India will lead to rush in loan rates by various lenders. Reports said that major lenders like Punjab National Bank, Bank of Baroda (BOB), IDBI Bank and Oriental Bank of Commerce (OBC) have already raised their base rate to… Read More »
A recent press report said that the interest rate structure of the banks will be destabilised in the short run if rates on savings accounts are deregulated. As per the report, Mr.K.R kamath, Chairman and Managing Director, Punjab National Bank, Said that the rate is the anchor on which the bank builds all the interest… Read More »
A recent press report said that ICICI, union bank of India, Indian overseas bank, United Bank of India, Andhra Bank and State bank of Bikaner and Jaipur raised their lending rates by 59 basis points making auto, home and other loan expensive. The report also said that the decision of the banks to raise the… Read More »
According to a recent press report Punjab National Bank, has raised its interest rates by 50 basis points, following the policy rates hike announced by the RBI. K R Kamath Chairman and MD of the bank told the press that the board of directors has decided to increase interest base rate and BPLR by 50… Read More »
A recent press report said that state-owned Indian Overseas Bank has raised itsed its base rate by 50 basis points to 10 per cent, within days of the Reserve Bank announcing an increase in its short-term lending and bank savings rates to tackle inflation.The bank has increased its Benchmark Prime Lending Rate (BPLR) rates to… Read More »
State-run banks will take a strike of Rs 4,000 crore this financial year with the banking regulator directing these lenders to provide for the pension liabilities of their retired staffs in the balance sheet for ‘10-11. This is step is likely going to reflect on the profitability of the banks. Banks have asked for the… Read More »
Another simple measure to watch is net interest margin, which looks at net interest income as a percentage of average earning assets. Track margins over time to get a feel for the trend. PNB’s Net Interest margins have been generally stable in the 3.5 to 4 percent range. FY08 Net Interest Margin stands at 3.58… Read More »
A top bank executive of Punjab National Bank has said that the bank is scouting for acquisition of a bank in Kazakhstan as part of its plans to expand its presence. Punjab National Bank Executive Director Nagesh Pydah addressing reporters in Chennai said, “There are lot of opportunities (in Kazakhstan). A high level delegation has… Read More »