by Team Small News | Jul 8, 2025 | Bank of Baroda, Canara Bank, Indian Bank, Punjab National Bank, State Bank of India
In a significant move, several major publicly listed banks in India have abolished the requirement of maintaining a minimum balance in savings accounts, thereby removing penalties for non-maintenance of the Average Monthly Balance (AMB). Banks such as Punjab National...
by Team Small News | Jul 3, 2025 | Indian Bank, Punjab National Bank
Indian Bank and Punjab National Bank (PNB) have announced significant changes to their savings account policies, aiming to promote financial inclusion and make banking more accessible to all sections of society. Effective July 7, Indian Bank will waive minimum balance...
by Team Small News | Jun 23, 2025 | Punjab National Bank
A special court in New Delhi has granted permission to release properties worth Rs 66.33 crore belonging to fugitive businessman Nirav Modi and his sister Purvi Modi. The assets, which include jewellery, luxury watches, and real estate, were previously attached by the...
by Team Small News | Jun 14, 2025 | Axis bank, Bank of Baroda, HDFC Bank, ICICI Bank, Punjab National Bank, RBI, State Bank of India
The Reserve Bank of India’s (RBI) recent 50 basis points (bps) repo rate cut has led to a significant reduction in home loan interest rates. Both public and private banks have reduced their lending rates, making it an attractive time for homebuyers to avail of... by Team Small News | Jun 12, 2025 | Punjab National Bank, RBI
Ashok Chandra, the Managing Director and CEO of Punjab National Bank (PNB), believes that the pressure on the bank’s Net Interest Margin (NIM) will ease in the third quarter of the current financial year. This is due to the reduction in policy rates by the...
by Team Small News | Jun 9, 2025 | Bank of Baroda, Bank of Maharashtra, HDFC Bank, Punjab National Bank, RBI, UCO Bank, Union Bank of India
Following the Reserve Bank of India’s (RBI) decision to cut the repo rate by 50 basis points, several major public sector banks have reduced their lending rates. The move aims to stimulate credit growth and support economic activity amid ongoing challenges. Bank...