Stock market under selling pressure, Nifty below 23,700
HDFC Bank, State Bank of India, Canara Bank and Punjab National Bank were among the major laggards, declining up to 3 per cent.
HDFC Bank, State Bank of India, Canara Bank and Punjab National Bank were among the major laggards, declining up to 3 per cent.
This initiative follows the Railway Board’s directive, aimed at improving employee welfare and financial convenience.
It may be recalled that in June, the State Bank of India (SBI) also had classified the loan account of the Anil Ambani-led Reliance Communications as "fraudulent".
In a customer-friendly move, the Canara Bank on Sunday officially scrapped the penalty for not maintaining a minimum balance in savings accounts starting June 1.
The bank’s net interest income (NII) during the first quarter increased 6 per cent to Rs 9,166 crore from Rs 8,666 crore in the same period last year.
In this regard, the lender will seek its shareholders' approval, in its upcoming Annual General Meeting on August 10.
BoM has revised downwards its six months MCLR to 7.30 per cent from 7.50 per cent.
With an aim to reach out to the eligible borrowers, the bank has employed various strategies like SMS, call centres, emails and personal calls, explaining the facility in order to sanction the loan.
From April 1, 10 public sector banks will be merged into 4.
Prabhakar joined PNB on March 1, 2018 and holds a Master's Degree in Agriculture and a Certified Associate of Indian Institute of Bankers (CAIIB).
