Nationwide bank strike on Jan 27: What SBI, PNB, and BoB customers should expect
The decision to strike was taken after a conciliation meeting with the Chief Labour Commissioner on January 23 failed to resolve the issue.
The decision to strike was taken after a conciliation meeting with the Chief Labour Commissioner on January 23 failed to resolve the issue.
Harmanpreet Kaur’ was presented with a framed PNB jersey bearing her name and number, along with a custom-engraved PNB bat.
The 66-year-old, accused of orchestrating a Rs 13,000 crore fraud at Punjab National Bank (PNB), now has 15 days to appeal the ruling before Belgium's Supreme Court, delaying any immediate transfer.
The rate cut is part of the RBI’s strategy to stimulate economic growth by making borrowing more affordable for both consumers and businesses.
The agency expects the non-performing loan (NPL) ratio to stay between 2 to 3 per cent over the next year.
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).
On Wednesday Moody' Investors Service updated its outlook on the PNB to positive from stable.
The bank has received a communication from the Ministry of Finance that the Alternative Mechanism (AM), after consultation with Reserve Bank of India (RBI), has decided that Punjab National Bank, Oriental Bank of Commerce (OBC) and United Bank of India may consider amalgamation, it said in a regulatory filing.
The interest rate on the new home loan and auto loan variant will be directly linked to the repo rate and thereby help in quick monetary transmission.
At 10.43 a.m., PNB shares were trading at 73.95 apiece, down 9.54 per cent before hitting an intra-day low of 73.15 a share.
