Punjab National Bank.

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<strong>Mumbai:</strong> State-owned Punjab National Bank today raised interest rates on fixed deposits of select maturities by up to 1.25 percent.

...the Bank has decided to realign the interest rates with the prevailing market rates and accordingly the rate of interest on single domestic term deposit of less than Rs 1 crore has been revised from 7.50 percent to 8.75 percent for maturity period of 180 days to less than one year , it said in a filing to the BSE.

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$<strong>New Delhi: </strong>State-owned Punjab National Bank today reported a 11.6 percent drop in net profit to Rs 1,065 crore on account of higher provisioning for bad loans in the September quarter, disappointing investors as its shares tanked about 7 percent. The country\'s second largest PSU lender by assets had a net profit of Rs 1,205 crore in the July-September quarter of 2011-12 fiscal. The results are not as per our expectation, PNB Chairman K R Kamath told reporters here. [caption id=attachment_504157 align=alignleft width=380$

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$Punjab National Bank today said it will recruit about 6,000 to 8,000 personnel each year for the next few years and open 500 branches across the country in the current year. We will be recruiting 6,000-8,000 personnel each year for the next few years, the bank\'s Executive Director S R Bansal told reporters. As of now, we have over 5,800 branches across the country. In the current year, we plan to open another 500 branches. The new branches would include about 22 in Tamil Nadu and 10 in Tiruchirappali circle alone, he added. [caption id=attachment_499056 align=alignleft width=380$

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$Punjab National Bank Ltd, India\'s second largest public sector bank,has reduced interest rates on housing loans by 25 basis points and those on car loan rates by 50 basis points. The new interest rate on home loans up to less than Rs 75 lakh is same as the bank\'s base rate of 10.50%. For home loans above Rs 75 lakh the new rate stands at 10.75%. The new rates on car loans are in the range of 11.50% to 12% depending on the tenor of the loan, as per a notification submitted to the Bombay Stock Exchange by the bank. The changes are effective today. [caption id=attachment_441762 align=alignleft width=380$

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$New Delhi: State-owned Punjab National Bank today reported a 11.6 percent drop in net profit to Rs 1,065 crore on account of higher provisioning for bad loans in the September quarter, disappointing investors as its shares tanked about 7 percent. The country\'s second largest PSU lender by assets had a net profit of Rs 1,205 crore in the July-September quarter of 2011-12 fiscal. The results are not as per our expectation, PNB Chairman K R Kamath told reporters here.$

Mumbai: State-owned Punjab National Bank today raised interest rates on fixed deposits of select maturities by up to 1.25 percent. ...the Bank has decided to realign the interest rates with the prevailing market rates and accordingly the rate of interest on single domestic term deposit of less than Rs 1 crore has been revised from 7.50 percent to 8.75 percent for maturity period of 180 days to less than one year , it said in a filing to the BSE.

New Delhi: State-owned Punjab National Bank today reported a 11.6 percent drop in net profit to Rs 1,065 crore on account of higher provisioning for bad loans in the September quarter, disappointing investors as its shares tanked about 7 percent. The country's second largest PSU lender by assets had a net profit of Rs 1,205 crore in the July-September quarter of 2011-12 fiscal. The results are not as per our expectation, PNB Chairman K R Kamath told reporters here.

Punjab National Bank today said it will recruit about 6,000 to 8,000 personnel each year for the next few years and open 500 branches across the country in the current year. We will be recruiting 6,000-8,000 personnel each year for the next few years, the bank's Executive Director S R Bansal told reporters. As of now, we have over 5,800 branches across the country. In the current year, we plan to open another 500 branches. The new branches would include about 22 in Tamil Nadu and 10 in Tiruchirappali circle alone, he added.

Punjab National Bank Ltd, India's second largest public sector bank,has reduced interest rates on housing loans by 25 basis points and those on car loan rates by 50 basis points. The new interest rate on home loans up to less than Rs 75 lakh is same as the bank's base rate of 10.50%. For home loans above Rs 75 lakh the new rate stands at 10.75%. The new rates on car loans are in the range of 11.50% to 12% depending on the tenor of the loan, as per a notification submitted to the Bombay Stock Exchange by the bank. The changes are effective today.

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