Stressed assets in these two segments are seen increasing to 4-5% and 17-18%, respectively, by the end of this fiscal
Customers will be offered up to 20% discount on purchases from select 2,500 local merchants across 50 cities
Bounce rates that are decreasing suggest that the system is under less stress and that collection rates impacted by lockdown are improving.
During the same quarter in the previous year, the bank had earned a net profit of Rs 7,513.10 crore on a standalone basis.
There is heightened issuance of commercial papers in money market; nature of issuers also suspect
PNB is also offering a complete waiver of service charges and processing fee on loans against gold jewellery and SGB
The relaxation of the limit of the immediate payment system (IMPS) by RBI is conducive to ease of transactions and adds to ease of doing business.
As the agency has the benefit of aggregation, its decisions will not be influenced by which bank has had the maximum stake
If you're in a tight spot, you can go for a low-interest personal loan.
Many countries have kept some public banking institutions, or even had to nationalise as a result of the global financial crisis, he said.