The overdraft amount depends upon the person’s salary amount. And the interest rate starts from 10% per annum.
PNB is also offering a complete waiver of service charges and processing fee on loans against gold jewellery and SGB
Public sector banks and financial institutions will own 51% stake, while private sector lenders will hold 49% stake in NARCL
The loan rate cuts have led to a rally in stocks with Godrej Properties, Oberoi, Puravankara and DLF rallying greater than 10% on September 23.
With effect from September 17, 2021, i.e. Friday, the repo-linked lending rate (RLLR) has been changed from 6.80% to 6.55%.
The bank has also reduced the interest rate on the savings account by 10 basis points, with effect from September 1, 2021.
The bank advised its customers to file their complaints/grievances only through its official channels
The scrip jumped 5% to Rs 720.55 in the early trade, while the benchmark BSE Sensex was down 14 points, or 0.03% at 53,040
A look at the charges by some of the top banks in India with respect to chequebooks
IDBI Bank intends to sell 6,23,23,800 equity shares, constituting approximately 19.18% of the total equity share capital of Asset Reconstruction Co.