PNB CUSTOMERS
RBI penalizes PNB, four other banks for regulatory non-compliance in first week of July
The Reserve Bank of India (RBI) has penalized five banks, including Punjab National Bank (PNB), for non-compliance with RBI directions. PNB became the fifth bank to be penalized, with a penalty of Rs 1.31 crore. The penalty was imposed for non-compliance with RBI directions regarding 'Loans and Advances: Statutory and Other Restrictions' and the 'Reserve Bank of India (Know Your Customer (KYC) Direction, 2016'.
Earn FD interest rate up to 9.50%: Which bank is offering the highest fixed deposit rates for senior citizens?
Earn FD interest rate up to 9.50%: Banks offer higher interest rates to senior citizen customers on fixed deposits than to general citizens.
Loan interest rates in June 2024: These 6 banks have revised loan interest rates in June 2024
Latest loan interest rates: Banks regularly, usually on a monthly basis, assess their marginal cost of lending rates (MCLR) to account for variations in their financing costs and other pertinent aspects. Here are the top banks and their lending rates offered in June 2024, reflecting the changes in MCLR.
New PNB Rupay debit card airport lounge access rules will come into effect from July 1, 2024; check details
Punjab National Bank (PNB) has announced that the lounge access program for all variants of Rupay Platinum Debit Cards have been revised. The revised program is effective from July 1, 2024, as per the PNB website.
Re-KYC update of bank account: How to update KYC of bank account online in HDFC Bank, SBI, Canara Bank, ICICI Bank
How to update KYC details: Re-KYC is a procedure that allows banks and other financial organisations to stay up to date on a customer's most recent contact data and personal details. Here is how you can update your KYC details online for these top banks.
How to block a debit card: 4 ways to block, hotlist PNB debit card
How to block a debit card: Punjab National Bank (PNB) customers can follow any of the following processes to block or hotlist their card. Note that debit cards, once hotlisted, cannot be de-hotlisted.
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Bank locker charges 2024: SBI vs HDFC Bank vs ICICI Bank vs Canara Bank vs PNB
A safe deposit box is a personal vault offered to the banks’ customers to keep their valuables and belongings safe. Depending on the size of the locker, there is a fee associated with it.
Debit card decline charge: SBI, ICICI Bank, HDFC Bank, Kotak Mahindra Bank, PNB, BoI
When customers try to take out cash or use their debit cards, but don't have enough money in their account, they get charged a fee. This fee is charged even though the bank doesn't incur any costs for a declined transaction.
Frauds by bank employees: Take these steps to ensure branch manager or any other employee does not run away with your money
Fraud by bank employees: Many reports of bank employees defrauding customers of the bank. These are the cases where the bank and its customers both are the victims of fraud by the employee(s). In a recent judgement by the SC, it was said that banks would be held liable for criminal misconduct by its employees.
SBI, ICICI Bank, Axis Bank, PNB, AU Small Finance Bank warn customers about banking frauds; different scams, ways to safeguard yourself
Bank frauds: SBI recently issued a warning about a scam involving the distribution of an Android Application Package (APK) to users under the guise of redeeming SBI reward points and the precautions to take. Let us take a look at some of the frauds that big banks in India have been warning customers about and how one can stay safe.
Earn up to 7.85% FD rate: Which bank is offering highest fixed deposit rate for senior citizens?
Banks usually offer higher interest rates for its senior citizen customers. Here is a comparison of the FD rates offered for senior citizens by these banks and the latest revised SBI FD interest rates.
Loan interest rates of top banks in May 2024: SBI, HDFC Bank, Bank of Baroda, Canara Bank, PNB
The repo rate and other loan-related rates will be taken into account when revising the MCLR on a monthly basis. Here is a look at the latest MCLR of the top 7 banks in May 2024.
Gold loan interest rates 2024: SBI, PNB, HDFC Bank, ICICI Bank, Axis Bank, Bank of Baroda
Latest gold loan interest rates: Gold ornaments, including gold coins that banks sell, can be pledged to get a gold loan with little paperwork and a reasonable interest rate. Here is a look at different banks' latest gold loan interest rates, as per the bank websites.
PNB warns customers not to trust phone numbers, addresses found through these modes; puts limits on these transactions
PNB has noticed that some unscrupulous individuals have pretended to be Punjab National Bank officials on phone calls and SMS messages, using our name and brand while purporting to be promoting fake products in an attempt to deceive consumers.
Punjab National Bank (PNB) to close these bank accounts: Is your account affected? Check here to find out
Punjab National Bank (PNB) has decided to close accounts where there has been no operation by the customer for the last three years and there is no balance in these accounts.
Regulatory tightening over? Time to revisit. 5 housing finance stocks with upside potential of up to 39%
To some the news of the possible changes in project finance by banks and other sectoral lenders might appear to have come out of the blue. But the fact is that RBI has been in a process of tightening and cleaning up the system of every segment and subsegment of banking and financial services for more than the last one and a half years. Infact the first set of companies where the tightening of the norms was implemented were housing finance companies. Right from raising capital to disbursement norms, everything was tightened. Whenever there is tightening of norms, stocks from that sector tend to correct. Same has been the case with housing finance companies, they have underperformed in the last one year of bull run. But as the companies adjust to new norms, there will be some players who probably would make a comeback faster. Given the fact that despite all the problems which the sector has faced, it has still grown on an overall basis and there is no reason to believe that this will not happen in future.
PNB Housing Finance eyes over 17% growth in FY25 loan book
Managing director Girish Kousgi told ET that the lender is aiming to grow its retail book by 17% in FY25, while the overall loan growth is likely to be more when it resumes corporate lending.
PNB Housing Finance aims to grow business by 17% in FY25, the highest rate since 2019
PNB Housing Finance targets significant loan portfolio growth in FY25, driven by retail lending focus. The lender aims to balance affordable, emerging, and prime segments, with strategic branch distribution and varied interest rates for different loan types.
New MD & CEO appointed at Srei Infrastructure Finance under NARCL management
The Kolkata-based Kanorias previously controlled the twin companies of SIFL and Srei Equipment Finance Company till RBI superseded their boards over alleged mismanagement in October 2021 and subsequently initiated IBC proceedings. However, NARCL successfully acquired the companies under the Insolvency and Bankruptcy Code (IBC) initiated by RBI to resolve over Rs 32,000 crore debt of the NBFCs.
RTGS, NEFT charges of big banks in April 2024 compared: SBI, HDFC Bank, ICICI Bank, PNB
RTGS, NEFT charges: NEFT is an electronic fund transfer system in which the transactions received up to a particular time are processed in batches. Contrary to this, in RTGS, the transactions are processed continuously on a transaction-by-transaction basis throughout the day.
Bank loan interest rates in April 2024 compared: SBI, HDFC Bank, ICICI Bank, IDBI Bank, Yes Bank, PNB, Bank of Baroda
Latest bank loan interest rates: In April so far, some banks have revised their loan interest rates, while others banks have kept their marginal cost-based lending rates (MCLR) unchanged. Here is a look at the MCLR of the top 8 banks in April 2024.
Refund of fraud transactions: Railway police constable wins case against PNB after 10 years; what to do in such cases?
Punjab National Bank: What happened was an constable with Railway Protection Force (RPF) became a victim of electronic fraud in 2013 and Rs 80,000 was withdrawn through eight unauthorised transactions. Banking lawyers say that the burden of proving customer liability in case of unauthorised electronic banking transactions shall lie on the Bank.
Valuation concerns ebbed? 400 smallcaps give double-digit weekly returns of upto 52%
The strong rally in smallcap stocks drove the BSE Smallcap index 6% higher last week. Meanwhile, benchmark S&P BSE Sensex gave just 0.8% returns.
Warburg Pincus frontrunner to buy Shriram Housing Finance
Bain Capital is other key contender; binding bids submitted last week. Shriram Housing offers an opportunity for a PE player to benefit from the sharp growth expected in India's affordable housing space, which has gained significant momentum following the post-Covid shift in favour of home ownership
Hot Stocks: Brokerage view on GAIL, ICICI Lombard, PNB Housing and Infosys
Jefferies has underperform rating on GAIL India. Morgan Stanley is overweight Infosys, PNB Housing, ICICI Lombard.
PNB MetLife appoints Vijayalakshmi Natarajan as chief risk & compliance officer
Natarajan, an industry veteran with over three decades of experience, is responsible for enterprise compliance, risk management, design and implementation of internal controls, and policies and procedures, the company said.
CFM ARC offers to buy Rs 580cr debt of harbour heights at 34% discount
The Harbour Heights project, a joint venture between Radius Group and Sumer BuildCorp, has a total debt exposure of around ₹580 crore. CFM ARC has proposed a bid of ₹386 crore to Standard Chartered Bank and PNB Housing Bank together, structured with a payment ratio of 30:70, where 30% will be paid in cash and 70% in the form of security receipts.
These PNB customers have been asked to update KYC details by December 18 to avoid restrictions on account operations
PNB customers are requested to provide their updated information like identity proof, address proof, recent photo, PAN, income proof, mobile number (if not available) or any other KYC information.
PNB asks customers to update KYC by August 31, 2023: How to check KYC status
Customers whose accounts have been due for KYC updates have received two notices at their registered addresses and SMS notifications on their registered mobile numbers from the bank, as per a PNB press release issued on August 2, 2023.
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