The Reserve Bank of India (RBI) has reduced the repo rate by 25 basis points, prompting several Indian banks to adjust their repo-linked lending rates (RLLR). This move is set to benefit home loan borrowers, as banks like Indian Bank, Punjab National Bank (PNB), and Bank of India have announced reductions in their lending rates. … Read more
Tax savings under Old Tax Regime: Taxpayers seeking to optimise their savings for the fiscal year 2024-25 still have opportunities available. One such option is utilising Section 80G of the Income Tax Act to claim deductions for donations made to government-approved trusts. It is important to note that not all charitable contributions automatically qualify for … Read more
“If one is a long-term investor, this is also a domestic-focused, our own domestic-focused consumption story and there is definitely scope there to build on to a portfolio if you are seeing some correction and consolidation started to happen, then one can be looking at real estate also,” says Neeraj Dewan, Market Expert. What is … Read more
Punjab National Bank (PNB) updated interest rates on its retail loan portfolio effective February 10, 2025, in response to evolving market dynamics for enhanced competitiveness. This development was outlined in a press release issued by the bank on February 20, 2025. The revised rates encompass a range of loan products including home loans, auto loans, … Read more
“So, one needs to be very-very stock specific and look at opportunities in this kind of volatility and whenever the pain is there you will hear noises like do not buy any stock, do not buy midcap and smallcap at all,” says Neeraj Dewan, Market Expert.What do you make of the market mood, how much … Read more
Indian frontline indices ended the week with 2.3% cuts amid selling pressure in most sectors, primarily in banks, auto and pharma. On Friday too, they ended lower. While the S&P BSE Sensex settled at 77,378.91, down by 241.30 points or 241.30%, the broader Nifty closed at 23,431.50, lower by 95 points or 0.4%. Commenting on … Read more
State-run lender Punjab National Bank (PNB) on Monday informed the exchanges about issuing and allotting bonds worth Rs 3,000 crore. The Basel Ill Compliant Tier-II Bonds were allotted to 14 allottees at a coupon of 7.43% per annum. The bonds are unsecured, subordinated, non-convertible, fully paid-up, redeemable and taxable, the company filing said. PNB informed … Read more
Domestic markets opened the week on a positive note, gaining nearly half a percent in line with last week’s momentum. In today’s trade, shares of Reliance Power, Coal India, AstraZeneca India, PNB, Power Grid among others will be in focus due to various news developments. Reliance PowerReliance Power’s board approved issuance of up to 46.20 … Read more
Public sector bank Punjab National Bank (PNB) has asked its customers to update their Know Your Customer (KYC) details by August 12. A PNB notice applies to customers whose accounts were due for KYC updation as of March 31. The bank said timely compliance is crucial to ensure uninterrupted account operations. The notification has been … Read more
The Nifty Bank fell over 1% on Thursday tracking weak global cues to close below its crucial psychological support of 48,000. The banking index fell 533 points to close at 47,487 while the Nifty50 saw a decline of 345 points to close below the 22000 mark. IDFC First Bank, PNB, HDFC Bank, and IndusInd Bank … Read more