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UNBELIEVABLE: Punjab national bank - Caught on Camera

Senior citizen gets income tax notice over Rs 65.27 lakh cash deposit in bank account; his son proves source of funds and wins case in ITAT Jaipur

Senior citizen sent income tax notice for Rs 65.27 lakh unexplained cash deposit, which was later proved to be pension and FD money; ITAT Jaipur order explained.

The Economic Times · 7h ago

5-year FD vs NSC calculator: Check maturity senior citizens can get on Rs 2.5 lakh investment in NSC and FDs from SBI, HDFC Bank, PNB, ICICI Bank and others

For senior citizens eyeing steady income, evaluating National Savings Certificates against bank fixed deposits is crucial. Investing Rs 2.5 lakh in NSC yields a more favorable maturity amount than many bank FDs.

The Economic Times · 9h ago

PC Jeweller shares jump 5% to fresh 52-week high, market value swells by Rs 2,500 crore in 4 sessions

PC Jeweller shares hit a fresh 52-week high, extending a four-session rally to 20%. The stock has gained 64% in 2026 so far, supported by renewed investor optimism after the company repaid its outstanding debt ahead of schedule and achieved debt-free status.

The Economic Times · Oct 12

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Will RBI’s CRR hike to 99% hit HDFC, SBI and other bank stocks? Here’s what Jefferies says

The RBI has raised the minimum daily CRR maintenance requirement to 99% from 90% from October 16 to curb banking system liquidity. Jefferies expects a limited impact on banks’ net interest margins, estimating a potential 1-2 basis point increase in funding costs. It prefers banks over NBFCs in a rising-rate…

The Economic Times · Oct 12

Higher EMIs ahead: PNB, Bank of India, Bank of Baroda and Indian Bank raise lending rates; check details

The Reserve Bank of India increased the repo rate by 25 basis points during its monetary policy meeting. This hike prompted banks like Punjab National Bank and Bank of Baroda to adjust their lending rates.

The Economic Times · Oct 8

Highest senior citizen FD interest rates after RBI repo rate hike: Public vs private vs small finance bank rates of 3 and 5-year fixed deposits

The Reserve Bank of India raised the repo rate to 5.50% in its recent Monetary Policy Committee meeting. Subsequently, banks are likely to adjust their fixed deposit interest rates for both new and existing customers. P

The Economic Times · Oct 7

Q2 business update impact: PNB, Bank of Baroda, AU Small Finance Bank shares jump up to 4%. What lies ahead?

Shares of Punjab National Bank, Bank of Baroda and AU Small Finance Bank rose up to 4% after strong Q2 business updates. Deposits and advances recorded robust year-on-year growth across the lenders, boosting investor sentiment. Analysts expect loan growth momentum to continue, though near-term margins could remain under pressure amid…

The Economic Times · Oct 5

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Stocks in news: HDFC Bank, Infosys, Yes Bank, Hindustan Zinc and RVNL

Indian equities continued their downward trend due to rising global bond yields and high crude oil prices. The Nifty 50 fell by 198.50 points, while the BSE Sensex decreased by 570.59 points. Key companies like HDFC Bank and Infosys made significant corporate announcements amidst these market conditions. HDFC Bank appointed…

The Economic Times · Oct 5

FD rates up to 8.50% for senior citizens on 5-year deposits; Check the list of banks

FD interest rate for senior citizents: Senior citizens can take advantage of attractive fixed deposit interest rates from various banking institutions. For instance, Suryoday Small Finance Bank shines by offering an impressive 8.50% on five-year fixed deposits, while DCB Bank provides a commendable 8%.

The Economic Times · Oct 3

Bank strike latest news: Will banks remain open on September 28? What SBI, PNB, Bank of India, Indian Bank & other bank customers need to know

Bank strike today: The latest bank strike news is that the proposed three-day nationwide strike from September 28 to 30 has been deferred after talks between the Indian Banks’ Association (IBA) and the United Forum of Bank Unions (UFBU). The decision comes amid the unions’ demand for five-day banking, with…

The Economic Times · Sep 27

NIA arrests two key accused in Rs 17.29 crore counterfeit currency racket via Saharanpur PNB chest

The National Investigation Agency has arrested two individuals in Saharanpur for their alleged involvement. These arrests are linked to the circulation of counterfeit currency notes through a Punjab National Bank chest. The agency previously apprehended two other key accused in this ongoing investigation. Authorities discovered counterfeit notes with a face…

The Economic Times · Sep 20

Bank union strike today: Are banks open or closed today on September 11, 2026? Check details

Customers should brace for significant disruptions in bank services on September 11, 2026, as the UFBU calls for a nationwide strike. This strike will extend into the weekend, limiting service availability. Unions are pressing for critical reforms including a five-day work week and a thorough review of the PLI scheme.

The Economic Times · Sep 11

Bank union strike tomorrow: Are banks open or closed on September 11, 2026? Check details

Bank customers face potential disruptions on September 11, 2026, due to a nationwide strike. United Forum of Bank Unions has called for this action, impacting branch operations. Banks advise customers to use digital channels and ATMs for essential transactions. Essential services will run, but branch work may be affected by…

The Economic Times · Sep 10

Global Fintech Fest 2026: DFS Secretary Sanjay Lohiya unveils UPI credit for KCC, MUDRA borrowers

DFS Secretary Sanjay Lohiya at Global Fintech Fest 2026 unveiled a facility allowing eligible Kisan Credit Card and PM MUDRA Yojana borrowers to use sanctioned credit limits for merchant payments through UPI. The move could widen digital access to formal credit for farmers and small businesses, with more banks expected…

The Economic Times · Sep 9

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The Economic Times · Sep 3

Aditya Birla Group gets Rs 24,000 crore bank commitments for Shell deal, 70% more than planned

Aditya Birla Group secured loan commitments exceeding its initial acquisition funding needs. Axis Bank and State Bank of India offered substantial credit lines to the conglomerate. Union Bank and Punjab National Bank also provided significant credit facilities for the deal. This acquisition will transfer control of Shell's Indian renewable energy…

The Economic Times · Aug 25

CBI court rejects discharge plea of PNB scam accused Shetty's wife in DA case

A special CBI court has refused to discharge Ashalatha Shetty, wife of former Punjab National Bank deputy manager Gokulnath Shetty, in a disproportionate assets case linked to the PNB scam.

The Economic Times · Aug 21

Punjab National Bank inks pact with Indian Army to offer curated credit cards to army personnel

Punjab National Bank and the Indian Army have signed an exclusive memorandum of understanding. This partnership will offer two specialised credit cards for Army personnel. These cards provide benefits like cashback and airport lounge access. The PNB Parakram Credit Card features an environmentally friendly biodegradable design.

The Economic Times · Aug 20

Supreme Court dismisses Reliance Communications, lenders' petitions against bank guarantee invocation

The Supreme Court dismissed Reliance Communications lenders' challenge to the DoT's bank guarantee invocation. The court stated lenders should have approached the high court first for this matter. The DoT sought to invoke bank guarantees totaling approximately ₹800 crore from four banks. Lenders argued the Supreme Court's prior judgment did…

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The Economic Times · Aug 20

Highest FCNR (B) interest rates: Check PSU vs private sector bank rates for NRIs, OCIs

FCNR (B) FD interest rates: The window for Non-Resident Indians to enjoy favorable FCNR(B) deposit rates is closing soon, specifically on August 31. With the government absorbing the hedging costs for these foreign currency deposits, this is an opportune moment for investors. Many banks are offering attractive interest rates, so…

The Economic Times · Aug 14

Up to 7.25% senior citizen FD interest rate: What is the maturity amount on Rs 5 lakh in 5-year SBI, PNB, HDFC Bank & other FDs?

For senior citizens seeking consistent returns, fixed deposits present an appealing option. Notably, Axis Bank currently leads the market with a striking interest rate of 7.25% for a five-year term. A Rs 5 lakh investment could mature to around Rs 7.16 lakh after five years. Other prominent banks such as…

The Economic Times · Aug 12

JioBlackRock Flexi Cap Fund adds Bandhan Bank, 14 other stocks; exits Vedanta, 17 more in July

JioBlackRock Flexi Cap Fund added 15 stocks and exited 18 in July, with Bandhan Bank and Punjab National Bank among its key additions. The fund also increased exposure to 29 stocks while reducing its stake in 29 others. Its portfolio stood at 133 stocks, with an AUM of Rs 3,270…

The Economic Times · Aug 9

PNB to roll out its wealth management product by Dec aimed at boosting non-interest income

Punjab National Bank plans to launch wealth management services by December. The bank is also aggressively scaling its credit card business operations. This expansion aims to significantly enhance the bank's non-interest income streams. PNB anticipates its profit will surpass twenty thousand crore rupees this financial year.

The Economic Times · Aug 4

FCNR (B) FD interest rates up to 6.50%: SBI, HDFC Bank, PNB and others- which bank offers highest rate?

For non-resident Indians, foreign currency non-resident bank fixed deposits remain a favored investment choice. With an uptick in interest rates for tenures ranging from three to five years, Punjab National Bank currently leads with an attractive 6.50% rate on select five-year deposits. Meanwhile, HDFC Bank and ICICI Bank also showcase…

The Economic Times · Aug 4

ICICI Securities initiates coverage on 7 PSU banks with positive valuations

ICICI Securities commenced its analysis on seven public sector banks, giving most a Buy rating. They predict a strong return on equity for these institutions leading up to fiscal year twenty twenty-eight. Loan growth should remain vigorous, estimated at fourteen to fifteen percent each year. While asset quality is likely…

The Economic Times · Aug 2

PNB to hold off on subsidiary monetisation, focus on value creation: MD Ashok Chandra

Punjab National Bank will not monetize subsidiaries soon, focusing on operational strengthening for future value. The bank's capital adequacy exceeds 18 percent, well above regulatory requirements. This strong capitalization means no market fund raising is planned for growth initiatives. PNB expects its net profit to surpass twenty thousand crore rupees…

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