Page 7 - Punjab & Sind Bank

Punjab & Sind Bank cuts MCLR by 20 basis points for various tenors

State-owned Punjab & Sind Bank (PSB) on Saturday said it has lowered its marginal cost of funds based lending rate (MCLR) by up to 0.20 per cent for various tenors. "Our bank has reviewed the marginal cost of fund based lending rate (MCLR) for different tenors and the same will be effective from 16.08.2019," Punjab & Sind Bank (PSB) said in a regulatory filing. The public sector bank has lowered the benchmark one-year MCLR to 8.50 per cent from 8.70 per cent earlier. Most of the consumer loans such as personal, auto and home are priced on the basis of the one-year MCLR. PSB has lowered MCLR on overnight, one-month, three-month and six-month duration loans by 0.15 per cent to 8.20 per cent, 8.30 per cent, 8.40 per cent and 8.50 per cent, respectively. It also reduced MCLR on three-year tenor loans by 0.5 per cent to 9.20 per cent. The rate cut follows an MCLR cut by the country's largest lender SBI post the RBI's decision to reduce the key interest rate (repo) by 0.35 ...

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After PNB, Punjab & Sind Bank detects Rs-238 cr fraud by Bhushan Power

Earlier this month, Punjab National Bank (PNB) said it had reported a borrowing fraud of Rs 3805 crore in Bhushan Power's account to the Reserve Bank of India

Punjab & Sind Bank pays Rs 53 crore dividend to govt

Total income, during the financial year increased to Rs 9,222.82 crore from Rs 9,017.30 crore

Punjab & Sind Bank's UP biz touches Rs 11,000 cr

Deposits and advances account for Rs 6,000 cr