PNB raised interest rates on Fixed Deposits

Punjab National Bank, the 123 years old largest nationalized Bank, has achieved another milestone by crossing its total business of Rs.11 lac crore.  The Bank is committed to the service of the Nation, coupled with continued confidence and trust of its valuable customers.

The Bank has raised interest rates on fixed deposits of selected maturities by upto 1.25 percent effective 01st January, 2018.

PNB raised interest rates on Fixed Deposits
Sunil Mehta, CMD, PNB

The Bank has also announced New Year Bonanza whereby documentation and processing fees has been fully waived on Housing Loan, Car Loan and Two wheeler Loan. The Offer is available till 31st March, 2018.

The Capital Adequacy Ratio of the Bank is above 9 against requirement of 8.  In line with the rationalization call by the government, the bank is in the process of rationalization of some of its branches.   Ultimately, profit is now going to be the main focus of the Bank.

In the recent past, the bank shifted its corporate office to an iconic building at Dwarka New Delhi.  The inauguration of the new premises was done by Union Minister of Finance Arun Jaitley.    With its 7000 approximately. Branches spread all over the country and about 70000 employees and strong fundamentals, the bank is poised to reach new heights in the days to come.