News for Punjab National Bank (PNB.NS)

The Nifty Bank index closed 0.67 per cent down at 56082.55.

The Nifty Bank index closed 0.3 per cent down at 56459.75.

Cabinet Secretary TV Somanathan will convene a meeting next week to address the financial woes of MTNL, which faces significant loan defaults totaling ₹8,346 crore to state-run banks. The meeting aims to devise a revival strategy, focusing on asset monetization and potential business model adjustments, while exploring short-term measures to tackle immediate loan defaults and long-term solutions for minimizing losses.

The Nifty Bank index was trading 0.38 per cent down at 56622.85.

The Nifty Bank index closed 0.46 per cent up at 56839.6.

The Nifty Bank index was trading 0.68 per cent up at 56963.45.

The rate cut cycle - kicked off early this year - will continue for some time. There is no denying the fact that this will lead to lower interest rates on home loans,

The Nifty Bank index was trading 0.11 per cent down at 55539.45.

Indias banking sector saw a mixed Q4FY25, with private banks lagging and small/mid-sized banks outperforming. ICICI and HDFC Bank posted healthy profits, while SBI and Kotak disappointed. Public sector banks reported strong PAT growth. Analysts expect double-digit earnings growth in FY26, with multiple brokerage buy calls on leading banks.

The Nifty Bank index closed 0.28 per cent up at 55903.4.

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The Financial Services Institutions Bureau (FSIB) has recommended the appointment of Asheesh Pandey and Kalyan Kumar as the MD & CEO of Union Bank of India (UBI) and and Kalyan Kumar as MD and CEO of Central Bank of India

The Nifty Bank index was trading 0.15 per cent down at 55462.35.

The Nifty Bank index was trading 0.01 per cent down at 55348.25.

The Nifty Bank index closed 0.39 per cent down at 55352.8.

The Nifty Bank index was trading 0.29 per cent up at 55558.15.

The Nifty Bank index was trading 0.6 per cent up at 55729.8.

Several banks in India are offering competitive interest rates on vehicle loans, with slightly lower rates for electric vehicles to promote eco-friendly transportation. Among public sector banks, Indian Overseas Bank offers interest rates starting from 8.15% for electric vehicles and 8.35% for non-electric ones.

The Nifty Bank index closed 0.24 per cent down at 54941.3.