PNB slashes lending rate to 6.55%

New Delhi, September 17 State-owned Punjab National Bank (PNB) on Friday said it has slashed the repo-based lending rate by 25 basis points (bps) to 6.55%. “The repo-linked lending rate (RLLR) has been changed from 6.80% to 6.55%, with effect from September 17 (Friday),” PNB said in a regulatory filing….

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PNB cuts rate on home loan above Rs 50 lakh by 0.5 per cent; RLLR by 0.25 per cent

New Delhi, September 17 A day after SBI and Bank of Baroda announced festival season offer, Punjab National Bank on Friday slashed the interest rate on home loan above Rs 50 lakh by 0.50 per cent to 6.60 per cent. “In a series of offers launched by Punjab National Bank…

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Modi 2.0: From foreign policy highlights to women’s empowerment, how PM created milestones

Modi 2.0: From foreign policy highlights to women’s empowerment, how PM created milestones …

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Massive bank scam: CBI books private firm, others in Rs 1528 crore fraud case involving 16 banks

The consortium banks included Bank of India, Union Bank of India, Andhra Bank, Punjab & Sind Bank, Indian Overseas Bank, State Bank of Hyderabad, Central Bank of India, Corporation Bank, HDFC Bank Limited, Oriental Bank of Commerce, Saraswat Co-operative Bank, State Bank of Patiala, UCO Bank, Allahabad Bank, Standard Chartered…

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India, Singapore to link UPI, PayNow for instant fund transfer

Mumbai, September 14 India and Singapore will link their respective fast payment systems — Unified Payments Interface (UPI) and PayNow — to enable users to make instant, low-cost fund transfers on a reciprocal basis, the RBI said on Tuesday. “The UPI-PayNow linkage will enable users of each of the two…

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“Government Anti-National?” Raghuram Rajan On RSS Magazine’s Infosys Barb

Former RBI governor Raghuram Rajan today called “completely unproductive” the attacks on the private firms, like an RSS affiliated magazine’s recent terming of Infosys “anti-national”. He said anyone… Read More | Source: NDTV News…

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Wholesale inflation rises to 11.39% in August; manufactured items turn costlier, food prices soften

New Delhi, September 14 The wholesale price-based inflation rose marginally to 11.39 per cent in August, mainly due to costlier manufactured goods, even as food prices softened. Snapping the two-month easing trend, WPI inflation rose in August and remained in double-digit for the fifth consecutive month. In July 2021, WPI…

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UPI, PayNow Fast Payment Systems to Be Linked by India, Singapore

Reserve Bank of India (RBI) and the Monetary Authority of Singapore (MAS) have announced a project to link their fast payment systems — Unified Payments Interface (UPI) and PayNow. Read More | Source: Gadgets 360…

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Retail inflation dips to 5.3 per cent in August

New Delhi, September 13 Retail inflation fell marginally to 5.3 per cent in August mainly due to easing food prices, official data showed on Monday. The retail inflation based on the Consumer Price Index (CPI) was 5.59 per cent in July and 6.69 per cent in August 2020. According to…

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High earnings growth needed for market rally to sustain: Ajay Tyagi

At valuations higher than long-term averages, the markets need a constant dose of positive surprises, says UTI AMC’s Head-Equity Read More | Source: The Hindu Business Line…

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