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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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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India to Take Distinctive Approach Toward Cryptocurrencies, Not Like the US or El Salvador

The government will not follow the footsteps of its western counterparts and will take a distinctive approach to regulate cryptocurrencies in India, Chairman of the Parliamentary Standing Committee on Finance Jayant Sinha said during an online event. Stakeholders including cryptocurrency exchanges such as WazirX and CoinSwitch Kuber have agreed to…

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Bond bull in India says factious RBI is no reason to flee market

Investors shouldn’t worry about surprise losses and can keep their positions for now, as record low rates and an abundance of cash should help eke out more profit in coming quarters, says Ashish Parthasarathy, treasurer at HDFC Bank Read More | Source: The Hindu Business Line…

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India’s liquidity-driven stock market rally to dry out next year

Despite pandemic slumps, the BSE Sensex Index has surged nearly 120% from a record low of 25,638.9 hit in late March last year Read More | Source: The Hindu Business Line…

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Sensex weakens 215 points, Nifty slips below 16,300 as RBI raises inflation concern

Market witnessed correction on Friday after benchmark indices ended lower post three consecutive days of record highs.Domestic equities remained range Read More | Source: The Hindu Business Line…

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