Nov 08, 2013, 04.42 PM IST
Further, term deposits in the maturity bucket of 91 days to 179 days would attract an interest rate of 7 percent, up from 6.75 percent. In case of maturity period of one year and above up to 10 years, uniform interest rates of 9 per cent shall be applicable.
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PNB raises FD rates by up to 0.50%
Further, term deposits in the maturity bucket of 91 days to 179 days would attract an interest rate of 7 percent, up from 6.75 percent. In case of maturity period of one year and above up to 10 years, uniform interest rates of 9 per cent shall be applicable.
Like this story, share it with millions of investors on M3
PNB raises FD rates by up to 0.50%
Further, term deposits in the maturity bucket of 91 days to 179 days would attract an interest rate of 7 percent, up from 6.75 percent. In case of maturity period of one year and above up to 10 years, uniform interest rates of 9 per cent shall be applicable.
Further, term deposits in the maturity bucket of 91 days to 179 days would attract an interest rate of 7 percent, up from 6.75 percent. In case of maturity period of one year and above up to 10 years, uniform interest rates of 9 percent shall be applicable, PNB said.
Also Read: Consolidation complete; will return to growth strategy, says PNB
For NRE term deposits between one year to less than three years maturity, the interest rate has been revised to 9 percent, up from 8.75 percent. However, for domestic term deposits for amount between Rs 1 and Rs 10 crore the interest rate has been lowered to 8 percent, from from 8.25 percent for maturity period of 180 days to 270 days.
Earlier this week, private sector Axis Bank had revised the interest rates on select maturities for fixed deposits of less than Rs 1 crore. In two buckets there was an upward revision of 0.25 percent and in 9 buckets a downward revision of 0.25 percent by the bank. The rate revision by various lenders comes after the Reserve Bank hiked interest rates by 0.25 percent in its monetary policy on October 29. Following this, country's largest lender State Bank of India (SBI) and HDFC Bank hiked their base rate or the minimum lending rate by 0.20 percent to 10 percent.
PNB stock price
On November 08, 2013, Punjab National Bank closed at Rs 522.05, down Rs 22.95, or 4.21 percent. The 52-week high of the share was Rs 922.10 and the 52-week low was Rs 402.20.
The company's trailing 12-month (TTM) EPS was at Rs 135.15 per share as per the quarter ended June 2013. The stock's price-to-earnings (P/E) ratio was 3.86. The latest book value of the company is Rs 924.45 per share. At current value, the price-to-book value of the company is 0.56.
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