News & Analysis » India
PNB Raises Interest Rate On Retail Term Deposits
August 30, 2010, Monday, 15:43 GMT | 10:43 EST | 20:13 IST | 22:43 SGT
(RTTNews) - State-run lender Punjab National Bank on Monday informed that it has increased the rate of interest on retail term deposits by 25 basis points in select maturities of 180-270 days and one to less than two years.
The bank also launched two special deposit schemes namely (i) PNB DUGNA and (ii) PNB LAKHPATI effective from September 01, 2010 on special rates.
Shares of the bank are now trading up 0.38% at Rs.1,199 on the BSE, with about 14,000 shares changing hands.
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