Punjab National Bank

CII has proposed the structuring of a committee, to be headed by PM Manmohan Singh for solving the tussle between exporters and banks. Exporters were drawn into buying of derivative products that were of complex [...]

Banks have lowered the interest rates on bulk deposits together with fixing the maximum rate for one-year maturity at 7.5%. The value has already seen a decrease from 9.5% to 8.5%, on January 1. Some [...]

Infosys, on Tuesday provided details on the avenues where it has put its excess cash into. The strategy being followed is a ‘conservative’ one as a major chunk has been parked in state-run banks. By [...]

Punjab National Bank, the second largest public sector lender of the country, is considering rationalizing its workforce strength and will reduce the number of employees by 28000 from existing 58000, in the coming six years. [...]

Commerce Minister in an announcement today declared 26 measures with a view to promote the export sector of the country, and also slashed the export target for the 2008-09 fiscal to $175 billion as compared [...]

The government today approved the development fee on passengers traveling out of Mumbai airport. A development fee of Rs 100 for domestic flights and Rs 600 for international flights will be charged per passenger. The [...]

According to sources, the Income Tax Department has approached the Bombay High Court for recovering Rs 500 crore from a number of BSE brokers, who have managed to knowingly avoid the payment of income tax [...]

National Agricultural Cooperative Marketing Federation (NAFED), a cooperative major is thinking on throwing from its various warehouses in Maharashtra, about 53,201 cotton bales. The organization has so far brought in 6 tenders for the different [...]

Punjab National Bank, India’s second largest state-run bank, has announced a stake sale of 26 percent of its housing arm PNB Housing Finance (PNBHFL) to US-based Destimoney Enterprises which was earlier known as Dawnay Day. [...]