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PUBLIC SECTOR BANKS
PNB hikes rates on term deposits
In an apparent bid to retain market share in a competitive market for deposit mobilisation, Punjab National Bank (PNB) on Saturday hiked term deposit rates by 25 to 75 basis points on various maturities above 180 days. PNB had last increased ... More

Conflicting signals
The Finance Ministry's directive asking public sector banks (PSBs) to seek their board's approval for raising the prime lending rate (PLR) may well be termed a regressive move. After all, just two weeks ago, the Finance Minister, Mr P. ... More

INTEREST RATES
PLR hike: Banks in a fix
Ministry pushing for moderate interest regime More

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