The FinTech Hub
Source: Live Mint If you are planning to raise a floating rate loan such as home loan, it is vital to know the MCLR rates which the banks are currently charging. Banks typically link their rates to marginal cost of funds-based lending rates (or MCLR) which plays a key factor in determining interest rates for…
Source: Live Mint Punjab National Bank (PNB) on Monday reported a net profit of ₹4,303.5 crore in the quarter ended September 2024, recording a substantial growth of 145% from ₹1,756 crore, in the year-ago quarter. PNB’s net interest income (NII), or the difference between interest earned and interest paid, in Q2FY25 increased 6% to ₹10,517…
Source: Live Mint Before you invest in a fixed deposit, it is vital to compare the deposit rates offered by different banks. Here we list out the interest rates offered by different banks in both private and public sector. Meanwhile, it is important to note that depositors tend to opt for a financial institution with…
Source: Live Mint Indian stock market today: Indian stocks struggled once again to gain momentum, as significant declines in FMCG and realty stocks dragged the frontline indices to a flat close on Thursday, October 24. While banking stocks, particularly those from the public sector, provided some support to the market, they were insufficient to lift…
Source: Business Standard PNB, Punjab National Bank (Photo: Shutterstock) 2 min read Last Updated : Oct 09 2024 | 6:18 PM IST Punjab National Bank (PNB) has said that all electronic mandates (e-mandates) for its Rupay Debit Cards have to be registered again on relevant merchant platforms or websites. Click here to…
Source: Business Standard 4 min read Last Updated : Oct 04 2024 | 1:14 PM IST Public sector banks shine: Shares of public sector banks (PSBs) have rallied up to 4 per cent on the National Stock Exchange (NSE) in Friday’s intra-day trade after Bank of Baroda (BOB) reported steady provisional numbers for the July…
Source: Business Standard 4 min read Last Updated : Sep 09 2024 | 12:14 PM IST Shares of public sector banks (PSBs) are down for the second straight day, falling by up to 4 per cent on the National Stock Exchange (NSE) in Monday’s intra-day trade. Shares of PSBs extended their Friday’s decline after Goldman…
Source: Business Standard It processes transaction values of about Rs 100-200 crore every month. Credit cards on UPI record about Rs 10,000 crore a month. 2 min read Last Updated : Aug 22 2024 | 3:46 PM IST Fintech major PhonePe on Thursday announced the launch of a credit line on the Unified Payments…
Source: Business Standard 1 min read Last Updated : Sep 06 2024 | 2:16 PM IST Punjab National Bank (PNB) has inked a pact with Zomato and Blinkit, offering exclusive discounts to their credit cardholders. These offers aim to elevate the dining and food delivery experience for PNB customers, providing them with significant savings…
Source: Live Mint Prior to investing in a fixed deposit (FD), depositors tend to compare the interest rates offered by different banks so that they can choose one bank over the other. Typically, the rate of interest and the tenure of FD go hand in hand. This means the longer the FD tenure, the higher…
