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PNB, BoB raise lending rates by up to 25 bps
Wednesday, the Reserve Bank raised the benchmark policy rate by 25 basis points, bringing it to 6.5 percent. They did this because core inflation is still going up.
 
                  
Stocks to watch: Adani Group, LIC, L&T, Tech Mahindra, Inox, GAIL and more
Today's Stock Exchanges to Watch The circuit limitations for three Adani group businesses - Adani Total Gas, Adani Transmission, and Adani Green Energy - were reduced from 20% to 10% on Monday by the BSE and NSE.
 
                  
PNB Q3 Result: Net profit tanks 44% to Rs 628.8 crore
PNB Q3 results: A 40% increase in provisions in the December quarter drove down the lender's net earnings.
 
                  
Stocks to watch: SBI, Biocon, NDTV, PNB, PVR and more
After the minutes from the Fed's latest meeting held showed that the US central bank may pause the pace of interest rate hikes, the Sensex reached a new high on Thursday, driven by a surge in IT companies. The Sensex closed for the first time above 62,000. The larger Nifty50 index rose 1.2%.
 
                  
PNB hikes fixed deposit rates twice in a week
Earlier, the bank had assured an interest rate of 5.50% on fixed deposits maturing in over 1 year to 2 years.
 
                  
PNB raises interest rates on FDs by up to 20 BPS
The PNB website states that the new, higher interest rates will take effect on August 17, 2022.
 
                  
IRCTC added to the NSE’s list of 9 stocks subject to F&O restriction
The NSE has placed the derivative contracts in the stocks under the ban period since they have crossed 95% of the MWPL.
 
                  
HDFC Home Loans now available at 6.7% interest as a special festive offer
This new HDFC Home Loan offer will apply to all new loan applications irrespective of the loan amount or employment category.
 
                  
Punjab National Bank cuts savings deposits rate by 10 basis points to 2.90% from September 1
PNB has reduced savings deposit rates by 10 basis points to 2.90 per cent
 
                  
Tenure of UCO Bank’s MD, CEO extended for 2 years by government
The central government, through a notification dated August 26, extended the term of office of Atul Kumar Goel as UCO Bank's managing director and chief executive officer (MD & CEO), for a period of two years or until further orders, whichever is earlier, the bank added during a regulatory filing.
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