TBB BUREAU NEW DELHI, DEC 7, 2023 In adherence to the Reserve Bank of India (RBI) guidelines, the Punjab National Bank (PNB) has asked its customers to update their Know Your Customer (KYC) information before December 18, 2023 to ensure smooth functioning of their accounts. This is applicable only for those customers whose accounts were due for KYC updation as ...

TBB BUREAU NEW DELHI, DEC 01, 2023 Punjab National Bank (PNB) felicitated its Hockey Team players – Shamsher Singh (Tokyo Olympic 2020 Bronze Medalist & Commonwealth Games 2022 Silver Medalist), Abhishek (Commonwealth Games 2022 Silver Medalist) and Sukhjeet Singh – who are part of the Indian National Team, for their notable contributions during the recently held Asian Games 2022 in ...

TBB BUREAU NEW DELHI, SEPT 6, 2023 Punjab National Bank (PNB) has increased the interest rates on Domestic (Callable & Non-Callable) and NRO Term Deposit (Callable) by 25bps. These rates are applicable on deposits of Rs 2 crore to Rs 10 crore for the tenor of 271 days to less than one-year w.e.f. 01 September 2023. On Domestic Term Deposits ...

TBB BUREAU NEW DELHI, AUGUST 22, 2023 On World Senior Citizen’s Day, Punjab National Bank (PNB) introduced the “Pensioner’s Lounge”, a dedicated space within the branch that serves pensioners and senior citizens with all their banking needs. As part of the celebration, the bank honoured pensioners for their accomplishments and contributions to the society at its Bhikaji Cama Place branch ...

TBB BUREAU NEW DELHI, AUG 18, 2023 In a strategic move to strengthen its partnership, Punjab National Bank (PNB) has signed a Memorandum of Understanding (MoU) with Tata Motors Finance Solutions Limited (TMFSL) for co-sourcing of commercial vehicles. The co-sourcing arrangement will provide simple and seamless financing solutions to fleet owners and commercial vehicle operators, while expanding and scaling MSME ...

TBB BUREAUNEW DELHI, MAR 3, 2023In a move to safeguard customers from fraudulent payment of cheques, state-owned Punjab National Bank (PNB) has made the Positive Pay System (PPS) compulsory for cheque payments worth Rs 5 lakh and above.This will come into effect from April 5, 2023, PNB said in a statement.Earlier, the mandatory submission of cheque details in PPS was ...

TBB BUREAU NEW DELHI, JULY 14, 2022 Punjab National Bank (PNB) join​s the Account Aggregator (AA) Ecosystem and ​goes live on the Ecosystem as both Financial Information User (FIU) and Financial Information Provider (FIP). The Account Aggregator Ecosystem which went live in September 2021 has seen active participation from private and public sector banks in the country. Punjab National Bank is the second ...

TBB BUREAU NEW DELHI, JUNE 17, 2022 In a move to protect the bank customers from high-value cheque frauds, Punjab National Bank (PNB) on Friday urged them to submit the details about such cheques at least a day before clearance under the Positive Pay System (PPS) framework. Punjab National Bank (PNB) implemented the Positive Pay Confirmation from April 4, 2022 ...

TBB BUREAU NEW DELHI, OCT 26, 2021 Punjab National Bank (PNB) today announced the appointment of Kalyan Kumar as Executive Director. He is appointed on the Board of the Bank under Banking Companies Act, 1970 for a period of three years with effect from the date of assumption of office, or until further orders, whichever is earlier. He has over ...

TBB BUREAU NEW DELHI, SEPT 15, 2021 Punjab National Bank (PNB), India’s leading public sector bank, won the ‘Rajbhasha Kirti Puraskar’ for the fourth time in a row. The Ministry of Home Affairs confers this award every year to banks for promoting the official language Hindi. The award was presented by Union Home Minister Amit Shah to PNB MD & ...