Punjab National Bank cuts term deposit rates by 25-50 bps

Thu, Nov 5 07:38 PM

Punajb National Bank said on Thursday it has cut interest rates on some of its retail term deposits by 25 to 50 basis points, effective Nov 9.

The highest interest rate on its retail term deposits will now be 7 percent, it said in a statement.

(Reporting by Ketan Bondre; Editing by Sunil Nair)

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