Punjab National Bank (PNB) Current Affairs - 2019

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RBI to designated six bas as Systemically Important Banks (SIBs)

The Reserve Bank of India will designate at least six banks as Systemically Important Banks (SIBs), for the domestic financial market which will need to have higher capital than other banks to prevent the financial system from collapsing in the event of a crisis. The central bank would now work on identifying these banks which Read More…

Month:  Categories: Business, Economy & Banking

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RuPay, India’s indigenous card payment network launched

Rupay, India’s own payment gateway was launched to compete with networks such as Visa and Mastercard. The indigenous network will work on ATMs and merchant outlets and help in bringing down cash transactions. The RuPay is a blend of two terms — ‘Rupee’ and ‘Payment’. It has been developed by the National Payments Corporation of Read More…

Month:  Categories: Business, Economy & Banking

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PNB opens first hi-tech branch of Punjab in Kharar

Punjab National Bank (PNB) which is India’s second-largest bank opened its first hi-tech branch at Kharar, Punjab. Salient features of the first hi-tech branch The self-services system of the branch would provide all services to all the customers from 7am to 11pm daily. This would be done through automated machines for cash deposit, cheque deposit, Read More…

Month:  Categories: Business, Economy & Banking

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