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Article: INDIA'S PNB SLASHES INTEREST RATES ON TERM DEPOSITS BY 25-50 BPS.
- Article from:
- AsiaPulse News
- Article date:
- November 6, 2009
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NEW DELHI, Nov 6 Asia Pulse - In view of surplus liquidity, state-run Punjab National Bank (BSE:532461) will reduce interest rates on fixed deposits by 25-50 basis points for select categories from November 9.
The revised rates would be applicable from November 9, PNB said in a statement on Thursday.
"The reduction in deposit rates is a part of effective liquidity management in the current ...