Punjab National Bank (PNB) has launched two special deposit schemes – PNB Dugna and PNB Lakhpati. According to bank sources these schemes have been launched on the demand from the customers.
Thus, the bank has revised its domestic deposit rates. It has raised the rates by 25 basis points (bps) for contractual maturity from 9 to 10 years, whereas the peak rate offered has been increased from 7.50% to 7.75%.
In the Sensex PNB has outperformed over the past one month till Aug. 30, 2010, it has gained a rise of 11.31% compared with the Sensex`s 0.92% rise. In past one quarter it has gained rise of 21.03% as against 6.93% rise in the Sensex.
