Bank Nifty News and Updates

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Canara Bank

07 Jun 2025

114.87

1.06%

Short Take: Indian Bank & Canara Bank F&O adjustments for dividend

Business Line

Indian Bank (634.05) has announced an interim dividend of 16.25. Canara Bank (115.71) announced a dividend of 4.

Canara Bank has gained 23.22% in the last 6 Months

Punjab National Bank

06 Jun 2025

112.24

1.37%

PNB cuts lending rate to 50 basis point in line with RBI's policy

Business Standard

Hours after RBI's jumbo rate cut, state-owned Punjab National Bank (PNB) on Friday announced up to 50 basis points reduction in lending rate, a move which will help existing and new borrowers. Other banks are also expected to make similar announcements soon. "Great News for Our Valued Customers! Punjab National Bank Makes Your EMIs More Affordable! Following the repo rate cut (6.00% - 5.50%), Punjab National Bank has reduced its RLLR by 50 bps, effective from June 9, 2025," PNB said in a post on X. With the reduction in the benchmark repo-linked benchmark lending rates (RBLR), the home loan of the bank will start from 7.45 per cent while vehicle loans from 7.8 per cent per annum. Earlier in the day, the Reserve Bank of India (RBI) cut interest rates by a larger-than-expected 50 basis points, and unexpectedly reduced the cash reserve ratio for banks to make available more money to lend in a bid to boost the economy. The RBI's six-member monetary policy committee, headed by Governor

Punjab National Bank has an average target of 132.40 from 5 brokers.

State Bank of India

06 Jun 2025

816.45

0.94%

Broker's call: Hi-Tech Pipes (Buy)

Business Line

SBI Securities

Number of FII/FPI investors decreased from 1346 to 1317 in Mar 2025 qtr

Punjab National Bank

06 Jun 2025

112.24

1.37%

PNB Cuts Repo-Linked Lending Rate To 8.35%

NDTV Profit

The marginal cost of lending rate and base rate will remain unchanged, says Punjab National Bank.

Punjab National Bank has an average target of 132.40 from 5 brokers.

ICICI Bank Ltd.

06 Jun 2025

1430.80

0.55%

ICICI Bank official siphons 4.58 cr, loses it after investing in stocks

Business Standard

The accused accessed more than 110 accounts linked to 41 customers and redirected funds into stock investments, incurring heavy losses

ICICI Bank Ltd. is trading above its 200 day SMA of 1323.0

HDFC Bank Ltd.

06 Jun 2025

1995.50

0.63%

HDFC Bank UPI services to be down for 4 hours on June 8: What to know

Business Standard

Customers should plan payments and transactions to avoid inconvenience, says lender

HDFC Bank Ltd. has gained 21.19% in the last 6 Months

Punjab National Bank

06 Jun 2025

112.24

1.37%

Punjab National Bank slashes EV loan rates to 8.30% to drive green mobility

Business Standard

Financing: PNB's s Solar Rooftop Scheme offers financing of up to 10 kW for solar power systems with nil processing/documentation charges, attractive interest rates starting from 6.50%