Trendlyne Blog: , Latest on stock market and finance in India and the world.

06 Jun 2025

105.95

0.69%

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

800.05

0.58%

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

105.95

0.69%

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 is trading above all available SMAs

ICICI Bank Ltd.

06 Jun 2025

1425.80

0.12%

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 1310.9

Indian Energy Exchange Ltd.

06 Jun 2025

188.66

0.47%

May rains douse spot gas prices as power sector demand wanes

Business Line

India's energy consumption fell by 4 per cent year-on-year at 148.7 billion units during May 2025, as per the Indian Energy Exchange (IEX)

Indian Energy Exchange Ltd.'s price crossed above 200Day SMA today

HDFC Bank Ltd.

06 Jun 2025

1980.00

0.97%

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 an average target of 2195.60 from 10 brokers.

Punjab National Bank

06 Jun 2025

105.95

0.69%

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%

Number of FII/FPI investors decreased from 680 to 662 in Mar 2025 qtr

BSE Ltd.

06 Jun 2025

2787.90

0.08%

Stock market Holiday 2025: Are Indian exchanges NSE and BSE shut for Bakrid today?

Economic Times

Eid al-Adha, also known as Bakrid, will be celebrated in India on June 7, leading to closures for most public offices, schools, and banks on June 6. However, stock markets like NSE and BSE will remain open. The festival commemorates Prophet Ibrahim's faith. Upcoming stock market holidays in 2025 include Independence Day, Diwali, and Christmas.