News About Punjab National Bank

PNB Makes INR 1500 Cr Through Private Placement:

Punjab National Bank (PNB) has notified BSE that regarding Board and its supervisory authorizations, the lender has managed to raise up to INR 1500 crore Tier-2 (in compliance with Basel III) resource bonds at a yearly voucher of 8.65 percent based on private placement. 

Upcoming Launch of Unified Payments Interface (UPI)

We are moving steadily towards a cashless economy. We are already quite familiar with the notion of digital money. Keeping aside the pros and cons of this paradigm shift, Indian Financial System sees this as a good sign with solid support from the Government. In a recent discussion with Limit, Mr. A P Hota, CEO and MD of National Payments Corporation of India (NPCI) stated they expect the Unified Payments Interface (UPI) to go live in April this fiscal.

More about Internet Banking and Fund Transaction

I raised a question regarding Fund Transaction. What is Required for Fund Transaction using Internet Banking?

We got 100% correct answer, i.e. IFSC Code.