In a move to protect customers from large value cheque frauds, Punjab National Bank (PNB) on Monday announced that it has made Positive Pay System (PPS) mandatory for the cheque of Rs 10 lakhs and above effective from April 4. As per the Positive Pay System (PPS) developed by the National Payments Corporation of India (NPCI), […]
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World Consumer Rights Day: PNB launches several initiatives for Improved Customer Service
World Consumer Day is celebrated every year on March 15 to mark the sovereignty and supremacy of the rights and needs of the consumers and highlights their unqualified claim to a fair and just treatment The underlying theme of this year is “Fair Digital Finance” and the Bank strives to […]
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PNB signs MoU with IndianOil for e-dealer financing
Punjab National Bank (PNB) has signed a memorandum of understanding with IndianOil Corporation to cater to the financing needs of dealers. The initiative will benefit IndianOil dealers with credit facilities at lower interest rates, nil margin, and with minimum or zero collateral requirements through the PNB e-Dealer scheme. PNB said its electronic dealer finance […]
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PNB faces another setback in UK court
The Punjab National Bank (International) lost again in the high court on Tuesday when chancellor Geoffrey Vos refused its appeal against a January ruling that dismissed its claim against nine defendants it had loaned $45 million for oil refining and energy generating projects in the United States. The bank made […]