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Punjab National Bank reported a net profit of Rs.549 crore in the second quarter of the current fiscal, a fall of 11% from the Rs 621 crore profit recorded in the corresponding year-ago period.
Reliance Industries partners are considering joining the arbitration that the Mukesh Ambani-run firm is planning to initiate against the government for slapping a $1.55 billion demand for “unfairly enriching” by producing natural gas belonging to Oil and Natural Gas Corp, as per media reports.
Bank of Baroda reduced the marginal cost of fund (MCLR) based interest rates by 10 basis points across different tenors with effect from 7 November.
Shares of PNB Housing Financeis going to list on bourses today.
Union Bank of India reported its net profit at Rs 177 crore in the September quarter, down 73% from Rs 658 crore posted a year ago, on account of a massive rise in provisions for bad loans.