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Automobiles >  Auto Finance > Punjab National Bank
Punjab National Bank
Punjab National Bank, a renowned leader in the field of auto finance market in India, offers auto loan for new as well as old vehicles of not older than 3 years. Loans are also offered for purchase of vehicles of foreign/indigenous makes.
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Financial Products Marketing :Punjab National Bank
Division 5
Sansad Marg
New Delhi, DH, 110001
Phone : +91-11-23311164
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One of India's oldest NBFCs & one of the first to introduce used vehicle financing, located in Coimbatore; part of the Rs 1200 crore Sakthi conglomerate; offers a wide variety of loans for vehicles, financing, deposits, locker facilities etc
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The Standard Chartered Bank goes back to more than a century ago, and has today three business divisions - Consumer Banking, Corporate and Institutional Banking and Treasury. The Consumer Banking Division offers different loans which include auto loans.
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Is a one of the leaders in the auto finance segments in India. Recently it has slashed down its rate of interest for the new cars, which, in turn, has attracted a number of customers.
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/images/logos/local/th_sundharamfinance.jpgSundaram Finance
SF has been providing financial assistance to road transport operators for acquiring commercial vehicles under hire purchase system. SF diversified into equipment leasing in 1981.
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Susee group is a family owned and operated group of businesses primarily focussing on the sales, service, parts, finance of automobiles. Our business interests span dealerships, finance operations (a support for the sales of automobiles, two, three and four wheelers) and service infrastructure spread all over TamilNadu.
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PNB plans to raise up to Rs 5,000 cr from market to fund growth
Posted on 22nd September 2017
Punjab National Bank today said it plans to raise up to Rs 5,000 crore equity capital from the markets to fund growth.

The public sector bank however did not give any indication as to whether it would be raised by diluting government equity or issuing Additional Tier-1 (AT1) bonds. Read More


From October, PNB customers will have to shell out Rs 10 per transaction after 5 free ATM withdrawals
Posted on 11th September 2017
PNB customers will have to shell out money beginning October if they carry out more than five transactions a month from the bank's ATMs.

At present, account holders of the country's second largest public sector bank can make any number of transactions in a month, financial or non-financial, at the bank's ATMs without attracting any charge. Read More


PNB, BSNL join hands for mobile wallet Speedpay roll out
Posted on 9th September 2017
Punjab National Bank and state-run firm BSNL today teamed up to roll out open mobile wallet Speedpay across 10 states in the country. PNB’s Speedway wallet will operate like any other mobile wallet for paying bills, recharging phone besides its users will be able to deposit and withdraw money from authorised retail outlets. Also, Speedway users will be able to operate Internet banking services from the application. “India is now second largest market in the world with 120 crore mobile users. Congratulating BSNL, Punjab National Bank and the technology partners in helping India moving towards less cash economy,” Telecom minister Manoj Sinha said at an event to mark the agreement signing ceremony between BSNL and PNB. Read More

Punjab National Bank cuts MCLR, base rate by up to 0.25%
Posted on 31st August 2017
Punjab National Bank has cut marginal cost based lending rates by up to 0.25 per cent for select maturities, effective tomorrow. The state-owned lender has also slashed its base rate by 0.20 per cent to 9.15 per cent. “The bank has reduced marginal cost of funds based lending rate (MCLR) by 20-25 basis points with effect from September 1, 2017,” PNB said in a regulatory filing.

It has trimmed the MCLR by 0.25 per cent each for overnight to 7.75 per cent. Read More


NPA-ridden Punjab National Bank has outperformed the Sensex since January 2017
Posted on 21st August 2017
Punjab National Bank accounts for a staggering 13.2% of the total amount owed to public sector banks by wilful defaulters. As per PTI reports, the bank had 1,120 wilful defaulters having outstanding non-performing assets (NPAs) or bad loans of Rs 12,278 crore in FY 2016-17. These numbers may be jaw dropping, but that has not deterred the Punjab National Bank’s stock to post returns of 23% in the year so far. This is despite the recent correction which has caused the stock to shed more than 8% in the last one month. Read More
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