The Reserve Bank of India has said that 250-basis point spread between the repo and the reverse repo rates reflects a heightened level of uncertainty in financial markets.
Kolkata-based Allahabad Bank has tied-up with Tata AIG Life for providing mortgage term loan facilities for housing loan customers of the bank.
The Punjab National Bank has opened a hockey academy in the campus of the Bright Scholars' School in Sonepat Punjab National Bank received approval from the Reserve Bank of India for opening representative office in Norway Punjab National Bank launched its seventh rural financial inclusion project in the same Tamar locality from where extremists had hijacked a van of ICICI Bank carrying 5.11 crore Punjab National Bank entered into an agreement with the American India Foundation, a not-for-profit organisation, to make credit facility available to NGOs working in the sphere of livelihood promotion and generation. State-run Punjab National Bank plans to open new branches in Shanghai and Norway, set up a subsidiary in Canada and a representative office in Singapore this fiscal Indians allowed remittance up to USD 100,000, per financial year, for any permitted current or capital account transactions Bangalore, Delhi and Mumbai are among the top 10 global offshore delivery centers ranked by IDC | 
