PNB cuts interest rate by 0.50%, effective from June 9
New Delhi, June 7 (H.S.): After the Reserve Bank of India (RBI) cut the policy interest rate repo rate by 0.50 percent, the public sector Punjab National Bank (PNB) announced a reduction in interest rates by 50 basis points, i.e., 0.50 percent. This move by the bank will benefit both existing and new borrowers. The…