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PNB deposits rate would not change

Punjab National Bank (PNB) has no intentions to reduce deposit rates.

15 May 2008

Punjab National Bank (PNB) has no intentions to reduce deposit rates. The bank said it would meet its profit target for 2007-08. The Bank will announce its financial results for 2007-08 on Thursday.

The bank reports a net profit of Rs 1,800 crore to Rs 1,900 crore during 2007-08, that reflects a 20 per cent increase over the previous years.



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