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PNB cuts retail deposit rates to 7%

Published on Fri, Nov 06, 2009 at 09:51   |  Updated at Fri, Nov 06, 2009 at 10:38  |  Source : Reuters
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Punjab National Bank (PNB) said on Thursday it has cut interest rates on some of its retail term deposits by 25 to 50 basis points, effective November 9.

The highest interest rate on its retail term deposits will now be 7%, it said in a statement.(Reuters)

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