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Punjab & Sind Bank decides to link all new floating rate to repo rate

Punjab & Sind Bank has decided to link all new Floating Rate Personal or Retail Loans and all Floating Rate Loans to Micro & Small Enterprises to External Benchmark i.e. Repo Rate. The new rates are effective from October 01, 2019.

Punjab & Sind Bank’s primary business is taking deposits, and making advances and investments, and is principally divided into retail banking, corporate banking, priority sector banking, treasury operations and other banking services such as agency functions for insurance, distribution of mutual funds and pension and tax collection services.

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