Neutral impactSector
Large banks raise FD rates by up to 50 bps; highest return at 7.55%
Economic Times 4 hrs ago·12 Nov 2026, 1:43 pm
Following the Reserve Bank of India's recent repo rate hike, several major banks, including Punjab National Bank (PNB), have increased their fixed deposit (FD) interest rates by up to 50 basis points. This move allows these lenders to offer higher returns to depositors, with some offering the highest rate at 7.55% on select tenures. The hike aims to help banks attract more deposits and manage their liquidity in a higher interest rate environment.
For investors, this development is significant as it improves the yield on fixed-income investments. PNB's decision to raise rates makes its term deposits more attractive compared to other savings options. This is particularly beneficial for risk-averse investors looking for stable returns. However, investors should compare the new rates with other banks to ensure they are getting the best value for their money.
Excerpt from Economic Times
Published On Nov 12, 2026 at 07:13 PM IST Large banks have raised fixed deposit (FD) interest rates on select tenures by up to 50 basis points following the Reserve Bank of India 's (RBI) October repo rate hike. HDFC Bank, Bank of Baroda, Canara Bank, Indian Overseas Bank and Indian Bank are among lenders that have…Read the original at Economic Times
Affected stocks
Neutral8 stocks
Punjab National Bank
PNB Neutral
₹141.79
IOB
IOB Neutral
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KOTAKBANK
KOTAKBANK Neutral
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BANKBARODA
BANKBARODA Neutral
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CANBK
CANBK Neutral
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INDIANB
INDIANB Neutral
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ICICIBANK
ICICIBANK Neutral
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AXISBANK
AXISBANK Neutral
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Bull / bear label is derived from the article's AI sentiment — indicative, not advice. Prices may be delayed.
Key takeaways
- Concerns Punjab National Bank (PNB).
- Category: Sector.
- Assessed as a significant, market-relevant update.
- Also mentions IOB, KOTAKBANK, BANKBARODA.
Why it matters
A meaningful update for Punjab National Bank worth tracking. Use the price and stock snapshot to gauge how the market is responding.
