Punjab National Bank signs pact with SAIL to offer loans.
MOUs and Agreement
State-owned Punjab National Bank has signed a pact with Steel Authority of India to provide home loan, car loan and education loan to the latter's employees at concessional rates. This strategic partnership aims to enhance the financial well-being of Steel Authority of India Ltd (SAIL) employees while expanding PNB's customer base within the steel sector, Punjab National Bank (PNB) said in a statement on Thursday.
The MoU was signed in the presence of PNB Executive Director Bibhu Prasad Mahapatra.
Under the agreement, PNB will provide various types of loans to SAIL, which could include working capital loans, term loans, or other financial products.
About Punjab Natinal Bank,
Established : 19th May 1894
MD & CEO : Atul Kumar Goel
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