Monday, October 19
Punjab National Bank (PNB), India's second-largest state-owned bank, is shifting its attention towards sectors such as renewable energy, defence, road infrastructure, engineering, and transmission. This strategic move aims to leverage the substantial pipeline of corporate loans exceeding Rs 1.3 lakh crore that the bank has lined up, The Times of India's Sidhartha reported on May 12.Ashok Chandra, the bank's Chief Executive and Managing Director, told ToI, "We are intensifying our concentration on three to four key sectors within the large corporate domain. Last year, we had a robust pipeline of corporate loans exceeding Rs 1.1 lakh crore that were approved but not disbursed, with an additional Rs 21,000 crore sanctioned in April."Chandra further noted that the effects of tariffs have been
