Tag: PNB plans

PNB plans vertical to recover stressed assets

Faced with a multi-billion dollar fraud, along with the problem of non-performing assets (NPAs), state-run lending major Punjab National Bank (PNB) has decided to form a separate “vertical to deal with its stressed assets”. According to sources, the move is expected to aide the lender in effectively dealing with NPAs and increase possible recoveries. The …

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March 26, 2018