Punjab National Bank signs MoU with REC

27 Sep 2023 Evaluate

Punjab National Bank (PNB) has signed memorandum of understanding (MoU) with REC to jointly explore the possibility to fund the Power Sector and Infrastructure and Logistics Sector projects under the consortium arrangement. REC and PNB will associate with each other to co-finance loans amounting to Rs 55,000 crore over the next three years.

PNB is one of the oldest banks in India having a virtual presence in every important center of the country. The Bank caters to a wide variety of audience through spectrum of services including corporate and personal banking, industrial finance, agricultural finance and international finance.


PNB Share Price

98.25 -0.35 (-0.35%)
15-Jan-2025 16:59 View Price Chart
Peers
Company Name CMP
SBI 754.00
Bank Of Baroda 221.95
Canara Bank 94.70
PNB 98.25
Union Bank Of India 106.05
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