6900 loan recovery cells set up by PNB
Beeps By | Jun 25 2018

The Punjab National Bank has set up loan recovery cells in each of its 6900 branches deploying 25,000 employees to recover bad loans due to the fraud involving Nirav Modi. It has also created a Stressed Asset vertical at its central headquarters, with four general managers tasked with fast-tracking the recovery of Non-Performing Assets (NPAs).

Related Link:$2-billion-fraud:-internal-probe/6

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