Punjab National Bank (PNB) has inked a Memorandum of Understanding (MoU) with Engineering Export Promotion Council (EEPC) India, the premier body for merchant and SME exporters, to provide easy access to export finance to the exporting community. The bank would provide loans up to Rs 10 crore to the exporters within six to seven weeks after application at competitive rates.
PNB would also extend members of EEPC foreign currency loan facilities and provide advisory support to financing projects through its 200-odd authorized foreign exchange branches.
Punjab National Bank (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.
