Punjab National Bank (PNB) has tied-up with Action Construction Equipment (ACE) for financing of farm machinery through the bank’s branch network across the country. This tie-up will enable PNB to facilitate the availability of quality farm machinery equipment to its huge farmer base at very low rate of interest of 9.20% per annum. A memorandum of understanding (MoU) was signed between two companies.
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.
