Punjab National Bank (PNB) has set a target of recovery to the tune of around Rs 20,000 crore from its non-performing assets (NPAs) in the first half of current financial year. Besides, the bank has set a target to recover around Rs 8,000 core in the first quarter.
The bank has already recovered around Rs 5,600 crore in the first two months of the FY19 from its other loan accounts gone bad.
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.
