Punjab National Bank (PNB) has signed a memorandum of understanding (MoU) Indian Oil Corporation (IOC) to provide up to Rs 2 crore to the oil company's dealers. The MoU would benefit dealers with credit facilities at lower interest rates, nil margin, and with minimum or zero collateral requirements through the PNB e-Dealer scheme.
Understanding the financial requirements and providing ease of banking services, PNB electronic dealer finance scheme is a tailormade credit lending product crafted for the Indian Oil dealers. The loan can be availed maximum up to Rs 2 crore with zero-margin.
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.
Company Name | CMP |
---|---|
SBI | 744.80 |
Bank Of Baroda | 259.15 |
PNB | 129.55 |
Canara Bank | 583.55 |
Union Bank Of India | 143.00 |
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