Punjab National Bank (PNB) has purchased 1.8 crore shares of proposed National Asset Reconstruction Company (NARCL). NARCL is yet to become operational. It will take over the bad assets of the banks in its own account for speedy resolution of such assets.
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.
