Punjab National Bank (PNB) has received approval from board of directors to divest entire stake in India SME Asset Reconstruction Company (ISARC). ISARC has been incorporated on April 11, 2008 as an Asset Reconstruction Company (ARC).
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.