Punjab National Bank (PNB) is aiming about Rs 32,000 crore-worth recoveries from the resolution of bad loans in the current fiscal. The bank's total recovery during the first quarter was Rs 7,057 crore. The slippages were at Rs 6,468 crore during the same period. Besides, the bank is contemplating to increase interest rate on Foreign Currency Non-Resident (Bank) (FCNR(B)) deposits.
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.
