Hyderabad/New Delhi, 26 September 2023: In a significant development aimed at bolstering the country’s economy and infrastructure, Punjab National Bank (PNB), nation’s leading public sector bank, has entered into a Memorandum of Understanding (MoU) with REC Ltd., a Maharatna company under the administrative control of the Ministry of Power and registered with RBI as a non-banking finance company (NBFC), Public Financial Institution (PFI) and Infrastructure Financing Company (IFC).
Through this MoU, PNB and REC Ltd. will work closely to identify and facilitate lending opportunities in sectors of paramount importance. Additionally, this collaboration emphasizes both brands’ commitment to the country’s economic growth and development.
The MoU was signed in the presence of Mr. Rajeeva, PNB Chief General Manager-Corporate Credit, and Mr. T.S.C. Bosh, REC Ltd Executive Director -BD&M/I&L, along with other senior officials from both organizations.
Advertisements
Next Story:
-
Asaduddin Owaisi Urges People To Participate In Caste Census
AIMIM President Asaduddin Owaisi urged the people to participate in the ongoing ‘caste census’ being taken up in the State.
-
Heavy Rains In Telangana For Next Three Days
The people of Telangana have been alerted because of moderate to heavy rains in the state for the next three days, according to the Indian Meteorological Department (IMD).
-
Abdul Hafeez From Telangana Elected As SIO India National President
Abdul Hafeez from Telangana was elected as the National President of the Students Islamic Organisation (SIO) of India.
-
Banks To Remain Closed On These Dates In December 2024
Banks will not function on 17 days in December on account of festivals, as well as on second and fourth Saturdays and all Sundays.
Now you can get the latest stories from Hydnow every day. Click the link to subscribe. Click to follow Hydnow’s Facebook page and Twitter and Instagram