The Engineering Export Promotion Council (EEPC) of India has signed an MoU with Punjab National Bank to provide easy access to finance for SMEs and merchant exporters of the council.
PNB will provide finance with assurance that loans up to Rs. 10 crore would be provided within six to seven weeks at competitive rates. As per the agreement, PNB would also extend foreign currency loan facilities and provide advisory support to EEPC India members.
Important Takeaways from Above News for IBPS PO Mains Exam-
- Sunil Mehta is the MD & CEO Of Punjab National Bank.
- PNB Headquarters in New Delhi.
Source- The Hindu Business Line