State-owned Punjab National Bank (PNB) has sanctioned loans worth Rs 689 crore to over 1,600 Micro, Small and Medium Enterprises (MSMEs) through the psbloansin59minutes.com portal as part of its effort to promote such industries. Under the Mudra Yojana, the bank has offered loan to over 2.69 lakh small entrepreneurs this fiscal (till February 14, 2019).
Source- The Economic Times
Static/Current Takeaways Important For LIC AAO Mains Exam:
- PNB Headquarters in: New Delhi, CEO: Sunil Mehta.