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PNB Signs Pact with SAIL to Offer Concessional Loans to Employees


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State-owned Punjab National Bank (PNB) has entered into an agreement with the Steel Authority of India Ltd (SAIL) to provide home, car, and education loans to SAIL employees at concessional rates. This strategic partnership aims to enhance the financial well-being of SAIL employees while expanding PNB’s customer base within the steel sector, PNB announced in a statement on Thursday.

A Memorandum of Understanding (MoU) was signed by PNB General Manager Sudhir Dalal, SAIL General Manager of Finance Lavika Jain, and SAIL General Manager of HR Bikram Uppal.

The signing ceremony was attended by PNB Executive Director Bibhu Prasad Mahapatra, PNB Chief General Manager Sunil Agrawal, PNB General Manager Mohit Dhawan, SAIL Executive Director of Finance Praveen Nigam, SAIL Executive Director of HR B S Popli, and other senior officials from both organizations.

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