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Punjab National Bank CEO Interview, Read what he said


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In a recent statement, Atul Kumar Goel, the Managing Director and Chief Executive Officer of Punjab National Bank (PNB), took steps to address the concerns surrounding the draft infrastructure guidelines that have been causing a stir in financial circles. With stakeholders expressing worries about the potential implications of the proposed regulations, Goel stressed the importance of remaining calm and assured the public that PNB is well-prepared to handle any upcoming changes.

Goel acknowledged the valid questions and concerns raised by stakeholders regarding the draft infrastructure guidelines. However, he emphasized that there is no need to panic. PNB is closely monitoring the situation and actively engaging with relevant authorities to understand the implications and ensure the continued strength of its operations.

“We have formed tie-ups with some of the institutions involved in the fracture finance like IREDA, REC and we are going to sign one more tie-up with another fracture finance company also. If a big project with a long period comes to them and they are not in a position to get the entire requirement then some of the part they can give to us.”

PNB’s commitment to providing uninterrupted services to its customers and supporting the development of critical infrastructure projects across the country was highlighted by Goel. He emphasized the significance of maintaining stability and confidence in the banking sector amidst the evolving regulatory landscape.

“We recognize the importance of infrastructure development for the growth of our economy,” Goel stated. “PNB remains dedicated to supporting these initiatives while ensuring compliance with regulatory requirements. Our customers can have full confidence in the fact that their interests are our top priority, and we will continue to provide them with the highest standards of service.”

The PNB CEO said that there is a lot of scope in the infrastructure finance segment in the country as it is firmly set on the target of being a developed nation. He cited the example of road projects from the normal toll collection to the Hybrid Annuity Mode (HAM) method and the subsequent reduction in delinquencies. “I do not foresee any challenge in the infrastructure for times to come,” he added.

This reassurance from PNB’s top executive comes at a time when the financial sector is grappling with uncertainties arising from proposed regulatory changes. Goel’s statement aims to instill confidence among stakeholders and alleviate concerns about the potential impact of the draft infrastructure guidelines on PNB’s operations and customers.

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