PNB signs pact with SAIL to offer loans

New Delhi: Punjab National Bank (PNB), a leading state-owned financial institution, has recently entered into a strategic partnership with Steel Authority of India (SAIL) to offer a suite of financial products to SAIL employees at preferential rates. This agreement includes home loans, car loans, and education loans, all provided at concessional rates designed to support the financial well-being of SAIL's workforce.

The Memorandum of Understanding (MoU) formalizing this collaboration was signed by Sudhir Dalal, General Manager - Business Acquisition and Relationship Management Division of PNB; Lavika Jain, General Manager - Finance of SAIL; and Bikram Uppal, General Manager - HR of SAIL. The signing ceremony was witnessed by key dignitaries including Bibhu Prasad Mahapatra, Executive Director of PNB; Sunil Agrawal, Chief General Manager of PNB; Mohit Dhawan, General Manager of PNB; Praveen Nigam, Executive Director - Finance of SAIL; and B.S. Popli, Executive Director - HR of SAIL, along with other senior officials from both organizations.

This collaboration underscores PNB’s commitment to expanding its reach within the steel industry while simultaneously enhancing the financial support available to SAIL employees. The bank’s strategic move aims to build stronger relationships with SAIL and reinforce its presence in the sector, offering tailored financial solutions that meet the diverse needs of its employees.