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14-Feb2019

Punjab National Bank decides to e-auction 4,000 properties to recover loans

Punjab National Bank (PNB) has proposed to place more than 4,000 properties all over India on e-auction as part of its loan recovery effort.

According to the bank, the action under the Securitisation and Reconstruction of Financial Assets and Enforcement of Securities Interest Act (SARFAESI) will help in achieving the recovery of Rs 26,000 crore during current Financial Year 2018-19.

PNB is one of the oldest banks in India having a virtual presence in every important center of the country. The Bank caters to a wide variety of audience through spectrum of services including corporate and personal banking, industrial finance, agricultural finance and international finance.


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