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PNB to concentrate processing of big loans to 60 designated branches

Wednesday, July 4, 2018, 10:03 PM

Fraud-hit PNB has decided to designate 60 systematically important branches (SIB) to carry out all lending operations of above Rs.50 crore to ensure better checks and balances over large accounts. The bank will create these SIBs across the country as part of its credit restructuring exercise. "The bank is in the process of shifting most of the large accounts to SIBs," PNB said.