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Punjab National Bank hit by demonetization

Punjab National Bank hit by demonetization

Thursday, February 9, 2017, 12:32 PM

Demonetization has hit the Punjab National Bank headquartered at New Delhi. Loans which are worth between INR 8,000 Crores and INR 10,000 Crores which were serviced regularly, have turned into special mention accounts 2. These are accounts on which repayments are overdue for between 61 days to 90 days. Total value of these SMA2 accounts at the end of December was INR 19,000 Crores.
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