New Delhi: Punjab National Bank (PNB) is expected to have a major recovery of Rs 10 thousand crore in the fourth quarter of the current financial year. It is expected to meet about Rs 6,000 crore solutions from accounts such as Essar Steel and Bhushan Power. On behalf of the bank's subsidiaries, plans to sell the shares and on many other issues, media journalist Brajesh Kumar, from Punjab National Bank's MD & CEO Sunil Mehta, has a special dialogue. During this, he also discussed about the bank's upcoming strategy.
Bids for PNB Housing
On asking about PNB Housing, he said that bids have been received for PNB Housing Finance. The dialects are being considered and expected to be decided by this by the end of this month. When asked about selling stake in PNB Mate Life, he said that it is time to sell its stake right now. Due to the slowdown of the stock market, IPO of PNB Mate Life will take time to market.
During this time, he said that in this quarter, about three thousand crore from Bhushan Power and Essar Steel is expected to raise Rs. 3000 crore. Thus, in the fourth quarter, the bank is expected to get a total recovery of Rs 10 thousand crore. This will strengthen the bank. He said that discussions on the exchanges on the retail loan are ongoing. There will be decisions in the coming time. Bank rates are decreasing, the benefits of transmission are also being given.
Bids for PNB Housing
On asking about PNB Housing, he said that bids have been received for PNB Housing Finance. The dialects are being considered and expected to be decided by this by the end of this month. When asked about selling stake in PNB Mate Life, he said that it is time to sell its stake right now. Due to the slowdown of the stock market, IPO of PNB Mate Life will take time to market.
During this time, he said that in this quarter, about three thousand crore from Bhushan Power and Essar Steel is expected to raise Rs. 3000 crore. Thus, in the fourth quarter, the bank is expected to get a total recovery of Rs 10 thousand crore. This will strengthen the bank. He said that discussions on the exchanges on the retail loan are ongoing. There will be decisions in the coming time. Bank rates are decreasing, the benefits of transmission are also being given.
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