Punjab National Bank aims for a substantial Rs 16,000 crore recovery in the current fiscal year, striving to maintain slippages below 1%. The bank will focus on technical write-off accounts, targeting Rs 6,000 crore in recovery from this segment. PNB also plans to expand its RAM sector lending to 58% of its loan book to offset interest rate reduction impacts.
from Banking/Finance-Industry-Economic Times https://ift.tt/NyCVwRE
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