Punjab National Bank sanctions loans worth Rs 1,791 crore across Northeast

 CM lauds Bank for signing MoU with 'Assam Bio Refinery'

GUWAHATI: Chief Minister Himanta Biswa Sarma, on Saturday, heaped praise on the PNB (Punjab National Bank) and its management for providing active banking support to the people of the State. In an event organized by the Bank to commemorate the culmination of a 'Mega Credit Camp' held by the Bank's NE Zone, Sarma expressed his satisfaction at the quality service offered by the Bank. Referring to the importance of inculcating a habit of loan repayment, the Chief Minister explained the basics of Banking for the audience in simple lucid terms.

Speaking on the occasion, Pramod Boro, CEM (Chief Executive Member), BTR (Bodoland Territorial Region) congratulated the PNB and also the Assam Bio-Refinery for signing the MoU (Memorandum of Understanding). He also talked about opportunities in the BTR for economic and industrial activities while shedding light on the new initiatives undertaken by the Council.

Continuing with the same spirit, Ch SS Mallikarjuna Rao, MD (Managing Director) & CEO (Chief Executive Member) of PNB assured the Chief Minister of the Bank's commitment to serving the people of the State.

SK Barua, MD (Managing Director) of Numaligarh Refinery Limited, spoke on the journey leading to the formation of the Assam Bio-Refinery -- a dream of the State to produce biofuel, ensuring livelihood for thousands of bamboo growers from Assam while boosting the economy of the State, stated a press release.

PNB's Guwahati Zone (NE) headed by Shio Shankar Singh, the General Manager and Zonal Head of NE Region mobilized a staggering Rs 1,791 crore worth of 'Bank Credit' in the form of various loan sanctions on the occasion of the 'Mega Credit Camp'.

Altogether 11,778 beneficiaries received sanctions against their loan proposals during this drive across the region.

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