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Punjab National Bank Signed MoU with SAIL to Offer Loans

Published on July 15, 2024
Current Context: Punjab National Bank (PNB) has entered into a Memorandum of Understanding (MoU) with the Steel Authority of India Limited (SAIL) to offer concessional loans to SAIL employees on 11th July 2024 in New Delhi.
Punjab National Bank Signed MoU with SAIL to Offer Loans
  • Key Points of the Partnership:
    • Loan Types: The partnership will provide home loans, car loans, and education loans to SAIL employees at special rates.
    • Benefits: This collaboration aims to improve the financial well-being of SAIL employees while expanding PNB's customer base within the steel sector.
    • Terms: The specific terms and conditions of the loans, including interest rates and repayment options, will be detailed in the loan agreements.

Question:

1 Which organization has entered into a MoU with PNB to provide concessional loans to its employees?

  • A) Bharat Heavy Electricals Limited (BHEL)
  • B) National Thermal Power Corporation (NTPC)
  • C) Steel Authority of India Limited (SAIL)
  • D) Oil and Natural Gas Corporation (ONGC)
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