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CGTMSE: MSE loan guarantees jump 14% to over 7 lakh in FY22

Credit and Finance for MSMEs: To further improve credit flow to small businesses, Finance Minister Nirmala Sitharaman in the budget had…

Updated: April 21, 2022 16:19 IST

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‘NIM will improve by 10–15 bps by Q4,’ says Ashok Chandra, MD & CEO, Punjab National Bank

Business36 min ago

PNB’s MD & CEO, Ashok Chandra, expects a 10-15 bps NIM improvement by Q4, driven by green shoots in private capex and margin recovery. The bank anticipates minimal impact from ECL norms and sees GST cuts driving retail and MSME lending. PNB’s recoveries have outpaced slippages for 6-7 quarters, leading to a strong recovery of Rs 3,900 crore. The bank’s subsidiaries are also performing well

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