PNB to foray in acquisition finance in third quarter: MD Chandra

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Punjab National Bank will enter acquisition finance in the third quarter of this financial year. The bank has already mobilized USD 425 million in FCNR(B) deposits. PNB aims to collect USD 2.5 billion in FCNR(B) deposits by September 30. The bank reported a significant jump in net profit for the June quarter. Acquisition finance offers ample opportunities within the banking system.

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PNB to foray in acquisition finance in third quarter: MD Chandra

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