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Thursday, Feb 02, 2006


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Money & Banking - Public Sector Banks

PNB disburses retail loans at Malappuram

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KOCHI: Punjab National Bank has disbursed retail loans amounting to Rs 323 lakh to 109 beneficiaries at the retail credit camp conducted at Malappuram on Wednesday.

Mr B.K. Jayaprakasham, Regional Manager, Kozhikode, said these type of retain lending camps would benefit the middle and the lower middle classes to improve their standard of living.

The bank is in the process of opening two new branches in Malappuram district at Parappanangadi and Chelari shortly, he added. Mr Shanmugham, Manager, Wandoor branch, welcomed the gathering and Mr Joseph, Manager, Malappuram branch, extended vote of thanks.

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