PNB to sell NPAs worth up to Rs 5,000 crore to ARCs, eyes 50% minimum recovery; sets Rs 30 lakh crore business target
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Punjab National Bank aims to sell over 100 NPA accounts to ARCs, targeting recoveries of 40-50% and a total business of Rs 30 lakh crore by FY26. The bank is focusing on profitable growth, aiming for 11-12% credit growth and 9-10% deposit growth, while streamlining corporate lending and boosting MSME and agriculture sectors. What's Your Reaction?
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