Guwahati: Second largest public sector lender Punjab National Bank would open branches in all the district headquarters of the seven states in the North-East.
PNB deputy general manager, Satish Kalra told reporters here today: “To further strengthen our presence in the region, the bank is penetrating the untapped market through strong focus on inclusive banking and technology.”
The bank was also planning to have door-step services for its customers and make its presence felt in almost all the villages of the region, he added.
He also said local youths would be given preference in employment by the bank.
The bank is providing loans at the cheapest rate, Kalra said.
The bank had recently signed an agreement with the Assam government for giving easy housing loans to its employees, besides other loans.
PNB had a good credit-deposit ratio of about 51% in the North-East region, while its loan recovery rate was 13% compared to the all-India figure of 4%