 "Sunil Mehta, PNB MD & CEO")
Ruling out the possibility of inorganic expansion, Punjab National Bank (PNB) Managing Director Sunil Mehta said the bank is currently focussed on internal consolidation and making it financially healthy.
With Rs142 billion Nirav Modi episode getting out of scene, the bank is focussing on growth and recovery of bad loans, he told PTI. The bank has registered credit growth more than the industry average, and appreciating the pace of recovery, the government has decided to provide Rs 54.31 billion capital support.
"You are fully aware that financial services secretary has said that they are giving this capital (Rs54.31 billion) for growth.
