Business Standard

At least 5% of PNB's Rs 7.21 trillion loan book may be restructured

Majority of restructured loan accounts would belong to corporate segment, bank does not see large number of MSMEs going for loan revamp

Punjab National bank
Premium

Till date, the bank has allowed loan restructuring to the tune of Rs 1,300 crore for MSME accounts

Somesh Jha New Delhi
India’s second largest state-owned bank Punjab National Bank (PNB) is expecting at least five per cent of its loan book to undergo restructuring.

“In respect of loan book size, our rough estimate is that 5-6 per cent of the credit book may be eligible under the restructuring profile. But we will be able to get a better estimate by the end of September,” PNB managing director and chief executive officer SS Mallikarjuna Rao said in a press conference on Monday.

At the end of June, PNB’s loan book size stood at Rs 7.21 trillion. So, the bank expects loans worth

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Aug 24 2020 | 1:55 PM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on business-standard.com are available only to BS Premium subscribers.

Register to read more on Business-Standard.com