Punjab National  Bank (PNB) today signed a memorandum of understanding (MoU) with  IL&amp;FS to finance various industrial clusters in the country.


</p><tr><td><p class='TableClas'></p><P class='TableClas'><DIV CLASS=rightDiv><script language="JavaScript">
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		<script type="text/javascript" src="http://pagead2.googlesyndication.com/pagead/show_ads.js">
		</script> </DIV><p class='TableClas'>PNB will finance projects worth Rs 2,000 crore in this project. </P>
</p><p class='TableClas'>Initially 50 clusters will be taken up for consideration, with a financing of Rs 1,200 crore. This will be used to bridge infrastructure gaps for the industrial clusters for the SMEs. </P>
</p><p class='TableClas'>Speaking on the occassion, PNB chairman said, "Farm loan waiver will cost us rs 1,500 crore. Our deposit rates and interest rates will remain unchanged".&nbsp; <BR></P>
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Punjab National  Bank (PNB) today signed a memorandum of understanding (MoU) with  IL&FS to finance various industrial clusters in the country.

PNB signs MoU with IL&FS

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