Pnb To Invest Rs 300 Crore In Uttaranchal

Setting a business target of Rs 400 crore for March 2004, the Punjab National Bank (PNB), with a network of 127 branches spread in Uttaranchal, plans to invest Rs 300 crore in terms of loans this year in the agriculture, industrial and retail lending sectors in the state.

Stating that its business in the state had reached Rs 3,200 crore, PNB, whose bank deposit share increased to 18.89 per cent as on March 2003 from 16.84 per cent in the previous year, said it would invest Rs 120 crore alone in retail lending mainly in housing, car and personal loans.

 

In the agriculture sector, the bank would invest Rs 115 crore mainly in kisan credit cards, farm machinisation and tractor loans, Keshav Aggarwal, zonal manager of the bank, told Business Standard.