Punjab National Bank announces relief package for borrowers : 15th aug23 ~ E-Pao! Headlines

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Punjab National Bank announces relief package for borrowers
Source: The Sangai Express

Imphal, August 14 2023: In response to the ongoing crisis in Manipur, Punjab National Bank (PNB) has announced a comprehensive relief/ rehabilitation package for its loan borrowers affected by the present unrest in Manipur in line with the RBI's Direction, 2018, Chapter-VII Riots & Disturbances.

In a release, Assistant General Manager, PNB, Circle Office Imphal, informed that all the borrowers whose accounts have not turned NPA as on May 3, 2023 may apply for the relief package.

The relief package allows for a maximum moratorium or deferment period of 12 months.

Borrowers who qualify for the relief may be able to postpone their EMIs, interest payments, and/or installments up to 12 months.

The implementation period for the relief package is up to September 20, 2023 .

PNB loan borrowers willing to avail the package are requested to approach their home branches/ any nearby branch by August 31, 2023 for further details.

Final eligibility will be governed by fulfilment of all other terms & conditions and extant guidelines.

* This news is as published by respected news daily at Imphal, whose name is duly marked as 'Source'. E-Pao.net is not responsible for it's sanctity & originality.

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