Which bank has sanctioned a loan Rs 689 crore to over 1,600 Micro, Small and Medium Enterprises (MSMEs)?
Options
A. Union Bank of India
B. Axis Bank
C. Punjab National Bank
D. Bank of Baroda
Correct Answer
Punjab National Bank
Explanation
State-owned Punjab National Bank (PNB) has sanctioned loans worth Rs 689 crore to over 1,600 Micro, Small and Medium Enterprises (MSMEs) through the psbloansin59minutes.com portal as part of its effort to promote such industries. Under the Mudra Yojana, the bank has offered loan to over 2.69 lakh small entrepreneurs this fiscal (till February 14, 2019).
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