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PNB Warns 300 Bank Branches to Improve or Face Consequences
January 03, 2018
Acting on the branch rationalization plan with diligence, public sector Punjab National Bank (PNB) has brought about 300 branches under close scrutiny and warned them of a possible merger or even closure if they fail to bring improvements within a year, Sunil Mehta, PNB Managing Director said.
Mehta said that not every branch of PNB is under loss, and a few of them are actually marginally profit making.
PNB has about 7,000 branches in India and is going ahead with the branch rationalization proposal that was discussed with the finance ministry last month.
