Punjab National Bank signs MOU with IndianOil for E-Dealer Financing

Nation’s leading public sector bank, Punjab National Bank (PNB), on February 10, 2021 signed a Memorandum of Understanding (MoU) with India Oil Corporation Ltd to cater to the financing needs of the IndianOil dealers. The MOU would benefit dealers with credit facilities at lower interest rates, Nil margin, and with minimum or zero collateral requirements through the PNB e-Dealer scheme. Speaking at the signing ceremony, Rajeev Puri, Chief General Manager, MSME Division, Punjab National Bank said, “This MoU is of special significance as Indian MSME sector is gearing up to serve the nation’s growing demand in the post pandemic times. PNB, with its offering of most diverse and customized bouquet of products, is looking forward to bringing value to the entire ecosystem of dealer inventor y financing starting with this best-in-classe Dealer Scheme with IndianOil. This first of its kind deal will pave way for future specialty financing products that PNB 2.0 look forward to unveil.”

BAMBOLIM: Making their chances count has been Chennaiyin FC's bane this Indian Super League season but they will get one final shot to remain in contention for a play-off spot when they take on FC Goa here on Saturday. If Chennaiyin lose against FC Goa, it will be curtains for the two-time champions. Even if they win, qualification for play-offs still depend on multiple permutations working in their favour.

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