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Friday, December 16, 2011

PNB appointed lead bank for Pathankot and Fazilka

MUMBAI: The Reserve Bank assigned to state sector lender Punjab National Bank the responsibility of being the lead bank in newly created districts of Pathankot and Fazilka in Punjab.

"It has been decided to assign the lead bank responsibility of the two new districts viz Pathankot and Fazilka to Punjab National Bank," the Reserve Bank of India said in a statement.

The two new districts were created by the Punjab government in July this year.

While Pathankot was carved out of the Gurdaspur district, Fazilka has been carved out from the Ferozepur district.

"The lead bank responsibility of existing Gurdaspur district and Ferozepur district will continue to be with Punjab National Bank and Oriental Bank of Commerce, respectively," the RBI added.

Source: EconomicTimes


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