New Delhi, State-owned Punjab National Bank has signed an agreement with Steel Authority of India to provide home loans, car loans and education loans to its employees at concessional rates.

Punjab National Bank (PNB) said in a statement on Thursday that this strategic partnership aims to enhance the financial well-being of Steel Authority of India Limited (SAIL) employees while expanding PNB's customer base within the steel sector.

It said a memorandum of understanding (MoU) was signed by PNB General Manager – Business Acquisition and Relationship Management Division Sudhir Dalal, SAIL General Manager – Finance Lavika Jain and SAIL General Manager – HR Bikram Uppal.

The MoU was signed in the presence of PNB Executive Director Vibhu Prasad Mahapatra, PNB Chief General Manager Sunil Aggarwal, PNB General Manager Mohit Dhawan, SAIL Executive Director – Finance Praveen Nigam, SAIL Executive Director – HR BS Popli and other senior officials of both the organizations. Was signed. , it added.