PNB -Credit Card Enterprise to get a fresh pressure from November

State Lender Punjab National Bank (PNB) intends to give a new pressure on its credit card operations from November, because it expects the revamped IT infrastructure to be in place by that time. “PNB credit card is not visible in the market, although the features are in line with any other map in the market. Therefore, we strengthened the credit card department and put a general manager in charge for the business. We also improve the digital infrastructure to support the business. So, the total overhaul in the credit card business said. The bank is planning to reform this entire activity and come with a new direction to grow the credit card industry, he said, adding that “Within the next three months, the revamped IT INFRA will be in place, and I am very hope that PNB will be in full swing by November or December. Retail and current account customers will also get a facial lift. By the end of September, the revamped mobile app will be introduced with improved features, convenient for customers to use, “he said. Besides, he said, the Business Mobile app, which is also a major priority for the bank, comes with a new version. NPA account sale In an effort to repel the realization of the recovery, PNB has about 100 non-performing assets (NPA) accounts for sale to asset-re-building companies (ARCs) during the current financial year. This is the outstanding book (for sale on bows), “Chandra said. On the question of what the amount the bank can realize from the sale, he said:” We expect to recover something in the minimum of 40-50 percent. Through the route, we also expect a good recovery to take place this financial year. “There may be an account where 100 percent recovery will also occur because you now have a good security, but in some cases it may be low, he said, adding that” we expect the average recovery 40-50 percent “. Disclaimer: Mint has a fusion with FinTechs to provide your information. Article only plans to educate and distribute awareness about credit needs, credit cards and creditworthiness.