PNB sets up loan recovery cells in all its 6,900 branches
State-run Punjab National Bank (PNB) has reportedly set up loan recovery cells in all its 6,900 branches. It has reportedly deployed nearly 25,000 employees to recover bad loans and created a stressed asset vertical led by four general managers at its central headquarters. PNB's gross bad loans stood at â¹86,620 crore or 18.38% of the gross advances as of March.