Punjab National Bank entered MoU with Army Group Insurance Fund

Sarkaritel
By Sarkaritel July 29, 2017 15:49

Punjab National Bank entered MoU with Army Group Insurance Fund


Punjab National Bank and Army Group Insurance Fund (AGIF) have entered into MoU under which PNB will be extending Housing loan to AGIF members. The documents were signed in a ceremony held at Punjab National Bank, Head Office Bhikhaiji Cama Place, New Delhi headed by Shri Sunil Mehta, MD & CEO of Punjab National Bank and Shri Brigadier JS Kanwar- Principal Director Administration & Secretary of AGIF.

The ceremony for exchange of documents was completed by Adjutant General Lt. Gen. Sh. Ashwani Kumar, AVSM, VSM IHQ of MOD (Army) and Shri Sunil Mehta, MD & CEO of Punjab National Bank.   Shri Mehta informed that in terms of the provision of this MoU, Punjab National Bank will grant primary housing loan to the members of AGIF under the provisions of Pradhan Mantri Awas Yojan (PMAY). The top-up loan will also be granted by the Bank as per requirement for the members who are already availing house building advance from AGIF. At the time of retirement of the AGIF member, the balance amount of the loan will be taken over by the bank.

The present MoU will cater to the housing needs of the Army Personnel under the mission “Housing for all by 2022” of Central Government.

Former Adjutant General Lt. General Dr. Rakesh Sharma (Retired) PVSM, UYSM, AVSM, VSM, ADC, Major General PD Hallur, AVSM, VSM – Managing Director of AGIF and Dr. Ram S Sangapure & Sh.Sanjeev Sharan Executive Directors of the Bank besides Shri Naveen Kumar, General Manager-HO, Dr. Rajesh Yaduvanshi Zonal Manager (Delhi), Sh. S. K. Mishra GM (GBD) and Sh. Subodh Kaushik advisor to the Bank also graced the occasion.

Sarkaritel
By Sarkaritel July 29, 2017 15:49