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Jag Mohan Garg joins PNB as Executive Dir

New Delhi, June 8: Mr Jag Mohan Garg has been appointed as the Executive Director (ED) of the country's second largest lender Punjab National Bank (PNB).

Prior to this, Mr Garg was with Indian Bank as General Manager.

With his appointment, PNB will now have two people of the same post.

Mr K Raghuraman is already working as the ED with the bank.

Mr Garg joined Indian Bank in 1973 as Probationary Officer. He holds over 34 years of banking experience with expertise in industrial credit, corporate finance, foreign exchange, product development, marketing, HR and other important portfolios.

He was with Singapore branch of the Bank for over four years.


UNI

New Delhi: PNB hikes NRE deposit rates

New Delhi, June 2: Country's second largest lender Punjab National Bank (PNB) has increased interest rates on its foreign currency non-resident (banks) deposit scheme from June one. The increase is applicable in respect of dollar, pound, euro, Australian dollar and Canadian dollar deposits, a statement issued by the Bank said here today. The rate of interest on dollar deposits has been revised to 4.64 per cent for maturity of one year.....
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