How quickly can I get an MSME loan from Punjab National Bank?

Punjab National Bank aims to disburse MSME loans up to ₹25 lakh within 30-35 minutes through a fully digital process.

What changes are coming to Punjab National Bank branches?

PNB is revamping all its branches to offer a new look and feel, blending traditional credibility with modern digital technology and improving customer service.

Does Punjab National Bank support start-ups?

Yes, PNB is opening 10-12 specialized start-up branches nationwide to provide financial assistance and advisory support.

Home / Business and Economy / PNB Loans in 35 Mins: Digital Revolution for MSMEs

PNB Loans in 35 Mins: Digital Revolution for MSMEs

18 Jan

•

Summary

PNB plans to disburse MSME loans up to ₹25 lakh in 30-35 minutes.
A QR code system for real-time customer feedback is now in place.
The bank will launch 10-12 specialized start-up branches nationwide.

PNB Loans in 35 Mins: Digital Revolution for MSMEs

Punjab National Bank is significantly advancing its digital capabilities, aiming to disburse MSME loans of up to ₹25 lakh in a remarkable 30-35 minutes. This digital initiative, available both online and at branches, caters to both new entrepreneurs and existing clients, with all documentation handled digitally. Currently, one in every three loans is disbursed through digital channels.

The bank is also enhancing customer service and branch experience. A new QR code-based feedback system has been deployed across all 10,228 branches, allowing for real-time customer input that will influence employee performance. Furthermore, PNB is undertaking a nationwide branch revamp, expected to be completed by June 30, blending traditional banking credibility with modern technology.

PNB plans to expand its specialized start-up branches, modeled after its New Delhi branch, with 10-12 new locations opening across the country, including two in Kerala. These branches will offer financial and advisory support to start-ups. In Kerala specifically, PNB targets 20% business growth this fiscal, aiming for a ₹25,000 crore business volume.