Most of FCNRB flows will come in August, September; overall target achievable: PNB CEO Ashok Chandra
Punjab National Bank (PNB) CEO Ashok Chandra stated that the bank is on track to achieve its $2.5 billion target under the Foreign Currency Non-Resident (Bank) scheme, with most inflows expected in August and September. Chandra expressed optimism that the overall banking sector target of over $50 billion can also be met, citing healthy growth in retail, agriculture, and MSME lending. He emphasized the importance of productive liquidity deployment and ruled out job losses from AI advancements in banking.