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Ireda: Indian Renewable Energy Development Agency, Punjab National Bank to co-finance green energy projects, ET Auto

"Indian Renewable Energy Development Agency (IREDA) and Punjab National Bank (PNB) have joined hands through the signing of a Memorandum of Understanding (MoU) aimed at advancing renewable energy initiatives across the nation," a statement said.

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IREDA & PNB Team Up For Co-Lending & Loan Syndication For Renewable Energy Projects

IREDA & PNB Team Up For Co-Lending & Loan Syndication For Renewable Energy Projects
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PNB signs MoU with Indian Renewable Energy Development Agency

Jammu Tawi: Punjab National Bank (PNB), nation’s leading public sector bank, and Indian Renewable Energy Development Agency (IREDA), country’s leading renewable energy agency, have signed a Memorandum of Understanding at IREDA Headquarter in New Delhi.Both the institutions will collaborate with each other in the field of lending in Renewable Energy sector. With this step, both

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IREDA, PNB collaborate to enhance financing for renewable energy projects

In a significant move to accelerate renewable energy development, IREDA (Indian Renewable Energy Development Agency) and PNB (Punjab National Bank) have signed a Memorandum of Understanding (MoU). This strategic partnership aims to streamline and increase access to finance for green energy sector.

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Indian Renewable Energy Development Agency, Punjab National Bank to co-finance green energy projects

Indian Renewable Energy Development Agency, Punjab National Bank to co-finance green energy projects
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India , New-delhi , Delhi , Baroda , Gujarat , Narendra-modi , Pradip-kumar-das , Kumar-goel , United-nations , Indian-renewable-energy-development-agency , Indian-overseas-bank , India-infrastructure-finance-company

IREDA and PNB signs MoU to advancing renewable energy initiatives

IREDA and PNB signs MoU to advancing renewable energy initiatives
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IREDA signs MoU with PNB to strengthen renewable energy initiatives

The agreement was signed at IREDA's registered office, which paves the way for joint efforts in co-lending and loan syndication for a diverse spectrum of renewable energy projects.

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Banks should be mindful of legal, cyber risks emanating from AI: RBI Deputy Governor

RBI Deputy Governor T Rabi Sankar emphasised the importance of the banking sector and its stakeholders being vigilant about legal and cyber risks, as well as addressing skill gaps arising from Artificial Intelligence (AI). Speaking at the 19th Annual Banking Technology Conference organized by the Indian Banks' Association (IBA) in Mumbai, he urged banks to prioritize customer convenience and tailor their services accordingly.

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Infra drives banks' corporate loan growth - Banking & Finance News

Infra drives banks' corporate loan growth - Banking & Finance News
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PNB: PNB raising guidance of net profit for year to Rs 7,500 crore, will retain NIM guidance: Atul Kumar Goel

PNB CEO Atul Kumar Goel discusses the bank's improved financial performance. The bank has achieved a net profit of Rs 5,000 crore in the first nine months, with a target of Rs 7,500 crore for the whole year. The decline in slippages and improvement in asset quality have contributed to the bank's success. NIMs have also improved due to the recovery in gross and net NPAs. PNB has been successful in raising deposits, with a good CASA ratio, and aims to achieve a 1% ROA by 2024-2025.

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