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Punjab National Bank has signed an agreement for information utility with National e-Governance Services Limited. The objective of the agreement is to augment the information infrastructure in India. The agreement will enable storing of financial information that will help substantiate defaults and verify claims expeditiously. This will in turn facilitate resolution in the National Company Law Tribunal in a time bound manner, according to a PNB release. Sanjiv Sharan, Executive Director, PNB, presided over the signing ceremony programme. J.K.Gupta, General Manager, Recovery Division, Head Office of the bank, signed the agreement on behalf of PNB and S. Raghunathan, Executive Director, signed on behalf of NeSL.
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