PNB's private capex gradually reviving across steel, renewables, data centres, says Executive Director
New Delhi, July 18 -- Private sector capital expenditure is gradually picking up across key sectors, including steel, chemicals, petroleum, renewable energy and emerging areas such as data centres and shipbuilding, Punjab National Bank (PNB) Executive Director Amit Kumar Srivastava said, expressing confidence in the bank's corporate loan pipeline.
Speaking exclusively to ANI, Srivastava said the bank currently has a credit pipeline of around Rs 1.37 lakh crore, supported by improving demand for corporate loans.
"As far as the corporate part is concerned... private capex is taking place slowly and slowly. Majority of that has come in the steel sector... chemical... petroleum and gas... renewable energy part, Infra road," he said.
He add...
Click here to read full article from source
To read the full article or to get the complete feed from this publication, please
Contact Us.