At least 5% of PNB's Rs 7.21 trillion loan book may be restructured

Majority of restructured loan accounts would belong to corporate segment, bank does not see large number of MSMEs going for loan revamp

India’s second largest state-owned bank Punjab National Bank (PNB) is expecting at least five per cent of its loan book to undergo restructuring.

“In respect of loan book size, our rough estimate is that 5-6 per cent of the credit book may be eligible under the restructuring profile. But we will be able to get a better estimate by the end of September,” PNB managing director and chief executive officer SS Mallikarjuna Rao said in a press conference on Monday.

At the end of June, PNB’s loan book size stood at Rs 7.21 trillion. So, the bank expects loans worth