Current Affairs - Banking - Discussion

Punjab & Sind Bank has set up a centralized hub named "Centralised MSME & Retail Group" (Cen-MARG) for processing retail and Micro, Small and Medium Enterprises (MSME) loans for better efficiency of branches in business acquisition. It is headquartered in New Delhi. It will ensure qualitative improvement in credit appraisal, improved turnaround time, uniform documentation, and efficient monitoring. Cen-MARG will be linked with pan-India branches of the bank in a phased manner.