State-owned Punjab National Bank has signed a pact with Steel Authority of India to provide home loan, car loan and education loan to the latter's employees at concessional rates.

This strategic partnership aims to enhance the financial well-being of Steel Authority of India Ltd (SAIL) employees while expanding PNB's customer base within the steel sector, Punjab National Bank (PNB) said in a statement .

A Memorandum of Understanding (MoU) was signed by PNB General Manager, Business Acquisition and Relationship Management Division Sudhir Dalal, SAIL General Manager,  Finance Lavika Jain and SAIL General Manager - HR Bikram Uppal said.