PNB signs MoU with BHEL
FinTech BizNews Service
Mumbai, 27 October, 2026: Punjab National Bank (PNB), one of India’s leading public sector banks, has entered into Memorandum of Understanding (MoU) for Salary Package Benefits with Bharat Heavy Electricals Limited(BHEL). PNB will be offering a bouquet of services with enhanced Insurance Coverage, Banking Benefits, Concessional offers in Retail Loans and Other Benefits to all the serving employees of BHEL.
The MoU was signed by Shri M Sridhar, Director (HR) on behalf of BHEL and Shri Rajendra Singh, General Manager (BA&RM) on behalf of PNB. Also present were, Ms. K G Vijayalakshmi, Executive Director (Receivable Management), Ms. Suparna Sivakumar, Additional GM(Finance), Shri Sanjay Sah, AGM(HR), Shri Sunil Kumar, Manager(HR) from BHEL & Ms. Shuchita Gupta, Chief Manager (BA&RM Dept.), Shri Rohit Bahri, Senior Manager (BA&RM Dept.) from PNB.
The offering provides BHEL employees and their families with comprehensive insurance protection and a host of enhanced banking privileges, including dedicated education and marriage-related covers for children. Key benefits include preferential locker rent, salary-linked overdraft facilities, zero-balance family accounts, complimentary essential banking services, and concessions on processing and documentation charges for home, education and vehicle loans.
In addition, employees can avail themselves of several value-added benefits, including Hospi-cash benefits, family banking privileges and complimentary credit cards.
