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**Summary:**

Punjab National Bank (PNB) executive director D. Surendran emphasized the vital role of banks in achieving India’s ‘Viksit Bharat 2047’ vision by enabling sustainable infrastructure development. He highlighted housing loans as an example of generating both assets and social stability. The remarks were made at a PNB Retail Outreach programme in Visakhapatnam, which showcased the bank’s retail loan portfolio and saw participation from real estate, automobile, and renewable energy stakeholders. The chairman of CREDAI Visakhapatnam advocated for EMI flexibility to support self-employed borrowers in the stabilizing real estate market. The event also included the distribution of loan sanction letters to eligible customers.

**News Article:**

**PNB Executive: Banks Crucial for India’s ‘Viksit Bharat 2047’ Vision**

*Visakhapatnam, July 17, 2025* – Banks play a pivotal role in realizing India’s ‘Viksit Bharat 2047’ vision by fostering sustainable infrastructure development, according to D. Surendran, executive director of Punjab National Bank (PNB). Speaking at a PNB Retail Outreach programme in Visakhapatnam, Surendran stated, “Banks are no longer mere intermediaries; they are now enablers of long-term development.” He cited housing loans as a prime example of how financial institutions can generate both valuable assets and social stability.

The event, organized by PNB’s Visakhapatnam Circle Office, attracted stakeholders from the real estate, automobile, and renewable energy sectors. PNB showcased its diverse range of retail offerings, including housing, vehicle, mortgage loans, rooftop solar financing, and digital services through multiple stalls.

V. Dharmender, Chairman of CREDAI Visakhapatnam, attended the event as a guest of honour and advocated for greater EMI flexibility to support self-employed individuals seeking loans. “The real estate market is stabilizing, and innovative banking products can further accelerate recovery,” Dharmender remarked.

During the program, PNB handed over loan sanction letters to eligible customers in the home and education categories, demonstrating its commitment to supporting individuals and families.

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