PNB should clear its relation with PNB Metlife

Kashmir Times. Dated: 7/16/2019 5:14:37 PM

Dear Editor,
PNB Metlife is an insurance-company using logo of public-sector Punjab National Bank, but there is absolute no clarity on exact relationship between Punjab National Bank and PNB Metlife where agents of PNB Metlife lure members of public through highly lucrative investment-offers but without giving any brochure or highlights of the offered schemes on website.
It is clear that no government-saving scheme presently provides annual-interest more than eight-percent that too taxable and only for senior citizens. It is impossible that any public-sector company like PNB Metlife may provide above-referred extra-lucrative scheme.
Punjab National Bank should make their relationship with PNB Metlife clear through newspaper-advertisements and prominently on their websites. In case PNB Metlife is not a subsidiary company of Punjab National Bank, then Punjab National Bank must take immediate steps to prevent PNB Metlife from using its logo and similarity in name. Otherwise all PNB Metlife investment-schemes should be available in detail on website of Punjab National Bank.
All investment-schemes of PNB Metlife should be compulsorily put on website, and agents should be cautioned not to befool members of public by getting their hard-earned money invested in schemes without providing a brochure.
—Subhash Chandra Agrawal,
1775 Kucha Lattushah Dariba, Chandni Chowk Delhi.

 

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