PNB is the second largest bank in the country. This bank has four executive directors to assist the MD and CEO. Under the revised guidelines approved by the Board, the mobile phone allowance for the Chief General Manager remains Rs.50 thousand. It is also known that the allowance for the general manager is Rs.40 thousand.
In 2020 as well, PNB bought three luxury cars from Audi for its top management. These luxury cars were given to the MD and two senior executive directors. Also, under the revised guidelines, the car benefits for the Chief General Manager have been increased from the current ex-showroom price of Rs.12 lakh (excluding GST) to Rs.15.50 lakh (inclusive of all taxes). Also, the limit has been increased so that a general manager level person can use a car worth Rs 11.50 lakh instead of a car worth Rs 9 lakh.
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