State-owned Punjab National Bank (PNB) exited India SME Asset Reconstruction Company Limited (ISARC) by offloading its entire 21% stake for ₹34 crore. It sold 2.09 crore shares of the asset reconstruction company for ₹16.29 per share, aggregating ₹34.04 crore. In March, the RBI had granted approval for change in sponsor of ISARC, PNB said in a filing.