Punjab National Bank has disclosed the details of its Compliance Officer and Registrar and Share Transfer Agents (RTAs) for equity shares, bonds, and certificate of deposits effective June 2026. The information was submitted to the exchanges pursuant to Regulation 6(1) and 7(1) of SEBI (LODR) Regulations, 2015.

Mr. Bikramjit Shom serves as the Compliance Officer for the bank. He is a qualified Company Secretary with membership number 6517 (FCS) and was appointed to the position on April 30, 2025.

The bank has appointed different entities to manage its share transfer and registry functions across various securities. For listed equity shares, M/s Beetal Financial & Computer Services Pvt. Ltd. acts as the RTA, a role it has held since January 1, 2013.

Listed bonds are managed by M/s Alankit Assignments Limited, which was appointed on November 24, 2010. For unlisted certificate of deposits, the bank utilizes M/s Bigshare Services Pvt. Ltd., appointed on October 28, 2016.

Details of Compliance Officer and RTAs

Punjab National Bank has received a Sell rating from Citi, with the brokerage setting a target price of ₹103. The assessment reflects a combination of operational metrics that, while showing pockets of stability, point to underlying challenges in growth momentum and profitability.

Key Factors Behind Citi's Sell Call

Citi's rating is underpinned by several observations about the bank's recent performance. The following table summarises the key parameters cited by the brokerage:

Performance Highlights

Citi noted that Punjab National Bank's loan growth is tracking in line with its own guidance; however, it remains below the broader system average, indicating the bank is not gaining market share in credit deployment. On the liabilities side, deposit growth has come in weaker than what the bank had guided for, raising concerns about the pace of resource mobilisation.

Net interest margins have remained stable, and slippages as well as credit costs have been kept low, which are relative positives in the current operating environment. The bank has also continued with its Expected Credit Loss (ECL) provisioning, reflecting a cautious approach to balance sheet management.

Subdued Return on Assets

Despite the stability in certain metrics, Citi flagged a subdued first-quarter return on assets of approximately 0.8–0.85% as a key concern. This level of profitability, as assessed by the brokerage, underpins the Sell recommendation and the target price of ₹103, suggesting limited upside from current levels based on Citi's analysis.