Punjab National Bank has received a comprehensive credit rating reaffirmation from CRISIL Ratings Limited across multiple debt instruments and banking facilities. The rating agency announced the reaffirmation on December 12, 2025, maintaining its assessment of the bank's creditworthiness and financial stability.

Rating Reaffirmation Details

CRISIL Ratings Limited reaffirmed ratings across various categories of Punjab National Bank's debt instruments and facilities. The rating action covered bonds under Basel III framework, infrastructure bonds, and certificates of deposits totaling significant amounts.

Key Rating Strengths

The rating reaffirmation reflects several fundamental strengths of Punjab National Bank. CRISIL highlighted the bank's strong expectation of support from the Government of India as the majority shareholder, adequate capitalization with Tier-I capital adequacy ratio of 14.41% and overall capital adequacy ratio of 17.19% as of September 30, 2025.

Financial Performance Highlights

Punjab National Bank demonstrated improved asset quality metrics with gross non-performing assets declining to 3.40% as of September 30, 2025, from 3.90% as of March 31, 2025. The bank maintained its established market position as the third-largest public sector bank with gross advances of ₹11,69,592 crores.

Regulatory Compliance

The bank communicated the rating reaffirmation to both BSE Limited and The National Stock Exchange of India Limited in compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. CRISIL also withdrew ratings on redeemed bonds aggregating ₹5,294 crores following proper documentation of redemption.

Astra Microwave Products has officially disclosed receiving a significant order worth ₹171.38 crores from the Indian Meteorological Department for advanced weather radar systems. The company made this announcement through a regulatory filing under SEBI (LODR) Regulations, 2015, highlighting a major contract win that strengthens its position in the meteorological equipment sector.

Order Specifications and Technical Details

The contract encompasses the procurement of sophisticated meteorological equipment designed to enhance India's weather monitoring capabilities. The order includes comprehensive technical specifications:

Comprehensive Service Framework

The contract includes extensive post-delivery support services, ensuring long-term operational reliability of the radar systems. The service structure provides:

This extended service commitment demonstrates the Indian Meteorological Department's confidence in Astra Microwave Products' technical capabilities and long-term support infrastructure.

Strategic Impact and Market Position

This domestic government contract represents a substantial addition to the company's order book and reinforces its expertise in manufacturing sophisticated radar systems. The order showcases Astra Microwave Products' ability to deliver critical meteorological infrastructure while providing comprehensive lifecycle support.

The Klystron-based S-band Polarimetric Doppler Weather Radars will significantly enhance India's meteorological monitoring network, contributing to improved weather forecasting accuracy and climate monitoring capabilities across the country. This infrastructure development aligns with national priorities for enhanced disaster preparedness and agricultural planning support.

Regulatory Compliance and Transparency

The company has fulfilled its disclosure obligations under Regulation 30 of SEBI (LODR) Regulations, 2015, confirming that no promoter or group companies have any interest in the awarding entity. The transaction is classified as a standard commercial contract with a domestic government entity, ensuring transparency in corporate governance practices.