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Latest news about Punjab National Bank

Punjab National Bank Shares in Focus as Nirav Modi's Brother Arrested in US 13 hours ago Yesterday

Nehal Modi, brother of Nirav Modi, has been arrested in the US following extradition requests from Indian agencies. He is accused of money laundering and criminal conspiracy in the Rs 13,000 crore Punjab National Bank fraud case. A hearing is scheduled for July 17. This development keeps PNB in the spotlight as it continues to deal with the aftermath of the 2018 scandal.

PNB Reports 11.1% Growth in Domestic Business; Analysts Maintain Bearish Outlook 3 days ago

PNB Reports Robust Growth in Q1 FY25, Waives Minimum Balance Fees 3 days ago

PNB Boosts Financial Inclusion: Eliminates Minimum Balance Penalties on Savings Accounts 4 days ago

Punjab National Bank Announces Dividend Record Date, Reports Strong Q4 Profit Growth Jun 19, 2025

More news about Punjab National Bank

18Jun 25

Punjab National Bank Divests 21% Stake in ISARC for Rs 34.05 Crore

Punjab National Bank (PNB) has sold its entire 20.90% stake in India SME Asset Reconstruction Company Limited (ISARC) for Rs 34.05 crore. The transaction involved selling 2.09 crore shares at Rs 16.29 per share, completed on June 17, 2025. The sale, approved by the Reserve Bank of India, aligns with PNB's strategy to optimize its investment portfolio and focus on core banking activities.

17Jun 25

Punjab National Bank Divests Entire Stake in ISARC for Rs 34 Crore

Punjab National Bank (PNB) has sold its entire 21% stake (2.09 crore shares) in India SME Asset Reconstruction Company Limited (ISARC) for Rs 34.04 crore, at Rs 16.29 per share. The transaction, completed on a Tuesday, followed RBI approval in March for a change in sponsor and equity raise from Authum Investment and Infrastructure Ltd.

06Jun 25

PNB Slashes Repo-Linked Lending Rate to 8.35%, Effective June 2025

Punjab National Bank (PNB) has announced a reduction in its repo-linked lending rate (RLLR) from 8.85% to 8.35%, effective June 9, 2025. This 50 basis point cut follows the Reserve Bank of India's decision to lower the repo rate to 5.50%. The move is expected to benefit borrowers with loans tied to the repo rate, potentially leading to lower EMIs. However, PNB's marginal cost of lending rate (MCLR) and base rate remain unchanged.

03Jun 25

PNB Slashes Student Loan Interest Rates to 7.5% Under PM Vidyalaxmi Scheme

Punjab National Bank (PNB) has reduced its student loan interest rates to 7.5% under the PM Vidyalaxmi Scheme. This reduction aims to make higher education more accessible and affordable for students across India. The move is expected to lower EMIs, increase loan accessibility, and reduce financial stress for students pursuing higher education.

15May 25

Nirav Modi's Fresh Bail Plea Rejected by UK Court

The High Court of Justice in London has rejected Nirav Modi's latest bail application, marking his tenth unsuccessful attempt since his detention in March 2019. Modi, wanted in India for alleged involvement in the Rs 13,000 crore Punjab National Bank fraud case, continues to face extradition to India. The UK High Court had previously approved his extradition, but the process is ongoing as Modi's legal team explores all options to prevent his return to India.

13May 25

PNB to Sell Entire Stake in ISARC for Rs 34.04 Crore by Q2 2025

Punjab National Bank (PNB) has agreed to sell its entire stake of 2.09 crore shares in India SME Asset Reconstruction Company (ISARC) at Rs 16.29 per share, totaling Rs 34.04 crore. The sale is expected to be completed by the end of Q2 2025. This move aligns with PNB's efforts to streamline operations and optimize its investment portfolio, potentially improving its capital adequacy ratio and allowing the bank to focus more on core banking operations.

08May 25

Punjab National Bank Reports 52% YoY Surge in Q4 FY25 Profit, NII Underperforms; CEO Confident of Surpassing FY26 Credit Growth Guidance

Punjab National Bank (PNB) reported a 52% year-on-year increase in Q4 FY25 profits, with PAT reaching Rs 4,570.00 crore. However, the bank faced challenges with its Net Interest Income (NII) declining 2.5% quarter-on-quarter and Net Interest Margin (NIM) contracting by 12 basis points to 2.81%. Strong other income of Rs 4,775.90 crore and a lower tax rate offset NII weakness. CEO Ashok Chandra expressed confidence in surpassing FY26 credit growth guidance of 11-12%, citing Rs 85,000 crore in pending loan disbursements and strong corporate loan sanctions. The bank maintains resilient asset quality with a gross NPA of 3.95% and plans to create value through subsidiaries.

07May 25

PNB Sets Ambitious Target: Rs 160 Billion Bad Loan Recovery by FY26

Punjab National Bank (PNB) has announced plans to recover bad loans worth Rs 160 billion (approximately $1.92 billion) by fiscal year 2026. This strategic move aims to address non-performing assets and improve the bank's financial health. PNB's current financial position shows mixed results, with total assets and investments growing year-over-year, while current assets have declined. The targeted recovery represents a significant portion of the bank's current asset base and could substantially improve its asset quality. Successful implementation could lead to improved profitability, enhanced capital adequacy, better credit ratings, and increased lending capacity. However, the bank faces challenges in achieving this ambitious target and may need to employ various strategies for loan recovery.

07May 25

Punjab National Bank Declares 145% Dividend Following Q4 Results

Punjab National Bank (PNB) has announced a dividend of ₹2.90 per equity share, representing 145% of the face value of ₹2 per share. This declaration comes after PNB's March quarter results reportedly met market expectations. The dividend announcement signals confidence in the bank's financial health and its commitment to rewarding shareholders. While specific Q4 performance details are not provided, the dividend declaration and meeting of market expectations suggest a solid financial performance for the quarter.

07May 25

PNB Revises FY26 Operating Profit Guidance Amid Strong Q4 Results

Punjab National Bank (PNB) announced its Q4 FY25 results, showing a 52% increase in net profit to ₹4,567.00 crore. The bank's asset quality remained stable with GNPA at 3.85% and NNPA at 0.40%. However, fresh slippages rose to ₹2,900.00 crore from ₹1,600.00 crore in the previous quarter. PNB also revised its FY26 operating profit guidance downward to 8-9% from the earlier 10-12% for FY25.

18Apr 25

Punjab National Bank Fined ₹29.60 Lakh by RBI for Customer Service Lapses

Punjab National Bank (PNB) has been penalized ₹29.60 lakh by the Reserve Bank of India (RBI) for non-compliance with customer service directives. The violation relates to levying penal charges on inoperative accounts, contrary to RBI guidelines. The fine was imposed based on the RBI's Inspection for Supervisory Evaluation of PNB's financial position as of March 31, 2023. PNB acknowledged the penalty and stated that the financial impact is limited to the fine amount. The bank has committed to ensuring full compliance with RBI guidelines in the future.

15Apr 25

Punjab National Bank Shares in Focus as Mehul Choksi Arrested in Belgium

Mehul Choksi, a primary accused in the ₹13,000 crore Punjab National Bank (PNB) fraud case, was arrested in Antwerp, Belgium on April 12, 2024. The arrest was made based on an extradition request from Indian agencies, marking a significant development in the ongoing investigation that began in 2018. While this is a positive step towards justice, the financial implications for PNB remain uncertain.

14Apr 25

Punjab National Bank Shares in Focus as Fugitive Jeweller Mehul Choksi Arrested in Belgium

Fugitive jeweller Mehul Choksi, key accused in the ₹14,000 crore PNB fraud case of 2018, has been arrested in Belgium. This development has brought Punjab National Bank back into focus. Despite the lingering impact of the 2018 scam on PNB's stock price, recent market trends show a shift towards a bullish sentiment. Analysts cite projected growth, improved asset quality, and potential fraud recovery as positive factors. The arrest could serve as a catalyst for renewed investor interest in PNB shares.

11Apr 25

Punjab National Bank Cuts Lending Rate and Announces Key Management Changes

Punjab National Bank (PNB) has announced a reduction in its Repo Linked Lending Rate (RLLR) from 9.10% to 8.85%, effective April 10, 2025. The bank has also made significant management changes, appointing Lalit Taneja as Zonal Manager in Chandigarh and Ashwini Kumar Singh as General Manager of the Head Office MSME & MCC Division.

03Apr 25

Punjab National Bank Reports Robust Growth in Deposits and Advances for FY 2024-25

Punjab National Bank (PNB) announced significant year-over-year growth in domestic deposits and advances as of March 31, 2025. Domestic business increased by 13.20% to ₹25,77,274.00 crore. Domestic deposits grew by 13.30% to ₹15,10,456.00 crore, while domestic advances rose by 13.20% to ₹10,66,818.00 crore. Global business also showed positive results with a 14.00% growth, reaching ₹26,83,151.00 crore. Quarter-on-quarter growth was steady across all parameters, with deposits showing a stronger increase compared to advances.

02Apr 25

Punjab National Bank Reports Strong Growth in Domestic Deposits and Advances

Punjab National Bank (PNB) announced significant growth in its domestic operations for the financial year ending March 31, 2025. Domestic deposits increased by 13.30% to ₹15,10,456 crore, while domestic advances grew by 13.20% to ₹10,66,818 crore. The bank's global business expanded by 14.00% year-over-year, reaching ₹26,83,151 crore. These provisional figures, subject to audit, indicate robust performance across key financial metrics, suggesting strong customer confidence and increased lending activities.

17Mar 25

Punjab National Bank Anticipates 25% Profit Surge in FY2025

Punjab National Bank (PNB) is expected to witness a significant 25% increase in profits for the fiscal year 2025 compared to the previous year, as reported by CNBC TV18. This projection suggests potential improvements in PNB's operational efficiency and overall financial health. The anticipated profit growth could lead to enhanced financial stability, increased investor confidence, and potential expansion opportunities for the bank.

13Mar 25

Punjab National Bank Gears Up for Analyst and Investor Meetings

Punjab National Bank (PNB) has announced a series of meetings with analysts and investors on March 18 and 19, 2025. The schedule includes one-to-one sessions with Carnelian Capital and Millennium Partners, as well as a group meeting organized by Morgan Stanley. These meetings, both physical and virtual, aim to provide updates on the bank's performance and strategy, demonstrating PNB's commitment to transparency and stakeholder engagement. The announcement complies with SEBI's LODR Regulations.

11Mar 25

Fitch Upgrades Punjab National Bank's Viability Rating, Affirms 'BBB-' IDR

Fitch Ratings has affirmed Punjab National Bank's Long-Term Issuer Default Rating at 'BBB-' with a Stable outlook and upgraded its Viability Rating to 'BB-' from 'B+'. This upgrade reflects improvements in PNB's financial profile, operational stability, and fundamental creditworthiness. The rating action signals enhanced financial health and stability for the bank, potentially boosting investor confidence.

20Feb 25

PNB Slashes Retail Loan Interest Rates by up to 25 Basis Points

Punjab National Bank (PNB) has announced a reduction in interest rates for retail loan products, effective February 10, 2025. Home loan rates now start at 8.15%, while auto loan rates begin at 8.50%. The bank has implemented an overall reduction of up to 25 basis points across retail loan products. Additional benefits include fee waivers and extended repayment tenures on select products. This move aims to stimulate demand in real estate and automotive sectors, making loans more accessible to a broader range of customers. The decision could potentially pressure other financial institutions to review their lending rates.