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Latest news about Punjab National Bank

PNB Cuts Deposit Rates by 20 Basis Points to Counter Margin Pressure from RBI Rate Cuts 1 day ago

Punjab National Bank reduced deposit rates by 20 basis points effective January 1, 2026, responding to margin pressure as domestic NIM fell to 2.65% in Q3FY26 from 3.09% a year earlier. The bank posted net profit of ₹5,100.00 crore, up 13.10% year-on-year, while managing the impact of 125 basis points of RBI rate cuts since February 2025. Management expects margin stabilization through strategic repricing of its ₹2.80 trillion special deposit scheme, with further deposit rate cuts possible as the bank seeks to restore profitability amid challenging market conditions.

PNB Shares Decline 5% Post Q3 Results Despite Profit Beat on Margin Pressure Concerns 1 day ago

CLSA Maintains Outperform Rating on Punjab National Bank with ₹145 Target Price 1 day ago

Motilal Oswal Maintains Buy Rating on Punjab National Bank with ₹145 Target Price 1 day ago

Morgan Stanley Maintains Underweight Rating on Punjab National Bank with ₹100 Target Price 1 day ago

More news about Punjab National Bank

20Jan 26

Citi Maintains 'Sell' Rating on Punjab National Bank, Raises Target Price to ₹115

Citigroup has maintained its 'Sell' rating on Punjab National Bank while increasing the target price to ₹115.00. The brokerage's continued bearish stance, despite the upward price target revision, indicates ongoing concerns about the public sector bank's prospects and suggests caution for potential investors.

20Jan 26

Jefferies Maintains 'Buy' Rating on Punjab National Bank, Raises Target Price to ₹150

Jefferies has maintained its 'Buy' rating on Punjab National Bank while raising the target price to ₹150.00 per share. This positive recommendation from the global brokerage firm reflects continued confidence in the public sector bank's performance and growth potential. The upward revision in target price suggests enhanced valuation expectations for PNB shares in the current market environment.

19Jan 26

Punjab National Bank Makes Q3FY26 Earnings Call Recording Available Following Results Discussion

Punjab National Bank has announced the availability of its Q3FY26 earnings call recording with analysts and investors, held on January 19, 2026, at 4:00 PM IST. The call discussed the bank's unaudited financial results for the quarter and nine months ended December 31, 2025. The recording is accessible on the bank's official website in compliance with SEBI LODR Regulations, ensuring transparency for stakeholders.

19Jan 26

PNB Revises Q4 Deposit Growth to 8.5%-9%, Maintains FY26 NIM at 2.8%-2.9%

Punjab National Bank has updated its operational guidance with revised Q4 deposit growth expectations of 8.5%-9%, down from the previous 9%-10% forecast. The bank maintains its FY26 Net Interest Margin targets at 2.80%-2.90% range, expecting to stay above 2.70%, demonstrating confidence in profitability despite moderated growth projections.

19Jan 26

PNB Q3FY26: Net Profit Up 13% to ₹5,100 Cr, NII Declines 4.5% YoY

Punjab National Bank delivered mixed Q3FY26 results with 13% net profit growth to ₹5,100 crore despite 4.5% decline in NII to ₹10,533 crore. The bank showed strong retail advances growth of 18.9% and improved asset quality with gross NPAs at 3.19%, though credit growth at 10.9% fell short of 11-12% guidance.

19Jan 26

PNB Q3 Results: 9-Month GNPA at 3.2% Nears Full-Year Target of Under 3%

Punjab National Bank delivered strong Q3 performance with interest income growing 2.90% to ₹32,200 crores and net profit rising 13.30% to ₹5,100 crores. The bank's nine-month GNPA of 3.20% is approaching its full-year guidance of under 3.00%, while NNPA at 0.32% remains within the under 0.35% target, demonstrating effective asset quality management and progress toward annual commitments.

13Jan 26

Punjab National Bank Schedules Q3FY26 Earnings Call for January 19, 2026

Punjab National Bank has scheduled an earnings call for January 19, 2026, at 4:00 PM IST to discuss Q3FY26 financial results with analysts and investors. The call will be led by MD & CEO Ashok Chandra along with four Executive Directors, hosted by Elara Securities with comprehensive dial-in access for domestic and international participants. The announcement complies with SEBI regulations and covers results for the quarter and nine months ended December 31, 2025.

13Jan 26

Punjab National Bank Schedules Board Meeting for January 19, 2026 to Review Q3FY26 Financial Results

Punjab National Bank has scheduled its Board of Directors meeting for January 19, 2026, to consider and approve Q3FY26 unaudited/reviewed financial results for the quarter and nine months ended December 31, 2025. The trading window for bank shares, closed since January 1, 2026, will remain shut until January 21, 2026, in compliance with insider trading regulations.

09Jan 26

RBI Imposes ₹1.27 Lakh Penalty on Punjab National Bank for Currency Chest Shortage

Reserve Bank of India imposed ₹1,27,150 penalty on Punjab National Bank for minor shortage of notes at currency chest. Bank disclosed the regulatory action on January 9, stating the penalty has no significant financial impact on operations.

09Jan 26

Punjab National Bank Receives ₹1.27 Lakh Penalty from RBI for Currency Chest Shortage

Punjab National Bank disclosed receiving a ₹1,27,150 penalty from RBI for shortage of notes at currency chest. The bank received the order on January 08, 2026, and made regulatory disclosure on January 09, 2026. The financial impact is limited to the penalty amount with no broader operational consequences expected.

08Jan 26

PNB Attributes Margin Decline to Repo Rate Cut While Targeting Growth

Punjab National Bank has clarified that its recent margin compression is directly linked to the repo rate cut by RBI, while simultaneously reaffirming its commitment to achieving double-digit growth in the coming months. The bank's management has provided transparent communication about the factors affecting profitability while maintaining optimism about future growth prospects despite the challenging rate environment.

08Jan 26

PNB Puts ₹760 Crore Bad Loans on Auction Block Including Gammon India, Simbhaoli Sugars

Punjab National Bank has launched another auction of non-performing loans worth ₹760 crore, featuring major corporate accounts including Gammon India (₹514 crore) and Simbhaoli Sugars (₹226 crore). This follows the bank's earlier ₹2,500 crore portfolio sale attempt in December, representing a strategic shift toward corporate asset disposal rather than retail portfolios. The bank's management has identified over 100 non-performing accounts valued at ₹4,000-5,000 crore for potential sale, expecting recovery rates of 40-50%.

06Jan 26

Punjab National Bank Receives ₹4.85 Lakh RBI Penalty for Currency Chest Note Shortage

Punjab National Bank received a ₹4.85 lakh penalty from the Reserve Bank of India on January 6, 2026, for shortage of notes at its currency chest facility. The bank disclosed this regulatory action under SEBI guidelines, stating the financial impact is limited to the penalty amount with no additional operational implications.

02Jan 26

PNB Q3FY26: Global Business Grows 9.6% YoY, Credit-Deposit Ratio Rises to 74.21%

Punjab National Bank delivered strong Q3FY26 performance with global business growing 9.60% YoY to ₹28.92 lakh crore. The bank's global advances expanded 10.98% to ₹12.32 lakh crore while deposits rose 8.54% to ₹16.60 lakh crore, leading to an improved credit-deposit ratio of 74.21%.

26Dec 25

PNB reports ₹2,434 crore borrowal fraud to RBI linked to former SREI promoters

Punjab National Bank disclosed a major borrowal fraud of ₹2,434 crore to RBI involving erstwhile SREI Equipment Finance and SREI Infrastructure Finance promoters. The bank has made complete provisions for both entities - ₹1,240.94 crore for SEFL and ₹1,193.06 crore for SIFL, with both companies successfully resolved under Corporate Insolvency Resolution Process by NCLT.

24Dec 25

Punjab National Bank Added to BSE Bankex Index in Today's Rejig

Punjab National Bank is set to be included in the BSE Bankex index as part of a scheduled rejig, effective at 3pm today. The addition involves USD 15.00 million, marking a significant development for the public sector bank. This inclusion in the banking index, which tracks leading banking stocks on the Bombay Stock Exchange, could potentially influence trading patterns and attract attention from institutional investors and index funds.

15Dec 25

PNB Gets Rating Reaffirmation from Brickwork Ratings

Brickwork Ratings has reaffirmed Punjab National Bank's BWR AA-/Stable rating for its Basel III Additional Tier 1 Bonds worth ₹3,000 crores. The rating is based on PNB's improved asset quality, reduced fresh slippages, and its position as the third-largest public sector bank in India. PNB's global business grew by 11.11% YoY to ₹27.87 lakh crores, with deposits increasing by 10.90% to ₹16.17 lakh crores. The bank maintains comfortable capitalization ratios and benefits from strong government support, with the Government of India holding a 70.08% stake.

08Dec 25

India Ratings Reaffirms Punjab National Bank's AAA Ratings, Citing Strong Capital Position

India Ratings and Research has reaffirmed Punjab National Bank's INDAAA/Stable ratings on various debt instruments, highlighting the bank's strong capital adequacy ratio of 17.19%, improved asset quality with gross NPAs declining to 3.45%, and systemic importance backed by substantial government support. The rating action reflects PNB's stable operational performance and comfortable position above regulatory requirements.

06Dec 25

Punjab National Bank Faces Rs 15.37 Crore Penalty from SAFEMA Appellate Tribunal Amid Financial Growth

Punjab National Bank (PNB) has been penalized Rs 15.37 crore by the Appellate Tribunal under SAFEMA for violations of the Prevention of Money Laundering Act from April 2016 to November 2017. Despite this, PNB's financial data shows significant growth over the past five years, with total assets increasing by 45.15% to 1,857,543.60, total equity growing by 43.80% to 133,766.40, investments expanding by 29.79% to 524,840.30, and current assets rising by 34.35% to 212,198.60.

24Nov 25

Punjab National Bank Announces Executive Director Appointments at Union Bank and Canara Bank

Punjab National Bank (PNB) announced changes in its senior management. Amresh Prasad, CGM of Transaction Monitoring Division at PNB Head Office, has been appointed as Executive Director of Union Bank of India. Sunil Kumar Chugh, CGM and Zonal Manager at PNB Zonal Office Hyderabad, has been appointed as Executive Director of Canara Bank. These appointments are effective from November 24, 2025, and comply with SEBI regulations and Department of Financial Services notifications.

24Nov 25

Punjab National Bank Appoints Amit Kumar Srivastava as Executive Director

Punjab National Bank (PNB) has appointed Amit Kumar Srivastava as its new Executive Director for a three-year term, effective November 24, 2025. Srivastava, previously the Group Chief Risk Officer at PNB, brings over 31 years of diverse banking experience. He has expertise in branch banking, treasury management, and risk management. Srivastava holds a Master of Science degree and various professional certifications in banking and risk management.

18Nov 25

Moody's Upgrades Punjab National Bank's Credit Ratings, Reflecting Improved Financial Health

Moody's Rating Agency has upgraded Punjab National Bank's (PNB) Baseline Credit Assessment (BCA) and Adjusted Baseline Credit Assessment by one notch. The bank's Counterparty Risk Rating and Bank Deposits rating have been upgraded to Baa3/P-3, while its Baseline Credit Assessment is now ba1. The outlook for these ratings remains stable. This upgrade is part of Moody's adoption of a new methodology for bank ratings globally and suggests an improvement in PNB's standalone financial strength and enhanced creditworthiness.

07Nov 25

PNB Chairman K.G. Ananthakrishnan Concludes Tenure After Three Years

Punjab National Bank (PNB) announced that K.G. Ananthakrishnan has completed his three-year term as Part-Time Non-Official Director and Non-Executive Chairman. His tenure ended on November 6, 2025. The appointment was originally made by the Department of Financial Services, Ministry of Finance. PNB has informed the stock exchanges about this development in compliance with SEBI regulations.

31Oct 25

Punjab National Bank Slashes MCLR Rates Across All Tenors

Punjab National Bank (PNB) has announced a 5 basis point reduction in its Marginal Cost of Funds Based Lending Rates (MCLR) across all tenors, effective from November 1, 2025. The overnight MCLR is now 7.95%, one-month 8.20%, three-month 8.40%, six-month 8.60%, one-year 8.75%, and three-year 9.05%. PNB's Repo Linked Lending Rate (RLLR) remains at 8.35%, and the Base Rate stays at 9.50%. This reduction could lead to lower EMIs for borrowers with MCLR-linked loans.

27Oct 25

Punjab National Bank Reports 14% Net Profit Growth in Q2, Improves Asset Quality

Punjab National Bank (PNB) reported a 14% year-on-year increase in net profit to INR 4,904.00 crores for Q2. Operating profit rose to INR 7,227.00 crores from INR 6,853.00 crores. Global business grew by 10.6% to INR 27.87 trillion. Asset quality improved with gross NPA ratio decreasing to 3.45% from 4.48% and net NPA ratio declining to 0.36% from 0.46%. The bank maintains a provision coverage ratio of 96.91%. PNB targets credit growth of 11-12% for the full year and aims to achieve a gross NPA ratio below 3% by year-end.

23Oct 25

Belgian Court Greenlights Mehul Choksi's Extradition in Rs 13,000 Crore PNB Scam

A Belgian court has ruled in favor of extraditing Mehul Choksi, accused in the Rs 13,000 crore Punjab National Bank (PNB) scam, to India. The Court of Appeals in Antwerp upheld arrest warrants issued by a Mumbai special court, finding no risk of unfair trial or ill-treatment for Choksi if extradited. Indian authorities have prepared a special cell at Mumbai's Arthur Road Jail with amenities and videoconferencing facilities for legal consultations. Choksi has been imprisoned in Antwerp since April, with multiple bail petitions rejected. He had previously fled to Antigua and Barbuda before the scam was detected.

22Oct 25

Punjab National Bank Reduces Stake in Canara HSBC Life Insurance Through IPO

Punjab National Bank (PNB) has reduced its stake in Canara HSBC Life Insurance Company Limited from 23% to 13% through an Offer for Sale in the company's IPO. The transaction occurred on October 17, 2025, with PNB selling 9.5 crore shares at Rs 106.00 per share, generating Rs 1,007.00 crores. Canara HSBC Life Insurance reported a net worth of Rs 1,516.90 crores and a profit after tax of Rs 117.00 crores for the fiscal year ending March 31, 2025. This move aligns with the trend of banks reducing stakes in insurance joint ventures and may provide PNB with additional liquidity for strategic initiatives.

20Oct 25

PNB Anticipates ₹90 Billion Impact from RBI's New Credit-Loss Rules

Punjab National Bank (PNB) expects a ₹90 billion ($1 billion) financial impact from the Reserve Bank of India's new Expected Credit Loss (ECL) framework, set to be implemented by April 2027. The framework, aligning with IFRS 9 norms, shifts from an incurred-loss to a forward-looking model. PNB's CEO, Ashok Chandra, indicates that the impact will primarily come from Stage 2 assets and could reduce the bank's capital ratio by about 0.85 percentage points. PNB plans to absorb this impact through its earnings, demonstrating confidence in its profitability. The new framework represents a significant change for India's entire banking sector, aiming to enhance financial system stability.

20Oct 25

Punjab National Bank Reports 14% Surge in Q2 Net Profit, Asset Quality Improves

Punjab National Bank (PNB) reported strong Q2 financial results with net profit rising 14% year-over-year to ₹49.00 billion. Revenue grew 6.6% to ₹318.70 billion. Asset quality improved with Gross NPA ratio decreasing to 3.45% from 3.78% quarter-over-quarter, and Net NPA ratio declining to 0.36% from 0.38%.

18Oct 25

Punjab National Bank Reports 14% Rise in Q2 Net Profit, NIM Under Pressure

Punjab National Bank (PNB) reported a 14% year-on-year increase in net profit to ₹4,904.00 crore for Q2. Operating profit rose by 5.5% to ₹7,227.00 crore. Net Interest Income slightly declined by 0.5% to ₹10,469.00 crore, with Net Interest Margin contracting to 2.60%. Asset quality improved with GNPA ratio at 3.45% and NNPA ratio at 0.36%. Global business grew by 10.6% to ₹27,86,673.00 crore. Capital Adequacy Ratio strengthened to 17.19%. The bank aims to maintain growth momentum while focusing on asset quality and expanding retail and MSME loan portfolios.

18Oct 25

Punjab National Bank Reports Robust Growth in Q2 2025 Financial Results

Punjab National Bank (PNB) announced its Q2 2025 results, showing significant improvements. Net profit increased by 50.8% year-on-year to ₹4,904.00 crore. Interest earned rose by 7.0% to ₹31,964.00 crore. Asset quality improved with gross NPA ratio decreasing to 3.78% from 4.48%. Total deposits grew by 3.3% to ₹16,29,131.00 crore. The bank maintained a strong Capital Adequacy Ratio of 17.19%. PNB also redeemed Basel III compliant Tier II Bonds worth ₹994.00 crore during the quarter.

06Oct 25

PNB Revises Credit Growth Forecast Upward to 11-12%

Punjab National Bank (PNB) has increased its credit growth forecast from 10.3% to 11-12%, indicating improved growth expectations for the bank's lending activities. This upward revision suggests stronger loan demand and confidence in PNB's ability to expand its lending portfolio.

03Oct 25

Punjab National Bank Reports 10.6% Growth in Global Business, Reaches ₹27.88 Lakh Crore

Punjab National Bank (PNB) has reported significant growth in its business figures for the latest quarter. Global business reached ₹27,87,839 crore, up 10.6% year-on-year and 2.5% quarter-on-quarter. Domestic business grew to ₹26,83,034 crore, up 10.4% year-on-year. Global deposits increased by 10.9% to ₹16,17,041 crore, while global advances rose by 10.3% to ₹11,70,798 crore. The global Credit-Deposit ratio stood at 72.40%. PNB's shares closed at ₹114.45, up 1.69% on the day of the announcement.

17Sept 25

Punjab National Bank Announces Record Dates for Basel III Tier-II Bond Payments

Punjab National Bank (PNB) has set record dates for interest and principal payments on two Basel III Tier-II bond series. For Series XXII bonds (7.25% annual interest, ISIN: INE160A08167), the record date is October 14, 2025, with payment due on September 29, 2025. For the 8.34% annual bond series (ISIN: INE141A08035), the record date is October 13, 2025, with payment due on October 24, 2025. PNB has a call option on Series XXII bonds. The bank also announced participation in two upcoming virtual investor meetings in September 2025.

16Sept 25

Punjab National Bank Extends Executive Director M. Paramasivam's Tenure to 2027

Punjab National Bank (PNB) has announced an extension of M. Paramasivam's term as Executive Director. Originally set to end on November 30, 2025, his tenure has been extended until March 31, 2027, or until further orders, whichever comes first. This decision was communicated by the Department of Financial Services, Ministry of Finance, Government of India, through a notification dated September 15, 2025. PNB informed the stock exchanges about this development on September 16, 2025, in compliance with SEBI regulations.

08Sept 25

India Assures Belgium on Humane Detention Conditions for Mehul Choksi's Extradition

India has given formal assurances to Belgian authorities regarding detention conditions for businessman Mehul Choksi if extradited in the Rs 13,000 crore PNB fraud case. Choksi, arrested in Antwerp in April, remains in Belgian custody with an extradition hearing scheduled for September. The Ministry of Home Affairs detailed specific detention conditions, including housing in Barrack No. 12 of Arthur Road Jail, Mumbai, with adequate space, facilities, and amenities. These assurances aim to demonstrate India's compliance with international human rights standards, crucial for the Belgian courts' evaluation of the extradition request.

02Sept 25

ED Raids Gupta Exim in ₹425 Crore PNB Fraud Investigation

The Enforcement Directorate (ED) has conducted raids on Gupta Exim in connection with an alleged ₹425 crore fraud involving Punjab National Bank (PNB). The investigation has revealed a complex network of shell companies used to allegedly misappropriate funds from PNB. This case adds to PNB's challenges and highlights ongoing efforts by Indian authorities to combat banking fraud.

05Aug 25

Punjab National Bank Reports Record Operating Profit Despite Lower Net Profit Due to Tax Regime Shift

Punjab National Bank (PNB) reported its highest-ever operating profit of Rs.7,081.00 crores, up 7.6% year-on-year. Profit before tax increased by 28.3% to Rs.6,758.00 crores. However, net profit declined to Rs.1,675.00 crores due to a one-time tax provision of Rs.3,324.00 crores following migration to the new 25% tax regime. Global business grew by 11.6% to Rs.27.19 trillion. Asset quality improved with gross NPA ratio decreasing to 3.78% and net NPA ratio to 0.38%. The bank expects to save Rs.700.00 crores per quarter under the new tax regime and anticipates NIM recovery from Q3 onwards.

04Aug 25

PNB Reports 48% Q1 Profit Decline, Targets Rs 30 Lakh Crore Business

Punjab National Bank (PNB) reported a 48% year-on-year decline in Q1 net profit to Rs 1,675.00 crore, primarily due to the impact of transitioning to a new tax regime. The bank's tax expenses increased to Rs 5,083.00 crore, including a one-time hit of Rs 3,424.00 crore from recalculating deferred tax assets. Despite this, PNB achieved its highest-ever operating profit of Rs 7,081.00 crore. The bank aims to maintain profit levels similar to last year's Rs 16,630.00 crore and expand its total business to Rs 30.00 lakh crore by the end of the current financial year. The new tax regime is expected to yield quarterly savings of Rs 700.00 crore, potentially boosting future profitability.

03Aug 25

PNB Aims for Rs 30 Lakh Crore Business by FY26, Surpassing Official Target

Punjab National Bank (PNB) has set a goal to achieve Rs 30 lakh crore in total business by the end of fiscal year 2026, surpassing its official target of Rs 29.56 lakh crore. The bank's Q1 performance showed 11.6% growth, reaching Rs 27.19 lakh crore. PNB targets 11-12% credit growth and 9-10% deposit growth. The bank has a Rs 1.29 lakh crore corporate lending pipeline and commits to 15-day loan decisions. MSME segment grew by 17-18%, while core retail loans are expected to grow at 17%. PNB aims to maintain CASA deposits over 38% and has received approval to raise Rs 8,000 crore in capital.

01Aug 25

PNB Sets Ambitious Targets for FY26, Aims for Rs 16,000 Crore Recoveries

Punjab National Bank (PNB) has announced strategic targets for fiscal year 2026, focusing on improving key financial metrics and expanding its international presence. The bank aims to achieve a CASA share exceeding 38%, Net Interest Margin between 2.8-2.9%, Gross NPA below 3%, and Net NPA at 0.35%. PNB targets recoveries of Rs 16,000 crore, credit growth of 11-12%, and deposit growth of 9-10%. The bank is also strengthening its international operations in London, Dubai, and GIFT City. Current performance shows progress towards these goals, with Q1 FY26 reporting a CASA share of 36.99% and domestic NIM of 2.84%.

30Jul 25

PNB Targets Infrastructure and Green Energy to Drive Business Loan Growth

Punjab National Bank (PNB) has announced a strategic focus on infrastructure, smart metering, and renewable energy projects to drive business loan growth. This move aligns with India's economic development and sustainability goals. The bank aims to diversify its lending portfolio, tap into high-growth sectors, and support national priorities. PNB's strategy could influence the broader banking sector, potentially increasing competition in infrastructure and green energy financing.

30Jul 25

Punjab National Bank Reports Improved Asset Quality and Operating Profit Amid Mixed Q1 Results

Punjab National Bank (PNB) reported mixed Q1 results with a 48% year-on-year decline in net profit to ₹16.80 billion, primarily due to a one-time deferred tax loss of ₹33.24 billion. However, operating profit increased to ₹70.80 billion from ₹68.00 billion in the previous quarter. Interest income grew to ₹319.60 billion, up from ₹285.56 billion year-over-year. Asset quality improved with GNPA ratio decreasing to 3.78% and NNPA ratio to 0.38%. The bank's capital adequacy ratio stood at 17.01%, indicating a strong capital base.

24Jul 25

Punjab National Bank Appoints D. Anandan as New Director, Replacing Pankaj Sharma

Punjab National Bank (PNB) has appointed D. Anandan, Additional Secretary in the Department of Expenditure, Ministry of Finance, as a Director on its Board, replacing Pankaj Sharma. The appointment, effective immediately, follows a notification from the Department of Financial Services, Ministry of Finance. PNB confirmed that Anandan has no relationship with other directors and is not debarred from holding directorship by any authority.

05Jul 25

Punjab National Bank Shares in Focus as Nirav Modi's Brother Arrested in US

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.

03Jul 25

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

Punjab National Bank (PNB) has reported significant growth in its domestic operations. The bank's domestic business reached ₹26.17 trillion, marking an 11.1% year-over-year increase. Domestic deposits grew by 12% to ₹15.37 trillion, while domestic advances increased by 9.7%. Despite these positive indicators, analysts maintain a cautious outlook. Morgan Stanley and Citi Research have issued 'underweight' and 'sell' ratings respectively, citing moderated loan and deposit growth. PNB's shares fell over 2% following the Q1 business update.

02Jul 25

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

Punjab National Bank (PNB) announced a 11.60% year-over-year increase in gross business for Q1 FY25, reaching ₹27.19 lakh crore. The bank plans to waive penalty charges for non-maintenance of minimum average balance in savings accounts from July 1, 2025. Additionally, PNB Housing Finance proposes to issue Non-Convertible Debentures (NCDs) up to ₹10,000 crore.

01Jul 25

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

Punjab National Bank (PNB) has announced the waiver of penal charges for non-maintenance of minimum average balance in all savings accounts, effective July 1, 2025. This initiative aims to support priority segments including women, farmers, and low-income households, promoting financial inclusion and easier access to banking services. The move is expected to benefit millions of account holders, particularly those from economically weaker sections, by eliminating the fear of penalties associated with minimum balance requirements.

19Jun 25

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

Punjab National Bank (PNB) has announced June 20 as the record date for its proposed dividend of ₹2.9 per share, subject to approval at the AGM on June 27. The bank reported a 52% year-on-year increase in net profit, reaching ₹4,567.00 crore for the fourth quarter. If approved, the dividend payment is scheduled for July 10.

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.