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Punjab National Bank keeps MCLR rates unchanged from June 1

Punjab National Bank has maintained its Marginal Cost of Funds Based Lending Rates (MCLR) effective from June 1, 2026, with the overnight rate at 7.95% and the one-year rate at 8.75%. The Repo Linked Lending Rate (RLLR) and Base Rate also remain unchanged at 8.10% and 9.50% respectively.

30May 26

Punjab National Bank to hold 25th AGM on June 20, declares dividend

Punjab National Bank will hold its 25th AGM via video conferencing on June 20, 2026. The Board recommended a final dividend of ₹3 per share for FY26, with a record date of June 13, 2026. Remote e-voting is open from June 17 to June 19, 2026.

29May 26

Punjab National Bank recommends ₹3 dividend for FY26

Punjab National Bank will hold its 25th AGM on June 20, 2026, via video conferencing to transact ordinary and special business. The Board recommended a final dividend of ₹3 per share for FY26 with a record date of June 13, 2026. Remote e-voting is available from June 17 to June 19, 2026.

28May 26

Punjab National Bank sets net zero target for 2060 in FY26 BRSR

Punjab National Bank's FY26 Business Responsibility and Sustainability Report outlines a net zero target for 2060 and details its environmental and social performance. The bank reported Scope 3 emissions of 66.15 million tonnes CO2e, a 49.6% reduction in customer complaints, and investments in solar power infrastructure.

08May 26

Punjab National Bank Completes Motilal Oswal Analyst Meet on May 7, 2026

Punjab National Bank's representatives attended a physical group meeting organised by Motilal Oswal in Mumbai on 07.05.2026, from 10:30 a.m. to 11:15 a.m. The outcome was disclosed by Company Secretary Bikramjit Shom in continuation of the prior intimation dated 04.05.2026, confirming that only publicly available information was shared during the interaction.

07May 26

PNB Co MD Predicts 14% Credit Growth in FY27 Amid West Asia Crisis

Punjab National Bank's Co MD has projected 14% credit growth for FY27 despite the West Asia crisis, revising earlier guidance upward. The bank also maintains deposit growth guidance of 9%-10% and expects NIMs to remain stable in the 2.6%-2.7% range, underscoring a confident and structured financial strategy for the fiscal year.

07May 26

Punjab National Bank Makes Available Earnings Call Recording for Q4FY26 Under SEBI Regulation 30

Punjab National Bank has disclosed the availability of the audio/video recording of its Earnings Call with Analysts and Investors held on May 5, 2026, at 4:00 PM IST, covering audited financial results for the quarter and year ended March 31, 2026. The disclosure was made pursuant to Regulation 30 read with Clause 15(b) of Para A of Part A of Schedule III of SEBI (LODR) Regulations, 2015. The recording is accessible on the bank's official website at https://pnb.bank.in/financials-current.html. The filing was submitted to both NSE and BSE by Company Secretary Bikramjit Shom.

06May 26

PNB Q4 Net Profit Rises to ₹52B YoY; Analysts Split on Outlook After Results

Punjab National Bank reported Q4 net profit of ₹52B, beating estimates, with improving asset quality metrics, though fresh slippages rose sequentially. Post-results, CLSA maintained Outperform (TP ₹135) and Jefferies retained Buy (TP ₹130) citing PAT beat and improving fundamentals, while Morgan Stanley held Underweight (TP ₹88) flagging core revenue miss and one-off-driven headline profit. The board declared a ₹3/share dividend and scheduled the 25th AGM for June 20, 2026.

01May 26

PNB Keeps MCLR Rates Unchanged for May 2026

Punjab National Bank has announced that its MCLR rates will remain unchanged across all tenors effective from May 1, 2026, maintaining the same levels as April 1, 2026. The overnight MCLR stays at 7.95%, one-year MCLR at 8.75%, and three-year MCLR at 9.05%. Additionally, the Repo Linked Lending Rate (RLLR) at 8.10% and Base Rate at 9.50% remain unchanged.

30Apr 26

Punjab National Bank Schedules Q4FY26 Earnings Conference Call for May 5, 2026

Punjab National Bank has scheduled an earnings conference call for May 5, 2026 at 4:00 PM IST to discuss Q4FY26 audited financial results. The call will be hosted by Elara Securities and feature senior management including MD & CEO Ashok Chandra and four Executive Directors. Multiple international dial-in options are available for global participants, and the announcement was made in compliance with SEBI regulations.

23Apr 26

Punjab National Bank Opens Special Window for Physical Securities Transfer and Dematerialization

Punjab National Bank has opened a special one-year window from February 05, 2026 to February 04, 2027 for transfer and dematerialization of physical securities purchased before April 1, 2019. The facility, mandated by SEBI Circular dated January 30, 2026, also accommodates previously rejected transfer requests. Investors must maintain active KYC-compliant demat accounts and submit requests through M/s BEETAL Financial & Computer Services Pvt Ltd, the bank's designated RTA, with complete documentation by February 04, 2027.

15Apr 26

Punjab National Bank Appoints Mousumi Majumdar as Group Chief Risk Officer

Punjab National Bank has appointed Smt. Mousumi Majumdar as Group Chief Risk Officer, effective from 15.04.2026. She transitions from her role as Chief General Manager in Credit Review and Monitoring Division to assume the GCRO position. Majumdar brings over 34 years of banking experience and holds qualifications including a Bachelor of Science in Chemistry and CAIIB certification.

13Apr 26

Punjab National Bank Changes Registrar and Share Transfer Agent from Beetal Financial to KFin Technologies

Punjab National Bank's Board of Directors approved changing its Registrar and Share Transfer Agent from Beetal Financial & Computer Services to KFin Technologies Limited on April 13, 2026. The decision resulted from a structured RFP process, with the effective date to be announced after completing data transition and receiving NSDL/CDSL confirmations. Beetal Financial will continue services during the transition period.

07Apr 26

Punjab National Bank Submits RTA Compliance Certificate for Q4 FY26

Punjab National Bank filed its quarterly RTA confirmation certificate with NSE and BSE on April 7, 2026, covering Q4 FY26 ended March 31, 2026. The certificate ensures compliance with SEBI Regulation 74(5) for depositories and participants. RTA Beetal Financial & Computer Services confirmed proper processing of dematerialization requests, including timely verification, cancellation of physical certificates, and substitution of depository names in member registers within 15 days.

06Apr 26

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

Morgan Stanley maintains Underweight rating on Punjab National Bank with ₹100 target price, citing moderated QoQ loan growth of ~2.5% despite 13% YoY improvement. The bank showed stronger deposit growth at ~9.2% YoY and improved liquidity with LDR at ~72.5%. Despite gradual balance-sheet improvement, concerns about uneven growth patterns influence the cautious outlook.

06Apr 26

Citi Maintains Sell Rating on Punjab National Bank with Target Price ₹115

Citigroup maintains its Sell rating on Punjab National Bank with a ₹115 target price despite the bank showing 13% YoY loan growth and 9.2% deposit growth. While the bank demonstrated strong overseas advances and maintains a ₹1.02 trillion corporate credit pipeline with mid-teens RAM growth outlook, analysts noted moderation in QoQ momentum. The LDR ratio eased to 73.7% as growth overshot guidance.

04Apr 26

Punjab National Bank Continues Senior Management Restructuring with Additional Changes

Punjab National Bank has implemented a phased senior management restructuring, with the latest changes affecting 4 officials including reassignments of Sanjay Gupta and Rajesh Prasad in operational divisions, and zonal management changes for P Mahendar and Priyankar Pandey. This follows an earlier comprehensive restructuring of 11 officials, demonstrating the bank's commitment to organizational optimization.

04Apr 26

Punjab National Bank Reports No Share Encumbrance in PNB Housing Finance for FY2026

Punjab National Bank disclosed no encumbrance of its shares in PNB Housing Finance Limited during the year ended 31.03.2026. The disclosure was made on 04.04.2026 to NSE and BSE under SEBI (SAST) Regulations, 2011. As the promoter/promoter group, the bank confirmed no direct or indirect encumbrance was created on its shareholding during the specified period.

04Apr 26

Punjab National Bank Reports No Share Encumbrance in PNB Gilts Limited for FY26

Punjab National Bank disclosed to stock exchanges that it made no encumbrance of its shareholding in PNB Gilts Limited during the year ended 31.03.2026. The disclosure, made on 04.04.2026, complies with SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. As the promoter of PNB Gilts Limited, the bank confirmed no direct or indirect encumbrance was created on its shares during the financial year, with the information communicated to the subsidiary's Audit Committee.

04Apr 26

Punjab National Bank Reports No Share Pledge by Government Promoter for FY26

Punjab National Bank disclosed that Government of India, holding 70.08% of the bank's paid-up share capital, created no pledge or encumbrance on its shareholding during FY26 ended March 31, 2026. The disclosure was made by Company Secretary Bikramjit Shom on April 4, 2026, in compliance with SEBI Takeover Regulations 31(4) and (5). This regulatory filing ensures transparency regarding the promoter's substantial shareholding status for market participants.

02Apr 26

Punjab National Bank Reports Strong Growth in Global Business and Advances for March 2026

Punjab National Bank announced robust provisional business figures for March 31, 2026, with global business growing 10.79% year-on-year to ₹29,72,896 crores. The bank demonstrated strong deposit mobilization with global deposits reaching 17 trillion rupees compared to 15.7 trillion in the previous year, while domestic deposits grew to 16.5 trillion from 15 trillion rupees. The advances portfolio showed particularly impressive performance with global advances growing 12.97% annually to ₹12,61,420 crores.

31Mar 26

Punjab National Bank Maintains MCLR Rates Unchanged for April 2026

Punjab National Bank has kept its MCLR rates unchanged for April 1, 2026, maintaining the same structure effective from March 1, 2026. The rates range from 7.95% for overnight tenor to 9.05% for three-year tenor, with the benchmark one-year MCLR at 8.75%. The bank also maintained its RLLR at 8.10% and Base Rate at 9.50%, reflecting stability in funding costs and market conditions.

26Mar 26

Punjab National Bank Announces Change in Statutory Central Auditors for FY2025-26

Punjab National Bank announced changes to its Statutory Central Auditors for FY2025-26 following an RBI directive dated March 25, 2026. M/s P S D & Associates ceased to be part of the SCA team with immediate effect, while four firms continue as auditors: M/s Ummed Jain & Co. (Mumbai), M/s N K Bhargava & Co. (Delhi), M/s Prem Gupta & Co. (Delhi), and M/s P A & Associates (Odisha). The disclosure was made in compliance with SEBI (LODR) Regulations.

11Mar 26

Punjab National Bank Fined Rs 5,66,500 by RBI for Currency Chest Shortage

Punjab National Bank disclosed a Rs 5,66,500 monetary penalty imposed by the Reserve Bank of India for shortage of notes at currency chest. The bank received the penalty order on March 10, 2026, and made the disclosure under SEBI LODR regulations. The financial impact is limited to the penalty amount with no broader operational implications mentioned.

05Mar 26

Punjab National Bank Appoints Sanjeev Kumar Dhupar as Chief General Manager

Punjab National Bank has appointed Shri Sanjeev Kumar Dhupar as Chief General Manager for Agriculture & Priority Sector and Financial Inclusion Division, effective March 5, 2026. Dhupar moves from his role as Chairman of RRB Haryana Gramin Bank, bringing over 32 years of banking experience and CAIIB certification to his new position at the bank's Head Office.

03Mar 26

Punjab National Bank Appoints Debasish Gangopadhyay as Zonal Manager-GM in Senior Management Reshuffle

Punjab National Bank has appointed Shri Debasish Gangopadhyay as Zonal Manager-GM at the Guwahati Zonal Office, effective March 2, 2026. He transitions from his previous role as Chairman (Scale VII) at RRB Assam Gramin Vikash Bank, Guwahati. With over 25 years of banking experience and CAIIB qualification, the appointment strengthens the bank's senior management structure in the northeastern region.

27Feb 26

Punjab National Bank Maintains MCLR Rates Unchanged Effective March 1, 2026

Punjab National Bank has decided to keep all MCLR rates unchanged effective March 1, 2026, with rates ranging from 7.95% for overnight tenor to 9.05% for three-year tenor. The one-year MCLR remains at 8.75%, while RLLR stays at 8.10% and Base Rate at 9.50%. This decision was communicated to stock exchanges on February 27, 2026, reflecting the bank's assessment of current funding costs and market conditions.

27Feb 26

Punjab National Bank Appoints Shri Vinay Kumar as Chairman RRB Assam Gramin Vikash Bank

Punjab National Bank announced the appointment of Shri Vinay Kumar as Chairman RRB (Scale VII) at RRB Assam Gramin Vikash Bank, Guwahati, effective February 27, 2026. Kumar transitions from his previous role as Zonal Manager-GM at the bank's Guwahati Zonal Office. He brings over 31 years of banking experience along with qualifications including MBA in Banking and Finance and CAIIB certification. The appointment was disclosed under SEBI Regulation 30 compliance requirements.

26Feb 26

Punjab National Bank Participates in Kotak Institutional Equities' Chasing Growth 2026 Conference

Punjab National Bank representatives participated in Kotak Institutional Equities' Chasing Growth 2026 conference on February 26, 2026, in Mumbai. The bank engaged in one-to-one and group meetings starting from 12:00 p.m., sharing only publicly available information. This participation was disclosed to stock exchanges in compliance with SEBI (LODR) Regulations, 2015, following an earlier intimation dated February 20, 2026.

25Feb 26

Fitch Ratings Upgrades Punjab National Bank's Viability Rating to 'bb', Affirms IDR at 'BBB-'/Stable

Fitch Ratings upgraded Punjab National Bank's Viability Rating to 'bb' from 'bb-' while affirming the Long-Term IDR at 'BBB-'/Stable. The upgrade reflects improved asset quality with impaired loans falling to 3.20% in 9MFY26, enhanced profitability metrics, and strengthened capitalisation with CET1 ratio reaching 13.80%. The bank benefits from government support through 70.00% state ownership and maintains robust funding with customer deposits comprising 95.00% of total funding.

23Feb 26

Punjab National Bank Participates in Goldman Sachs 2026 Asia Financials Corporate Day Virtual Meeting

Punjab National Bank participated in Goldman Sachs 2026 Asia Financials Corporate Day virtual group meeting on February 23, 2026, starting at 12:00 p.m. The bank's representatives shared only publicly available information during the investor and analyst interaction, maintaining compliance with SEBI (LODR) Regulations, 2015 under Regulation 30.

31Jan 26

Punjab National Bank Maintains MCLR Rates Unchanged Effective February 1, 2026

Punjab National Bank has kept all its lending rates unchanged for February 2026, with MCLR rates ranging from 7.95% for overnight tenor to 9.05% for three-year tenor. The bank also maintained its RLLR at 8.10% and Base Rate at 9.50%, indicating stable funding cost assessment.

27Jan 26

Punjab National Bank Reports Strong Q3FY26 Performance with 13.13% Net Profit Growth

Punjab National Bank reported strong Q3FY26 results with net profit growing 13.13% YoY to INR5,100 crores and operating profit rising 13% to INR7,481 crores. Asset quality improved significantly with GNPA declining to 3.19% from 4.09% last year and NNPA reducing to 0.32%. The bank made prudential floating provisions of INR955 crores for ECL transition preparation. Global business reached INR28.92 trillion with balanced growth in deposits (8.5%) and advances (10.9%), while maintaining strong recovery performance at 2.2 times slippages.

23Jan 26

Punjab National Bank Issues Regulatory Notice for Scheduled Bank Strike on January 27, 2026

Punjab National Bank has issued a regulatory notice regarding a bank strike scheduled for January 27, 2026, called by the United Forum of Bank Unions and All India Bank Officers Association. While the bank is preparing to maintain operations, it warns that branch and office functioning may be affected if the strike proceeds. The notification, signed by Company Secretary Bikramjit Shom on January 23, 2026, ensures compliance with SEBI regulations and provides advance warning to stakeholders.

20Jan 26

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

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.

20Jan 26

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

Punjab National Bank shares fell 5% over two sessions despite reporting 13% YoY profit growth to ₹5,100 crore in Q3, as investors focused on margin pressure with NIM contracting 8 bps to 2.52% and FY26 guidance cut to 2.6%. While asset quality improved with gross NPAs at 3.19% and loan growth sustained at 10% YoY, brokerages remain divided with some citing persistent margin concerns while others see value in improving fundamentals.

20Jan 26

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

CLSA has assigned an Outperform rating to Punjab National Bank with a target price of ₹145. The positive rating from the global brokerage reflects confidence in the public sector bank's performance potential and provides investors with a price benchmark for evaluating the stock's prospects.

20Jan 26

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

Motilal Oswal Securities has maintained its Buy recommendation on Punjab National Bank with a target price of ₹145. The brokerage firm's continued positive stance reflects confidence in the public sector bank's prospects and provides investors with guidance on the stock's potential performance.

20Jan 26

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

Morgan Stanley has maintained its underweight rating on Punjab National Bank with a target price of ₹100.00 per share. The underweight rating indicates a cautious outlook, suggesting investors should hold smaller positions in PNB stock relative to benchmark weightings. This rating reflects concerns about the public sector bank's near-term performance prospects in the current market environment.

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.

05Jan 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.

11Dec 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.

08Dec 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.