PNB

To enhance its non-interest income, Punjab National Bank is planning to roll out wealth management services by December, the bank's managing director and CEO Ashok Chandra said. "The first stage of our wealth management strategy is to ensure that the bank has Customer Relationship Managers (CRMs) in place. Six months ago, we deployed around 1,700 CRMs across 1,700 branches. Their primary KRA (key responsibility area) is to manage and take care of approximately 250 to 300 top customers in each branch," he told PTI in an interview. The public sector lender is now planning to deploy another 1,300 CRMs and by end of this month. It would deploy them in another identified 1,300 branches. "That was the first step we undertook. We have also started engaging with consultants for our wealth management initiative. Very shortly, we expect to initiate the RFP process to appoint a partner for wealth management services. "I believe that within the next three to four months, our wealth management

Currently, only State Bank of India, the country's biggest lender, and private-sector leader HDFC Bank Ltd. rank in the top 100 global sector list by total assets

Punjab National Bank (PNB) managing director and CEO Ashok Chandra has said that the bank would enter into acquisition finance in the third quarter of the current financial year as the RBI recently opened the window for lenders. Earlier this year, the Reserve Bank came out with final guidelines on acquisition finance by banks, increasing the lending limit to up to 75 per cent of the deal value from the 70 per cent proposed in the draft rules. "The acquisition finance market is a very, very big market and ample opportunities are there in the system. We have got our policy approved for the acquisition financing in the last board meeting," he told PTI in an interview. "We are looking for a good partner and then maybe from Q3 onwards, we will be initiating some work in the acquisition financing," he said. To begin with, he said, the bank would be starting acquisition finance with the domestic entities, and this will help the bank to diversify their asset portfolio. While permitting th

PNB says its low credit-deposit ratio gives enough room to sustain loan growth, delaying aggressive deposit mobilisation while focusing on margins

Punjab National Bank (PNB) on Saturday reported an over three-fold jump in standalone net profit at Rs 5,253 crore for the quarter ended June 30, 2026. The state-owned bank had posted a net profit of Rs 1,675 crore in the year-ago period. Total income in the quarter under review remained static at Rs 37,231 crore, PNB said in a regulatory filing. However, the lender's interest income increased marginally to Rs 32,897 crore, from Rs 31,964 crore in the same quarter a year ago. During the period, the bank's operating profit rose to Rs 7,519 crore, as compared to Rs 7,081 crore in the same quarter a year ago. The bank's asset quality improved as gross non-performing assets (NPAs) declined to 2.78 per cent of gross advances at the end of the June quarter, from 3.78 per cent a year ago. Gross Non-Performing Assets (GNPA) in absolute terms declined by Rs 7,292 crore to Rs 35,381 crore from Rs 42,673 crore, while Net Non-Performing Assets (NNPA) eased by Rs 699 crore to Rs 3,433 crore

Public sector lender Punjab National Bank (PNB) has signed a Memorandum of Understanding (MoU) with Digital India BHASHINI Division (DIBD) for facilitating multilingual AI banking. Through this partnership, BHASHINI's advanced multilingual AI capabilities will be integrated into PNB's digital platforms, PNB said in a statement on Thursday. This will empower customers to access banking services seamlessly in multiple Indian languages via both voice and text, it said. Speaking on the occasion, PNB Executive Director M Paramasivam said by combining multilingual AI with public service delivery, this initiative will help bridge language barriers and ensure that digital banking services are more accessible, equitable, and citizen-friendly for people across the country.

PNB sees credit growth touching 14% in FY27 despite West Asia risks, with ECLGS 5.0 expected to support MSMEs and sustain lending momentum

State-owned banks PNB and Central Bank of India report strong double-digit credit growth in FY26, with advances rising faster than deposits across lenders

From April 1, 2026, major banks like HDFC Bank, PNB, and Bandhan Bank are changing ATM rules. UPI withdrawals will now count toward limits, daily caps are being cut, and fees may kick in faster.

PNB reported a net profit of about ₹5,100 crore for the quarter, up in low double digits year-on-year (Y-o-Y), supported largely by a sharp rise in non-interest income.

Punjab National Bank posts its highest-ever quarterly profit in Q3FY26, aided by strong non-interest income, improved asset quality and higher capital adequacy

PNB recorded a decline of13.6 per cent in its net non-performing assets (NNPA) to ₹3,834 crore as of December 2025, from ₹4,437 crore a year earlier

State-owned lender said it reported fraud of over Rs 2,000 crore linked to erstwhile promoters of SREI entities and has made provisions for the entire outstanding amount

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The bank is also expanding digital offerings, growing its credit card base, and re-entering the West Asian market with plans to reopen its Dubai office, said Ashok Chandra

The country's third-largest state-owned lender by market capitalisation is one of the first to disclose an estimate on the likely effect of the rules

Punjab National Bank on Saturday reported 14 per cent rise in standalone net profit at Rs 4,904 crore for September quarter FY26. It had logged a profit of Rs 4,303 crore in the year-ago period, the state-owned lender said in a BSE filing. Operating profit in July-September was at Rs 7,227 crore and Rs 14,308 crore in April-September (H1) FY26, recording a growth of 5.46 per cent and 6.51 per cent, respectively on year-on-year basis. Total income in the second quarter was at Rs 36,214 crore and Rs 73,445 crore in H1FY26, clocking a YoY growth of 5.1 per cent and 10.3 per cent, respectively. Bank's net interest income (NII) increased to Rs 21,047 crore in H1FY26 from Rs 20,993 crore in H1FY25, showing an improvement of 0.26 per cent on year-on-year basis. Gross NPA ratio improved by 103 basis points to 3.45 per cent as on September 2025 from 4.48 per cent a year ago. Net NPA ratio improved by 10 basis points to 0.36 per cent from 0.46 per cent as on September 2024. The bank furthe

NaBFID will consult stakeholders and submit a report to the Department of Financial Services in 15 days after a meeting chaired by DFS Secretary M Nagaraju with top banks and DFIs

In a bid to enhance other income, Punjab National Bank (PNB) plans to give a fresh push to its credit card operations from November onwards as it expects its revamped IT infrastructure to be in place by that time. "PNB credit card is not visible in the market, although the features are at par with any other card in the market. Therefore, we have strengthened the credit card division and put a general manager in-charge for the business. "We are also enhancing digital infrastructure to support the business. So, total revamping is happening in the credit card business," the bank's MD Ashok Chandra told PTI. The bank is planning to reshape this entire activity and come up with new direction for growing the credit card business, he said, adding that "in next 3 months, the revamped IT infra will be in place and I am very hopeful that by November or December onwards, PNB will be in full swing as far as credit card business is concerned". Chandra also said the bank is in the process of ...

PNB has signed a memorandum of understanding (MoU) with CRPF to provide insurance, financial services, and Rakshak Plus benefits to personnel, pensioners, and their families