The country's second largest public sector lender said that in line with the rationalisation call by the government, the bank is in the process of rationalisation of some of its branches.
"Ultimately, profit is now going to be the main focus of the bank," it said.
Bank's capital adequacy ratio stands above 9 per cent against the requirement of 8 per cent, it added.
Besides, in under its 'New Year Bonanza' scheme, it has fully waived documentation and processing fee requirement for housing, car and two wheeler loans.
The offer is available till end of the current fiscal.
Stock of PNB closed 5.97 per cent higher at Rs 176.75 on BSE on Thursday.