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SBI, BoB, PNB among 5 PSU Bank stocks that can rally up to 17%; say charts

PSU Bank stocks have outperformed in recent trading sessions amid reports of a likely hike in FII investment limit. Here are 5 stocks that look strong on technical charts.

PNB looks to achieve ₹4 trn corporate loan book in FY26: MD & CEO Chandra

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

PNB expects $1 billion hit in transition to new credit rules, says CEO

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

PNB Q2 results: Net profit up 14% at ₹4,904 cr on improved asset quality

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 to submit infrastructure financing report to DFS within 15 days

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

Credit card business to get fresh push from November onwards: PNB MD

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 signs MoU with CRPF to provide insurance, benefits under Rakshak Plus

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

PNB poised to touch landmark ₹30 trn total business by FY26 end: MD

Punjab National Bank (PNB) is well poised to touch the milestone of Rs 30 lakh crore total business by the end of the current financial year and the country's second biggest lender has the right strategy in place to achieve it, the bank's MD and CEO Ashok Chandra said. Total business of PNB rose by 11.6 per cent to Rs 27.19 crore at the end of the first quarter of the current financial year. PNB is closely followed by Bank of Baroda with total business of Rs 26.43 lakh crore while Canara Bank at Rs 25.64 lakh crore at the end of June 30, 2025. "We have a target of Rs 29.56 lakh crore for the current financial year. We may do better than our target and can touch Rs 30 lakh crore by March next year but let me add that we are very mindful that whatever the top line we are going to build, it should add profit to my bank," he told PTI. In an interview, Chandra emphasised that PNB is very conscious of the operating profit and even in the first quarter itself the bank has recorded the ...

UPI limits to KYC verification: Key changes in finance rules from Aug 1

SBI Card discontinues complimentary air accident insurance for some of its products and PNB requests customers to complete identity verification

Min balance fine removal may benefit PNB in long run: MD Ashok Chandra

Our domestic NIM currently stands at 2.84 per cent. Including our overseas portfolio of Rs 55,000 crore, the global NIM is around 2.70 per cent, says Chandra

PNB to focus on project financing to revive business loan growth: CEO

Apart from project financing, the bank will also target sectors such as real estate, rental discounting and data centres for lending opportunities, Chandra said

PNB urges customers to update KYC details by August 8 to avoid issues

In adherence to the Reserve Bank of India (RBI) guidelines, Punjab National Bank (PNB) has asked its customers to update their 'Know Your Customer' (KYC) information by August 8, to ensure smooth functioning of their accounts. Failure to update KYC details within the stipulated time may result in restrictions on account operations, it said. This is applicable only for those customers whose accounts are due for KYC updation as of June 30, 2025, PNB said in a statement. As part of the KYC compliance exercise, PNB customers are requested to provide their updated information like identity proof, address proof, recent photo, PAN/Form 60, income proof, mobile number (if not available) or any other KYC information at any branch, it said. It can also be done through PNB ONE/Internet Banking Services (IBS) or registered e-mail/post to their base branch by August 8, 2025.

PNB scheme helps 26 martyred soldiers' families with Rs 17 cr assistance

State-owned lender says special financial product is designed for defence and paramilitary personnel

Stocks to Watch today, June 18: Hindustan Zinc, BSE, PNB, M&M, Ola Electric

Stocks to Watch today, June 18: Hindustan Zinc, M&M, EMS, GMR Airports, L&T, and Alembic Pharma are among the stocks that will remain in focus today

Punjab National Bank slashes EV loan rates to 8.30% to drive green mobility

Financing: PNB's s Solar Rooftop Scheme offers financing of up to 10 kW for solar power systems with nil processing/documentation charges, attractive interest rates starting from 6.50%

PNB cuts education loan rates by 20 bps under PM Vidyalaxmi Scheme

PNB has cut interest rates on its Vidyalaxmi education loans by 20 basis points, bringing down rates from 7.7% to 7.5%

PNB targets ₹16k-cr recovery, aims to keep slippages below 1% in FY26: MD

Punjab National Bank (PNB) is targeting a significant recovery of Rs 16,000 crore and aims to keep slippages below 1 per cent in the current fiscal year to sustain profitability, the top official of the country's second biggest state-owned lender said. The total recovery of the bank stood at Rs 4,733 crore for the fourth quarter and Rs 14,336 crore for FY25 while overall slippages ratio was 0.73 per cent during the last financial year. "Going forward, maximization of recovery and preventing fresh slippages are going to be priority areas. We are targeting a higher total recovery of Rs 16,000 crore as against of recovery of about Rs 14,000 crore in FY'25...we are expecting that the quarterly our slippages will be in the range of around Rs 1,500 crore to Rs 1,700 crore," PNB MD and CEO Ashok Chandra told PTI in an interview. The bank is going to focus on recovery through the technical write off accounts, he said, adding, "I am expecting that Rs 6,000 crore of recovery will happen in th

PNB aims 58% of total loan book in FY26 from retail, agri, MSME loans: MD

State-owned Punjab National Bank (PNB) proposes to expand its RAM (retail, agriculture and MSMEs) sector lending to 58 per cent of its loan book in the current financial year with the help of various initiatives taken, including loan outreach. The bank closed FY25 with loan outstanding under RAM segment at Rs 6,02,682 crore, 56 per cent of the loan book. "We are planning to increase RAM from 56 per cent to 58 per cent in this financial year because that will give me the cushion against loss which is happening in due to reduction in the interest rate in the corporate and the RLLR (repo-linked lending rate) loan book," PNB MD & CEO Ashok Chandra told PTI in an interview. The volume increase in the RAM segment will help compensate for a loss due to further rate cuts, he said. Sharing the various initiatives taken to increase RAM, Chandra said the bank had conducted outreach activities for giving push to both retail and MSME lending in February on pan-India basis and these yielded a ..

Legacy issues behind us, PNB is charting a new growth path: Ashok Chandra

Leaving legacy issues behind, Punjab National Bank (PNB) has embarked on a new growth path with a distinct focus on operating profit to outdo competition in the current fiscal and subsequent years, its managing director Ashok Chandra has said. Reduction in NPAs, low-cost deposit mobilisation, increasing avenues for fee income enhancement and recovery from bad loans are other priority areas of the bank, which have been showing good improvement in various parameters, including net profit. For the financial year ended March 2025, PNB has emerged as the top bank in terms of profit growth among 12 public sector banks (PSBs) with a 102 per cent rise. The bank's net profit doubled to Rs 16,630 crore compared to Rs 8,245 crore in the previous fiscal. The bank has reported a 14 per cent rise in total business at Rs 26.83 lakh crore in FY25, one of the highest in the banking system. Pointing out that the bank had a lot of legacy issues, including one of the highest gross and net non-performi

Stocks to Watch, May 8: Britannia, Coal India, Dabur, Voltas, RIL, L&T, PNB

Stocks to Watch on May 8, 2025: Here is a list of stocks that will be on investors' and traders' radar on Thursday, May 8, 2025