Page 2 - Pnb

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

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Punjab National Bank Q4 results: Net profit rises 51.7 % to ₹4,567 cr

Punjab National Bank reported a 51.7 per cent rise in Q4FY25 profit as lower NPAs, higher retail credit and strong digital growth boosted overall performance

PNB Q4 result: Net profit rises 50% to ₹4,642.9 crore, revenue up by 13%

Punjab National Bank Q4 FY25 result: The board of directors of the company have recommended a dividend of ₹2.90 per equity share for the financial year 2024-25

PNB, Canara Bank to dilute stake in Canara HSBC Life Insurance through IPO

Company files DRHP; Canara to dilute 14.5% stake while PNB will dilute 10% stake

Mehul Choksi held in Belgium: Timeline of events leading to his arrest

Fugitive diamantaire Mehul Choksi has been arrested in Belgium for his alleged involvement in the ₹13,850 crore PNB bank loan fraud case

PNB asks customers to update KYC by April 10 to avoid account restrictions

Update can be done by visiting PNB branches, using the PNB ONE mobile app, internet banking services

Fitch upgrades viability rating for PNB and Union Bank of India

Both showed improved risk profile with better financial performance

PNB urges customers to update KYC by March 26 to avoid account restrictions

The KYC update can be done by visiting PNB branch, using the PNB ONE mobile app, Internet Banking Services (IBS), or sending the required documents via registered email or post to their base branch

PNB cuts loan rates: Check new interest rate for home, car, & personal loan

Interest rates for various loan products are effective from February 10

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Stocks to Watch, Feb 14, 2025: TaMo, Nazara Tech, Hindalco, Paytm, NTPC

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EMIs set to fall: PNB, Bank of Baroda, RBL Bank cut retail loan rates

The move comes after Reserve Bank of India reduced the policy repo rate by 25 bps on Friday

Punjab National Bank eyes $1.96 billion bad loan recovery in FY25, says CEO

PNB's asset quality has improved over the last two years, after a debilitating corporate bad loan cycle between 2011 and 2019

PNB Q3FY25 results: Net profit rises 102% to Rs 4,508 cr, NII up 7.2%

The bank's net interest income (NII) grew 7.22 per cent Y-o-Y to Rs 11,032 crore in Q3

PNB Q3 result: Profit more than doubles to Rs 4,508 cr, income Rs 34,752 cr

State-owned Punjab National Bank (PNB) on Friday posted more than twofold jump in net profit at Rs 4,508 crore for the third quarter ended December 2024. The bank had earned a net profit of Rs 2,223 crore in the same quarter a year ago. Total income increased to Rs 34,752 crore from Rs 29,962 crore in the same period a year ago, PNB said in a regulatory filing. Interest income also rose to Rs 31,340 crore from Rs 27,288 crore. On the asset quality front, the bank's gross non-performing assets ratio moderated to 4.09 per cent from 6.24 per cent a year ago. Similarly, net NPAs, or bad loans, came down to 0.41 per cent from 0.96 per cent at the end of the third quarter last fiscal. As a result, provisions for bad loans came down significantly to Rs 318 crore during the quarter from Rs 2,994 crore a year ago.

NCC, Divi's Labs among top picks by Ajit Mishra of Religare Broking

The markets experienced a volatile session and ended nearly flat, taking a breather after three consecutive days of gains

UCO Bank, Central Bank rise up to 9% in trade: here's why PSBs are surging

Among others, UCO Bank and Central Bank gained over 9 per cent and over 7 per cent respectively. Indian Overseas Bank shares were up over 6 per cent