Punjab National Bank

Nirav Modi's Bank of India trial adjourned over UK prison paperwork delays

A London court has allowed a plea by fugitive diamond merchant Nirav Modi, wanted in India on fraud and money laundering charges, to adjourn a trial in an unrelated Bank of India unpaid loan case until March over UK prison delays. The 54-year-old accused, fighting extradition to India in the estimated USD 2 billion Punjab National Bank (PNB) loan scam, was shifted from Thameside prison in south London to HMP Pentonville, north London, in October to facilitate an appearance at the High Court in London. At an online review hearing for the USD 8-million Bank of India case on Friday, Judge Simon Tinkler partially granted Nirav's application to adjourn the eight-day January trial by a few weeks until March 23 next year following delays by UK prison authorities in providing access to important legal paperwork. There must, in my judgment, be some doubt as to whether those papers will ever make their way to Mr Modi if they indeed currently still exist, Justice Tinkler noted. It does seem t

After RBI's cut, PNB lowers repo-linked rates by 25 bps. Will EMIs soften?

With repo-linked rates easing, borrowers may see lighter EMIs in the next cycle

5 top quant multi-factor 'Buy' ideas from Motilal Oswal for December 2025

Multi-factor investing combines multiple proven metrics to identify stocks with strong potential, filtering out short-term volatility and focusing on consistent return

Shriram Finance soars 6%, surpasses PNB, Chola Investment in market-cap

In the past one month, Shriram Finance stock has outperformed the market by surging 23 per cent, as compared to 3.3 per cent rise in the BSE Sensex.

PNB, HPCL among top 5 stocks in Motilal Oswal quant multi-factor watchlist

LTI Mindtree stock price: Excels with top-tier quality and a significant earnings surprise, making it a robust choice for investors seeking financial stability and recent positive estimate revisions.

PNB shares upgraded to 'Add' at JM Financial; check outlook, target here

JM Financial upgraded the stock to 'Add' and set a target price of ₹125 per share, a potential upside of 6.2 per cent from Tuesday's closing price

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

Top jobs at PSBs: Pride and prejudice over opening doors to private talent

Opening top positions at public sector banks for private candidates is a welcome move. Delinking their salary from the IAS is the next logical step

PNB to allocate 20% of FY26 spend to boost IT, digital infra: CEO Chandra

PNB MD & CEO Ashok Chandra says the bank is investing heavily in technology upgrades, digital safety systems, and customer experience modernisation this fiscal

Motilal Oswal sees re-rating potential for PSU banks; SBI, PNB top bets

Despite a nearly 5x jump in aggregate mcap since FY20, most coverage PSBs still trade at reasonable valuations of 0.8-1x forward P/B & 5-7x FY27E EPS, leaving room for further upside.

PNB service charges change from Oct 1: Higher locker rents, SI fees

Charges for stop-payment and nomination revised, all new rates to apply from Oct 1

PNB, Bank of India trim MCLR rates: How decision may help borrowers

Customers repaying loans linked to older benchmark may benefit as revised terms come into effect

PNB set to sell NPAs worth ₹5,000 cr, eyes 50% minimum realisation: MD

In a bid to shore up recovery, the country's second-largest public sector lender Punjab National Bank (PNB) has identified about 100 non-performing asset (NPA) accounts for sale to asset reconstruction companies (ARCs) during the current financial year. "More than 100 accounts we have identified...the book size will be somewhere around Rs 4,000-5,000 crore. That is the outstanding book (for sale to ARCs)," PNB MD and CEO Ashok Chandra told PTI in an interview. Asked about the amount the bank can realise from the sale, he said, "We expect to recover something in the range of 40-50 per cent minimum. Through that route also, we are expecting a good recovery should happen this financial year". There may be an account where 100 per cent recovery is also going to take place because you have good security now, but in some cases it could be low, he said, adding that "we are anticipating that average recovery should be 40-50 per cent minimum". Chandra also said the bank has devised the righ

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 ...

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

Punjab National Bank falls 4% on Q1 results; should you buy, sell or hold?

PNB's share price was trading 2 per cent lower at ₹105.9 per share after the bank posted its June 2025 quarter results

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 Q1 net profit plunges 48% to ₹1,675 crore on higher tax outgo

PNB's profit dips due to switch to new tax regime; operating metrics improve with better asset quality, strong retail credit growth and healthy capital adequacy

Q1 results today: IndiGo, Tata Steel, Hyundai, PNB among 113 on July 30

Q1 FY26 company results today: InterGlobe Aviation Ltd, Power Grid Corporation of India, Hitachi Energy, and Zydus Wellness will release their April-June quarter earnings reports on July 30

PNB shares slip after reporting Q1 business updates; details here

Punjab National Bank shares fell 3 per cent even after its provisional global business rose 11.6 per cent year-on-year