Punjab National Bank

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Nifty PSU Bank index surges 2% in weak market; PNB, UBI gain up to 5%

At 11:31 AM on Wednesday, the Nifty PSU Bank index was the top gainer among sectoral indices up 1.6 per cent, as compared to a 0.74 per cent decline in the Nifty 50.

PNB to roll out wealth management services to boost non-interest income

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

No plan to monetise subsidiaries, focus on enhancing their value: PNB MD

With its capital adequacy ratio exceeding 18 per cent, Punjab National Bank has no immediate plans to monetise its subsidiaries, the bank's Managing Director and CEO Ashok Chandra said, adding that the lender will instead focus on strengthening their operations to unlock greater value in the future. PNB's capital adequacy improved to 18.13 per cent as on June 30, 2026, compared to 17.5 per cent at the end of the first quarter of the previous fiscal year. This is well above the regulatory requirement of 11.5 per cent. As the bank is well capitalised, the bank will not be raising any fund from the market to drive growth, Chandra told PTI in an interview. In fact this year, the bank will retire Rs 5,000 crore AT 1 and Tier II bonds, which are getting matured, he said, adding that this will help save Rs 300 crore as there would no longer be interest outgo on these papers. About monetisation of subsidaries or associates, Chandra said, "We don't have any plan now. In fact, we are ...

Appalled, horrified that Nirav Modi still here: UK shadow minister

Priti Patel, the British Indian minister who signed off on Nirav Modi's extradition order to India as home secretary in April 2021 after a prima facie case was established in court, has said she is "appalled and horrified" that he is still in the UK. Patel, shadow foreign secretary on the Conservative Opposition benches, told 'The Daily Telegraph' podcast in an episode to be released next week that the Indian authorities were "hugely angry" over Britain's failure to extradite the jeweller wanted for one of the country's biggest banking frauds. 'The Diamond King' four-part podcast series traces the newspaper's discovery of the fugitive diamond merchant hiding out in a luxury London flat leading to his eventual arrest by Scotland Yard in March 2019. "If our system were judicious and doing the right thing, rather than tying itself up in process and excuses, he should not be in this country," Patel is quoted as saying. "I'm actually pretty appalled and horrified that he's still here, a

Punjab National Bank's profit to cross ₹20,000 cr mark in FY27: MD Chandra

Enthused by the consistent financial performance of the last four quarters, Punjab National Bank MD and CEO Ashok Chandra exuded confidence that the bank's profit would surpass the Rs 20,000 crore mark this financial year. The public sector lender had earned a net profit of Rs 16,904 crore in the previous financial year. From the second quarter of last financial year, the bank has been maintaining a net profit of over Rs 5,000 crore every quarter, Chandra told PTI in an interview. "We have maintained the same trend in the first quarter (ongoing financial year). And I am hopeful and confident that with the profitable growth, which is happening in the system....we will be surpassing the Rs 5,000 crore number and every quarter will be reaching a new height," he said. Asked if the bank can cross the Rs 20,000 crore mark during FY27 at this run rate, he said, "If I am telling that every quarter Rs 5,000 crore of net profit will happen, I think that goes to that figure which you are talk

Punjab National Bank eyes entry into world's top 100 banks in next 2 years

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 rides CD ratio cushion, skips deposit chase

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

PNB Q1 profit triples to ₹5,253 crore; margins remain below guidance

Punjab National Bank's June-quarter profit jumped 214% on a favourable base, but net interest margin stayed below FY27 guidance despite improving asset quality and steady loan growth

PNB Q1FY27 result: Net profit jumps over threefold to ₹5,253 crore

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

Q1 results: HDFC Bank, Axis Bank, Kotak Mahindra among 21 firms on July 18

Q1FY27 company results: Firms including ICICI Bank, Punjab National Bank, IDBI Bank, Yes Bank, Punjab & Sind Bank, Can Fin Homes, and JK Cement are also to release their April-June earnings today

PNB partners Digital India BHASHINI to offer multilingual AI banking

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.

Banks' loan growth outpaces deposit growth in Q1 across public, pvt lenders

Business updates from public and private sector banks showed advances growing faster than deposits during the April-June quarter, reflecting sustained credit demand

Credit growth in FY27 could touch 14% despite West Asia crisis: PNB MD

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

PNB gains 3% on mixed Q4; analysts flag weak margins, eye up to 25% upside

Punjab National Bank reported a domestic NIM of 2.61 per cent for Q4FY26, as compared to 2.96 per cent in the corresponding quarter of the previous fiscal

PNB hikes cyber spend as AI models like Anthropic Mythos raise risks

The country's ‌third largest state-run lender by market capitalisation has earmarked about 20 per cent of its technology budget for cybersecurity, or roughly ₹700 crore to ₹800 crore

PNB Q4 result: Profit rises 14.4% to ₹5,225 crore; asset quality improves

State-owned Punjab National Bank (PNB) on Tuesday reported a 14.4 per cent year-on-year rise in net profit to Rs5,225crore for the three months ended March 2026, driven by higher interest income. The lender had earned a net profit of Rs 4,567 crore in the year-ago period. However, the bank's total income fell to Rs36,319crore during the quarter under review from Rs36,705 crore a year ago, PNB said in a regulatory filing. Interest income grew to Rs32,157crore from Rs31,989crore in the fourth quarter of the previous financial year. On the asset quality front, the bank's gross Non-Performing Assets (NPAs) improved to 2.95 per cent of gross advances as compared to 3.95per cent by the end of March 2025. Similarly, net NPAs came down to 0.29 per cent from 0.4 per cent. The board also recommended a dividend of Rs 3 per equity share for FY 2025-26, subject to approval of shareholders at the ensuing Annual General Meeting of the bank.

Nifty PSU Bank index soars over 3%; Canara, UBI, BOI rally up to 5%

At 09:30 AM on Friday; Nifty PSU Bank index, the top gainer among sectoral indices, was up 3.4 per cent, as compared to 1.2 per cent rise in the Nifty 50.

Nifty PSU Bank index soars 2%, hits new high; PNB, Canara, UBI shares up 3%

Thus far in the current week, the PSU Bank index has rallied 5.7 per cent, as against 0.74 per cent gain in the Nifty 50.

PSU Bank index outshines Nifty for 6th straight month; up 41% since Sep-25

Thus far in the month of February 2026, the Nifty PSU Bank index has rallied 5.5 per cent, as compared to 2 per cent rise in the benchmark Nifty 50.