PNB

Punjab National Bank (PNB), one of India's largest public sector lenders, has extended Rs. 17.02 crore in financial support to the families of 26 deceased defence and paramilitary personnel under its Rakshak Plus Scheme as of June 11, 2025. The initiative reinforces the bank’s dedication to the welfare of armed forces personnel and their dependents. By providing personal accident insurance up to Rs. 1.5 crore, the scheme reflects not only a financial commitment but a solemn tribute to those who have made the ultimate sacrifice in service to the nation.

Punjab National Bank (PNB) has entered into a strategic partnership with The Singareni Collieries Company Limited (SCCL) to roll out a tailor-made salary savings scheme offering substantial financial benefits to SCCL employees. The standout feature of the agreement, signed in Hyderabad, is an enhanced accidental insurance cover of Rs. 1.25 crore. The initiative also includes educational and matrimonial financial support for employees’ dependents, reflecting a comprehensive approach to employee welfare.

Punjab National Bank (PNB) has entered into an agreement to sell its entire stake in India SME Asset Reconstruction Company Ltd (ISARC) for Rs 34.04 crore. This decision follows the Reserve Bank of India's approval for a change in the sponsor of ISARC and a planned equity raise by Authum Investment and Infrastructure Limited. The transaction, which involves the sale of 2.09 crore shares at Rs 16.29 each, is set to be concluded by the end of the June quarter. The news has had a positive impact on PNB's stock, with shares rising by 1.93% on the Bombay Stock Exchange (BSE).

In a swift response to the Reserve Bank of India’s unexpected 50 basis points rate cut and reduction in the cash reserve ratio, Punjab National Bank (PNB) has announced a significant reduction of up to 50 basis points in its lending rates. This move will bring relief to both existing and new borrowers, lowering equated monthly installments (EMIs) on home and vehicle loans. The RBI’s decision to infuse additional liquidity by cutting the cash reserve ratio by 100 basis points to 3 percent has added Rs.

Punjab National Bank (PNB), one of India's leading public sector lenders, has reduced interest rates on its education loan offerings under the Vidyalaxmi Scheme by 20 basis points. The revision is aimed at making quality higher education more affordable for meritorious students across the country. Effective immediately, interest rates will now start from 7.5% for eligible candidates seeking admission into 860 Quality Higher Education Institutions (QHEIs) in India.

Punjab National Bank (PNB), India’s second-largest state-owned lender, is charting an ambitious course for fiscal year 2025–26 with a targeted recovery of Rs 16,000 crore and a sharp focus on containing slippages below 1%. The bank, which posted a staggering 102% year-on-year profit growth to Rs 16,630 crore in FY25, attributes its robust financial performance to prudent asset management and strategic expansion in the retail, agriculture, and MSME (RAM) segments.

Punjab National Bank (PNB), one of India’s largest public sector lenders, is strategically increasing its emphasis on RAM (Retail, Agriculture, and MSME) lending to shield its margins in an environment of falling interest rates. The bank concluded FY25 with Rs. 6.03 lakh crore in RAM lending, representing 56% of its total loan book, and aims to elevate this share to 58% in FY26.

State-owned Punjab National Bank (PNB) posted a remarkable 52% increase in net profit for the March quarter of the 2025 financial year, reaching ₹4,567 crore. This growth was driven by higher income and improved asset quality, with the bank reducing its non-performing assets (NPAs). In a broader view, PNB's full-year profit doubled to ₹16,630 crore. Additionally, the bank announced a ₹2.90 per share dividend for shareholders and revealed plans to raise up to ₹8,000 crore through bond issuance in the coming year.

The Reserve Bank of India (RBI) has recently imposed penalties on three major banks—Kotak Mahindra Bank, IDFC First Bank, and Punjab National Bank—for non-compliance with various regulatory directives. The penalties, which total over Rs. 1 crore, were imposed following lapses in areas such as loan systems, Know Your Customer (KYC) norms, and customer service guidelines. These actions serve as a reminder of the importance of strict adherence to regulatory frameworks in India’s banking sector.