PNB

Punjab National Bank reported a 9.57% year-on-year increase in global business during the third quarter, reflecting steady growth across both advances and deposits. The performance underscores the public sector lender’s improving balance-sheet strength and sustained credit demand in key segments. Management attributed the expansion to disciplined lending, higher retail participation, and improved asset quality. The growth comes amid a competitive banking environment marked by tight liquidity and cautious borrower sentiment.

Punjab National Bank (PNB) has reported a loan fraud involving former promoters of Srei Group, bringing renewed focus on governance failures and credit oversight within India’s financial system. The case, which has been formally reported to investigative agencies, underscores the risks associated with large-ticket corporate lending and the long tail of stress from infrastructure-focused nonbank lenders. While the alleged fraud pertains to legacy exposures, its disclosure highlights the banking sector’s continued efforts to clean up balance sheets and strengthen accountability.

Punjab National Bank (PNB) has reported an alleged fraud connected to the former promoters of SREI Infrastructure Finance and SREI Equipment Finance, adding another layer of scrutiny to one of India’s most high-profile corporate distress cases. The disclosure follows internal reviews and regulatory reporting requirements, underscoring the banking sector’s heightened focus on legacy exposures and accountability. While investigations are ongoing, the development highlights persistent vulnerabilities in lender oversight during the previous credit cycle.

In a significant development in the Punjab National Bank (PNB) fraud case, the court has discharged a senior executive director previously implicated in financial irregularities. The decision follows a detailed review of evidence, highlighting the lack of direct involvement or culpability in the alleged multi-crore scam. Legal experts suggest that the discharge underscores the importance of due process in high-profile corporate fraud investigations. The ruling provides relief to the executive while reinforcing the principle that accountability must be substantiated by clear evidence.

Punjab National Bank (PNB), one of India’s largest state-owned lenders, has announced an ambitious profit target of Rs. 16,000 crore for the financial year 2025–26. This strategic aspiration comes on the back of improved asset quality, a growing credit portfolio, and a sustained focus on cost optimization. After reporting a robust net profit of Rs. 8,245 crore in FY25, the bank plans to double its profitability by capitalizing on healthy economic momentum, expanding its loan book, and streamlining operational efficiencies.

Punjab National Bank (PNB), one of India’s largest public sector lenders, has unveiled an ambitious plan to scale its total business to Rs. 30 lakh crore by the end of FY26. With a focus on expanding both credit and deposit bases, the bank aims to achieve sustainable growth by leveraging digital transformation, strengthening its retail portfolio, and enhancing customer engagement. This strategic roadmap reflects the bank’s renewed push toward modernization and financial inclusion, amidst a competitive banking landscape.

Punjab National Bank (PNB) has issued a formal notice urging customers to complete their Know Your Customer (KYC) updates by August 8, 2025. This move is part of the bank's compliance with regulatory mandates to maintain accurate customer records and prevent misuse of banking services. Failure to update KYC by the stipulated deadline may result in temporary restrictions on account operations.

In response to expanding business demands, India’s public sector banks (PSBs) are set to onboard approximately 50,000 new employees in the current financial year, with around 21,000 officer-level positions and the remainder comprising clerical and support staff. Leading the recruitment drive, State Bank of India (SBI) plans to hire nearly 20,000 personnel, including specialized officers.

Punjab National Bank (PNB), one of India’s leading public sector banks, has announced a landmark policy shift by eliminating penalties for non-maintenance of minimum average balance in savings accounts, effective July 1, 2025. The decision is part of a broader initiative to promote financial inclusion, particularly benefiting vulnerable segments such as women, farmers, and low-income households. With this move, PNB aims to reduce barriers to formal banking, reinforcing its commitment to equitable access and customer-centric financial services.

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.