PNB
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** State-owned lender Punjab National Bank PNBK.NS rises as much as 3.66% to 113.58 rupees; last up 2.5%
** Global advances rise 14.8% year-on-year in the September quarter, PNBK said in a business update on Friday
** Domestic deposits rise 9.44%
** Motilal Oswal says PNBK's update signals robust business growth with global credit-deposit ratio inching up 175bps on a sequential basis; reiterates "buy"
** PNBK shares down 9.2% in 2026 so far vs 8.2% drop in Nifty Bank index .NSEBANK
(Reporting by Bharath Rajeswaran in Bengaluru)
(([email protected]; +91 9769003463;))
** State-owned lender Punjab National Bank PNBK.NS rises as much as 3.66% to 113.58 rupees; last up 2.5%
** Global advances rise 14.8% year-on-year in the September quarter, PNBK said in a business update on Friday
** Domestic deposits rise 9.44%
** Motilal Oswal says PNBK's update signals robust business growth with global credit-deposit ratio inching up 175bps on a sequential basis; reiterates "buy"
** PNBK shares down 9.2% in 2026 so far vs 8.2% drop in Nifty Bank index .NSEBANK
(Reporting by Bharath Rajeswaran in Bengaluru)
(([email protected]; +91 9769003463;))
Oct 2 (Reuters) - Punjab National Bank PNBK.NS:
PUNJAB NATIONAL BANK - DOMESTIC ADVANCES AS OF SEPT END UP 12.59% Y/Y
PUNJAB NATIONAL BANK - DOMESTIC DEPOSITS AT 17.12 TRILLION RUPEES, GROWTH 9.44% Y/Y AS OF SEPT END
Source text: ID:nBSEc19TpW
Further company coverage: PNBK.NS
(([email protected];))
Oct 2 (Reuters) - Punjab National Bank PNBK.NS:
PUNJAB NATIONAL BANK - DOMESTIC ADVANCES AS OF SEPT END UP 12.59% Y/Y
PUNJAB NATIONAL BANK - DOMESTIC DEPOSITS AT 17.12 TRILLION RUPEES, GROWTH 9.44% Y/Y AS OF SEPT END
Source text: ID:nBSEc19TpW
Further company coverage: PNBK.NS
(([email protected];))
Oct 1 (Reuters) - Punjab National Bank PNBK.NS:
PUNJAB NATIONAL BANK - RECEIVES ADMINISTRATIVE WARNING LETTER FROM SEBI FOR INSIDER TRADING VIOLATIONS
Source text: ID:nBSE560Fmy
Further company coverage: PNBK.NS
(([email protected];))
Oct 1 (Reuters) - Punjab National Bank PNBK.NS:
PUNJAB NATIONAL BANK - RECEIVES ADMINISTRATIVE WARNING LETTER FROM SEBI FOR INSIDER TRADING VIOLATIONS
Source text: ID:nBSE560Fmy
Further company coverage: PNBK.NS
(([email protected];))
Sept 9 (Reuters) - Punjab National Bank PNBK.NS:
PUNJAB NATIONAL BANK - NOTIFIES OF STRIKES IN SEPTEMBER AND OCTOBER; SMOOTH FUNCTIONING OF BRANCHES AND OFFICES MAY BE AFFECTED
Source text: ID:nBSE1yXNlG
Further company coverage: PNBK.NS
(([email protected];))
Sept 9 (Reuters) - Punjab National Bank PNBK.NS:
PUNJAB NATIONAL BANK - NOTIFIES OF STRIKES IN SEPTEMBER AND OCTOBER; SMOOTH FUNCTIONING OF BRANCHES AND OFFICES MAY BE AFFECTED
Source text: ID:nBSE1yXNlG
Further company coverage: PNBK.NS
(([email protected];))
Aug 31 (Reuters) - Punjab National Bank PNBK.NS:
PUNJAB NATIONAL BANK - ONE YEAR MCLR UNCHANGED AT 8.80% EFFECTIVE SEPTEMBER 1
Source text: ID:nBSE1d9kr8
Further company coverage: PNBK.NS
(([email protected];))
Aug 31 (Reuters) - Punjab National Bank PNBK.NS:
PUNJAB NATIONAL BANK - ONE YEAR MCLR UNCHANGED AT 8.80% EFFECTIVE SEPTEMBER 1
Source text: ID:nBSE1d9kr8
Further company coverage: PNBK.NS
(([email protected];))
Aug 21 (Reuters) - Punjab National Bank PNBK.NS:
INDIA CENBANK IMPOSES MONETARY PENALTY OF 433,900 RUPEES ON CO
Source text: ID:nBSEbFrN7X
Further company coverage: PNBK.NS
(([email protected];;))
Aug 21 (Reuters) - Punjab National Bank PNBK.NS:
INDIA CENBANK IMPOSES MONETARY PENALTY OF 433,900 RUPEES ON CO
Source text: ID:nBSEbFrN7X
Further company coverage: PNBK.NS
(([email protected];;))
By Dharamraj Dhutia and Khushi Malhotra
MUMBAI, Aug 17 (Reuters) - Indian lenders are rushing dollar loan and bond issues over the next two weeks after the central bank unexpectedly advanced the end date for an FX swap facility that banks were using for hedging exposure to deposits raised from diaspora.
As part of a raft of measures to boost inflows, lenders were permitted to use these overseas borrowings to offer loans to non-resident Indians. Banks' overseas fundraising had also been subsidised.
Now, with the Reserve Bank of India announcing the closure of the forex swap window for August 31, a month earlier than initially planned, Indian private and state-run banks are on track to raise at least $5 billion through a combination of bonds and loans, four bankers said.
"Some of the fund raising plans have been brought forward to utilize the last few days," Akshay Naik, India head of debt capital markets at Citi, said.
"We will have one of the busiest windows for the next 6-8 days from India. Few institutions who are not ready may need to drop their plan if it was solely meant for FCNR leverage."
Large private-sector lenders such as ICICI Bank ICBK.NS and HDFC Bank HDBK.NS are in talks to raise about $1.5 billion each via dollar bonds and loans, while peers including Axis Bank AXBK.NS, YES Bank YESB.NS, RBL Bank RATB.NS and Kotak Mahindra Bank KTKM.NS are planning to raise at least $500 million each through overseas debt markets, bankers said.
State-run lenders State Bank of India SBI.NS, Bank of Baroda BOB.NS, Punjab National Bank PNBK.NS, Canara Bank CNBK.NS, Union Bank of India UNBK.NS, Bank of India BOI.NS and Central Bank of India CBI.NS are targeting dollar raises of $250 million to $500 million each, with the larger banks likely to target bigger issues, the bankers said.
None of the lenders replied to Reuters emails seeking comment.
All the bankers declined to be named as the discussions are private.
BANKS ON TRACK FOR RECORD DOLLAR FUNDRAISING
Indian lenders have raised a combined $5.93 billion through dollar bond sales and loans so far this year, according to LSEG data through August 11.
The tally has climbed by another $1.2 billion, following debt sales by two large state-run lenders last week.
Over the last 15 years, banks' annual foreign borrowing topped $6 billion on three occasions, including in 2013, when the RBI had opened a swap window.
"Would expect $5-7 billion of additional bond and loan issuances for the remainder of year," Naik said.
(Reporting by Dharamraj Dhutia and Khushi Malhotra; Editing by Mrigank Dhaniwala)
By Dharamraj Dhutia and Khushi Malhotra
MUMBAI, Aug 17 (Reuters) - Indian lenders are rushing dollar loan and bond issues over the next two weeks after the central bank unexpectedly advanced the end date for an FX swap facility that banks were using for hedging exposure to deposits raised from diaspora.
As part of a raft of measures to boost inflows, lenders were permitted to use these overseas borrowings to offer loans to non-resident Indians. Banks' overseas fundraising had also been subsidised.
Now, with the Reserve Bank of India announcing the closure of the forex swap window for August 31, a month earlier than initially planned, Indian private and state-run banks are on track to raise at least $5 billion through a combination of bonds and loans, four bankers said.
"Some of the fund raising plans have been brought forward to utilize the last few days," Akshay Naik, India head of debt capital markets at Citi, said.
"We will have one of the busiest windows for the next 6-8 days from India. Few institutions who are not ready may need to drop their plan if it was solely meant for FCNR leverage."
Large private-sector lenders such as ICICI Bank ICBK.NS and HDFC Bank HDBK.NS are in talks to raise about $1.5 billion each via dollar bonds and loans, while peers including Axis Bank AXBK.NS, YES Bank YESB.NS, RBL Bank RATB.NS and Kotak Mahindra Bank KTKM.NS are planning to raise at least $500 million each through overseas debt markets, bankers said.
State-run lenders State Bank of India SBI.NS, Bank of Baroda BOB.NS, Punjab National Bank PNBK.NS, Canara Bank CNBK.NS, Union Bank of India UNBK.NS, Bank of India BOI.NS and Central Bank of India CBI.NS are targeting dollar raises of $250 million to $500 million each, with the larger banks likely to target bigger issues, the bankers said.
None of the lenders replied to Reuters emails seeking comment.
All the bankers declined to be named as the discussions are private.
BANKS ON TRACK FOR RECORD DOLLAR FUNDRAISING
Indian lenders have raised a combined $5.93 billion through dollar bond sales and loans so far this year, according to LSEG data through August 11.
The tally has climbed by another $1.2 billion, following debt sales by two large state-run lenders last week.
Over the last 15 years, banks' annual foreign borrowing topped $6 billion on three occasions, including in 2013, when the RBI had opened a swap window.
"Would expect $5-7 billion of additional bond and loan issuances for the remainder of year," Naik said.
(Reporting by Dharamraj Dhutia and Khushi Malhotra; Editing by Mrigank Dhaniwala)
July 29 (Reuters) - Punjab National Bank PNBK.NS:
PUNJAB NATIONAL BANK - BOARD APPROVES MTN PROGRAMME UP TO USD 1.5 BILLION AND BOND ISSUANCE VIA IFSC UNIT
Source text: ID:nBSE8gSvh1
Further company coverage: PNBK.NS
(([email protected];))
July 29 (Reuters) - Punjab National Bank PNBK.NS:
PUNJAB NATIONAL BANK - BOARD APPROVES MTN PROGRAMME UP TO USD 1.5 BILLION AND BOND ISSUANCE VIA IFSC UNIT
Source text: ID:nBSE8gSvh1
Further company coverage: PNBK.NS
(([email protected];))
July 24 (Reuters) - Punjab National Bank PNBK.NS:
PUNJAB NATIONAL BANK - TO CONSIDER AND APPROVE PROPOSAL FOR RAISING OF FOREIGN CURRENCY FUNDS THROUGH DEBT ISSUANCE
Source text: ID:nBSE9blvMB
Further company coverage: PNBK.NS
(([email protected];;))
July 24 (Reuters) - Punjab National Bank PNBK.NS:
PUNJAB NATIONAL BANK - TO CONSIDER AND APPROVE PROPOSAL FOR RAISING OF FOREIGN CURRENCY FUNDS THROUGH DEBT ISSUANCE
Source text: ID:nBSE9blvMB
Further company coverage: PNBK.NS
(([email protected];;))
By Nishit Navin
BENGALURU, July 20 (Reuters) - India's Punjab National Bank PNBK.NS expects loan growth to accelerate in fiscal 2028, after it completes pruning its lower-yielding retail and corporate loans, a strategy that has weighed on credit growth but improved profitability, its CEO said.
The state-run lender retained its loan growth target of 12%-13% for the current financial year as it allows older, lower-yielding loans to run off, that is, mature and be paid down without renewal.
We expect faster credit growth in fiscal 2028 once the portfolio clean-up is complete, MD and CEO Ashok Chandra said in an interview.
"We are deliberately keeping good-quality advances in the portfolio... I'm very confident the way we are rejigging our balance sheet, by the end of this financial year, everything will be in place," Chandra said.
PNB's retail loans grew 17.5% in the three months ended June 30, excluding inter-bank participation certificates (IBPCs), which are loan participations purchased from other banks, typically carrying lower yields. Its reported retail loan growth stood at 9%.
The bank has shed about $2.3 billion of IBPC loans over the past year, Chandra said.
It has also let some lower-yield loans in its corporate portfolio to run off, keeping reported corporate loan growth at around 10%, Chandra added.
Total advances grew 12.7% in the June quarter, with underlying credit growth remaining stronger than the headline numbers suggest, the bank said.
Indian banks have been on a lending tear, with credit growth surging to 18.6% in the fortnight ended June 30, as corporate borrowing picked up and retail demand held firm, according to central bank data.
PNB reported a three-fold rise in first-quarter net profit over the weekend. Its year ago profit was impacted by a one-time tax charge.
It also reiterated its forecast for a net interest margin of 2.6%-2.7% this fiscal and added it expects margins to improve by 4-5 basis points in the September quarter. Its NIM stood at 2.5% for the quarter.
($1 = 96.4450 Indian rupees)
(Reporting by Nishit Navin in Bengaluru; Editing by Janane Venkatraman)
(([email protected];))
By Nishit Navin
BENGALURU, July 20 (Reuters) - India's Punjab National Bank PNBK.NS expects loan growth to accelerate in fiscal 2028, after it completes pruning its lower-yielding retail and corporate loans, a strategy that has weighed on credit growth but improved profitability, its CEO said.
The state-run lender retained its loan growth target of 12%-13% for the current financial year as it allows older, lower-yielding loans to run off, that is, mature and be paid down without renewal.
We expect faster credit growth in fiscal 2028 once the portfolio clean-up is complete, MD and CEO Ashok Chandra said in an interview.
"We are deliberately keeping good-quality advances in the portfolio... I'm very confident the way we are rejigging our balance sheet, by the end of this financial year, everything will be in place," Chandra said.
PNB's retail loans grew 17.5% in the three months ended June 30, excluding inter-bank participation certificates (IBPCs), which are loan participations purchased from other banks, typically carrying lower yields. Its reported retail loan growth stood at 9%.
The bank has shed about $2.3 billion of IBPC loans over the past year, Chandra said.
It has also let some lower-yield loans in its corporate portfolio to run off, keeping reported corporate loan growth at around 10%, Chandra added.
Total advances grew 12.7% in the June quarter, with underlying credit growth remaining stronger than the headline numbers suggest, the bank said.
Indian banks have been on a lending tear, with credit growth surging to 18.6% in the fortnight ended June 30, as corporate borrowing picked up and retail demand held firm, according to central bank data.
PNB reported a three-fold rise in first-quarter net profit over the weekend. Its year ago profit was impacted by a one-time tax charge.
It also reiterated its forecast for a net interest margin of 2.6%-2.7% this fiscal and added it expects margins to improve by 4-5 basis points in the September quarter. Its NIM stood at 2.5% for the quarter.
($1 = 96.4450 Indian rupees)
(Reporting by Nishit Navin in Bengaluru; Editing by Janane Venkatraman)
(([email protected];))
July 3 (Reuters) - Simbhaoli Sugars Ltd SIMB.NS:
PUNJAB NATIONAL BANK DECIDED TO DECLARE CO'S LOAN ACCOUNT AS "FRAUD"
Source text: ID:nNSE6Vmh6x
Further company coverage: SIMB.NS
(([email protected];;))
July 3 (Reuters) - Simbhaoli Sugars Ltd SIMB.NS:
PUNJAB NATIONAL BANK DECIDED TO DECLARE CO'S LOAN ACCOUNT AS "FRAUD"
Source text: ID:nNSE6Vmh6x
Further company coverage: SIMB.NS
(([email protected];;))
July 2 (Reuters) - Punjab National Bank PNBK.NS:
PUNJAB NATIONAL BANK- DOMESTIC ADVANCES AS OF JUNE 2026 UP 11.74% Y/Y
PUNJAB NATIONAL BANK - DOMESTIC DEPOSITS UP 8.6% Y/Y AS OF JUNE 30
Source text: ID:nBSE49qR6q
Further company coverage: PNBK.NS
(([email protected];))
July 2 (Reuters) - Punjab National Bank PNBK.NS:
PUNJAB NATIONAL BANK- DOMESTIC ADVANCES AS OF JUNE 2026 UP 11.74% Y/Y
PUNJAB NATIONAL BANK - DOMESTIC DEPOSITS UP 8.6% Y/Y AS OF JUNE 30
Source text: ID:nBSE49qR6q
Further company coverage: PNBK.NS
(([email protected];))
June 30 (Reuters) - Punjab National Bank PNBK.NS:
PUNJAB NATIONAL BANK - ONE YEAR MCLR RAISED TO 8.8%
Source text: [ID:]
Further company coverage: PNBK.NS
(([email protected];))
June 30 (Reuters) - Punjab National Bank PNBK.NS:
PUNJAB NATIONAL BANK - ONE YEAR MCLR RAISED TO 8.8%
Source text: [ID:]
Further company coverage: PNBK.NS
(([email protected];))
By Ashwin Manikandan and Dharamraj Dhutia
MUMBAI, June 8 (Reuters) - India's Punjab National Bank PNBK.NS expects the banking sector to raise $35 billion to $40 billion via foreign currency deposits under a scheme announced by the central bank on Friday, a top executive told Reuters.
The Reserve Bank of India will bear the full hedging cost for three-year to five-year foreign currency non resident (FCNR) deposits, it said on Friday, as part of a broader set of measures to encourage dollar flows and stem the depreciation pressure on the rupee.
The scheme - a redux of a similar window opened in 2013 - will allow banks to offer overseas customers a more lucrative rate of interest to draw dollar deposits.
The rate that banks will offer will be higher than the U.S. treasury rate and definitely will attract investors, PNB CEO Ashok Chandra said in an interview with Reuters on Monday, declining to specify what rate the bank will offer.
Three-year U.S. treasuries yield 4.203% while five-year notes offer 4.273%. Currently, non-resident deposits earn 3.5% but with the RBI bearing the hedging cost, banks will be able to offer a higher rate to customers.
"It is a win-win situation for non-resident Indians and for the banks," Chandra said.
PNB, the country's eighth largest bank by market capitalisation, aims to raise about $2.5 billion to $3 billion through its own bank, he added.
It plans to market these deposits aggressively in key Indian diaspora markets such as the United States, Canada, United Kingdom and the Middle East, pitching returns that exceed U.S. Treasury yields, Chandra said.
Other mid-sized state-run lenders such as Indian Bank, Canara Bank and Central Bank of India pegged likely inflows at between $20 billion and $25 billion, while private sector lender Federal Bank expected possible flows of $30 billion.
"Unlike 2013 where the interest differential between U.S. and India was in the range of 5-6%, compared to 1-2% presently, the relative attractiveness is lower," said Harsh Dugar, executive director, Federal Bank.
The RBI had last launched the scheme in 2013 when the Indian Rupee had depreciated sharply due to the U.S. Federal Reserve's "taper tantrum".
Details on the scheme, in particular, whether banks will be allowed to offer customers leverage to park such deposits is awaited and could be key to its success, brokerage house Jefferies said in a note on Monday.
"We will watch out for RBI's stance on client leverage as this may be key determinant of extent of mobilisation under this scheme," Jefferies analysts said.
(Reporting by Ashwin Manikandan and Dharamraj Dhutia; Additional reorting by Gopika Gopakumar; Editing by Janane Venkatraman )
(([email protected];))
By Ashwin Manikandan and Dharamraj Dhutia
MUMBAI, June 8 (Reuters) - India's Punjab National Bank PNBK.NS expects the banking sector to raise $35 billion to $40 billion via foreign currency deposits under a scheme announced by the central bank on Friday, a top executive told Reuters.
The Reserve Bank of India will bear the full hedging cost for three-year to five-year foreign currency non resident (FCNR) deposits, it said on Friday, as part of a broader set of measures to encourage dollar flows and stem the depreciation pressure on the rupee.
The scheme - a redux of a similar window opened in 2013 - will allow banks to offer overseas customers a more lucrative rate of interest to draw dollar deposits.
The rate that banks will offer will be higher than the U.S. treasury rate and definitely will attract investors, PNB CEO Ashok Chandra said in an interview with Reuters on Monday, declining to specify what rate the bank will offer.
Three-year U.S. treasuries yield 4.203% while five-year notes offer 4.273%. Currently, non-resident deposits earn 3.5% but with the RBI bearing the hedging cost, banks will be able to offer a higher rate to customers.
"It is a win-win situation for non-resident Indians and for the banks," Chandra said.
PNB, the country's eighth largest bank by market capitalisation, aims to raise about $2.5 billion to $3 billion through its own bank, he added.
It plans to market these deposits aggressively in key Indian diaspora markets such as the United States, Canada, United Kingdom and the Middle East, pitching returns that exceed U.S. Treasury yields, Chandra said.
Other mid-sized state-run lenders such as Indian Bank, Canara Bank and Central Bank of India pegged likely inflows at between $20 billion and $25 billion, while private sector lender Federal Bank expected possible flows of $30 billion.
"Unlike 2013 where the interest differential between U.S. and India was in the range of 5-6%, compared to 1-2% presently, the relative attractiveness is lower," said Harsh Dugar, executive director, Federal Bank.
The RBI had last launched the scheme in 2013 when the Indian Rupee had depreciated sharply due to the U.S. Federal Reserve's "taper tantrum".
Details on the scheme, in particular, whether banks will be allowed to offer customers leverage to park such deposits is awaited and could be key to its success, brokerage house Jefferies said in a note on Monday.
"We will watch out for RBI's stance on client leverage as this may be key determinant of extent of mobilisation under this scheme," Jefferies analysts said.
(Reporting by Ashwin Manikandan and Dharamraj Dhutia; Additional reorting by Gopika Gopakumar; Editing by Janane Venkatraman )
(([email protected];))
** Shares of India's PNB Gilts PNBG.NS up 4.24% to 94.16 rupees
** Fixed income markets dealer gains after government widened access to the Fully Accessible Route (FAR) and eased foreign portfolio investor limits for government securities
** Higher demand for government securities could support bond prices and lower yields, benefiting PNBG through trading gains and stronger market activity
** Trading vols at 20.71 million shares about 6.7 times the 30-day avg of 3.1 million shares
** YTD stock up ~16%
(Reporting by Devika Nair in Bengaluru)
(([email protected];))
** Shares of India's PNB Gilts PNBG.NS up 4.24% to 94.16 rupees
** Fixed income markets dealer gains after government widened access to the Fully Accessible Route (FAR) and eased foreign portfolio investor limits for government securities
** Higher demand for government securities could support bond prices and lower yields, benefiting PNBG through trading gains and stronger market activity
** Trading vols at 20.71 million shares about 6.7 times the 30-day avg of 3.1 million shares
** YTD stock up ~16%
(Reporting by Devika Nair in Bengaluru)
(([email protected];))
By Nikunj Ohri
NEW DELHI, May 18 (Reuters) - India's finance ministry directed state-run banks, insurers and financial institutions on Monday to implement cost-cutting measures, including sharp curbs on travel and a phased transition to electric vehicles, according to an order reviewed by Reuters.
The order, part of a broader austerity push, will cover institutions like the State Bank of India SBI.NS, Bank of Baroda BOB.NS and Life Insurance Corp of India LIFI.NS and million of their employees across the country.
Under the new measures, all meetings, reviews and consultations must be conducted via video conferencing unless physical presence is deemed essential, the order issued by the Department of Financial Services said.
Foreign travel by top executives of the organisations - including chairpersons, managing directors and chief executive officers - should be kept below prescribed limits, with overseas engagements to be attended virtually wherever possible, it said.
Separately, the government has asked the organisations to accelerate adoption of electric vehicles.
"All organisations may aim at replacing the petrol and diesel vehicles hired by them in their head offices and branch offices by electric cars as far as possible," the order said.
The move follows a call last week by Prime Minister Narendra Modi urging officials to follow austerity and exercise restraint in spending, as the government braces for the economic fallout from rising global tensions.
Prolonged Middle East conflict risks slowing growth, stoking inflation and straining the balance of payments, with the Indian rupee already at record lows as Asia's worst performer this year.
Several Indian states have directed employees to work from home two days a week as part of cost-cutting efforts.
(Reporting by Nikunj Ohri; Editing by Raju Gopalakrishnan)
(([email protected];))
By Nikunj Ohri
NEW DELHI, May 18 (Reuters) - India's finance ministry directed state-run banks, insurers and financial institutions on Monday to implement cost-cutting measures, including sharp curbs on travel and a phased transition to electric vehicles, according to an order reviewed by Reuters.
The order, part of a broader austerity push, will cover institutions like the State Bank of India SBI.NS, Bank of Baroda BOB.NS and Life Insurance Corp of India LIFI.NS and million of their employees across the country.
Under the new measures, all meetings, reviews and consultations must be conducted via video conferencing unless physical presence is deemed essential, the order issued by the Department of Financial Services said.
Foreign travel by top executives of the organisations - including chairpersons, managing directors and chief executive officers - should be kept below prescribed limits, with overseas engagements to be attended virtually wherever possible, it said.
Separately, the government has asked the organisations to accelerate adoption of electric vehicles.
"All organisations may aim at replacing the petrol and diesel vehicles hired by them in their head offices and branch offices by electric cars as far as possible," the order said.
The move follows a call last week by Prime Minister Narendra Modi urging officials to follow austerity and exercise restraint in spending, as the government braces for the economic fallout from rising global tensions.
Prolonged Middle East conflict risks slowing growth, stoking inflation and straining the balance of payments, with the Indian rupee already at record lows as Asia's worst performer this year.
Several Indian states have directed employees to work from home two days a week as part of cost-cutting efforts.
(Reporting by Nikunj Ohri; Editing by Raju Gopalakrishnan)
(([email protected];))
Repeats with no change to text
By Nishit Navin and Ashwin Manikandan
BENGALURU/MUMBAI, May 5 (Reuters) - India's Punjab National Bank is stepping up investments in cybersecurity and accelerating procurement of technology to guard against rising digital threats including those from advanced AI models, a senior executive said on Tuesday.
The country's third largest state-run lender by market capitalisation has earmarked about 20% of its technology budget for cybersecurity, or roughly 7 billion to 8 billion rupees ($73.5 million - $84 million) for the current financial year, executive director D Surendran told Reuters in an interview, adding that this allocation is more than 50% higher than the previous year.
"We don't want to compromise on this kind of expenditure," Surendran said, adding the bank will increase the spending further if required.
PNB's move comes amid heightened regulatory focus on risks emerging from advanced AI models including Anthropic's Mythos.
Last month India's finance minister Nirmala Sitharaman met with heads of top banks to gauge preparedness against AI-related cybersecurity risks. India's central bank has also been in talks with global regulators, lenders and government officials to understand the potential risks, Reuters has reported.
PNB is also fast-tracking purchases of security tools, including firewalls and other systems to address vulnerabilities, Surendran said.
"We have increased our frequency of audit… now we have made our audit process 24/7 so that the criticality will be identified fast," Surendran said.
PNB SEES SUSTAINED LOAN GROWTH
The New-Delhi based lender, earlier in the day, posted a more than 14% rise in net profit to 52.25 billion rupees, helped by healthy loan growth and improving asset quality.
Loans grew 12.7% year-on-year while deposits rose 9.2%.
The bank will target 12-13% loan growth in financial year 2026/27, Surendran said, driven by credit to small and medium-sized enterprises and retail loans, he said.
The bank expects deposits to grow around 9-10% for the year.
($1 = 95.2800 Indian rupees)
(Reporting by Nishit Navin and Ashwin Manikandan; Editing by Ronojoy Mazumdar)
(([email protected];))
Repeats with no change to text
By Nishit Navin and Ashwin Manikandan
BENGALURU/MUMBAI, May 5 (Reuters) - India's Punjab National Bank is stepping up investments in cybersecurity and accelerating procurement of technology to guard against rising digital threats including those from advanced AI models, a senior executive said on Tuesday.
The country's third largest state-run lender by market capitalisation has earmarked about 20% of its technology budget for cybersecurity, or roughly 7 billion to 8 billion rupees ($73.5 million - $84 million) for the current financial year, executive director D Surendran told Reuters in an interview, adding that this allocation is more than 50% higher than the previous year.
"We don't want to compromise on this kind of expenditure," Surendran said, adding the bank will increase the spending further if required.
PNB's move comes amid heightened regulatory focus on risks emerging from advanced AI models including Anthropic's Mythos.
Last month India's finance minister Nirmala Sitharaman met with heads of top banks to gauge preparedness against AI-related cybersecurity risks. India's central bank has also been in talks with global regulators, lenders and government officials to understand the potential risks, Reuters has reported.
PNB is also fast-tracking purchases of security tools, including firewalls and other systems to address vulnerabilities, Surendran said.
"We have increased our frequency of audit… now we have made our audit process 24/7 so that the criticality will be identified fast," Surendran said.
PNB SEES SUSTAINED LOAN GROWTH
The New-Delhi based lender, earlier in the day, posted a more than 14% rise in net profit to 52.25 billion rupees, helped by healthy loan growth and improving asset quality.
Loans grew 12.7% year-on-year while deposits rose 9.2%.
The bank will target 12-13% loan growth in financial year 2026/27, Surendran said, driven by credit to small and medium-sized enterprises and retail loans, he said.
The bank expects deposits to grow around 9-10% for the year.
($1 = 95.2800 Indian rupees)
(Reporting by Nishit Navin and Ashwin Manikandan; Editing by Ronojoy Mazumdar)
(([email protected];))
May 5 (Reuters) - Punjab National Bank PNBK.NS:
PUNJAB NATIONAL BANK MARCH-QUARTER NET PROFIT 52.25 BILLION RUPEES
PUNJAB NATIONAL BANK MARCH-QUARTER GROSS NPA 2.95%
PUNJAB NATIONAL BANK MARCH-QUARTER INTEREST EARNED 321.57 BILLION RUPEES
PUNJAB NATIONAL BANK MARCH-QUARTER PROVISIONS AND CONTINGENCIES 4.24 BILLION RUPEES
PUNJAB NATIONAL BANK MARCH-QUARTER PROVISIONS FOR NPAS 9.06 BILLION RUPEES
PUNJAB NATIONAL BANK - DECLARES DIVIDEND OF 3 RUPEES PER SHARE
Source text: ID:nnAZN4SU948
Further company coverage: PNBK.NS
(([email protected];))
May 5 (Reuters) - Punjab National Bank PNBK.NS:
PUNJAB NATIONAL BANK MARCH-QUARTER NET PROFIT 52.25 BILLION RUPEES
PUNJAB NATIONAL BANK MARCH-QUARTER GROSS NPA 2.95%
PUNJAB NATIONAL BANK MARCH-QUARTER INTEREST EARNED 321.57 BILLION RUPEES
PUNJAB NATIONAL BANK MARCH-QUARTER PROVISIONS AND CONTINGENCIES 4.24 BILLION RUPEES
PUNJAB NATIONAL BANK MARCH-QUARTER PROVISIONS FOR NPAS 9.06 BILLION RUPEES
PUNJAB NATIONAL BANK - DECLARES DIVIDEND OF 3 RUPEES PER SHARE
Source text: ID:nnAZN4SU948
Further company coverage: PNBK.NS
(([email protected];))
April 30 (Reuters) - Punjab National Bank PNBK.NS:
PUNJAB NATIONAL BANK- 1 YEAR MCLR UNCHANGED AT 8.75% EFFECTIVE MAY 1, 2026
Source text: ID:nBSE3ckwvY
Further company coverage: PNBK.NS
(([email protected];))
April 30 (Reuters) - Punjab National Bank PNBK.NS:
PUNJAB NATIONAL BANK- 1 YEAR MCLR UNCHANGED AT 8.75% EFFECTIVE MAY 1, 2026
Source text: ID:nBSE3ckwvY
Further company coverage: PNBK.NS
(([email protected];))
April 2 (Reuters) - Punjab National Bank PNBK.NS:
PUNJAB NATIONAL BANK- GLOBAL ADVANCES AS OF 31 MARCH, 2026 UP 12.17% YOY
PUNJAB NATIONAL BANK - GLOBAL DEPOSITS AS OF MARCH 31, 2026 UP 9.3% Y/Y
Source text: ID:nBSE5Zg1F
Further company coverage: PNBK.NS
(([email protected];))
April 2 (Reuters) - Punjab National Bank PNBK.NS:
PUNJAB NATIONAL BANK- GLOBAL ADVANCES AS OF 31 MARCH, 2026 UP 12.17% YOY
PUNJAB NATIONAL BANK - GLOBAL DEPOSITS AS OF MARCH 31, 2026 UP 9.3% Y/Y
Source text: ID:nBSE5Zg1F
Further company coverage: PNBK.NS
(([email protected];))
March 30 (Reuters) - Punjab National Bank PNBK.NS:
PUNJAB NATIONAL BANK - MCLR REMAIN UNCHANGED ACROSS TENORS
Source text: ID:nBSE5c3Hn2
Further company coverage: PNBK.NS
(([email protected];))
March 30 (Reuters) - Punjab National Bank PNBK.NS:
PUNJAB NATIONAL BANK - MCLR REMAIN UNCHANGED ACROSS TENORS
Source text: ID:nBSE5c3Hn2
Further company coverage: PNBK.NS
(([email protected];))
By Dharamraj Dhutia and Khushi Malhotra
MUMBAI, March 5 (Reuters) - Robust demand from long-term investors for an Indian state-run lender's mega infrastructure bond issue this week has prompted two others to tap the market before the end of the financial year, three sources familiar with the matter said on Thursday.
Bank of India BOI.NS and Punjab National Bank PNBK.NS are among lenders that could issue infrastructure bonds over the next three weeks.
Bank of India could raise up to 100 billion rupees ($1.09 billion), while PNB will consider a 20-50 billion-rupee issue, the sources added, requesting anonymity as they're not authorised to speak to the media.
The lenders did not reply to Reuters' emails seeking comment.
Earlier this week, Bank of Baroda BOB.NS raised 100 billion rupees through seven-year infra bonds at a 7.10% coupon, below the 7.25% level that the market had expected, signalling elevated demand for the issue.
"Nearly 60%-70% of Bank of Baroda's bond was absorbed by a large state-run provident fund, and its peers are anticipating a similar response to their issuances," one of the sources said.
"Had it not been for the PF bids, the cutoff could have easily have been closer to 7.25%."
Infrastructure bonds are used by banks to finance long-term development projects.
Three Indian lenders have raised an aggregate 250 billion rupees through these bonds so far this financial year, sharply lower than 892 billion rupees raised in the previous fiscal.
Bank of Baroda is only the third lender to raise this quantum of funds after Bank of India and Axis Bank AXBK.NS.
Bankers said that a lack of sufficient supply of such notes during the financial year could lead to stronger demand for the next few issuances as investors seek to meet their exposure requirements.
($1 = 91.5550 Indian rupees)
(Reporting by Dharamraj Dhutia and Khushi Malhotra; Editing by Sonia Cheema)
(([email protected];))
By Dharamraj Dhutia and Khushi Malhotra
MUMBAI, March 5 (Reuters) - Robust demand from long-term investors for an Indian state-run lender's mega infrastructure bond issue this week has prompted two others to tap the market before the end of the financial year, three sources familiar with the matter said on Thursday.
Bank of India BOI.NS and Punjab National Bank PNBK.NS are among lenders that could issue infrastructure bonds over the next three weeks.
Bank of India could raise up to 100 billion rupees ($1.09 billion), while PNB will consider a 20-50 billion-rupee issue, the sources added, requesting anonymity as they're not authorised to speak to the media.
The lenders did not reply to Reuters' emails seeking comment.
Earlier this week, Bank of Baroda BOB.NS raised 100 billion rupees through seven-year infra bonds at a 7.10% coupon, below the 7.25% level that the market had expected, signalling elevated demand for the issue.
"Nearly 60%-70% of Bank of Baroda's bond was absorbed by a large state-run provident fund, and its peers are anticipating a similar response to their issuances," one of the sources said.
"Had it not been for the PF bids, the cutoff could have easily have been closer to 7.25%."
Infrastructure bonds are used by banks to finance long-term development projects.
Three Indian lenders have raised an aggregate 250 billion rupees through these bonds so far this financial year, sharply lower than 892 billion rupees raised in the previous fiscal.
Bank of Baroda is only the third lender to raise this quantum of funds after Bank of India and Axis Bank AXBK.NS.
Bankers said that a lack of sufficient supply of such notes during the financial year could lead to stronger demand for the next few issuances as investors seek to meet their exposure requirements.
($1 = 91.5550 Indian rupees)
(Reporting by Dharamraj Dhutia and Khushi Malhotra; Editing by Sonia Cheema)
(([email protected];))
March 4 (Reuters) - TV Vision Ltd TVVI.NS:
RECEIVES PETITION FROM PUNJAB NATIONAL BANK UNDER INSOLVENCY AND BANKRUPTCY CODE
PETITION ALLEGES AN OUTSTANDING AMOUNT OF 2.94 BILLION RUPEES
PETITION MAY HAVE IMPACT ON OPERATIONS AND FINANCIAL POSITION
Source text: ID:nBSEc3HGhZ
Further company coverage: TVVI.NSPNBK.NS
(([email protected];))
March 4 (Reuters) - TV Vision Ltd TVVI.NS:
RECEIVES PETITION FROM PUNJAB NATIONAL BANK UNDER INSOLVENCY AND BANKRUPTCY CODE
PETITION ALLEGES AN OUTSTANDING AMOUNT OF 2.94 BILLION RUPEES
PETITION MAY HAVE IMPACT ON OPERATIONS AND FINANCIAL POSITION
Source text: ID:nBSEc3HGhZ
Further company coverage: TVVI.NSPNBK.NS
(([email protected];))
Feb 27 (Reuters) - Punjab National Bank PNBK.NS:
PUNJAB NATIONAL BANK - ONE-YEAR MCLR RATES UNCHANGED AT 8.75%
Source text: ID:nNSE1l7WGM
Further company coverage: PNBK.NS
(([email protected];))
Feb 27 (Reuters) - Punjab National Bank PNBK.NS:
PUNJAB NATIONAL BANK - ONE-YEAR MCLR RATES UNCHANGED AT 8.75%
Source text: ID:nNSE1l7WGM
Further company coverage: PNBK.NS
(([email protected];))
Corrects dateline to February 16
Loan delays and limited state support hinder solar roll out
State utilities fear revenue loss from rooftop solar adoption
About 60% of rooftop solar applications not approved yet
By Sudarshan Varadhan, Gopika Gopakumar and Jatindra Dash
SINGAPORE/MUMBAI/BHUBANESWAR, India, Feb 16 (Reuters) - Indian Prime Minister Narendra Modi's push to accelerate the rollout of rooftop solar power is falling short of targets despite heavy subsidies due to loan delays and limited support from state utilities, vendors and analysts say.
The shortfalls represent the latest challenge to India's efforts to nearly double clean energy capacity to 500 gigawatts by 2030, and come as the government plans to suspend clean energy tendering targets amid a mounting backlog of awarded projects yet to be built.
Challenges to plans to increase solar uptake may mean India maintains its reliance on coal-fired power.
India's Ministry for New and Renewable Energy created its subsidy programme for residential solar panel installations in February 2024, covering up to 40% of the costs.
But residential installations at 2.36 million are well below the ministry's target of 4 million by March, according to data from the programme's website.
"Banks' reluctance to lend and states' hesitance to promote the schemes could derail India's efforts to transition away from coal," said Shreya Jai, the lead energy analyst at research firm Climate Trends in New Delhi.
Roughly three in five rooftop solar applications filed on the scheme's website are yet to be approved while about 7% have been rejected, according to government data on the programme, known as the PM Surya Ghar.
In a statement to Reuters about the pending applications, the renewable energy ministry pointed to accelerating installations which have benefited over 3 million households, and said the scheme enables state-owned utilities to reduce subsidy payouts to keep residential power bills in check.
"The loan rejection rate varies across states," the statement said.
Under PM Surya Ghar, consumers apply and select a vendor who handles paperwork and arranges bank financing for solar panels. After loan approval and installation, the vendor submits proof, after which the government subsidy is credited to the bank.
BANK DELAYS
However, banks have been rejecting or delaying loans for numerous reasons including lack of documentation, which they say is necessary to protect public funds.
"We are working with the government to push for some standard documentation, because it is necessary to avoid bad loans. Currently if loans go bad, banks can take away these panels but what will we do with these panels?" said a senior official at a major government-owned bank.
Chamrulal Mishra, a solar vendor in the eastern Indian state of Odisha, said applications are often rejected because the customer has missed electricity payments or because land records are still in the name of deceased relatives.
Residents there dispute the claims that they have missed payments, which they attribute to administrative errors after a change in utility ownership decades prior.
A spokesperson for India's Department of Financial Services, which regulates the country's banks, said they have responded to consumer feedback to allow co-applicants for loans to clear up title claims and the simplification of documentation requirements.
The Renewable Energy Association of Rajasthan said some banks are making collateral demands for loans under 200,000 Indian rupees ($2,208.87), despite scheme guidelines not requiring them to, which is constraining solar power additions.
State Bank of India and Punjab National Bank, some of the country's largest lenders, did not reply to requests for comment on the matter.
State-owned utilities are also not promoting rooftop solar as much, as they are concerned about the loss of revenue as sales move off the electric grid.
"Wealthier households typically have high electricity consumption, tariffs and reliable roof access. When they shift from the grid, it leaves a larger financial burden," said Niteesh Shanbog, an analyst at Rystad Energy.
($1 = 90.5440 Indian rupees)
(Reporting by Sudarshan Varadhan in Singapore, Gopika Gopakumar in Mumbai and Jatindra Dash in Bhubaneswar; Additional reporting by Saurabh Sharma and Sethuraman NR in New Delhi, and Jose Devasia in Kochi; Editing by Christian Schmollinger)
(([email protected]; +65 91164984;))
Corrects dateline to February 16
Loan delays and limited state support hinder solar roll out
State utilities fear revenue loss from rooftop solar adoption
About 60% of rooftop solar applications not approved yet
By Sudarshan Varadhan, Gopika Gopakumar and Jatindra Dash
SINGAPORE/MUMBAI/BHUBANESWAR, India, Feb 16 (Reuters) - Indian Prime Minister Narendra Modi's push to accelerate the rollout of rooftop solar power is falling short of targets despite heavy subsidies due to loan delays and limited support from state utilities, vendors and analysts say.
The shortfalls represent the latest challenge to India's efforts to nearly double clean energy capacity to 500 gigawatts by 2030, and come as the government plans to suspend clean energy tendering targets amid a mounting backlog of awarded projects yet to be built.
Challenges to plans to increase solar uptake may mean India maintains its reliance on coal-fired power.
India's Ministry for New and Renewable Energy created its subsidy programme for residential solar panel installations in February 2024, covering up to 40% of the costs.
But residential installations at 2.36 million are well below the ministry's target of 4 million by March, according to data from the programme's website.
"Banks' reluctance to lend and states' hesitance to promote the schemes could derail India's efforts to transition away from coal," said Shreya Jai, the lead energy analyst at research firm Climate Trends in New Delhi.
Roughly three in five rooftop solar applications filed on the scheme's website are yet to be approved while about 7% have been rejected, according to government data on the programme, known as the PM Surya Ghar.
In a statement to Reuters about the pending applications, the renewable energy ministry pointed to accelerating installations which have benefited over 3 million households, and said the scheme enables state-owned utilities to reduce subsidy payouts to keep residential power bills in check.
"The loan rejection rate varies across states," the statement said.
Under PM Surya Ghar, consumers apply and select a vendor who handles paperwork and arranges bank financing for solar panels. After loan approval and installation, the vendor submits proof, after which the government subsidy is credited to the bank.
BANK DELAYS
However, banks have been rejecting or delaying loans for numerous reasons including lack of documentation, which they say is necessary to protect public funds.
"We are working with the government to push for some standard documentation, because it is necessary to avoid bad loans. Currently if loans go bad, banks can take away these panels but what will we do with these panels?" said a senior official at a major government-owned bank.
Chamrulal Mishra, a solar vendor in the eastern Indian state of Odisha, said applications are often rejected because the customer has missed electricity payments or because land records are still in the name of deceased relatives.
Residents there dispute the claims that they have missed payments, which they attribute to administrative errors after a change in utility ownership decades prior.
A spokesperson for India's Department of Financial Services, which regulates the country's banks, said they have responded to consumer feedback to allow co-applicants for loans to clear up title claims and the simplification of documentation requirements.
The Renewable Energy Association of Rajasthan said some banks are making collateral demands for loans under 200,000 Indian rupees ($2,208.87), despite scheme guidelines not requiring them to, which is constraining solar power additions.
State Bank of India and Punjab National Bank, some of the country's largest lenders, did not reply to requests for comment on the matter.
State-owned utilities are also not promoting rooftop solar as much, as they are concerned about the loss of revenue as sales move off the electric grid.
"Wealthier households typically have high electricity consumption, tariffs and reliable roof access. When they shift from the grid, it leaves a larger financial burden," said Niteesh Shanbog, an analyst at Rystad Energy.
($1 = 90.5440 Indian rupees)
(Reporting by Sudarshan Varadhan in Singapore, Gopika Gopakumar in Mumbai and Jatindra Dash in Bhubaneswar; Additional reporting by Saurabh Sharma and Sethuraman NR in New Delhi, and Jose Devasia in Kochi; Editing by Christian Schmollinger)
(([email protected]; +65 91164984;))
** Punjab National Bank PNBK.NS reports 2.8% y/y rise in interest earned, ~13% jump in net profit in December-quarter
** Jefferies ("buy"; PT: 150 rupees) flags NIM miss; says asset quality stable but warns about impact of expected credit loss (ECL) provision transition over next 5 years
** JPMorgan ("overweight"; PT: 144 rupees) highlights recoveries from written-off accounts, proceeds from stake sale in Canara HSBC Life as contributing to PAT estimates beat
** Emkay Securities ("buy"; PT: 150 rupees) expects RoA to improve to ~1% over FY27-FY28 on better growth, contained provisions, lower tax rate
** Stock rated "hold" on avg; median PT is 130 rupees, per data compiled by LSEG
** Stock falls 1.55% to 126.07 rupees
** PNBK gained 20.24% in 2025
(Reporting by Abhirami G in Bengaluru)
** Punjab National Bank PNBK.NS reports 2.8% y/y rise in interest earned, ~13% jump in net profit in December-quarter
** Jefferies ("buy"; PT: 150 rupees) flags NIM miss; says asset quality stable but warns about impact of expected credit loss (ECL) provision transition over next 5 years
** JPMorgan ("overweight"; PT: 144 rupees) highlights recoveries from written-off accounts, proceeds from stake sale in Canara HSBC Life as contributing to PAT estimates beat
** Emkay Securities ("buy"; PT: 150 rupees) expects RoA to improve to ~1% over FY27-FY28 on better growth, contained provisions, lower tax rate
** Stock rated "hold" on avg; median PT is 130 rupees, per data compiled by LSEG
** Stock falls 1.55% to 126.07 rupees
** PNBK gained 20.24% in 2025
(Reporting by Abhirami G in Bengaluru)
Jan 19 (Reuters) - Punjab National Bank PNBK.NS:
PUNJAB NATIONAL BANK Q3 NET PROFIT 51 BILLION RUPEES
PUNJAB NATIONAL BANK Q3 GROSS NPA 3.19%
PUNJAB NATIONAL BANK Q3 INTEREST EARNED 322.31 BILLION RUPEES
PUNJAB NATIONAL BANK Q3 PROVISIONS & CONTINGENCIES 11.5 BILLION RUPEES
PUNJAB NATIONAL BANK Q3 PROVISIONS FOR NPAS 13.41 BILLION RUPEES
Further company coverage: PNBK.NS
(([email protected];))
Jan 19 (Reuters) - Punjab National Bank PNBK.NS:
PUNJAB NATIONAL BANK Q3 NET PROFIT 51 BILLION RUPEES
PUNJAB NATIONAL BANK Q3 GROSS NPA 3.19%
PUNJAB NATIONAL BANK Q3 INTEREST EARNED 322.31 BILLION RUPEES
PUNJAB NATIONAL BANK Q3 PROVISIONS & CONTINGENCIES 11.5 BILLION RUPEES
PUNJAB NATIONAL BANK Q3 PROVISIONS FOR NPAS 13.41 BILLION RUPEES
Further company coverage: PNBK.NS
(([email protected];))
Jan 6 (Reuters) - Punjab National Bank PNBK.NS:
PUNJAB NATIONAL BANK - RBI IMPOSES MONETARY PENALTY OF 485,000 RUPEES
PUNJAB NATIONAL BANK - PENALTY DUE TO SHORTAGE OF NOTES AT CURRENCY CHEST
Source text: ID:nNSE3JqWmD
Further company coverage: PNBK.NS
(([email protected];))
Jan 6 (Reuters) - Punjab National Bank PNBK.NS:
PUNJAB NATIONAL BANK - RBI IMPOSES MONETARY PENALTY OF 485,000 RUPEES
PUNJAB NATIONAL BANK - PENALTY DUE TO SHORTAGE OF NOTES AT CURRENCY CHEST
Source text: ID:nNSE3JqWmD
Further company coverage: PNBK.NS
(([email protected];))
Jan 2 (Reuters) - Punjab National Bank PNBK.NS:
GLOBAL DEPOSITS AT 16.60 TRILLION RUPEES AS OF DEC 31, 8.54% Y-O-Y GROWTH
GLOBAL ADVANCES AT 12.32 TRILLION RUPEES AS OF DEC 31, 10.98% Y-O-Y GROWTH
Source text: ID:nNSE20tpBM
Further company coverage: PNBK.NS
(([email protected];))
Jan 2 (Reuters) - Punjab National Bank PNBK.NS:
GLOBAL DEPOSITS AT 16.60 TRILLION RUPEES AS OF DEC 31, 8.54% Y-O-Y GROWTH
GLOBAL ADVANCES AT 12.32 TRILLION RUPEES AS OF DEC 31, 10.98% Y-O-Y GROWTH
Source text: ID:nNSE20tpBM
Further company coverage: PNBK.NS
(([email protected];))
Dec 31 (Reuters) - Punjab National Bank PNBK.NS:
ONE YEAR MCLR UNCHANGED AT 8.75%
Source text: ID:nBSEc0220k
Further company coverage: PNBK.NS
(([email protected];))
Dec 31 (Reuters) - Punjab National Bank PNBK.NS:
ONE YEAR MCLR UNCHANGED AT 8.75%
Source text: ID:nBSEc0220k
Further company coverage: PNBK.NS
(([email protected];))
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Popular questions
- Business
- Financials
- Share Price
- Shareholdings
What does PNB do?
Punjab National Bank is one of the premier banking institutions in the country with a long tradition of sound and prudent banking. The Bank offers wide range of products and services to its customers serving various needs and aspirations. The bank has a strong franchise value and provides a host of financial products and services, both to the retail customer and corporate business. It has continued to fulfill its social responsibilities and made significant progress in adoption of technology, keeping with its objective of transforming itself into a techno-savvy Bank.
Who are the competitors of PNB?
PNB major competitors are Union Bank Of India, Bank Of Baroda, Indian Bank, Canara Bank, IDBI Bank, Bank of Maharashtra, Bank Of India. Market Cap of PNB is ₹1,26,307 Crs. While the median market cap of its peers are ₹1,07,487 Crs.
Is PNB financially stable compared to its competitors?
PNB seems to be financially stable compared to its competitors. The probability of it going bankrupt or facing a financial crunch seem to be lower than its immediate competitors.
Does PNB pay decent dividends?
The company seems to be paying a very low dividend. Investors need to see where the company is allocating its profits. PNB latest dividend payout ratio is 18.75% and 3yr average dividend payout ratio is 18.31%
How has PNB allocated its funds?
Company has been allocating majority of new resources to productive uses like advances.
How strong is PNB balance sheet?
Latest balance sheet of PNB is strong, However historically the companies balance sheet has shown some weakness.
Is the profitablity of PNB improving?
The profit is oscillating. The profit of PNB is ₹20,603 Crs for TTM, ₹18,393 Crs for Mar 2026 and ₹18,480 Crs for Mar 2025.
Is PNB stock expensive?
There is insufficient historical data to gauge this. Latest PE of PNB is 5.72
Has the share price of PNB grown faster than its competition?
PNB has given lower returns compared to its competitors. PNB has grown at ~-1.65% over the last 10yrs while peers have grown at a median rate of 3.75%
Is the promoter bullish about PNB?
Promoters stake in the company seems stable, and we need to go through filings and allocation of resources to gauge promoter bullishness. Latest quarter promoter holding in PNB is 70.08% and last quarter promoter holding is 70.08%.
Are mutual funds buying/selling PNB?
The mutual fund holding of PNB is increasing. The current mutual fund holding in PNB is 6.51% while previous quarter holding is 6.23%.