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PNB Hands Over Rs 2,416 Crore Dividend to Finance Minister Nirmala Sitharaman

Newsmantra — Tue, 30 Jun 2026 09:44:38 +0000

NEW DELHI. Punjab National Bank (PNB) has presented a dividend cheque of Rs 2,416 crore to the Government of India for the financial year 2025-26, reflecting the public sector lender’s improved financial performance and sustained profitability. The dividend cheque was handed over to Union Finance and Corporate Affairs Minister Smt. Nirmala Sitharaman by PNB Managing Director and Chief Executive Officer Sh. Ashok Chandra, along with the bank’s Executive Directors, at a ceremony held in New Delhi. The event was attended by Sh. Sanjay Lohiya, Secretary, Department of Financial Services, Ministry of Finance. The payout highlights PNB’s continued turnaround, driven by higher profitability, better asset quality and stronger operational performance, reinforcing the bank’s position among India’s leading public sector banks.

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PNB And Punjab Gramin Bank Launch PNB-PGB Veer Co-Branded Credit Card

Newsmantra — Tue, 23 Jun 2026 09:48:40 +0000

CHANDIGARH. Punjab National Bank and Punjab Gramin Bank have introduced the PNB-PGB Veer Co-Branded Credit Card to make digital finance easier and more accessible. The official launch ceremony took place at the Punjab Gramin Bank head office in Kapurthala. The event was attended by PGB Chairman Shri Gajendar Kumar Negi, PNB Cards and Services Limited MD and CEO Mr. Taufique Alam, PNB General Manager Shri Deepak Kumar, and NABARD DGM Shri Deshraj Maurya, marking a strong collaborative step toward enhanced digital banking.

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PNB Wins Golden Peacock Award for Excellence in Training FY26

Newsmantra — Mon, 18 May 2026 13:28:50 +0000

NEW DELHI. Punjab National Bank (PNB) has been honoured with the Golden Peacock Award for Excellence in Training (Financial Services – Banking) for FY 2025–26, recognising the bank’s strong focus on employee development and institutional learning.

The award was presented by S. P. Singh Baghel, Union Minister of State, Government of India, along with K. Surendra Nath (Retd.), to Sumesh Kumar, Chief General Manager (HR), and Preeti Jha, General Manager (Learning & Development), on behalf of the bank.

The recognition highlights PNB’s continued commitment to nurturing talent, strengthening capabilities and promoting a culture of continuous learning across the organisation.

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PNB Housing Finance Reinforces Its Financial Strength with Credit Rating Upgrade to ‘IND AAA’ from India Ratings

Newsmantra — Thu, 20 Nov 2025 12:51:11 +0000

Secured credit ratings on its NCDs and Bank Loans, signalling strong growth trajectory and trusted support from Punjab National Bank

Bengaluru, 20^th November 2025: PNB Housing Finance, one of India’s largest housing finance companies, announced a credit rating upgrade from India Ratings on its Non-Convertible Debentures (NCDs) and Bank Loans from ‘IND AA+’ to ‘IND AAA’ with a Stable Outlook. The rating rationale highlights the Company’s proven track record across key business parameters, its consistent improvement in profitability and asset quality, along with granularization of the loan book, thereby reducing concentration risks. It also acknowledges Punjab National Bank’s strategic stake in PNB Housing and its shared legacy, thus reinforcing confidence in the Company’s long-term stability.

Mr. Jatul Anand, Executive Director, PNB Housing Finance stated, “We are proud to receive a credit rating upgrade from India Ratings to ‘IND AAA’, marking a significant milestone in our growth journey. It reaffirms the strength of our business fundamentals, strategic direction, strong financial health and prudent risk management practices. The sustained trajectory of rating upgrades over the past two years is a testament to the confidence that the promoters Punjab National Bank, and our investors and stakeholders place in us. We remain committed to building a resilient retail-focused franchise, strengthening our asset quality, and enhancing our liquidity position.”

This upgrade follows the earlier rating enhancement from ‘IND AA’ to ‘IND AA+’ in Q3 FY24, underscoring the Company’s sustained progress and the continued trust and confidence of investors in its financial strength and governance standards. The successive upgrades reflect PNB Housing’s consistent performance and resilience across business cycles.

As of 30^th September 2025, the Company’s Retail Loan Asset grew by 17% YoY to ₹79,439 crores, forming 99.6% of the Total Loan Asset. The Gross NPA stood at 1.04%, and Return on Asset stood at 2.65% in H1 FY26 (Annualized). The Capital Risk Adequacy Ratio was 29.80%, while the cost of borrowing 7.74% in H1 FY26.

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Ashok Leyland signs MoU with Punjab National Bank for Dealer Financing

Newsmantra — Tue, 04 Nov 2025 08:03:24 +0000

Bengaluru, 3^rd Nov 2025: Ashok Leyland, the Indian flagship of the Hinduja Group and the country’s leading commercial vehicle manufacturer, signed a Memorandum of Understanding (MoU) with Punjab National Bank (PNB). Under this partnership, the Bank will provide competitive dealer finance options to the Medium and Heavy Commercial Vehicle (MHCV) dealers of Ashok Leyland.

The MoU was signed by Mr. K. M. Balaji, Chief Financial Officer, Ashok Leyland, and Mr. Amitabh Rai, General Manager, Punjab National Bank, in the presence of senior officials from both organisations.

Under this partnership, Punjab National Bank will offer customised financial products to Ashok Leyland dealers to support their working capital and inventory funding needs. The initiative will help strengthen the dealer network by providing easy and flexible access to credit, enabling business continuity and growth.

Mr. K. M. Balaji, Chief Financial Officer, Ashok Leyland, said, “Ashok Leyland is pleased to partner with Punjab National Bank to offer enhanced financial support to our dealer partners. This collaboration will provide comprehensive financing solutions with flexible and convenient options, helping our dealers manage their business more efficiently. Leveraging PNB’s strong network across the country and competitive pricing, this initiative will further strengthen our reach and enable sustained growth for our dealer ecosystem.”

Ms. Madhavi Deshmukh, National Sales Head, Ashok Leyland, said, “This partnership with PNB will make financing more convenient for our dealers, ensuring smooth business operations and better customer service. We look forward to working closely with the bank to create value for our dealer partners.”

Mr. Amitabh Rai, General Manager, Punjab National Bank said, “We are extremely happy to partner with Ashok Leyland. Through our varied financial solutions, our goal is to offer convenient and complete financing choices to the dealers. We believe that this partnership will meet the business needs of both organizations and create a strong positive impact.”

Ashok Leyland continues to build strategic partnerships with leading financial institutions to ensure ease of doing business for its customers and channel partners across India.

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Govt extends tenure of 8 EDs in various public sector banks

Newsmantra — Wed, 17 Sep 2025 13:31:15 +0000

NEW DELHI. Govt extends tenure of 8 EDs in various public sector banks ;Nitesh Ranjan and Ramasubramanian S (both Union Bank of India), M Paramasivam (Punjab National Bank), Joydeep Dutta Roy (Indian Overseas Bank), Malladi Venkat Murali Krishna (Central Bank of India), Rajendra Kumar Saboo (UCO Bank) and Lalit Tyagi and Sanjay Vinayak Mudaliar (both Bank of Baroda).

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Punjab National Bank launches 34 new products on its 131st foundation day

Newsmantra — Mon, 14 Apr 2025 05:52:29 +0000

Punjab National Bank (PNB) on Saturday launched 34 new products, including 12 customer-centric deposit schemes and 10 digital transformation products.

These innovative products were launched on the occasion of its 131st foundation day in the presence of Financial Services Secretary M Nagaraju.

Among the deposit products rolled out are schemes for salaried professionals, women, defence personnel, farmers, NRIs, senior citizens, pensioners, students and youth, PNB said in a statement.

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Punjab National Bank to provide home, car, and education loans at concessional rates to SAIL employees.

Newsmantra — Fri, 12 Jul 2024 04:55:45 +0000

Punjab National Bank (PNB) has partnered with the Steel Authority of India (SAIL) to offer home, car, and education loans at concessional rates to SAIL employees. This strategic partnership, aimed at enhancing the financial well-being of SAIL employees and expanding PNB’s customer base in the steel sector, was formalized through an MoU signed by PNB GM Sudhir Dalal, SAIL GM Lavika Jain, and SAIL GM Bikram Uppal.

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Bibhu Prasad Mahapatra assumes charge as Executive Director of Punjab National Bank

Newsmantra — Fri, 13 Oct 2023 04:48:55 +0000

Bibhu Prasad Mahapatra assumes charge as the Executive Director on the Board of Punjab National Bank for a period of three years orup to the date of his attaining the age of superannuation.

Mahapatra started his banking journey in Punjab National Bank as Management Trainee in the year 1989 and has served the bank for last 34 years in various capacities across the country. A banking veteran, he brings to the table a wealth of knowledge across multiple domains of Branch Banking, Credit & MSME, Risk Management, Business Process, Forex and Trade Finance, Compliance, among others. A post graduate in Political Science from Utkal University, he is also a Certified Associate Member of Indian Institute of Bankers (CAIIB). He also did a leadership development programme for senior management of PSB from IIM Bangalore.

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PNB Honoured With Green Ribbon Champions Award for CSR Green Initiative Of The Year For ‘PNB Palaash’

Newsmantra — Mon, 02 Oct 2023 18:09:00 +0000

Punjab National Bank (PNB) won the Green Ribbon Champions Award under the CSR Green Initiative of the Year category. The award was presented by Dr. Jitendra Singh, Hon’bletion of PNB’s remarkable efforts in planting over one lakh trees as part of its “PNB Palaash” project.

Under PNB Palaash Project, more than one lakh PNB employees had actively participated in planting saplings across the country. This project encompasses several themes, such as Electrical Vehicle Finance Scheme, Recycling Camps, Tree Plantation Drive, Paper Conservation Drive, and Energy Conservation Olympics. PNB Palaash is also aligned with Mission LiFE (Lifestyle for environment),which is an India-led global mass movement to nudge individual and community action to protect and preserve the environment.

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