Coverage
Punjab National Bank
PNB Housing expects to cross Rs 1 lakh crore AUM in Q3 FY27: MD Ajai Shukla
PNB Housing Finance expects to cross the Rs 1 lakh crore assets under management (AUM) mark in Q3 FY27, with the lender retaining its 18-20 per cent growth guidance despite the impact of rate cuts on margins and balance transfers. The housi
CBI court rejects Purvi Modi's video-conference plea in the PNB fraud case
"An accused cannot dictate the method or procedure of an investigation," the special court held — narrowing the room offshore accused have to negotiate remotely.
PNB targets ₹20,000 Cr net profit for FY27, enters acquisition finance
MD & CEO Ashok Chandra says the bank is on track for a ₹20,000 crore annual profit run-rate, backed by four straight quarters above ₹5,000 crore.
PNB mobilizes $419 million in FCNR(B) deposits, targets $2.5 billion by September 2026
The bank's foreign currency deposit push reflects a broader shift among Indian lenders to diversify funding sources amid global market volatility.
PNB shifts focus to Retail, Agriculture and MSME as RAM hits 56.6% of domestic advances
Under MD & CEO Ashok Chandra, Punjab National Bank is moving away from large corporate loans toward RAM lending, backed by a push for low-cost CASA deposits.
CBI raids eight Kolkata locations over ₹191 Cr PNB fund diversion
Three companies allegedly diverted working capital loans through shadow accounts and duplicate ledgers, exposing gaps that AI credit models alone cannot catch.
Banks racing to lock $40 billion in foreign deposits via FCNR rate spike
PNB and Ujjivan SFB have sharply raised USD deposit yields to attract NRI capital, part of an RBI-backed strategy to plug the current account deficit and shore up forex reserves.
PNB posts ₹5,100 Cr record quarterly profit on retail growth and NPA cleanup
Punjab National Bank's Q3 profit surged 13% year-on-year, driven by sharply lower bad loans and a focused push into retail and MSME lending. The results underscore a broader shift in PSU banking toward asset quality and retail-led growth.
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