Punjab National Bank News and Updates

Keep track of all breaking news on Punjab National Bank from all sources in a single place.

Punjab National Bank

09 Oct 2026

118.50

1.67%

Punjab National Bank eyes debut dollar bond issue, bankers say

Business Line

Punjab National Bank aims to raise at least $500 million through a 5-year bond issue

Punjab National Bank has an average target of 148.00 from 3 brokers.

Punjab National Bank

29 Sep 2026

118.50

1.67%

CBI arrests Nirav Modi aide after extradition from UAE in PNB scam

Business Standard

The Central Bureau of Investigation (CBI) has arrested fugitive businessman Nirav Modi's associate Sandeep Mistry following his extradition from the UAE in connection with a multi-million-dollar PNB scam, officials said. After being extradited on Monday, the CBI formally placed Mistry under arrest in Mumbai on Tuesday. The agency subsequently produced him before a special CBI court, but did not press for his remand. The court then remanded Mistry to judicial custody till October 6. The arrest was made in compliance with a non-bailable warrant issued by a special court in November 2025. Mistry had served as the director of Fancy Creations Ltd, a Hong Kong-based company of Nirav Modi. The CBI alleged that Mistry played an active role in the criminal conspiracy with Modi and other accused persons, in furtherance of which the Punjab National Bank was cheated to the tune of nearly Rs 6,498.20 crore. The central agency has also claimed that Mistry, along with Modi's brother Nehal and .

Number of FII/FPI investors decreased from 700 to 665 in Jun 2026 qtr

Punjab National Bank

10 Sep 2026

118.50

1.67%

PNB to enter wealth management services, beef up credit card portfolio

Business Standard

The state-run lender plans to launch wealth management services in early 2027 and is adding 50,000-60,000 credit cards every month as it seeks new growth avenues

Punjab National Bank is trading above all available SMAs

Punjab National Bank

09 Aug 2026

118.50

1.67%

PNB to roll out its wealth management product by Dec aimed at boosting non-interest income

Business Line

PNB plans to deploy 1,300 Customer Relationship Managers across 1,300 branches by end of this month

Number of FII/FPI investors decreased from 700 to 665 in Jun 2026 qtr

PNB to roll out wealth management services to boost non-interest income

Business Standard | 09 Aug 2026

Punjab National Bank

02 Aug 2026

118.50

1.67%

No plan to monetise subsidiaries, focus on enhancing their value: PNB MD

Business Line

PNB's capital adequacy improved to 18.13% as on June 30, 2026, compared to 17.5% at the end of the first quarter of the previous fiscal year

Punjab National Bank has an average target of 148.00 from 3 brokers.

No plan to monetise subsidiaries, focus on enhancing their value: PNB MD

Business Standard | 02 Aug 2026

Punjab National Bank

26 Jul 2026

118.50

1.67%

Punjab National Bank's profit to cross 20,000 cr mark in FY27: MD Chandra

Business Standard

Enthused by the consistent financial performance of the last four quarters, Punjab National Bank MD and CEO Ashok Chandra exuded confidence that the bank's profit would surpass the Rs 20,000 crore mark this financial year. The public sector lender had earned a net profit of Rs 16,904 crore in the previous financial year. From the second quarter of last financial year, the bank has been maintaining a net profit of over Rs 5,000 crore every quarter, Chandra told PTI in an interview. "We have maintained the same trend in the first quarter (ongoing financial year). And I am hopeful and confident that with the profitable growth, which is happening in the system....we will be surpassing the Rs 5,000 crore number and every quarter will be reaching a new height," he said. Asked if the bank can cross the Rs 20,000 crore mark during FY27 at this run rate, he said, "If I am telling that every quarter Rs 5,000 crore of net profit will happen, I think that goes to that figure which you are talk

Punjab National Bank has an average target of 148.00 from 3 brokers.

PNB profit to cross 20,000-cr mark in FY27: MD Chandra

Business Line | 26 Jul 2026

Punjab National Bank

23 Jul 2026

118.50

1.67%

AP, PNB signs MoU for Quantum Finance Hub at Amaravati

Business Line

The Hub will serve as a collaborative platform for research, innovation, incubation, and acceleration of next-generation financial technologies

Number of FII/FPI investors decreased from 700 to 665 in Jun 2026 qtr

Punjab National Bank

22 Jul 2026

118.50

1.67%

Punjab National Bank eyes entry into world's top 100 banks in next 2 years

Business Standard

Currently, only State Bank of India, the country's biggest lender, and private-sector leader HDFC Bank Ltd. rank in the top 100 global sector list by total assets

Punjab National Bank has an average target of 148.00 from 3 brokers.

Punjab National Bank

21 Jul 2026

118.50

1.67%

PNB to foray into acquisition finance in third quarter: CEO Ashok Chandra

Business Standard

Punjab National Bank (PNB) managing director and CEO Ashok Chandra has said that the bank would enter into acquisition finance in the third quarter of the current financial year as the RBI recently opened the window for lenders. Earlier this year, the Reserve Bank came out with final guidelines on acquisition finance by banks, increasing the lending limit to up to 75 per cent of the deal value from the 70 per cent proposed in the draft rules. "The acquisition finance market is a very, very big market and ample opportunities are there in the system. We have got our policy approved for the acquisition financing in the last board meeting," he told PTI in an interview. "We are looking for a good partner and then maybe from Q3 onwards, we will be initiating some work in the acquisition financing," he said. To begin with, he said, the bank would be starting acquisition finance with the domestic entities, and this will help the bank to diversify their asset portfolio. While permitting th