PNB

Punjab National Bank (PNB), India’s second-largest public sector lender, has unveiled an aggressive profitability roadmap, setting a bold target of Rs. 16,000 crore net profit for the financial year 2025–26. After reporting steady growth in FY24 and continuing its momentum in the current fiscal, the bank is banking on improved asset quality, digital transformation, and an expanding credit portfolio to drive earnings.

Punjab National Bank (PNB), one of India's largest state-run lenders, reported a sharp 48% year-on-year decline in its net profit for the first quarter of FY2025, coming in at Rs. 1,675 crore. The downturn was largely attributed to a significant spike in provisions and contingencies, despite growth in both net interest income and advances. While operational performance showed improvement, the steep rise in provisioning impacted bottom-line performance.