PNB

Punjab National Bank reported a 13 percent increase in net profit for the third quarter, with earnings rising to Rs. 5,100 crore, reflecting sustained improvement in its financial health. The state-owned lender benefited from stronger core income, reduced credit costs, and steady asset quality metrics. The results highlight PNB’s ongoing efforts to consolidate gains made over recent quarters, even as the banking sector faces evolving interest-rate and liquidity dynamics.

Punjab National Bank (PNB), one of India’s leading public sector lenders, is set to undertake a major restructuring of its credit card operations from November. The move is aimed at strengthening its market position, enhancing customer engagement, and expanding its digital offerings at a time when the credit card industry is witnessing rapid growth. The revamp is expected to align PNB’s card business with evolving consumer preferences, regulatory directives, and competitive pressures from private players and fintech-led issuers.

Punjab National Bank (PNB) has signed a memorandum of understanding with the Central Reserve Police Force (CRPF) to provide a tailored package of insurance and financial benefits to serving and retired personnel. The initiative is aimed at strengthening social security for India’s largest paramilitary force, ensuring financial protection for members and their families. The pact covers a wide range of services, including accident and health insurance, concessional loans, and dedicated banking assistance.