# PNB (PNB) — Stock analysis

> Faxioms all-in-one stock review. Canonical page: https://faxioms.com/stocks/pnb

## Current market snapshot

- Exchange: NSE
- Country: India
- Price: ₹117.12
- Change: +0.56%
- As of: 2026-09-18
- 1D return: +0.69%
- 5D return: +0.36%
- 1M return: -0.62%
- Latest complete quarter: fy27_q1

## Faxioms Analysis

_As of 2026-09-18_

### Technical Outlook

As of September 18, 2026, the stock is trading at ₹117.27, showing a mixed technical stance across different timeframes. Daily and monthly timeframes indicate a bullish trend, with the price trading above key moving averages (EMA 20, EMA 50, SMA 20, SMA 200, SMA 50) and the Supertrend indicator. However, the weekly timeframe presents a bearish signal, with the price below the Supertrend indicator, despite trading above its EMA 20, EMA 50, and SMA 20. This divergence suggests potential short-term consolidation or a pullback within a broader longer-term uptrend. The stock is currently positioned within its recent trading range, closer to the upper end based on 20-day and 50-day periods, but further from the 252-day range high. Recent market activity shows a balance of neutral and positive events over the last 30 days, with one downside event. The stock exhibits an annualized volatility of 28% and a current drawdown of -11%, with a maximum drawdown of -25% observed historically.

- Daily and monthly timeframes show bullish price action above key moving averages and Supertrend.
- Weekly timeframe shows a bearish signal with price below Supertrend, indicating potential short-term weakness.
- Nearest resistance is observed at ₹117.41 (pivot level), approximately 0.12% above the current price.
- Nearest support is identified at ₹115.42 (low), approximately 1.58% below the current price.
- Watch for a sustained break above ₹117.41 for potential upside continuation, or a move below ₹115.42 to test lower support levels.

- Inside Bar
- Shooting Star
- Harami
- Outside Bar
- Bearish Engulfing Reversal
- Evening Star

### News Context

Public Sector Undertaking (PSU) bank stocks, including Punjab National Bank (PNB), experienced upward movement on September 18, 2026, attributed to market speculation surrounding a potential merger. This sentiment was fueled by a fake document circulating online, which falsely claimed a merger of nine PSU banks and was purportedly issued by the Ministry of Finance. The government, through PIB Fact Check, officially debunked this document on September 17, 2026, confirming its inauthenticity and advising caution. Despite the clarification, PSU bank stocks, including PNB, reacted positively to the merger rumors prior to the official debunking. Earlier in the week, on September 16, 2026, bank shares, with PNB and Axis Bank noted as leaders, had also seen gains, linked by some reports to hopes of an interest rate hike and increased revenue from UPI MDR.

- On September 18, 2026, PNB and other PSU bank stocks saw gains amid rumors of a bank merger.
- The rumors were based on a fake document claiming a merger of nine PSU banks, which the government officially debunked on September 17, 2026, stating it was not authentic.
- Despite the government's clarification on September 17, 2026, PSU bank stocks reacted positively to the merger rumors prior to the official statement.
- On September 16, 2026, PNB was among the bank shares that rose, with reports linking the gains to potential interest rate hikes and increased UPI MDR revenue.

- Bank Nifty outperforms benchmarks, rises above 56,400; HDFC Bank jumps over 2.5%: What lies ahead?
- SBI, PNB to Bank of Maharashtra: Why are PSU bank stocks rising today?
- 'Fake': Centre debunks viral gazette on merger of 9 public sector banks
- SBI, PNB, Bank of Baroda: Did Centre order merger of 9 public sector banks?
- Bank shares rise on rate hike hopes, more revenue from UPI MDR; PNB, Axis Bank lead gains

### What Changed

On September 17, 2026, Punjab National Bank (PNB) announced the election of a Shareholder Director. This corporate action occurred amidst recent news highlighting a positive market reaction in Public Sector Undertaking (PSU) bank stocks, including PNB, to unverified rumors of a merger. Separately, PNB's stock price saw a slight increase, closing at ₹117.27 on September 18, 2026, up from ₹116.47 the previous day. The Bank Nifty index also outperformed benchmarks during this period.

- On 2026-09-17, PNB announced the election of a Shareholder Director.
- Recent news indicates PSU bank stocks, including PNB, reacted positively to unverified merger rumors.
- PNB's stock price closed at ₹117.27 on 2026-09-18, an increase from ₹116.47 on the prior day.
- The Bank Nifty index showed outperformance against benchmarks.

- Bank Nifty outperforms benchmarks, rises above 56,400; HDFC Bank jumps over 2.5%: What lies ahead?
- SBI, PNB to Bank of Maharashtra: Why are PSU bank stocks rising today?
- Punjab National Bank has informed the Exchange about Election of Shareholder Director |SUBJECT: General Updates

### Official Filings

Punjab National Bank (PNB) has announced the election of a Shareholder Director, a development that pertains to the governance structure of the bank. Additionally, disclosures related to PNB Housing Finance Limited's Security Cover Certificate for the first quarter of the fiscal year 2026-2027 have been made. These updates provide information on the bank's leadership and the financial standing of its subsidiary.

- PNB informed the Exchange about the Election of a Shareholder Director on September 17, 2026.
- General Updates were also communicated by PNB on September 16, 2026.
- A Disclosure Under Regulation 51 was filed by PNB on September 16, 2026.
- PNB Housing Finance Limited's Security Cover Certificate for Q1 FY 2026-2027 was disclosed on September 11, 2026.

- Punjab National Bank has informed the Exchange about Election of Shareholder Director |SUBJECT: General Updates
- Punjab National Bank has informed the Exchange about General Updates |SUBJECT: General Updates
- Disclosure Under Regulation 51 |SUBJECT: Disclosure Under Regulation 51
- IDBI Trusteeship Services Limited has informed the exchange for PNB Housing Finance Limited regarding Security Cover Certificate of ISIN INE572E07068 for Q1 for the FY 2026-2027 |SUBJECT: Security Cover Certificate

### Fundamentals

Punjab National Bank (PNB) reported its operating performance for the periods ending Q3 FY2025-26, Q4 FY2025-26, and Q1 FY2026-27. The bank's operating profit before provisions and contingencies showed a slight fluctuation, standing at ₹7,570.32 crore in Q3 FY2025-26, decreasing to ₹7,521.21 crore in Q4 FY2025-26, and then increasing to ₹7,662.76 crore in Q1 FY2026-27. Interest earned demonstrated a generally upward trend, moving from ₹32,889.23 crore in Q3 FY2025-26 to ₹33,589.17 crore in Q1 FY2026-27, while interest expended also rose from ₹22,164.43 crore to ₹22,583.30 crore over the same comparative periods. Other income experienced a notable decrease from ₹5,013.43 crore in Q3 FY2025-26 to ₹4,080.25 crore in Q4 FY2025-26, before recovering to ₹4,364.58 crore in Q1 FY2026-27. Employee costs and other operating expenses also showed variability across these quarters.

- Operating Profit Before Provision And Contingencies was ₹7,570.32 crore in Q3 FY2025-26, ₹7,521.21 crore in Q4 FY2025-26, and ₹7,662.76 crore in Q1 FY2026-27.
- Interest Earned increased from ₹32,889.23 crore in Q3 FY2025-26 to ₹33,589.17 crore in Q1 FY2026-27.
- Interest Expended increased from ₹22,164.43 crore in Q3 FY2025-26 to ₹22,583.30 crore in Q1 FY2026-27.
- Other Income was ₹5,013.43 crore in Q3 FY2025-26, ₹4,080.25 crore in Q4 FY2025-26, and ₹4,364.58 crore in Q1 FY2026-27.
- Employees Cost was ₹5,147.35 crore in Q3 FY2025-26, ₹3,810.73 crore in Q4 FY2025-26, and ₹4,597.77 crore in Q1 FY2026-27.

### Bull Case

Punjab National Bank's (PNB) stock has shown upward momentum, supported by technical indicators across multiple timeframes. The daily trend analysis indicates a bullish Super Trend at ₹112.09, with the closing price of ₹117.27 trading above the 20-day Exponential Moving Average (EMA) of ₹116.02 and the 50-day Simple Moving Average (SMA) of ₹113.80. This trend is further reinforced by a positive 5-day slope on the 20-day EMA (0.29) and the 50-day SMA (1.28). On a monthly basis, the Super Trend remains bullish at ₹89.13, with the closing price also exceeding the 20-day EMA (₹111.03) and 20-day SMA (₹110.58). While the weekly trend shows a bearish Super Trend at ₹120.90, the daily and monthly indicators suggest underlying strength. Recent market commentary notes that PSU bank stocks, including PNB, have seen positive reactions to rumors of mergers, although these were later debunked as fake news by the government.

- On a daily basis, the Super Trend indicator is bullish at ₹112.09 as of 2026-09-18.
- The closing price of ₹117.27 on 2026-09-18 is above the daily 20-day EMA of ₹116.02 and the 50-day SMA of ₹113.80.
- The monthly Super Trend indicator is bullish at ₹89.13.
- Recent news indicates that PNB, along with other PSU banks, experienced positive stock movement on speculative merger rumors, which were subsequently confirmed as false.

- Bank Nifty outperforms benchmarks, rises above 56,400; HDFC Bank jumps over 2.5%: What lies ahead?
- SBI, PNB to Bank of Maharashtra: Why are PSU bank stocks rising today?
- 'Fake': Centre debunks viral gazette on merger of 9 public sector banks
- SBI, PNB, Bank of Baroda: Did Centre order merger of 9 public sector banks?
- Bank shares rise on rate hike hopes, more revenue from UPI MDR; PNB, Axis Bank lead gains

### Bear Case

The company's weekly trend analysis indicates a bearish direction, with the Supertrend indicator at 120.9. This contrasts with the daily and monthly trend analyses, which show a bullish Supertrend direction. The stock has experienced a current drawdown of -11% and a maximum drawdown of -25%, suggesting historical periods of significant price decline. The annualized volatility stands at 28%, and downside deviation is 19%, indicating a degree of price fluctuation.

- Weekly trend analysis shows a bearish Supertrend direction at 120.9 as of 2026-09-18.
- The stock has experienced a current drawdown of -11% and a maximum drawdown of -25%.
- Annualized volatility is 28% with a downside deviation of 19%.

- Bank Nifty outperforms benchmarks, rises above 56,400; HDFC Bank jumps over 2.5%: What lies ahead?
- SBI, PNB to Bank of Maharashtra: Why are PSU bank stocks rising today?
- 'Fake': Centre debunks viral gazette on merger of 9 public sector banks
- SBI, PNB, Bank of Baroda: Did Centre order merger of 9 public sector banks?
- Bank shares rise on rate hike hopes, more revenue from UPI MDR; PNB, Axis Bank lead gains

### FAQs

**What was the impact of the recent fake merger news on Punjab National Bank (PNB) and other Public Sector Undertaking (PSU) banks?**

Recent news indicated that PSU bank stocks, including Punjab National Bank (PNB), experienced a rise due to circulating rumors of a merger between nine public sector banks. However, the Indian government, through PIB Fact Check, debunked these claims, stating a fake document was circulating and urging caution. The market reaction suggests that positive sentiment, even if based on misinformation, can influence stock prices.

**What are the recent technical indicators for PNB as of September 18, 2026?**

As of September 18, 2026, PNB's daily trend indicators suggest a bullish sentiment, with the Supertrend at 112.09 and the EMA 20 (116.02) above the EMA 50 (114.13). The daily ADX is 14.71, and the plus DI (22.1) is higher than the minus DI (14.23). However, the weekly trend shows a bearish Supertrend at 120.9, with the EMA 20 (113.12) below the EMA 50 (112.39) and a higher ADX of 13.66, though the plus DI (22.51) is still slightly above the minus DI (18.25).

**What are PNB's recent returns and risk profile as of September 18, 2026?**

As of September 18, 2026, PNB has shown varied returns across different periods. Year-to-date, the return is -5%, while the 1-year return is 5%. Over the last 3 months, the return was 7%. The stock's risk profile includes an annualized volatility of 28% and a current drawdown of -11%. The maximum drawdown observed is -25%.

**What are the key support and resistance levels for PNB?**

As of September 18, 2026, PNB's nearest technical levels show resistance at 117.41 (pivot point), 118.32, 118.46, and 120.45. Support levels are identified at 115.42, 114.37, 112.38, and 110.51.

- Bank Nifty outperforms benchmarks, rises above 56,400; HDFC Bank jumps over 2.5%: What lies ahead?
- SBI, PNB to Bank of Maharashtra: Why are PSU bank stocks rising today?
- 'Fake': Centre debunks viral gazette on merger of 9 public sector banks
- SBI, PNB, Bank of Baroda: Did Centre order merger of 9 public sector banks?
- Bank shares rise on rate hike hopes, more revenue from UPI MDR; PNB, Axis Bank lead gains
- Punjab National Bank has informed the Exchange about Election of Shareholder Director |SUBJECT: General Updates
- Punjab National Bank has informed the Exchange about General Updates |SUBJECT: General Updates
- Disclosure Under Regulation 51 |SUBJECT: Disclosure Under Regulation 51
- IDBI Trusteeship Services Limited has informed the exchange for PNB Housing Finance Limited regarding Security Cover Certificate of ISIN INE572E07068 for Q1 for the FY 2026-2027 |SUBJECT: Security Cover Certificate
## Technical analytics

- As of: 2026-09-18
- Daily trend: Weak Uptrend
- Weekly trend: Weak Uptrend
- Pivot point: ₹117.41
- Risk regime: Price Risk Currently Contained

### Support levels
- 110.50921875
- 108.3041796875
- 98.5

### Resistance levels
- 118.32035156250001
- 125.21
- 128.515

### Return and range metrics

| Metric | Value |
| --- | --- |
| return_1 | +0.69% |
| return_10 | +0.82% |
| return_1m | +0.66% |
| return_1y | +4.84% |
| return_20 | -0.62% |
| return_3m | +7.02% |
| return_5 | +0.36% |
| return_6m | +3.67% |
| return_since_start | +14.23% |
| return_ytd | -5.38% |

### Risk and volatility metrics

| Metric | Value |
| --- | --- |
| state | contained_risk |
| label | Price risk currently contained |
| summary | Recent drawdown and price variability remain within the producer's contained-risk thresholds. |
| maximum_drawdown | -24.83% |
| annualized_volatility | +27.50% |

## Quarterly financials

- Latest complete quarter: fy27_q1

# Tax Expense Reduction and Lower Operating Costs Drive Profit Growth

Punjab National Bank reported a net profit of ₹5,339.15 crore for the quarter ended 30 June 2026, up from ₹1,832.22 crore a year earlier. The increase followed a sharp decline in the tax charge and a reduction in operating expenses, which more than offset a drop in other income and a rise in provisions. Operating profit before provisions edged higher, and the bank’s common equity tier one ratio improved to 14.52%.

## Operating Profit and Revenue
Operating profit before provisions and contingencies rose 4.7% year-over-year to ₹7,662.76 crore, compared with ₹7,318.53 crore in the same quarter last year. This movement resulted from offsetting changes in revenue and costs. Net interest income grew 2.4% to ₹11,005.87 crore, while other income fell 19.6% to ₹4,364.58 crore. Combined operating expenses declined by ₹1,144.29 crore, more than covering the ₹1,061.93 crore drop in other income.

## Net Interest Income
Interest earned increased 3.1% year-over-year to ₹33,589.17 crore. Interest on advances contributed ₹23,288.35 crore to this total. Revenue on investments stood at ₹8,527.14 crore, down from ₹8,852.36 crore a year earlier. Interest expended rose 3.5% to ₹22,583.30 crore, resulting in a net interest income increase of ₹261.87 crore compared with the prior-year quarter.

## Other Income and Operating Expenses
Other income fell from ₹5,426.51 crore to ₹4,364.58 crore year-over-year. On a sequential basis, it recovered from ₹4,080.25 crore in the March 2026 quarter. Employee costs decreased 12.0% to ₹4,597.77 crore, while other operating expenses fell 14.2% to ₹3,109.92 crore. Sequentially, employee costs rose from ₹3,810.73 crore in the preceding quarter.

## Provisions and Profit After Tax
Provisions other than tax and contingencies increased 60.7% year-over-year to ₹554.70 crore, up from ₹345.11 crore. Despite this rise, profit before tax moved slightly higher to ₹7,108.06 crore from ₹6,973.42 crore. The larger increase in net profit came from the tax charge, which fell to ₹1,768.91 crore from ₹5,141.20 crore a year earlier. The effective tax rate dropped to 24.9% from 73.7%. Profit after tax consequently rose to ₹5,339.15 crore, and basic earnings per share increased to ₹5.06 from ₹1.84.

## Capital Position
The common equity tier one ratio stood at 14.52% as of 30 June 2026, up from 13.67% at the end of March 2026 and from 12.98% a year earlier.

## Key Takeaway
Punjab National Bank's net profit for the quarter ended 30 June 2026 was significantly higher than a year ago, primarily due to a lower tax expense and reduced operating costs. These factors outweighed a decline in other income and higher provisions. The bank's capital ratio also improved compared with both the preceding quarter and the same period last year.

### Ratios

## Official filings

- 2026-09-18 — Credit Rating Update: Punjab National Bank — [Official attachment](https://nsearchives.nseindia.com/corporate/pnb2_18092026182503_Intimation_Rating_MTN_18092026.pdf)
- 2026-09-17 — Generic Announcement: Punjab National Bank — [Official attachment](https://nsearchives.nseindia.com/corporate/pnb2_17092026214740_Intimation_Outcome_17092026_DS.pdf)
- 2026-09-16 — Generic Announcement: Punjab National Bank — [Official attachment](https://nsearchives.nseindia.com/corporate/pnb2_16092026232206_Intimation_Establishment_of_EMTN_16092026_.pdf)
- 2026-09-16 — Generic Announcement: Punjab National Bank — [Official attachment](https://nsearchives.nseindia.com/content/debt/WDM/pnb2_16092026232627_Intimation_Establishment_of_EMTN_16092026_.pdf)
- 2026-09-11 — Generic Announcement: PNB Housing Finance Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/IDBITSL_11092026124353_SCC_PNB_Housing_Finance_Limited.pdf)
- 2026-09-11 — Generic Announcement: PNB Housing Finance Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/IDBITSL_11092026124353_SCC_PNB_Housing_Finance_Limited.pdf)
- 2026-09-11 — Generic Announcement: PNB Housing Finance Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/IDBITSL_11092026124353_SCC_PNB_Housing_Finance_Limited.pdf)
- 2026-09-11 — Generic Announcement: PNB Housing Finance Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/IDBITSL_11092026124353_SCC_PNB_Housing_Finance_Limited.pdf)
- 2026-09-11 — Generic Announcement: PNB Housing Finance Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/IDBITSL_11092026124353_SCC_PNB_Housing_Finance_Limited.pdf)
- 2026-09-11 — Generic Announcement: PNB Housing Finance Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/IDBITSL_11092026124353_SCC_PNB_Housing_Finance_Limited.pdf)
- 2026-09-11 — Generic Announcement: PNB Housing Finance Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/IDBITSL_11092026124353_SCC_PNB_Housing_Finance_Limited.pdf)
- 2026-09-11 — Generic Announcement: PNB Housing Finance Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/IDBITSL_11092026124353_SCC_PNB_Housing_Finance_Limited.pdf)
- 2026-09-11 — Generic Announcement: PNB Housing Finance Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/IDBITSL_11092026124353_SCC_PNB_Housing_Finance_Limited.pdf)
- 2026-09-11 — Generic Announcement: PNB Housing Finance Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/IDBITSL_11092026124353_SCC_PNB_Housing_Finance_Limited.pdf)
- 2026-09-11 — Generic Announcement: PNB Housing Finance Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/IDBITSL_11092026124353_SCC_PNB_Housing_Finance_Limited.pdf)
- 2026-09-11 — Generic Announcement: PNB Housing Finance Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/IDBITSL_11092026124353_SCC_PNB_Housing_Finance_Limited.pdf)
- 2026-09-11 — Generic Announcement: Punjab National Bank — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/CIM_2009_WebXMLFile_20260911_150507785.xml)
- 2026-09-11 — Generic Announcement: Punjab National Bank — [Official attachment](https://nsearchives.nseindia.com/corporate/pnb2_11092026153708_Intimation_Profile_11092026_DS.pdf)
- 2026-09-09 — Generic Announcement: Punjab National Bank — [Official attachment](https://nsearchives.nseindia.com/corporate/pnb2_09092026184338_Intimation_Strike_09092026_DS.pdf)
- 2026-09-09 — Generic Announcement: Punjab National Bank — [Official attachment](https://nsearchives.nseindia.com/content/debt/WDM/pnb2_09092026185410_Intimation_Strike_09092026_DS.pdf)
- 2026-09-01 — Generic Announcement: Punjab National Bank — [Official attachment](https://nsearchives.nseindia.com/corporate/pnb2_01092026113449_Intimation_Change_in_Management_01092026.pdf)
- 2026-09-01 — Generic Announcement: Punjab National Bank — [Official attachment](https://nsearchives.nseindia.com/corporate/pnb2_01092026113907_Intimation_detailed_notice_01092026_DS.pdf)
- 2026-09-01 — Generic Announcement: Punjab National Bank — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_2009_WebXMLFile_20260901_153327913.xml)
- 2026-08-31 — Generic Announcement: Punjab National Bank — [Official attachment](https://nsearchives.nseindia.com/corporate/pnb2_31082026193022_Intimation_InterestRateChange_31082026_DS.pdf)
- 2026-08-27 — Generic Announcement: Punjab National Bank — [Official attachment](https://nsearchives.nseindia.com/corporate/pnb2_27082026160323_Intimation_Analyst_Meet_27082026.pdf)

## News and market events

- 2026-09-18 — MONEYCONTROL: **Bank Nifty outperforms benchmarks, rises above 56,400; HDFC Bank jumps over 2.5%: What lies ahead?** — Bank Nifty, HDFC Bank share price — [Source](https://www.moneycontrol.com/news/business/markets/bank-nifty-outperforms-benchmarks-rises-above-56-400-hdfc-bank-jumps-over-2-5-what-lies-ahead-14032968.html)
- 2026-09-18 — Mint: **SBI, PNB to Bank of Maharashtra: Why are PSU bank stocks rising today?** — A fake document claiming a merger of public sector banks, purportedly issued by the Ministry of Finance, has been circulating online. The government confirmed it is not authentic, urging caution in verifying such claims, as PSU bank stocks react positively to the rumors. — [Source](https://www.livemint.com/market/stock-market-news/psu-bank-merger-sbi-pnb-to-bank-of-maharashtra-why-are-psu-bank-stocks-rising-today-11789704328894.html)
- 2026-09-17 — BUSINESSTODAY: **'Fake': Centre debunks viral gazette on merger of 9 public sector banks** — public sector bank mergers, fake gazette, PIB Fact Check, Finance Ministry India, State Bank of India, Punjab National Bank, Bank of Baroda, social media misinformation, PSU banks — [Source](https://www.businesstoday.in/india/story/fake-centre-debunks-viral-gazette-on-merger-of-9-public-sector-banks-556026-2026-09-17)
- 2026-09-16 — MONEYCONTROL: **SBI, PNB, Bank of Baroda: Did Centre order merger of 9 public sector banks?** — Bank merger, PSBs merger, Public Sector Bank merger, PIB Fact Check fake bank merger — [Source](https://www.moneycontrol.com/news/india/sbi-pnb-bank-of-baroda-did-centre-order-merger-of-9-public-sector-banks-14031414.html)
- 2026-09-16 — MONEYCONTROL: **Bank shares rise on rate hike hopes, more revenue from UPI MDR; PNB, Axis Bank lead gains** — bank nifty, bank shares — [Source](https://www.moneycontrol.com/news/business/markets/bank-shares-rise-on-rate-hike-hopes-more-revenue-from-upi-mdr-pnb-axis-bank-lead-gains-14031096.html)
- 2026-09-16 — BUSINESSTODAY: **YES Bank, BOB, PNB, IndusInd Bank, HDFC Bank shares: Key beneficiaries of MDR charges** — YES Bank share price, YES Bank shares, PNB share price, PNB shares, IndusInd Bank share price, HDFC Bank share price, MDR charges, UPI charges — [Source](https://www.businesstoday.in/markets/stocks/story/yes-bank-bob-pnb-indusind-bank-hdfc-bank-shares-key-beneficiaries-of-mdr-charges-555821-2026-09-16)
- 2026-09-16 — MONEYCONTROL: **ATM-related stocks rise up to 5% amid introduction of UPI MDR: Here's why** — UPI, ATM, CMS Info, — [Source](https://www.moneycontrol.com/news/business/markets/atm-related-stocks-rise-up-to-5-amid-introduction-of-upi-mdr-here-s-why-14030995.html)
- 2026-09-16 — Mint: **Yes Bank share price jumps 4% | What’s driving the stock rally?** — Yes Bank shares rose 4% on September 16 due to management changes and favorable brokerage estimates, indicating potential profit increases from the revised UPI MDR structure. The bank reported a 32.54% year-on-year net profit rise for Q1 FY27 but a slight quarter-on-quarter decline. — [Source](https://www.livemint.com/market/stock-market-news/yes-bank-share-price-jumps-4-what-s-driving-the-stock-rally-11789535817324.html)
- 2026-09-16 — Economic Times: **Yes Bank shares jump 4% as Citi, Morgan Stanley see lender as key beneficiary of new UPI charges. Earnings boost ahead?** — Yes Bank shares rose sharply on Wednesday after Citi and Morgan Stanley identified the lender as a key beneficiary of new MDR charges on select UPI transactions above Rs 2,000. Citi expects the lender and other banks to see an earnings boost, while Morgan Stanley sees a smaller profit benefit than estimated earlier. — [Source](https://economictimes.indiatimes.com/markets/stocks/news/yes-bank-shares-jump-4-as-citi-morgan-stanley-see-lender-as-key-beneficiary-of-new-upi-charges-earnings-boost-ahead/articleshow/134278712.cms)
- 2026-09-15 — BUSINESSTODAY: **ICICI Bank, Ashok Leyland, Oberoi Realty, SBI shares: Rate-sensitives slide as 25 bps Oct rate hike bets rise** — Rate sensitive stocks fall, Tata Motors shares, ICICI Bank, SBI shares, Ashok Leyland shares, Oberoi Realty shares — [Source](https://www.businesstoday.in/markets/stocks/story/icici-bank-ashok-leyland-oberoi-realty-sbi-shares-rate-sensitives-slide-as-25-bps-oct-rate-hike-bets-rise-555614-2026-09-15)
- 2026-09-15 — News18: **Need A Personal Loan At A Low Interest Rate? Check What SBI, ICICI, HDFC And Axis Bank Are Offering** — Planning to take a personal loan? Check the latest starting interest rates offered by major private and public-sector banks, and know what determines the rate you actually get — [Source](https://www.news18.com/photogallery/business/savings-and-investments/need-a-personal-loan-at-a-low-interest-rate-check-what-sbi-icici-hdfc-and-axis-bank-are-offering-shil-ws-l-10330499.html)
- 2026-09-14 — BUSINESSTODAY: **Plan your branch visits: Bank to remain shut in major cities this week; check 4-day RBI holiday list** — bank holidays, RBI holiday list, SBI, HDFC, ICICI, PNB, branch closures, digital banking, UPI, ATMs, September 2026 — [Source](https://www.businesstoday.in/india/story/plan-your-branch-visits-bank-to-remain-shut-in-major-cities-this-week-check-4-day-rbi-holiday-list-555394-2026-09-14)
- 2026-09-14 — BUSINESSTODAY: **Plan your branch visits: Banks to remain shut in major cities this week; check 4-day RBI holiday list** — bank holidays, RBI holiday list, SBI, HDFC, ICICI, PNB, branch closures, digital banking, UPI, ATMs, September 2026 — [Source](https://www.businesstoday.in/india/story/plan-your-branch-visits-banks-to-remain-shut-in-major-cities-this-week-check-4-day-rbi-holiday-list-555394-2026-09-14)
- 2026-09-13 — BUSINESSTODAY: **PSU bank FD rates remain below 7%: SBI, PNB, BoB, Bank of India compared; what's the best you can get** — PSU bank FD rates remain below 7%: SBI, PNB, BoB, Bank of India compared; what's the best you can get — [Source](https://www.businesstoday.in/personal-finance/investment/story/psu-bank-fd-rates-remain-below-7-sbi-pnb-bob-bank-of-india-compared-whats-the-best-you-can-get-555302-2026-09-14)
- 2026-09-13 — Economic Times: **Vi eyes ₹35,000-crore loan to fund next decade's capex** — Vodafone Idea is arranging a significant loan to fund its capital expenditures. State Bank of India has approved a substantial portion of this ₹35,000-crore term loan. Other public and private sector banks are expected to join the lending consortium soon. The company needs ₹60,000 crore for service upgrades, with the balance from internal accruals. Kumar Mangalam Birla's continued chairmanship is a condition for this long-term financing. — [Source](https://economictimes.indiatimes.com/industry/telecom/telecom-news/vi-eyes-35000-crore-loan-to-fund-next-decades-capex/articleshow/134220187.cms)
- 2026-09-11 — Times of India: **Banking services hit as staff join nationwide strike to get 5-day work week** — Assam banking services disrupted as UFBU strike demands 5-day work week, Saturday holidays, and action on PLI, wages and pensions; more strikes threatened. — [Source](https://timesofindia.indiatimes.com/city/guwahati/banking-services-hit-as-staff-join-nationwide-strike-to-get-5-day-work-week/articleshow/134082702.cms)
- 2026-09-11 — Times of India: **Banking services disrupted nationwide as employees demand five-day workweek and wage resolution** — NEW DELHI: Banking services, particularly at public sector banks, were affected across several states on Friday as employees and officers joined a nat. — [Source](https://timesofindia.indiatimes.com/city/delhi/banking-services-disrupted-nationwide-as-employees-demand-five-day-workweek-and-wage-resolution/articleshow/134058293.cms)
- 2026-09-11 — REDIFF.COM: **PNB targets wealth management entry by 2027, ramps up credit card portfolio** — State-run Punjab National Bank (PNB) is strategically planning to enter the wealth management segment by early 2027 and significantly expand its credit card portfolio, aiming to tap into lucrative markets largely dominated by private-sector banks. — [Source](https://www.rediff.com/business/report/punjab-national-bank-to-enter-wealth-management-expand-credit-card-business/20260911.htm)
- 2026-09-11 — Economic Times: **Bank union strike today: Are banks open or closed today on September 11, 2026? Check details - The Economic Times** — Customers should brace for significant disruptions in bank services on September 11, 2026, as the UFBU calls for a nationwide strike. This strike will extend into the weekend, limiting service availability. Unions are pressing for critical reforms including a five-day work week and a thorough review of the PLI scheme. — [Source](https://economictimes.indiatimes.com/wealth/save/bank-union-strike-today-september-11-2026-are-sbi-pnb-bob-hdfc-icici-banks-open-or-closed-today-check-details/articleshow/134010311.cms)
- 2026-09-11 — Economic Times: **NPA provisions fall for a second quarter as banks sustain asset quality** — Aggregate loan loss provisioning by banks dropped significantly year-on-year. This decline was driven by improving asset quality and fewer fresh slippages. Provision coverage ratios also reduced the need for fresh funds. Public sector banks saw a 19.8 percent fall in provisioning. Private sector banks registered a sharper 33.6 percent reduction in provisioning. — [Source](https://economictimes.indiatimes.com/markets/stocks/news/npa-provisions-fall-for-a-second-quarter-as-banks-sustain-asset-quality/articleshow/134037281.cms)
- 2026-09-10 — News18: **Bank Strike With BRICS Clash 'Coincidence': Public Vs Private Impact, 5-Day Week Deadlock & Pay Rules Explained** — The primary catalyst behind Friday's strike stems from a two-year regulatory deadlock over working hours — [Source](https://www.news18.com/explainers/bank-strike-with-brics-clash-coincidence-public-vs-private-impact-5-day-week-deadlock-pay-rules-explained-ws-t-10322209.html)
- 2026-09-10 — Economic Times: **Bank union strike tomorrow: Are banks open or closed on September 11, 2026? Check details - The Economic Times** — Bank customers face potential disruptions on September 11, 2026, due to a nationwide strike. United Forum of Bank Unions has called for this action, impacting branch operations. Banks advise customers to use digital channels and ATMs for essential transactions. Essential services will run, but branch work may be affected by the strike. — [Source](https://economictimes.indiatimes.com/wealth/save/bank-union-strike-on-september-11-2026-are-sbi-hdfc-pnb-icici-banks-open-or-closed-check-details/articleshow/134008899.cms)
- 2026-09-10 — BUSINESSTODAY: **Bank holiday alert: Check where SBI, HDFC Bank, ICICI and PNB branches will be shut** — bank holidays September 2026, bank holiday next week, bank holidays next week, RBI bank holiday calendar 2026, SBI bank holiday, HDFC Bank holiday, ICICI Bank holiday, PNB bank holiday, bank holiday list September 2026, bank holidays September 11 2026, bank holidays September 12 2026, bank holidays — [Source](https://www.businesstoday.in/india/story/bank-holiday-alert-check-where-sbi-hdfc-bank-icici-and-pnb-branches-will-be-shut-554600-2026-09-10)
- 2026-09-10 — Economic Times: **Bank strike tomorrow September 11: PNB, Indian Bank, SBI, UCO, list of banks that may face disruptions** — Bank strike on September 11: Several major lenders have warned customers that branch and office services may be affected if employees join the nationwide walkout. The unions have also announced further strikes from September 28 to 30 and threatened an indefinite strike from October 26, with demands including a five-day banking week. — [Source](https://economictimes.indiatimes.com/news/new-updates/bank-strike-tomorrow-today-september-11-canara-bank-union-bank-pnb-indian-bank-sbi-uco-list-of-banks-that-may-face-disruptions/articleshow/134001049.cms)
- 2026-09-10 — FREEPRESSJOURNAL.IN: **Bank Strikes May Disrupt Services Nationwide, Indian Bank, UCO Bank, BoM And PNB Issue Alerts** — Indian Bank, UCO Bank, Bank of Maharashtra and PNB have warned of possible service disruptions during nationwide strikes starting September 11. — [Source](https://www.freepressjournal.in/business/bank-strikes-may-disrupt-services-nationwide-indian-bank-uco-bank-bom-and-pnb-issue-alerts)

## Business profile

**Strategic vision:** Indian public sector bank providing financial services.

### Business segments
- **Banking and Financial Services:** Provides a comprehensive range of banking and financial services to personal, corporate, and international customers.
- **Government Securities Trading:** PNB Gilts Ltd. is involved in the trading of Government securities, treasury bills, and Non-SLR Investments, as well as Money Market Instruments.
- **Merchant Banking:** PNB Investment Services Ltd. focuses on Merchant Banking activities, including Project Appraisal, Loan Syndication, Debt Placement, and the execution of various public offerings.
- **Credit Card Business:** PNB Cards and Services Limited is dedicated to PNB's credit card business.
- **International Banking:** Operates internationally through subsidiaries in the United Kingdom, Belgium, and a stake in a bank in Bhutan.
- **Life Insurance:** PNB maintains an ownership stake in Canara HSBC Life Insurance Co. Ltd., engaged in the life insurance business.
- **Banking Nepal:** PNB holds an ownership in Everest Bank Ltd., which conducts banking business in Nepal.

### Competitive strengths
- Established operational history since 1895.
- Network of domestic and international subsidiaries and associates.

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## Freshness and sources

- Data as of: 2026-09-18
- Source: Faxioms public stock analysis API

Canonical: https://faxioms.com/stocks/pnb
Markdown representation: https://faxioms.com/stocks/pnb?render=md