# Punjab National Bank (PNB) — Stock analysis

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

## Current market snapshot

- Exchange: NSE
- Country: India
- Price: ₹126.55
- Change: +0.36%
- As of: 2026-11-06
- 1D return: +0.36%
- 5D return: +3.01%
- 1M return: +9.77%
- Latest complete quarter: fy27_q2

## Faxioms Analysis

_As of 2026-11-06_

### Technical Outlook

As of 2026-11-06, PNB exhibits a strong daily and monthly uptrend with the stock trading at ₹126.55, positioned near the upper end of its recent ranges (+97.6% in the 20-day range). Price remains above all key moving averages (20, 50, 200 SMA) and the Supertrend indicator across daily, weekly, and monthly timeframes, confirming bullish structural alignment. The ADX readings indicate established trend strength on both daily (26.7) and monthly (27.89) charts, though the weekly trend is currently weak (ADX 12.65). A Hammer pattern formed today suggests short-term buying interest after a pullback from highs. However, participation metrics show a moderate anomaly with high volume but no clear directional follow-through (volume ratio 0.26), indicating potential consolidation or indecision. Immediate resistance lies at ₹127.57 (0.80% above), while support is anchored at the pivot level of ₹125.33 (0.96% below). The stock has risen +13.1% over the last month but carries an annualized volatility of 27.6% and a current drawdown of -4.4%.

The setup strengthens if price sustains above ₹125.33 and breaks through ₹127.57 with clearer volume confirmation. It weakens if price closes below the 20-day SMA or the Supertrend line, which would signal a loss of immediate bullish momentum.

- Trend Structure: Bullish alignment across daily, weekly, and monthly horizons; price trades above all major SMAs and Supertrend indicators.
- Momentum & Strength: Established daily (ADX 26.7) and monthly (ADX 27.89) trends; however, weekly trend is weak (ADX 12.65).
- Price Positioning: Trading at ₹126.55, near the top of the 20-day (+97.6%) and 50-day (+98.3%) ranges; immediate resistance at ₹127.57 (+0.80%).
- Risk & Participation: Moderate anomaly detected with high participation but unclear direction; current drawdown is -4.4% with 27.6% annualized volatility.

- Hammer
- Bearish Engulfing Reversal
- Inside Bar
- Bullish Engulfing Reversal
- Outside Bar
- Morning Star
- Harami

### News Context

In the seven-day window ending November 5, 2026, Punjab National Bank (PNB) reported mixed developments involving asset quality resolution, interest rate adjustments, and operational security incidents. On November 3, lenders led by Canara Bank approved a ₹522-crore one-time settlement from Supreme Housing and Hospitality, resolving debts of close to ₹700 crore with a recovery rate just short of 75%. This agreement covers fund-based exposure and corporate guarantees, marking a milestone in restructuring pending NCLT approval. Concurrently, PNB revised its fixed deposit rates effective November 1, offering up to 6.60% for general customers and 7.10% for senior citizens on deposits below ₹3 crore. Conversely, the Central Bureau of Investigation arrested a PNB office assistant and an accomplice on November 3 regarding an alleged ₹10.24 crore fraud involving unauthorized withdrawals over three years at the Pi Sector branch. Separately, Nuvama Wealth identified PNB as a Muhurat Trading pick for Samvat 2083, citing attractive valuations and technical structures, though this reflects third-party analyst opinion rather than verified corporate performance.

- Asset Resolution: Lenders approved a ₹522-crore settlement from Supreme Housing, recovering just under 75% of ~₹700 crore debt; pending final NCLT approval.
- Deposit Rates: PNB updated FD rates effective Nov 1, 2026, capping at 6.60% for general customers and 7.10% for senior citizens on domestic term deposits below ₹3 crore.
- Fraud Alert: CBI arrested a PNB office assistant and private individual on Nov 3 for an alleged ₹10.24 crore fraud involving misuse of core banking credentials over three years.
- Analyst View: Nuvama Wealth included PNB in its Diwali stock picks for Samvat 2083 based on technical structures and valuation metrics.

- [Diwali 2026: Stocks to buy for Samvat 2083: Adani Energy, Coforge, PNB, Zydus, KDDL - 5 shares for Muhurat Trading](https://www.livemint.com/market/stock-market-news/diwali-2026-stocks-to-buy-for-samvat-2083-adani-energy-coforge-pnb-zydus-kddl-5-shares-for-muhurat-trading-11793785141234.html)
- [Lenders accept Supreme Housing's Rs 522-crore settlement offer](https://economictimes.indiatimes.com/industry/banking/finance/banking/lenders-accept-supreme-housings-rs-522-crore-settlement-offer/articleshow/135512532.cms)
- [PNB and Canara Bank revise FD interest rates in November 2026: How much can general, senior citizens earn now? | Mint](https://www.livemint.com/money/pnb-and-canara-bank-revise-fd-interest-rates-in-november-2026-how-much-can-general-senior-citizens-earn-now-11793718284429.html)
- [PNB staffer, Pune man arrested in alleged Rs 10.24 crore bank fraud case](https://economictimes.indiatimes.com/industry/banking/finance/banking/cbi-arrests-pnb-staffer-pune-man-in-alleged-rs-10-24-crore-bank-fraud/articleshow/135505505.cms)
- [CBI Nabs PNB Assistant, Accomplice In Rs 10.24 Crore Fraud Case](https://www.rediff.com/news/report/pnb-office-assistant-among-two-arrested-for-fraud-in-greater-noida/20261103.htm)

### Official Filings

Punjab National Bank reported Q2 FY27 standalone net profit of ₹1,680.25 crore and consolidated net profit of ₹5,532 crore, reflecting a 12.8% year-on-year increase in global business to ₹31.18 lakh crore. The bank maintained strong capital buffers with a CET1 ratio of 17.95% (standalone) and asset quality remained robust at 2.55% gross NPA and 0.25% net NPA as of September 30, 2026. Concurrently, the bank revised its Marginal Cost of Funds Based Lending Rates (MCLR) upwards by 0.10%–0.15% across all tenors effective November 1, 2026, while Repo Linked Lending Rates (RLLR) and Base Rates remained unchanged. Additionally, the Reserve Bank of India imposed a monetary penalty of ₹1.57 crore for non-compliance with Currency Chest operational guidelines, which the bank confirmed has been paid with limited financial impact.

- Q2 FY27 Standalone Net Profit: ₹1,680.25 crore; Consolidated Net Profit: ₹5,532 crore (+12.8% YoY).
- MCLR Revised Upwards: Overnight MCLR increased from 8.00% to 8.10%; One Month MCLR rose from 8.25% to 8.35%, effective November 1, 2026.
- Asset Quality & Capital: Gross NPA at 2.55%, Net NPA at 0.25%, and CET1 Ratio at 17.95% (Standalone) as of September 30, 2026.
- Regulatory Penalty: RBI levied a fine of ₹1,56,53,000 for Currency Chest guideline non-compliance; payment confirmed with no material operational impact.

- [Punjab National Bank has informed the Exchange about General Updates |SUBJECT: General Updates](https://nsearchives.nseindia.com/corporate/pnb2_31102026180642_Intimation_InterestRateChange_311026_DS.pdf)
- [Punjab National Bank has informed the Exchange about General Updates |SUBJECT: General Updates](https://nsearchives.nseindia.com/corporate/pnb2_29102026192037_Intimation_Penalty_GBD1_29102026_2.pdf)
- [Punjab National Bank has informed the Exchange about Action(s) taken or orders passed (sub-para 20) |SUBJECT: Actions initiated/taken or orders passed-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/AIATOP_2009_WebXMLFile_20261029_193631005.xml)
- [Punjab National Bank has informed the Exchange regarding 'General Updates'. |SUBJECT: Updates](https://nsearchives.nseindia.com/corporate/pnb2_28102026155804_Intimation_Resubmission_of_Financials__28102026_DS.pdf)
- [Updates |SUBJECT: Updates](https://nsearchives.nseindia.com/content/debt/WDM/pnb2_28102026160527_Intimation_Resubmission_of_Financials__28102026_DS.pdf)
- [Punjab National Bank has informed the Exchange about Transcript |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates](https://nsearchives.nseindia.com/corporate/pnb2_23102026151409_Intimation_Transcript_23102026_DS.pdf)
- [Punjab National Bank has informed the Exchange about Transcripts - earnings or quarterly calls |SUBJECT: Analyst/Investor Meet Para A-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_2009_WebXMLFile_20261023_152408919.xml)
- [Punjab National Bank has informed the Exchange about General Updates |SUBJECT: General Updates](https://nsearchives.nseindia.com/corporate/pnb2_17102026144906_Intimation_Newspaper_Publication_17102026_DS.pdf)
- [Punjab National Bank has submitted to the Exchange, the financial results for the period ended September 30, 2026. |SUBJECT: Outcome of Board Meeting](https://nsearchives.nseindia.com/corporate/pnb2_16102026162335_Intimation_Outcome_Board_Meeting_16102026_DS.pdf)
- [Punjab National Bank has informed the Exchange about Investor Presentation |SUBJECT: Investor Presentation](https://nsearchives.nseindia.com/corporate/pnb2_16102026162720_Intimation_AnalystPresentation_16102026_DS_.pdf)

### Fundamentals

Punjab National Bank (PNB) demonstrated improved earnings momentum in Q2 FY2026-27, with net profit rising sequentially to ₹5,561 crore from ₹5,339 crore in Q1. This growth was driven by a robust increase in interest earned, which climbed to ₹35,267 crore, outpacing the rise in interest expended (₹23,464 crore). Consequently, operating profit saw a slight sequential dip to ₹7,564 crore, primarily due to higher operating expenses (₹7,763 crore) and a significant drop in other income to ₹3,524 crore. A key positive signal is the sharp reduction in provisions for contingencies, which fell from ₹555 crore in Q1 to just ₹75.4 crore in Q2, directly supporting the bottom-line improvement.

On the balance sheet, total assets expanded to ₹21,28,852 crore as of September 2026, fueled by a substantial increase in advances to ₹13,23,830 crore. Deposits also grew steadily, reaching ₹17,92,780 crore by September 2026, providing a stable funding base. While annual ROE moderated slightly to 13% in Mar 2026 from 15% in Mar 2025, the TTM EPS has strengthened to ₹19.89. Institutional ownership shifted slightly, with DIIs increasing their stake to 16.14% while FIIs held 6.66%, indicating continued institutional engagement despite promoter stability at 70.08%.

- Q2 Net Profit rose to ₹5,561 crore, supported by lower provisions (₹75.4 crore vs ₹555 crore in Q1) and strong interest income growth.
- Advances increased significantly to ₹13,23,830 crore, driving asset growth to ₹21,28,852 crore, while deposits remained robust at ₹17,92,780 crore.
- Operating expenses rose to ₹7,763 crore and other income declined to ₹3,524 crore, partially offsetting gains from core lending activities.
- TTM EPS improved to ₹19.89, though annual ROE eased to 13% in FY2026; DIIs increased holding to 16.14%.

### Bull Case

Punjab National Bank presents a conditional upside case anchored by strong technical momentum and strategic asset quality improvements. As of November 6, 2026, the stock trades at ₹126.55 with a market capitalization of approximately ₹1.45 trillion. Technical indicators across daily, weekly, and monthly timeframes are uniformly bullish, with the Supertrend signaling an upward trajectory on all three horizons. The Plus DI significantly exceeds the Minus DI (29.56 vs. 14.28 on the daily chart), suggesting sustained buying pressure. This technical strength is supported by robust recent performance, including a +13.1% return over the last month and a +14.9% gain over the past six months. Furthermore, the bank’s inclusion in Nuvama Wealth’s Diwali 2026 Muhurat Trading picks highlights recognized potential for further gains based on attractive valuations and improving risk-reward prospects. On the operational front, PNB benefits from broader sectoral progress in resolving stressed assets; for instance, lenders led by Canara Bank recently approved a ₹522-crore settlement for Supreme Housing, recovering nearly 75% of exposure. Such resolutions contribute to cleaner balance sheets across the public sector banking segment. However, investors should monitor internal security risks, evidenced by a recent CBI arrest related to a ₹10.24 crore fraud case, which underscores ongoing vulnerabilities in core banking operations that could impact sentiment if not adequately addressed.

- Technical momentum is broadly positive: Daily, weekly, and monthly Supertrends are all bullish as of November 6, 2026, with the stock trading at ₹126.55.
- Recent price action shows strong relative strength: The stock gained +13.1% over the last month and +14.9% over the past six months, outperforming its YTD return of +2.1%.
- Institutional recognition supports constructive outlook: PNB was selected by Nuvama Wealth for Diwali 2026 Muhurat Trading, citing attractive valuations and improving risk-reward dynamics.
- Sectoral asset quality improvement: Broader lender actions, such as the approved ₹522-crore settlement for Supreme Housing, signal progress in resolving stressed exposures within the public sector banking ecosystem.

- [Diwali 2026: Stocks to buy for Samvat 2083: Adani Energy, Coforge, PNB, Zydus, KDDL - 5 shares for Muhurat Trading](https://www.livemint.com/market/stock-market-news/diwali-2026-stocks-to-buy-for-samvat-2083-adani-energy-coforge-pnb-zydus-kddl-5-shares-for-muhurat-trading-11793785141234.html)
- [Lenders accept Supreme Housing's Rs 522-crore settlement offer](https://economictimes.indiatimes.com/industry/banking/finance/banking/lenders-accept-supreme-housings-rs-522-crore-settlement-offer/articleshow/135512532.cms)
- [PNB and Canara Bank revise FD interest rates in November 2026: How much can general, senior citizens earn now? | Mint](https://www.livemint.com/money/pnb-and-canara-bank-revise-fd-interest-rates-in-november-2026-how-much-can-general-senior-citizens-earn-now-11793718284429.html)
- [PNB staffer, Pune man arrested in alleged Rs 10.24 crore bank fraud case](https://economictimes.indiatimes.com/industry/banking/finance/banking/cbi-arrests-pnb-staffer-pune-man-in-alleged-rs-10-24-crore-bank-fraud/articleshow/135505505.cms)
- [CBI Nabs PNB Assistant, Accomplice In Rs 10.24 Crore Fraud Case](https://www.rediff.com/news/report/pnb-office-assistant-among-two-arrested-for-fraud-in-greater-noida/20261103.htm)
- [Punjab National Bank has informed the Exchange about General Updates |SUBJECT: General Updates](https://nsearchives.nseindia.com/corporate/pnb2_31102026180642_Intimation_InterestRateChange_311026_DS.pdf)
- [Punjab National Bank has informed the Exchange about General Updates |SUBJECT: General Updates](https://nsearchives.nseindia.com/corporate/pnb2_29102026192037_Intimation_Penalty_GBD1_29102026_2.pdf)
- [Punjab National Bank has informed the Exchange about Action(s) taken or orders passed (sub-para 20) |SUBJECT: Actions initiated/taken or orders passed-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/AIATOP_2009_WebXMLFile_20261029_193631005.xml)
- [Punjab National Bank has informed the Exchange regarding 'General Updates'. |SUBJECT: Updates](https://nsearchives.nseindia.com/corporate/pnb2_28102026155804_Intimation_Resubmission_of_Financials__28102026_DS.pdf)
- [Updates |SUBJECT: Updates](https://nsearchives.nseindia.com/content/debt/WDM/pnb2_28102026160527_Intimation_Resubmission_of_Financials__28102026_DS.pdf)

### Bear Case

PNB faces operational and internal control risks highlighted by a recent ₹10.24 crore fraud case involving unauthorized withdrawals from customer accounts over three years. The Central Bureau of Investigation arrested a bank office assistant and an accomplice for allegedly misusing core banking solution credentials, signaling vulnerabilities in internal security protocols. Additionally, the bank’s fixed deposit rates have been revised downward to 6.60% for general customers and 7.10% for senior citizens effective November 2026, reflecting tighter funding costs or competitive pressures compared to peers like Canara Bank. On the technical front, while the stock is in a bullish trend, it has experienced a maximum drawdown of -24.8% historically and currently sits at a -4.4% drawdown from its peak, with resistance levels closely clustered just 0.80% above the current price of ₹126.55, suggesting limited immediate upside momentum.

- CBI investigation into a ₹10.24 crore fraud case reveals internal security vulnerabilities regarding core banking access controls.
- FD interest rates capped at 6.60% (general) and 7.10% (senior citizens) as of November 2026 indicate constrained deposit pricing power.
- Stock faces near-term resistance at ₹127.57 (0.80% above), limiting short-term upside despite bullish technical trends.
- Historical maximum drawdown of -24.8% and current -4.4% drawdown highlight persistent volatility risk.

- [Diwali 2026: Stocks to buy for Samvat 2083: Adani Energy, Coforge, PNB, Zydus, KDDL - 5 shares for Muhurat Trading](https://www.livemint.com/market/stock-market-news/diwali-2026-stocks-to-buy-for-samvat-2083-adani-energy-coforge-pnb-zydus-kddl-5-shares-for-muhurat-trading-11793785141234.html)
- [Lenders accept Supreme Housing's Rs 522-crore settlement offer](https://economictimes.indiatimes.com/industry/banking/finance/banking/lenders-accept-supreme-housings-rs-522-crore-settlement-offer/articleshow/135512532.cms)
- [PNB and Canara Bank revise FD interest rates in November 2026: How much can general, senior citizens earn now? | Mint](https://www.livemint.com/money/pnb-and-canara-bank-revise-fd-interest-rates-in-november-2026-how-much-can-general-senior-citizens-earn-now-11793718284429.html)
- [PNB staffer, Pune man arrested in alleged Rs 10.24 crore bank fraud case](https://economictimes.indiatimes.com/industry/banking/finance/banking/cbi-arrests-pnb-staffer-pune-man-in-alleged-rs-10-24-crore-bank-fraud/articleshow/135505505.cms)
- [CBI Nabs PNB Assistant, Accomplice In Rs 10.24 Crore Fraud Case](https://www.rediff.com/news/report/pnb-office-assistant-among-two-arrested-for-fraud-in-greater-noida/20261103.htm)
- [Punjab National Bank has informed the Exchange about General Updates |SUBJECT: General Updates](https://nsearchives.nseindia.com/corporate/pnb2_31102026180642_Intimation_InterestRateChange_311026_DS.pdf)
- [Punjab National Bank has informed the Exchange about General Updates |SUBJECT: General Updates](https://nsearchives.nseindia.com/corporate/pnb2_29102026192037_Intimation_Penalty_GBD1_29102026_2.pdf)
- [Punjab National Bank has informed the Exchange about Action(s) taken or orders passed (sub-para 20) |SUBJECT: Actions initiated/taken or orders passed-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/AIATOP_2009_WebXMLFile_20261029_193631005.xml)
- [Punjab National Bank has informed the Exchange regarding 'General Updates'. |SUBJECT: Updates](https://nsearchives.nseindia.com/corporate/pnb2_28102026155804_Intimation_Resubmission_of_Financials__28102026_DS.pdf)
- [Updates |SUBJECT: Updates](https://nsearchives.nseindia.com/content/debt/WDM/pnb2_28102026160527_Intimation_Resubmission_of_Financials__28102026_DS.pdf)

### FAQs

**What recent changes have been made to Punjab National Bank's lending and deposit rates?**

Effective November 1, 2026, PNB revised its Marginal Cost of Funds Based Lending Rates (MCLR) upwards across all tenors. The Overnight MCLR increased from 8.00% to 8.10%, and the One Month MCLR rose from 8.25% to 8.35%. Concurrently, fixed deposit rates for domestic term deposits below ₹3 crore were updated, offering maximum returns of up to 6.60% for general customers and 7.10% for senior citizens.

**How has PNB's stock price performed recently, and what are the key technical levels?**

As of November 6, 2026, PNB closed at ₹126.55, with a market capitalization of approximately ₹1.45 lakh crore. The stock is in a bullish trend on daily, weekly, and monthly timeframes. Key resistance levels are seen at ₹127.57 and ₹128.51, while immediate support rests at ₹125.33. Over the past month, the stock returned +13.1%, though it remains down -4.4% from its recent peak.

**What regulatory or operational issues has PNB faced recently?**

On October 29, 2026, the Reserve Bank of India imposed a monetary penalty of ₹1.57 crore on PNB for non-compliance with Currency Chest operational guidelines. PNB confirmed the penalty was paid and stated the impact is limited to this amount. Additionally, the Central Bureau of Investigation arrested a PNB office assistant and an accomplice in connection with a ₹10.24 crore fraud involving unauthorized withdrawals from customer accounts over three years.

- [Diwali 2026: Stocks to buy for Samvat 2083: Adani Energy, Coforge, PNB, Zydus, KDDL - 5 shares for Muhurat Trading](https://www.livemint.com/market/stock-market-news/diwali-2026-stocks-to-buy-for-samvat-2083-adani-energy-coforge-pnb-zydus-kddl-5-shares-for-muhurat-trading-11793785141234.html)
- [Lenders accept Supreme Housing's Rs 522-crore settlement offer](https://economictimes.indiatimes.com/industry/banking/finance/banking/lenders-accept-supreme-housings-rs-522-crore-settlement-offer/articleshow/135512532.cms)
- [PNB and Canara Bank revise FD interest rates in November 2026: How much can general, senior citizens earn now? | Mint](https://www.livemint.com/money/pnb-and-canara-bank-revise-fd-interest-rates-in-november-2026-how-much-can-general-senior-citizens-earn-now-11793718284429.html)
- [PNB staffer, Pune man arrested in alleged Rs 10.24 crore bank fraud case](https://economictimes.indiatimes.com/industry/banking/finance/banking/cbi-arrests-pnb-staffer-pune-man-in-alleged-rs-10-24-crore-bank-fraud/articleshow/135505505.cms)
- [CBI Nabs PNB Assistant, Accomplice In Rs 10.24 Crore Fraud Case](https://www.rediff.com/news/report/pnb-office-assistant-among-two-arrested-for-fraud-in-greater-noida/20261103.htm)
- [Punjab National Bank has informed the Exchange about General Updates |SUBJECT: General Updates](https://nsearchives.nseindia.com/corporate/pnb2_31102026180642_Intimation_InterestRateChange_311026_DS.pdf)
- [Punjab National Bank has informed the Exchange about General Updates |SUBJECT: General Updates](https://nsearchives.nseindia.com/corporate/pnb2_29102026192037_Intimation_Penalty_GBD1_29102026_2.pdf)
- [Punjab National Bank has informed the Exchange about Action(s) taken or orders passed (sub-para 20) |SUBJECT: Actions initiated/taken or orders passed-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/AIATOP_2009_WebXMLFile_20261029_193631005.xml)
- [Punjab National Bank has informed the Exchange regarding 'General Updates'. |SUBJECT: Updates](https://nsearchives.nseindia.com/corporate/pnb2_28102026155804_Intimation_Resubmission_of_Financials__28102026_DS.pdf)
- [Updates |SUBJECT: Updates](https://nsearchives.nseindia.com/content/debt/WDM/pnb2_28102026160527_Intimation_Resubmission_of_Financials__28102026_DS.pdf)
## Technical analytics

- As of: 2026-11-06
- Daily trend: Strong Uptrend
- Weekly trend: Weak Uptrend
- Pivot point: ₹125.33
- Risk regime: Price Risk Currently Contained

### Support levels
- 121.4875
- 110.50921875
- 108.83708984375

### Resistance levels
- 128.515
- 132.73
- 135.15

### Return and range metrics

| Metric | Value |
| --- | --- |
| return_1 | +0.36% |
| return_10 | +5.13% |
| return_1m | +13.07% |
| return_1y | +5.06% |
| return_20 | +9.77% |
| return_3m | +10.72% |
| return_5 | +3.01% |
| return_6m | +14.86% |
| return_since_start | +23.27% |
| return_ytd | +2.11% |

### 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 | +27.56% |

## Quarterly financials

- Latest complete quarter: fy27_q2

# Punjab National Bank FY2026-27 Q2: Profit rises 15% year on year

Punjab National Bank reported consolidated profit after tax of ₹5,561 crore for the quarter ended 30 September 2026, up 14.7% year on year and 4.2% from the June quarter. Interest earned increased faster than interest expended sequentially, while other income fell; lower provisions supported a sequential rise in profit before tax despite a modest decline in operating profit before provisions.

## Interest income growth amid weaker other income

Interest earned rose 5.0% quarter on quarter to ₹35,267 crore, while interest expended increased 3.9% to ₹23,464 crore. Their difference widened to ₹11,803 crore from ₹11,006 crore in the June 2026 quarter. Total income was ₹38,791 crore, up 2.2% sequentially and 5.7% year on year.

Other income fell 19.3% quarter on quarter to ₹3,524 crore. Revenue on investments increased 2.3% sequentially to ₹8,725 crore. Interest on advances was ₹24,559 crore, while interest on balances with the Reserve Bank of India and other inter-bank funds was ₹1,488 crore.

## Lower provisions lifted pre-tax profit

Operating profit before provisions and contingencies declined 1.3% quarter on quarter to ₹7,564 crore. Expenditure excluding provisions rose 3.1% to ₹31,227 crore, including operating expenses of ₹7,763 crore, up 0.7%. Employee costs fell 2.8% to ₹4,468 crore, while other operating expenses rose 6.0% to ₹3,296 crore.

Provisions other than tax and contingencies were ₹75 crore, down from ₹555 crore in the June 2026 quarter. Profit before tax consequently increased 5.3% sequentially to ₹7,488 crore. Tax expense rose 8.9% to ₹1,927 crore, and profit after tax was ₹5,561 crore.

## Associate contribution and per-share earnings

The share of profit of associates declined 28.0% quarter on quarter to ₹357 crore. Profit after tax, minority interest and share of associates was ₹5,898 crore, up 1.4% from the June quarter; minority interest was ₹20 crore.

Basic and diluted earnings per share were ₹5.13, compared with ₹5.06 in the previous quarter and ₹4.46 in the year-earlier quarter.

## Capital and balance-sheet position

The CET1 ratio was 14.45% at 30 September 2026, compared with 14.52% at 30 June 2026 and 12.78% a year earlier. The additional Tier 1 ratio was 1.46%, down from 1.50% in June and 1.66% a year earlier. Reserves and surplus stood at ₹1,58,683 crore, compared with ₹1,39,948 crore at 30 September 2025.

Total assets were ₹21,28,852 crore at 30 September 2026, versus ₹20,33,331 crore at 31 March 2026 and ₹19,20,935 crore a year earlier. Advances stood at ₹13,23,830 crore and deposits at ₹17,92,780 crore. Investments were ₹5,47,217 crore; borrowings were ₹1,37,836 crore, compared with ₹1,09,162 crore at 30 September 2025.

## Key Takeaway

PNB’s year-on-year profit growth came alongside higher interest income, while sequential pre-tax profit growth was supported by substantially lower provisions despite weaker other income and a slight decline in operating profit before provisions. The quarter-end balance sheet was larger than at the previous financial year-end, while capital ratios eased modestly from June.

### Ratios

## Shareholding pattern

- Quarter: FY2027-Q2
- As of: 2026-09-30
- Promoter holding: +70.08%
- FII holding: +6.66%
- DII holding: +16.14%
- Mutual fund holding: +6.14%
- Retail holding: +5.74%
- Promoter pledged: +0.00%

### Major reported shareholders

- Central Government (President Of India) — +70.08%
- LICI MARKET PLUS GROWTH FUND — +9.38%
- SBI BSE SENSEX NEXT 50 ETF — +2.26%

## Official filings

- 2026-10-31 — Generic Announcement: Punjab National Bank — [Official attachment](https://nsearchives.nseindia.com/corporate/pnb2_31102026180642_Intimation_InterestRateChange_311026_DS.pdf)
- 2026-10-29 — Generic Announcement: Punjab National Bank — [Official attachment](https://nsearchives.nseindia.com/corporate/pnb2_29102026192037_Intimation_Penalty_GBD1_29102026_2.pdf)
- 2026-10-29 — Generic Announcement: Punjab National Bank — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/AIATOP_2009_WebXMLFile_20261029_193631005.xml)
- 2026-10-28 — Generic Announcement: Punjab National Bank — [Official attachment](https://nsearchives.nseindia.com/corporate/pnb2_28102026155804_Intimation_Resubmission_of_Financials__28102026_DS.pdf)
- 2026-10-28 — Generic Announcement: Punjab National Bank — [Official attachment](https://nsearchives.nseindia.com/content/debt/WDM/pnb2_28102026160527_Intimation_Resubmission_of_Financials__28102026_DS.pdf)
- 2026-10-23 — Generic Announcement: Punjab National Bank — [Official attachment](https://nsearchives.nseindia.com/corporate/pnb2_23102026151409_Intimation_Transcript_23102026_DS.pdf)
- 2026-10-23 — Generic Announcement: Punjab National Bank — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_2009_WebXMLFile_20261023_152408919.xml)
- 2026-10-17 — Generic Announcement: Punjab National Bank — [Official attachment](https://nsearchives.nseindia.com/corporate/pnb2_17102026144906_Intimation_Newspaper_Publication_17102026_DS.pdf)
- 2026-10-16 — Generic Announcement: Punjab National Bank — [Official attachment](https://nsearchives.nseindia.com/corporate/pnb2_16102026162335_Intimation_Outcome_Board_Meeting_16102026_DS.pdf)
- 2026-10-16 — Earnings Presentation: Punjab National Bank — [Official attachment](https://nsearchives.nseindia.com/corporate/pnb2_16102026162720_Intimation_AnalystPresentation_16102026_DS_.pdf)
- 2026-10-16 — Press Release: Punjab National Bank — [Official attachment](https://nsearchives.nseindia.com/corporate/pnb2_16102026163153_Intimation_Press_Release_16102026_DS_.pdf)
- 2026-10-16 — Generic Announcement: Punjab National Bank — [Official attachment](https://nsearchives.nseindia.com/content/debt/WDM/pnb2_16102026163850_Intimation_Outcome_Board_Meeting_16102026_DS.pdf)
- 2026-10-16 — Generic Announcement: Punjab National Bank — [Official attachment](https://nsearchives.nseindia.com/content/debt/WDM/pnb2_16102026163608_Intimation_Outcome_Board_Meeting_16102026_DS.pdf)
- 2026-10-16 — Generic Announcement: Punjab National Bank — [Official attachment](https://nsearchives.nseindia.com/content/debt/WDM/pnb2_16102026164323_Intimation_Security_Cover_Certificate_16102026_DS.pdf)
- 2026-10-16 — Financial Results Filing: Punjab National Bank — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/INTEGRATED_FILING_BANKING_1740466_16102026082756_WEB.xml)
- 2026-10-16 — Financial Results Filing: Punjab National Bank — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/INTEGRATED_FILING_BANKING_1740465_16102026082727_WEB.xml)
- 2026-10-16 — Generic Announcement: Punjab National Bank — [Official attachment](https://nsearchives.nseindia.com/corporate/pnb2_16102026221919_Intimation_Audio_Video_Recording_16102026_DS.pdf)
- 2026-10-16 — Generic Announcement: Punjab National Bank — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_2009_WebXMLFile_20261016_224804457.xml)
- 2026-10-15 — Shareholding Disclosure: Punjab National Bank — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/SHP_1738738_15102026024246_WEB.xml)
- 2026-10-14 — Generic Announcement: Punjab National Bank — [Official attachment](https://nsearchives.nseindia.com/corporate/pnb2_14102026210132_Intimation_Penalty_GBD1_14102026_DS.pdf)
- 2026-10-14 — Generic Announcement: Punjab National Bank — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/AIATOP_2009_WebXMLFile_20261014_210555639.xml)
- 2026-10-13 — Generic Announcement: Punjab National Bank — [Official attachment](https://nsearchives.nseindia.com/corporate/pnb2_13102026164603_Intimation_Earnings_Call_prior_13102026_DS.pdf)
- 2026-10-13 — Generic Announcement: Punjab National Bank — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_2009_WebXMLFile_20261013_164957659.xml)
- 2026-10-12 — Board Meeting Notice: Punjab National Bank — [Official attachment](https://nsearchives.nseindia.com/corporate/pnb2_12102026133844_Intimation_BM_prior_12102026_DS.pdf)
- 2026-10-12 — Generic Announcement: Punjab National Bank — [Official attachment](https://nsearchives.nseindia.com/corporate/pnb2_12102026133254_Intimation_Profile_12102026_DS.pdf)

## News and market events

- 2026-11-06 — BUSINESSTODAY: **Diwali investment: FD rates rise to 8.60% - which banks offer the highest returns to seniors in November 2026?** — Fixed deposit interest rates have increased across several banks in November 2026, with senior citizens eligible for returns of up to 8.60% at Suryoday Small Finance Bank and 8.50% at Utkarsh Small Finance Bank. Major lenders such as HDFC Bank, ICICI Bank, and Punjab National Bank offer lower maximum rates ranging from 7.10% to 7.20%, creating a significant yield difference on larger deposits. While higher rates can improve retirement income, the article notes that deposit safety under the DICGC framework and liquidity requirements remain important considerations for investors. — [Source](https://www.businesstoday.in/personal-finance/story/fd-rates-rise-to-8-60-which-banks-offer-the-highest-returns-to-senior-citizens-in-november-2026-566283-2026-11-07)
- 2026-11-06 — Times of India: **Data leaks to cyber frauds: How safe is your money and personal information with banks?** — RBI data indicates that bank fraud losses surged to Rs 48,021 crore in FY26, driven largely by loan-related schemes, while cyber fraud complaints exceeded 53 lakh with minimal refunds. Recent incidents involving SBI, IDFC First Bank, and PNB highlight vulnerabilities in digital security and internal controls, raising concerns about the safety of customer deposits despite high trust levels. The Supreme Court has directed financial institutions to compensate victims when due diligence failures are established, with revised RBI liability rules expected to take effect in late 2027. — [Source](https://timesofindia.indiatimes.com/business/india-business/data-leaks-to-cyber-frauds-how-safe-is-your-money-and-personal-information-with-banks/articleshow/135605195.cms)
- 2026-11-04 — Mint: **Diwali 2026: Stocks to buy for Samvat 2083: Adani Energy, Coforge, PNB, Zydus, KDDL - 5 shares for Muhurat Trading** — Nuvama Wealth identifies improving risk-reward prospects for Indian equities in Samvat 2083, citing attractive valuations, extreme bearish foreign-investor positioning, and potential global catalysts. The brokerage's Diwali stock picks include Adani Energy Solutions, Coforge, KDDL, Punjab National Bank, and Zydus Lifesciences, selected based on their technical structures and potential for further gains. — [Source](https://www.livemint.com/market/stock-market-news/diwali-2026-stocks-to-buy-for-samvat-2083-adani-energy-coforge-pnb-zydus-kddl-5-shares-for-muhurat-trading-11793785141234.html)
- 2026-11-03 — Economic Times: **Lenders accept Supreme Housing's Rs 522-crore settlement offer** — Lenders led by Canara Bank have approved a ₹522-crore one-time settlement offer from Supreme Housing and Hospitality, resolving debts of close to ₹700 crore with a recovery rate just short of 75%. The agreement covers both fund-based exposure for Canara Bank and non-fund exposure arising from corporate guarantees given to subsidiary entities. This resolution marks a major milestone in the company's financial restructuring and will now be submitted to the NCLT for final approval. — [Source](https://economictimes.indiatimes.com/industry/banking/finance/banking/lenders-accept-supreme-housings-rs-522-crore-settlement-offer/articleshow/135512532.cms)
- 2026-11-03 — Mint: **PNB and Canara Bank revise FD interest rates in November 2026: How much can general, senior citizens earn now? | Mint** — Punjab National Bank and Canara Bank have revised their fixed deposit interest rates for domestic term deposits below ₹3 crore, effective November 1 and November 2, 2026, respectively. The revisions result in maximum returns of up to 6.60% for general customers and 7.10% for senior citizens at PNB, while Canara Bank offers up to 6.75% and 7.25% for the same categories. Additionally, Axis Bank separately updated interest rates on bulk fixed deposits of ₹3 crore and above starting November 3, 2026. — [Source](https://www.livemint.com/money/pnb-and-canara-bank-revise-fd-interest-rates-in-november-2026-how-much-can-general-senior-citizens-earn-now-11793718284429.html)
- 2026-11-03 — Economic Times: **PNB staffer, Pune man arrested in alleged Rs 10.24 crore bank fraud case** — The Central Bureau of Investigation has arrested a Punjab National Bank office assistant and a private individual in connection with an alleged Rs 10.24 crore fraud involving unauthorized withdrawals from multiple customer accounts over three years. The CBI registered an FIR on October 29, alleging that the bank employee acted in connivance with the accused to misuse core banking solution credentials, following a customer's report of suspicious transactions in September. The case invokes provisions of the Bharatiya Nyaya Sanhita, the Prevention of Corruption Act, and the Information Technology — [Source](https://economictimes.indiatimes.com/industry/banking/finance/banking/cbi-arrests-pnb-staffer-pune-man-in-alleged-rs-10-24-crore-bank-fraud/articleshow/135505505.cms)
- 2026-11-03 — REDIFF.COM: **CBI Nabs PNB Assistant, Accomplice In Rs 10.24 Crore Fraud Case** — The CBI has arrested a Punjab National Bank Office Assistant and an accomplice in connection with an alleged Rs 10.24 crore fraud involving unauthorized debit transactions from customer accounts at the Pi Sector branch over three years. The scheme, uncovered after a customer reported suspicious activity, allegedly involved the misuse of core banking solution user IDs belonging to branch officials to siphon off funds. This development highlights internal security vulnerabilities within the bank's operations as the agency investigates charges including criminal conspiracy, breach of trust, and I — [Source](https://www.rediff.com/news/report/pnb-office-assistant-among-two-arrested-for-fraud-in-greater-noida/20261103.htm)
- 2026-11-03 — MONEYCONTROL: **FD interest rates revised: PNB, Canara Bank offer up to 7.25 percent to senior citizens; Axis Bank updates bulk rates** — Public Sector Banks Punjab National Bank and Canara Bank have revised their fixed deposit interest rates, offering up to 7.25 percent for senior citizens. Concurrently, Axis Bank has updated its bulk deposit rates. — [Source](https://www.moneycontrol.com/news/business/personal-finance/fd-interest-rates-revised-pnb-canara-bank-offer-up-to-7-25-percent-to-senior-citizens-axis-bank-updates-bulk-rates-14067666.html)
- 2026-11-03 — Economic Times: **PNB, Canara Bank revise FD interest rates: Senior citizens can earn up to 7.25%; compare latest rates - The Economic Times** — Punjab National Bank and Canara Bank have revised their fixed deposit interest rates effective November 1 and 2, 2026, respectively, with senior citizens eligible for returns up to 7.25% at Canara Bank and 7.10% at PNB. These updates follow a recent revision by Bank of India, which introduced a special 500-day scheme offering 7.35% to senior citizens. The revised rates apply to domestic term deposits below Rs 3 crore across various tenures. — [Source](https://economictimes.indiatimes.com/wealth/invest/pnb-canara-bank-revise-fd-interest-rates-senior-citizens-can-earn-up-to-7-25-compare-latest-rates/articleshow/135485383.cms)
- 2026-11-01 — Mint: **PNB union seeks audit of 10,500 branches after ₹11.24 cr fraud, multiple suspensions; warns against ‘knee-jerk’ action | Company Business News** — Punjab National Bank is facing scrutiny after a fraud incident at its Greater Noida branch involving unauthorized fund transfers, prompting its staff union to demand a comprehensive audit of all 10,500 branches to address systemic staffing and security lapses. — [Source](https://www.livemint.com/companies/news/pnb-union-seeks-audit-of-10-500-branches-after-11-24-cr-fraud-multiple-suspensions-warns-against-knee-jerk-action-11793550416012.html)
- 2026-10-31 — Mint: **Supreme Infrastructure moves closer to settling ₹2,200 crore debt after NCLT extends payment deadline | Company Business News** — The NCLT Mumbai Bench extended the deadline for Supreme Infrastructure India Limited to settle outstanding obligations with three remaining lenders to October 31, 2026, under a court-approved Scheme of Compromise and Arrangement. This development follows an agreement where SIIL had already paid ₹687.73 crore to other creditors and secured 93.62% support for its restructuring plan. — [Source](https://www.livemint.com/companies/news/supreme-infrastructure-moves-closer-to-settling-2-200-crore-debt-after-nclt-extends-payment-deadline-11793453311891.html)
- 2026-10-31 — Mint: **Greater Noida PNB Fraud Case: CBI names Deepanshi, Ashutosh Pathak - What are they accused of? Details | Company Business News** — The Central Bureau of Investigation (CBI) has named Deepanshi, a branch office assistant, and account holder Ashutosh Pathak as accused in a fraud case involving the diversion of approximately ₹10.24 crore from customers' savings and fixed deposit accounts at Punjab National Bank's Sector Pi branch in Greater Noida. Punjab National Bank has suspended at least 12 employees, is settling genuine customer claims, and is cooperating with authorities while investigating the full extent of the unauthorized transactions facilitated by misusing core banking solution user IDs. — [Source](https://www.livemint.com/companies/news/greater-noida-pnb-fraud-case-cbi-names-deepanshi-ashutosh-pathak-what-are-they-accused-of-details-11793435486465.html)
- 2026-10-31 — Mint: **5 key money rule changes from tomorrow, 1 November 2026: What pensioners, taxpayers and bank customers should know | Mint** — The government has notified changes to certain provisions of the Central Goods and Services Tax Act, 2017, effective 1 November 2026, covering post-supply discounts, credit notes, and GST refunds. These amendments include revised conditions for excluding eligible post-sale discounts from taxable value and require reversal of attributable input tax credit. — [Source](https://www.livemint.com/money/personal-finance/5-key-money-rule-changes-from-tomorrow-1-november-2026-what-pensioners-taxpayers-and-bank-customers-should-know-11793431283609.html)
- 2026-10-31 — Economic Times: **Money changes from November 1, 2026: Revised PNB credit card charges, increased Indusind Bank fees and ITR deadline; know key changes - The Economic Times** — IndusInd Bank will charge for certain failed savings-account transactions from November 1, 2026, for specified account variants. Declined POS and ATM transactions due to insufficient funds will each incur a Rs 25 charge, where the article says they were previously free. — [Source](https://economictimes.indiatimes.com/wealth/invest/money-changes-from-november-1-2026-revised-pnb-credit-card-charges-increased-indusind-bank-fees-and-itr-deadline-know-key-changes/articleshow/135371890.cms)
- 2026-10-31 — News18: **Rs 35 Crore Missing From PNB Accounts In Greater Noida; Customers Claim ‘No Alerts, No Consent’** — Punjab National Bank has suspended its Greater Noida branch manager and other employees following allegations that Rs 35 crore was fraudulently transferred from customer accounts without consent or alerts. A police case has been registered at the Beta-2 police station, and the bank stated it is examining the complaints on priority while settling some genuine claims. — [Source](https://www.news18.com/india/rs-35-crore-missing-from-pnb-accounts-in-greater-noida-customers-claim-no-alerts-no-consent-ws-l-10402565.html)
- 2026-10-31 — Mint: **PNB credit card holders alert: Check new ATM withdrawal, late payment and utility bill charges from November 1 | Mint** — Punjab National Bank (PNB) is revising fees on its Visa and RuPay credit cards starting November 1, 2026, introducing new charges for ATM withdrawals, late payments, utility bill transactions, and reward point redemptions. Some services previously free of charge will now incur specific fees under the revised structure. — [Source](https://www.livemint.com/money/personal-finance/pnb-credit-card-holders-alert-check-new-atm-withdrawal-late-payment-and-utility-bill-charges-from-november-1-11793411280197.html)
- 2026-10-30 — Economic Times: **PNB credit card changes from November 1, 2026: Bank to revise Visa, RuPay card charges for ATM withdrawals, late payment fees, utility bill payments and more - The Economic Times** — Punjab National Bank will implement revised charges for its Visa and RuPay credit card services starting November 1, 2026, including increased fees for cash withdrawals, late payments, utility bill payments exceeding Rs 50,000, and reward point redemptions. — [Source](https://economictimes.indiatimes.com/wealth/spend/pnb-credit-card-changes-from-november-1-2026-bank-to-revise-visa-rupay-card-charges-for-atm-withdrawals-late-payment-fees-utility-bill-payments-and-more/articleshow/135357578.cms)
- 2026-10-30 — Mint: **PNB suspends 12 employees after ₹11.24 crore vanish from customers' accounts: What happened at Greater Noida branch? | Company Business News** — Punjab National Bank suspended 12 employees and filed an FIR with the CBI following allegations that a female staff member, allegedly working with outsiders, misused passwords to transfer funds from customer accounts at its Greater Noida branch. The bank has settled three claims worth ₹43 lakh while investigations into alleged losses exceeding ₹11.24 crore are ongoing. — [Source](https://www.livemint.com/companies/news/pnb-suspends-12-employees-after-rs-11-24-crore-vanish-from-customers-accounts-what-happened-at-greater-noida-branch-11793332761957.html)
- 2026-10-30 — IANSLIVE.IN: **PNB Greater Noida fraud: Bank takes cognisance of complaints, settles Rs 43 lakh so far** — Punjab National Bank acknowledged allegations of financial irregularities and unauthorized withdrawals from fixed deposit and savings accounts at its Greater Noida branch, settling claims worth Rs 43 lakh to date. The bank stated it is examining the matter on priority, cooperating with authorities, and replacing branch staff while assuring customers that genuine claims will be honored. — [Source](https://ianslive.in/pnb-greater-noida-fraud-bank-takes-cognisance-of-deposit-complaints-settles-rs-43-lakh-so-far--20261030095943)
- 2026-10-30 — Times of India: **Top stocks to buy today: Stock market recommendations for October 30, 2026 - check list** — Hitesh Rathi, Technical Analyst at Angel One, issued buy recommendations for DLF, Punjab National Bank, and ADANIGREEN on October 30, 2026, citing technical breakouts and momentum indicators. — [Source](https://timesofindia.indiatimes.com/business/india-business/top-stock-recommendations-for-october-30-2026-dlf-punjab-national-bank-pnb-adani-green-stocks-to-buy-today/articleshow/135322780.cms)
- 2026-10-30 — The Hindu: **PNB fund misappropriation case: Bank says genuine claims to be honoured, FIR registered in Gr Noida** — Punjab National Bank (PNB) has registered an FIR against unidentified employees following allegations of fund misappropriation from savings accounts and fixed deposits at its Greater Noida branch, with over two dozen account holders reporting losses exceeding ₹11.24 crore. The bank has suspended several employees including the branch manager, settled three claims totaling ₹43 lakh, and assured customers that genuine claims will be honored while investigations continue. — [Source](https://www.thehindu.com/news/national/uttar-pradesh/pnb-fund-misappropriation-case-bank-says-genuine-claims-to-be-honoured-fir-registered-in-gr-noida/article71643462.ece)
- 2026-10-30 — MONEYCONTROL: **Greater Noida PNB branch fraud: Punjab National Bank says all genuine claims to be honoured** — Punjab National Bank confirmed it will honour all genuine claims associated with the fraud detected at its Greater Noida branch, aiming to mitigate reputational and financial risks for customers and stakeholders. — [Source](https://www.moneycontrol.com/city/greater-noida-pnb-branch-fraud-punjab-national-bank-says-genuine-claims-to-be-honoured-article-14064063.html)
- 2026-10-30 — The Hindu: **PNB Greater Noida branch fraud: Bank settles Rs 43 lakh in claims** — Punjab National Bank assured customers that genuine claims would be honoured after settling three claims worth Rs 43 lakh related to alleged financial irregularities at its Greater Noida branch. Customers have alleged losses exceeding Rs 11.24 crore from their savings accounts and fixed deposits, leading to the suspension of several bank employees and the registration of an FIR. — [Source](https://www.thehindubusinessline.com/money-and-banking/pnb-assures-customers-of-genuine-claim-settlements-after-1124-crore-fraud-allegations/article71643263.ece)
- 2026-10-29 — Mint: **PNB settles ₹43 lakh in claims amid alleged fraud at Greater Noida branch | Company Business News** — Punjab National Bank (PNB) has settled three claims totaling ₹43 lakh amid an investigation into alleged unauthorized transfers from customer accounts at its Aichhar branch in Greater Noida, with complaints exceeding ₹12 crore. The bank suspended all employees at the branch, including the branch manager, as police registered a case for criminal breach of trust and internal teams investigate the discrepancies. — [Source](https://www.livemint.com/companies/news/pnb-settles-43-lakh-in-claims-amid-alleged-12-crore-fraud-at-greater-noida-branch-11793293216860.html)
- 2026-10-29 — BUSINESSTODAY: **Greater Noida FD fraud case: PNB settles Rs 43 lakh in claims, promises to honour all genuine claims** — Punjab National Bank settled ₹43 lakh in claims related to alleged fraud at its Greater Noida branch and pledged to honor genuine claims while suspending five staff members for investigation into unauthorized transfers of customer funds. — [Source](https://www.businesstoday.in/india/story/greater-noida-fd-fraud-case-pnb-settles-rs-43-lakh-in-claims-promises-to-honour-all-genuine-claims-564668-2026-10-29)

## 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: 2026-11-06
- Source: Faxioms public stock analysis API

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