Punjab National Bank

Punjab National Bank (PNB) has disclosed penalties imposed by the Reserve Bank of India for non-compliance with operational guidelines of Currency Chests. The bank received penalty notices on September 9, 2026, and September 11, 2026, totaling Rs 2,91,750 on September 9, and Rs 1,33,800, Rs 1,34,600, and Rs 2,99,600 on September 11, bringing the total penalty amount to Rs 8,59,150. PNB stated the impact is limited to the monetary value of the penalties, which were directly debited from the bank's RBI account, and is working to improve reporting systems for more timely identification of such deductions.

Punjab National Bank will hold a board meeting on Friday, October 16, 2026, to consider and approve the unaudited/reviewed financial results (standalone & consolidated) for the quarter/half-year ended September 30, 2026, the bank said in a filing. Trading window for the bank's shares, which was closed from October 1, 2026, will remain closed until October 18, 2026, in compliance with SEBI regulations.

Punjab National Bank announced that the Department of Financial Services, Ministry of Finance, Government of India, has nominated Shri Sushil Katara as a Part-Time Non-Official Director on the bank’s board for a period of three years, effective October 9, 2026.

Punjab National Bank informed the Bombay Stock Exchange and National Stock Exchange of India that it has closed the trading window for designated persons, immediate relatives of designated persons, and insiders from October 1, 2026, until 48 hours after the declaration of the bank’s financial results for the quarter ending September 30, 2026, in accordance with Securities and Exchange Board of India regulations.

Punjab National Bank announced upward revisions to its projections for total assets, total income, and profit after tax over the next two fiscal years, forecasting total assets of 15,986 billion for March 31, 2024, 18,575 billion for March 31, 2025, and 20,333 billion for March 31, 2026; total income is projected at 1,224 billion, 1,405 billion, and 1,495 billion respectively; and profit after tax is expected to be 124 billion, 185 billion, and 184 billion, with corresponding figures of 82 billion, 166 billion, and 169 billion under a baseline scenario; these projections, alongside anticipated improvements in Return on Assets (RoA) from 0.6% to 1.1% and then 0.9%, Capital Adequacy Ratio (CAR) from 16.0% to 17.0% and 17.7%, Gross Non-Performing Assets (GNPA) from 5.7% to 4.0% and 3.0%, and Net Non-Performing Assets (NNPA) from 0.7% to 0.4% and 0.3%, have prompted rating agencies to issue positive assignments and enhancements across various instruments, including bonds and certificates of deposit, without any withdrawals of existing ratings.

Punjab National Bank announced that Smt. Vandana Bhagavatula has been deemed elected as a Shareholder Director following a review by the Board of Directors, as she was the only valid nomination received for the position through September 10, 2026, and is considered “FIT and PROPER”; consequently, the Extraordinary General Meeting scheduled for September 25, 2026, to elect a Shareholder Director has been cancelled.

Punjab National Bank announced the nomination of Shri Divesh Sehara as a director on its board under Section 9(3)(b) of the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970, effective September 10, 2026, replacing Shri D. Anandan, in accordance with a notification from the Department of Financial Services, Ministry of Finance, Government of India, eF.No. 6/ 2(ii)/2022-BO.I.

Punjab National Bank announced that Nitil Pandya, General Manager of the Group Business Management Division at its Head Office, has vacated his office due to superannuation, effective August 31, 2026, and Vijay Kumar, previously General Manager of the Group Business Management Division, has been appointed as General Manager (In-charge) of the same division, effective September 1, 2026.

Punjab National Bank (PNB) has disclosed that it has been imposed a monetary penalty of Rs 4,33,900 by the Reserve Bank of India on August 20, 2026, for non-compliance with operational guidelines of Currency Chests as per the RBI’s Master Directions. The bank confirmed the penalty amount reflects the financial impact related to the violation, as required under Regulation 30 of the SEBI (LODR) Regulations, 2015.

Punjab National Bank said an Extraordinary General Meeting will be held on September 25, 2026, at 11:00 a.m. through Video Conferencing (VC)/Other Audio -Visual Means (OAVM) to elect one director from amongst the shareholders of the bank, other than the Central Government, with the Specified/Cut-off Date for determining eligible shareholders being August 28, 2026, and the nomination submission deadline being September 10, 2026.