India’s second biggest state-owned lender told agencies that it targets recovery in the current fiscal year
Punjab National Bank (PNB) also looks to keep slippages below 1 per cent in FY 2026, PNB MD and CEO Ashok Chandra told agencies
‘We are expecting that [quarterly] slippages will be in the range of around ₹1,500 crore to ₹1,700 crore’: PNB CEO
PNB sees ₹6,000 crore of recovery in the technical right-off book, which as of now, stands at around ₹91,000 crore
The lender also looks to expand its retail, agriculture and MSMEs sector-lending to 58 per cent of its loan book in the current fiscal
Retail, agriculture and MSMEs sector-lending in FY2025 was closed with loan outstanding at ₹6.03 lakh crore (56 per cent of loan book)
For FY2025, PNB posted that its net profit doubled to ₹16,630 crore from ₹8,245 crore a year ago