PNB Boosts Profitability by Targeting Retail Surge and Accelerating CASA Deposits: MD Chandra
Punjab National Bank (PNB) is strategically focusing on expanding its retail footprint, agricultural lending, and MSME advances to significantly boost growth and profitability. The bank's MD and CEO, Ashok Chandra, confirmed this focus while stating that the institution remains well-positioned for credit expansion within the dynamic banking sector. His statement, provided in the annual report, underscores a concerted effort to strengthen core business segments while committing to sustainable and ethical operations.Retail and MSME Lending Drives Significant Advance Growth
PNB has demonstrated robust performance in its priority lending sectors. As of March 31, 2026, advances related to Retail, Agriculture, and MSME (RAM) surged to Rs 6.76 lakh crore. This figure marks a substantial growth of 12 per cent compared to the previous fiscal year, where RAM advances stood at Rs 6.03 lakh crore.The commitment to micro and small business financing is evident in the data. The RAM segment contributed 56.6 per cent towards domestic advances as of March 2026. Chandra reaffirmed that the bank will continue concentrating on this strategic area, alongside bolstering its digital infrastructure and customer service standards.
Low-Cost Deposit Base Reaches Strong Milestone
Driving operational efficiency is PNB’s aggressive pursuit of low-cost deposits. The bank's domestic CASA (Current Account and Savings Account) share stood strong at 37 per cent as of the fiscal close. This stability is supported by high levels of current account and savings deposits.PNB recorded Current Account deposits amounting to Rs 79,294 crore. Complementing this are impressive Savings Deposits, which reached Rs 5.30 lakh crore. These figures highlight the bank's growing relationship with its clientele and ability to attract stable, low-cost funding sources.
Strategic Pillars Beyond Finance Commit to Responsible Growth
In addition to financial metrics, Chandra outlined a commitment to holistic corporate responsibility. The bank is placing strong emphasis on integrating Environmental, Social, and Governance (ESG) principles into all core business strategies. This move ensures that growth is responsible and sustainable for all stakeholders.PNB is committed to continually expanding its operational reach across the country. As the nation's second-biggest bank, the institution operates a vast network comprising 10,324 branches nationwide. Chandra affirmed that the bank aims to contribute significantly toward India’s journey towards Viksit Bharat by 2047.
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