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News Topical, Digital Desk : Punjab National Bank (PNB) is all set to touch the historic figure of total business of Rs 30 lakh crore by the end of the current financial year. The bank's MD and CEO Ashok Chandra has expressed this hope. He said that the country's second largest public sector bank has the right strategy to achieve this target. At the end of the first quarter of the current financial year 2025-26, PNB's total business grew by 11.6 percent to Rs 27.19 lakh crore.
Whose number is after PNB
PNB is followed by Bank of Baroda, whose total business was Rs 26.43 lakh crore as of June 30, 2025. It is followed by Canara Bank with a total business of Rs 25.64 lakh crore. Chandra said, "Our target for the current financial year is Rs 29.56 lakh crore. We can outperform our target and reach Rs 30 lakh crore by March next year. We are taking full care that whatever revenue we are going to earn, the profit of the bank should increase.''
What was the operating profit in the first quarter
Chandra stressed in an interview that PNB is very conscious about operating profit and in the first quarter itself the bank has reported its highest ever operating profit of Rs 7,081 crore. He said, "Whether it is deposit mobilization or corporate loan book, everything should add to the profitability of the bank. That is why now wholesale deposits have been reduced and corporate deposits have come down significantly."
PNB very aggressive in giving corporate loans
Chandra said that the bank aims to achieve a minimum of 11-12 percent loan growth and 9-10 percent deposit growth in the financial year 2025-26. He said that the bank is taking full care that whatever loan book is prepared, it should contribute well to the operating profit.
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