Recent events
Recent events tied to this brand in public sources.
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2026
Punjab National Bank raises six MCLR benchmarks
Punjab National Bank raised all six Marginal Cost of Funds Based Lending Rate (MCLR) benchmarks by 10 basis points from November 1, 2026. The bank kept its repo-linked lending rate and base rate unchanged.
2026
Customers allege unauthorized transfers at PNB branch
Customers of Punjab National Bank’s Sector Pi-1 branch in Greater Noida alleged that money was withdrawn or transferred from their accounts without authorization, including through premature closure of fixed deposits. The bank and police had not officially confirmed the suspected amount or the number of affected customers.
2026
PNB announces revised credit card fees
Punjab National Bank announced revised fees scheduled to take effect on November 1, 2026, including higher cash advance fees and a revised late payment fee for outstanding amounts above ₹10,000.
2022
PNB and Patanjali launch co-branded contactless credit cards
Punjab National Bank and Patanjali Ayurved Limited launched co-branded contactless credit cards on NPCI’s RuPay platform, in Platinum and Select variants.
2021
Punjab National Bank responds to data-breach claims
Punjab National Bank denied claims in a CyberX9 report that a vulnerability in its server exposed customers' personal and financial information. The bank confirmed a glitch but denied that critical data had been exposed.
2021
PNB appoints Rekha Jain as shareholder director
Punjab National Bank appointed Rekha Jain as a shareholder director; the bank said she assumed office on September 12, 2021.
2021
Asha Bhandarker steps down as PNB shareholder director
Asha Bhandarker stepped down as Punjab National Bank shareholder director on Saturday after completing a three-year tenure. The source was published on September 12, 2021.
2020
RBI fines six entities for regulatory non-compliance
The Reserve Bank of India imposed monetary penalties totaling over Rs 5.78 crore on six entities, including Sodexo, PhonePe, QwikCilver Solutions, Punjab National Bank, Muthoot Vehicle & Asset Finance, and Delhi Metro Rail Corporation, for non-compliance with regulatory guidelines.
2020
PNB launches Festival Bonanza Offer with waived loan charges
Punjab National Bank launched a festival promotion waiving upfront or processing fees and documentation charges on some retail loan products, including housing and car loans. The offer was available through December 31, 2020.
2020
PNB launches DIGITAL APNAYEN campaign
Punjab National Bank launched the DIGITAL APNAYEN campaign to encourage customers to use digital banking channels. Under the campaign, the bank said it would contribute Rs 5 to the PM CARES Fund on behalf of each customer making a first financial transaction to activate a RuPay Debit card.
2020
Punjab National Bank launches Weaver Mudra Scheme
Punjab National Bank announced the launch of the PNB Weaver Mudra Scheme, offering eligible weavers cash credit or loans for their credit requirements, including investments and working capital.
2020
Punjab National Bank unveils a new logo
Punjab National Bank unveiled a new logo bearing distinct signages of Punjab National Bank, United Bank of India and Oriental Bank of Commerce as the banks prepared to merge with effect from April 1.
2019
Banks agree to fund Patanjali’s acquisition of Ruchi Soya
A consortium of lenders led by State Bank of India decided to fund Patanjali’s acquisition of Ruchi Soya. Patanjali’s managing director said ₹3,200 crore of the approved resolution plan would be funded through debt from a consortium of banks.
2019
India gives initial approval to state-owned bank merger plans
Punjab National Bank said it had received a response from the Finance Ministry and that the government had basically approved its proposed merger with Oriental Bank of Commerce and United Bank of India, as well as a proposed merger of Kerala Bank and Syndicate Bank.
2019
Punjab National Bank appoints managing director and CEO
Punjab National Bank announced that S.S. Mallikarjuna Rao was appointed managing director and chief executive officer, effective from the date he assumed office, until 18 September 2021 or until further orders, whichever was earlier.