Punjab National Bank (PNB) is eyeing a recovery of Rs 16,000 crore and aiming to keep slippages below 1 percent in the current fiscal year to sustain profitability. Meanwhile, total recovery of the bank stood at Rs 4,733 crore for the fourth quarter and Rs 14,336 crore for FY25 while overall slippages ratio was 0.73 per cent during the last financial year.
The bank also plans to expand its RAM (retail, agriculture and MSMEs) sector lending to 58 per cent of its loan book in the current financial year with the help of various initiatives taken, including loan outreach. The volume increase in the RAM segment will help compensate for a loss due to further rate cuts.
PNB is one of the oldest banks in India having a virtual presence in every important center of the country. The Bank caters to a wide variety of audience through spectrum of services including corporate and personal banking, industrial finance, agricultural finance and international finance.
