PNB expects credit growth up to 2 points this quarter, deposit costs to ease
Punjab National Bank CEO Ashok Chandra told BusinessLine about credit growth, loan repricing and deployment of $2.7 billion raised via FCNR(B) deposits.
- published
- in the api
- on the website
on the website stories appear 15 minutes after publication, in the api at once. connect the api →
what happened
Ashok Chandra, MD and CEO of Punjab National Bank, told BusinessLine in an interview published by ru.tradingview.com that credit growth this quarter could add up to 2 percentage points to economic growth. He expects overall credit to expand about 14–15%, with MSME and agriculture growing faster than the average.
The bank used the full amount raised through FCNR(B) deposits, about $2.7 billion, to repay high-cost bulk deposits and certificates of deposit. Chandra said the domestic net interest margin rose 10 basis points in a single quarter and the global margin rose 8 basis points. Loan rates are passed on to customers on the next working day after any policy rate change.
The bank has also approved plans for a medium-term note issue of about $1 billion and infrastructure bonds worth around ₹10,000 crore, with timing dependent on market conditions.
why it matters
The interview gives a read on Indian bank profitability: margin gains and steady lending suggest lenders are handling the rate cycle without sharp income pressure. For markets it is a signal about liquidity and earnings at large Indian state banks, though it covers a single bank and does not set a sector-wide direction.
market impact
Indian banks: wider margins and loan growth support sector profitability
tags
instruments
sources
- Credit growth likely to see addition up to 2% in the ongoing quarter, says PNB MD Chandra — Moody's, 18 October 2026 at 09:41 UTC
prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.
on the website stories appear 15 minutes after publication, in the api at once.
get stories in real time ↗