Athira Sethu,
Kochi, 30 July 2026
Punjab National Bank (PNB) is set to remain in focus after its board approved plans to raise up to $1.5 billion in foreign currency through a Medium-Term Note (MTN) Programme. The fundraising, to be undertaken via its IFSC Banking Unit at GIFT City, comes shortly after the state-owned lender reported a sharp jump in first-quarter earnings, supported by higher interest income and significantly lower tax expenses. The move is aimed at strengthening the bank’s access to international funding markets while expanding its global banking operations.
Fundraising Plan
| Particulars | Details |
| Fundraising Size | Up to $1.5 billion |
| Mode | Medium-Term Note (MTN) Programme |
| Issuing Entity | PNB IFSC Banking Unit, GIFT City |
| Board Approval | July 29, 2026 |
| Objective | Raise foreign currency funds for international operations |
PNB Q1 FY27 Financial Snapshot
| Metric | Q1 FY27 | Q1 FY26 | Change |
| Standalone Net Profit | ₹5,253 crore | ₹1,675 crore | ▲ 213% YoY |
| Net Interest Income (NII) | ₹32,897 crore | ₹31,963 crore | ▲ 3% YoY |
| Tax Expense | ₹1,724.72 crore | ₹5,083.25 crore | ▼ 66% YoY |
PNB Stock Performance
| Metric | Performance |
| Closing Price (July 29) | ₹111.08 |
| Daily Movement | ▼ 0.51% |
| One-Month Performance | ▲ 4% |
| Year-to-Date Performance | ▼ More than 11% |
| 52-Week High | ₹135.15 (January 15, 2026) |
| 52-Week Low | ₹98.50 (May 18, 2026) |
| Market Capitalisation | ₹1.28 lakh crore |
