Punjab National Bank: Shares of Punjab National Bank (PNB) will be in focus on Monday as the bank reported a loan fraud of Rs 2434 crore in its regulatory filing after the market closed on Friday, December 26. The bank has also informed the Reserve Bank of India (RBI) about this. This case of loan fraud is related to two companies – SREI Equipment Finance Limited (SEFL) and SREI Infrastructure Finance Limited (SIFL).

In the information given to the exchanges, the bank said that SREI Equipment Finance Limited (SEFL) has committed fraud of Rs 1,240.94 crore and SREI Infrastructure Finance Limited (SIFL) has committed fraud of Rs 1,193.06 crore. That means both these companies have not yet repaid the money taken from the bank by taking loan. However, PNB clearly said that it has made 100 percent provisioning for the outstanding amount of both the loans. It has also been told in the filing that these companies have been resolved by the National Company Law Tribunal (NCLT) under the Corporate Insolvency Resolution Process (CIRP).

Punjab National Bank shares

PNB shares were already under pressure on Friday, closing at Rs 120.35, down 0.50 per cent from the previous closing price of Rs 120.95 on BSE. PNB shares have remained strong for a long time. It has increased by about 13 percent in the last six months and by 17 percent year-on-year in 2025. Technical indicators show that the stock is currently trading in the neutral zone. According to Trendline data, the Relative Strength Index (RSI) is at 50.8, while the Money Flow Index is at 55.4. Both indicators indicate that the stock is in the mid-range – neither overbought nor oversold.

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Things to do before 30th November: The month of November is about to end. With the end of the month, the timeline for completing many important tasks will also end. In such a situation, you will be left out of taking advantage of many banking facilities, so there is still four days time, complete these tasks immediately. Let us know what tasks you have to complete before the end of the month of November:-

submit life certificate

In order to continue receiving pension on time, all pensioners in India have to submit their Life Certificate (LC) or Jeevan Pramana to the pension granting agencies on or before the deadline of 30th November every year.

Central and state government employees receiving pension can either personally go to the concerned authorities and submit the documents or now they also have the option to submit digital LC within the deadline. If you do not submit your life certificate by 30th November, your pension may be stopped. In case of delay, your pending pension will come only when the LC sent by you gets approved by the Central Pension Processing Center (CPPC).

Deadline for updating KYC

If you are also a customer of Punjab National Bank (PNB), then you too must have received a reminder message to update KYC (Know Your Customer) by September 30, 2025. If KYC is not updated by this date, your account will be banned and you will not be able to make necessary transactions from it. It is very easy to update KYC.

If you want, you can update KYC through PNB ONE mobile app, internet banking, email or SMS, WhatsApp banking or by visiting your nearest branch. Updating KYC is not just a regulatory requirement, but it is also necessary to verify identity, prevent fraud and maintain continuous access to all banking services. Due to security reasons, if KYC details are not updated, sometimes there is a risk of account getting frozen, which can affect withdrawal, KYC transfer and other services.

Transfer from NPS to UPS

Central government employees are being given another chance to shift from the National Pension System (NPS) to the newly launched Unified Pension Scheme (UPS). Earlier its deadline was from June 30 to September 30, which was later extended to November 30, 2025 and now perhaps this may be the last chance.

You can shift from NPS to UPS completely on your own will, which will have a huge impact on your retirement planning. Many employees find UPS more beneficial because of its defined-benefit structure and more stable income after retirement. Failure to opt-in before November 30 means that by default they will continue to work under the existing NPS structure.

Rbi on bank minimum balance: The Reserve Bank of India has denied any restriction on arbitrary minimum balance by banks. RBI Governor Sanjay Malhotra said that the central bank leaves the decision to banks how much minimum balance they decide. This statement from RBI has come at a time when ICICI Bank has increased the average monthly balance for the new savings account opening from 1 August 2025 to Rs 50,000.

The minimum balance in metro and urban branches has been increased from Rs 10,000 to Rs 50,000, while in semi-urban branches, it has been increased from Rs 5,000 to Rs 25,000 and in rural areas it has been increased to Rs 10,000.

RBI refuses to interfere

However, these changes will only apply to new customers, while the new minimum balance rules for old account holders will not apply until the notification is issued by the bank. If customers do not meet the terms of this average balance, then penalty will be imposed on them by the bank.

Reserve Bank of India Governor Sanjay Malhotra said on Monday that banks are free to fix the minimum balance in savings accounts and it does not fall under RBI regulatory jurisdiction. He said this in a conversation with reporters during a ceremony organized on financial inclusion at Gojiaia Gram Panchayat in Mehsana district of Gujarat.

What did Sanjay Malhotra say?

Asked about increasing the amount of minimum balance required for private bank ICICI’s savings account, Sanjay Malhotra said, “RBI has left the decision to decide the minimum balance on each bank. Some banks have kept it Rs 10,000, some have kept Rs 2,000 and some have given the customers. ICICI Bank has increased the minimum balance limit for those opening new savings accounts from 1 August.

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Psu banks earning: The country’s government banks led by the State Bank of India (SBI) have earned a record profit of Rs 44,218 crore in the first quarter of 2025-26. Whereas in the June quarter of a year ago, all 12 public sector banks together made a profit of Rs 39,974 crore. That is, in total, the profit has increased by Rs 4,244 crore.

State Bank made the highest profit

SBI was at the top of the list. The bank earned a net profit of Rs 19,160 crore in the April-June quarter. This is 12 percent more than the first quarter of FY 2025. That is, in both size and profit case, the country’s largest lender still has control on public banking market. Indian Overseas Bank finished second. Its net profit was Rs 1,111 crore with an increase of 76 percent. At the same time, 48 percent increased to Punjab and Sindh Bank’s profit of Rs 269 crore.

These banks also earned profit

Indian Bank’s net profit increased by 23.7 percent to Rs 2,973 crore. At the same time, Bank of Maharashtra earned a profit of Rs 1,593 crore with a jump of 23.2 percent. The profit of Central Bank of India increased by 32.8 percent to Rs 1,169 crore.

PNB lags behind in profit race

The only Punjab National Bank is the only government bank whose performance has declined in the June quarter. PNB’s net profit in the first quarter of FY 2026 declined by Rs 3,252 crore to Rs 1,675 crore from Rs 3,252 crore for the same period last year. However, all banks’ performance in different sectors vary, but the results of the first quarter reflect the pace of flexibility and improvement of public sector lenders.

How do banks earn money?

Investment on bank loan, investment in government securities, bonds and shares, interbank loans, digital banking, treasury operation, service fee and fees make money in all these ways.

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After completing his studies, youth are looking for jobs. At the same time, working in public sector banks is still a dream of millions of youth. There is a lot of curiosity among the people about the post of clerk of a government bank. Because there is not only stability in this job but salary and facilities are also good. Questions are often raised about the job of clerk in a big bank like Punjab National Bank.

How much salary is available, what is the work, and how much can it increase in the coming time? Because now the 8th Pay Commission is going to be implemented from next year. So this question is coming in the mind of more people that after the 8th Pay Commission, how much effect the clerk’s salary will be affected and how much their income can increase. Let us tell you complete information.

https://www.youtube.com/watch?v=gsxmpfcabrs

How much is the salary of PNB clerk?

Many people want to do a clerk job in PNB i.e. Punjab National Bank. Because it is a government bank. Talking about the first salary of the clerk in this, it is between Rs 29000 to Rs 32000. Which depends on the category and posting of the city. It includes DA, HRA, transport allowance and some allowances in addition to basic pay. Every year this salary increases gradually with increments.

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Getting promotion is more beneficial. Many clerks also reach the officer grade over time. Apart from this, many other facilities are available. Due to which it is considered a safe career. That is why every year millions of people give exams for this post of public bank every year.

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How much salary will be increased after the 8th Pay Commission?

The 8th Pay Commission will be implemented from next year. After its implementation, all the central employees will be batted. In this, a significant increase in the salary of PNB clerk is expected. According to experts, basic pay can increase by about 25% to 30%.

If the current salary is around Rs 35000, then in the new scale it can increase to between 45000 and 50000 rupees. If the fitment factor is kept 2.5 or above, then DA, HRA and other allowances will also increase.

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Education loan information:
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Sukanya samriddhi account online: Sukanya Samriddhi Yojana is a government small savings scheme, which aims to secure the future of the girls financially so that they can be financially helped for higher education or marriage in the coming time.

Till now, to open Sukanya Samriddhi Yojana account, you had to go to the bank or post office and have to submit the application form there, but now you will be able to open an account for Sukanya Samriddhi Yojana in minutes sitting at home.

The mess of going to bank or post office is over

Actually, Punjab National Bank (PNB) has introduced a new facility for its customers. Under this, through Punjab National Bank’s mobile banking app PNB One, you will be able to open an online SSY account in minutes sitting at home. You will not even need to go anywhere for this. This will not only make it easier for people to adopt this saving scheme, but will also increase its access to more and more people and will also promote women empowerment. With this help, more and more people will be able to take advantage of this government scheme.

How to open account from PNB One app?

• First open PNB One application on your mobile device.
• Click on the services option in the main menu.
• Then click on ‘Govt Initiative’ option.
• Now select the ‘Sukanya Samriddhi Account Opening’ option.
• After this, to complete the process of opening the account, follow the instructions given on the screen.

Even though you can open the SSY account digitally, you have to go to the bank to shut down the account, stop the account or stop before time. Under this scheme, minimum Rs 250 and maximum Rs 1.5 lakh can be deposited. Parents or legal parents can open an account under this scheme in the name of a girl under 10 years of age. In this, interest is available up to 8.2 percent on the deposit amount. Moreover, tax exemption is also available under Section 80C of the Income Tax Act. In this, maturity takes place at the age of 21, but partial withdrawal can be done after the age of 18 years.

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Punjab national bank: Punjab National Bank (PNB) has given great relief to its account holders. The bank has announced that no penalty will be charged for not maintaining a minimum average balance in the savings account. This decision of the bank will provide relief to the people from the concern of keeping the minimum balance in the account.

The bank says that the aim of this step is to promote financial inclusion and make banking more accessible for all. This new rule of the bank has come into force from July 1, 2025. This will help women, farmers and lower income families especially. Last month, Canara Bank also removed the need to maintain average monthly balance (Amb) on all its accounts from the month of June.

Why do banks impose minimum balance rule?

The bank is therefore asks to maintain the minimum average balance in its account so that its operational expenses can be met and customers can spend various services such as online banking, ATM, branch, etc. Many times the bank also provides facilities like more interest rate, free ATM transaction to customers on maintaining minimum balance.

At the same time, the bank charge a fine from its customers for not maintaining minimum balance. Many times, if the minimum average balance is not maintained in the account for a long time, the bank account is closed. Broadly understanding, the bank is a business, which depends on deposits and penalty to meet their expenses.

According to the RBI rules regarding minimum balance, the bank always keep in mind that the balance does not go to negative due to penalty in the account if there is no minimum balance maintained in the account.

Banks also earn from these things

However, many times banks remove this rule so that people from far-flung rural areas and low income are easy to use banking services without any fine. With this, the cost of the bank’s operational cost comes out of many other things such as SMS alert fees, service fees, transaction fees, interest, etc.

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Punjab national bank: The Central Bureau of Investigation (CBI) has arrested two people, including a senior manager of Punjab National Bank (PNB) in a financial fraud case related to fake bank guarantee of Rs 183.21 crore. This action has been taken in connection with the scam related to a company in Indore and Madhya Pradesh Jal Nigam Limited (MPJNL).

What is the matter?

According to the CBI, an Indore company allegedly submitted an eight fake bank guarantee issued by PNB in ​​2023 and obtained three major irrigation contracts from MPJNL. Its price is a total of Rs 974 lakh.

To secure the project, the company submitted eight fake bank guarantee of a total of Rs 183.21 crore. During the time of verification process, MPJNL received an email related to the guarantee of PNB’s official domain, on the basis of which MPJNL approved the contracts. However, later they were found to be fake.

CBI raids in many states

After this case of fraud came to light, the CBI started action on the instructions of the Madhya Pradesh High Court. Under this, on June 19 and 20, the investigating agency conducted a search operation at 23 places in five states including New Delhi, West Bengal, Gujarat, Jharkhand and Madhya Pradesh.

During this raid, two people were arrested from Kolkata, including senior manager of Punjab National Bank. Both were first produced in a local court in Kolkata and are now being brought to Indore on transit remand.

Initial investigation has revealed that a gang of Kolkata has a hand in this entire case, which is engaged in making fake bank guarantee and distributing it in many other states as well. The investigation of the case is still going on.

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