“We are very hopeful … By the end of the exercise, we should be able to receive two -digit growth in the business loans book,” said Chandra.
Chandra said that the PNB will remain in terms of to respect its credit growth orientations from 11 to 12% and the growth target for deposits from 9 to 10% for the year. “During the full year, we will stick to the advice and there will be a good momentum,” he said. Deposits have already increased by 10.5% in annual sliding (Yoy), he added.
Commenting on drops in goods and services tax rate (TPS), Chandra said that this decision should increase the demand for credit in key segments. “Simplification and drop in rates in TPS will make an impulse in the credit portfolio, in particular in retail, agri and MPMs,” he said, adding that the impact “is not in the short term” and will improve purchasing power and long-term credit growth.
Also read | PNB sees a large increase in the vehicle, housing loans; Shriram Finance remains cautious
On the financing of projects and infrastructure, Chandra said that recent measures of the Reserve Bank of India (RBI) have helped banks to support new investments. “We had a pool of 1.38 crore of 1.38 Lakh in the book of sanctioned companies, and this increased more during the quarter of April-June and the quarter from July to September,” he said. He urged companies to benefit from these facilities, noting that disbursements take time as projects take place over one to two years.
Chandra also said that the Board of Directors Committee and the appointment of the Housing Finance PNB is finalizing the selection of a new candidate, with an expected announcement by the end of the month.
Also read | Global PNB activities increased by 11% to 27.87 Lakh crore in September 2025
Chandra has confirmed that PNB plans to dilute 10% of its 23% participation in Canara HSBC Life, estimating the product of around 900 selling.
The PNB market capitalization amounts to 1.31 crores Lakh, its shares increasing by 12% in the past year.
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