Banking #pnb#fcnr
PNB Targets $2.5 Billion via FCNR(B) Deposits, Raises $425 Million So Far
State-run Punjab National Bank targets $2.5 billion from Foreign Currency Non-Resident Bank deposits, having raised $425 million so far. MD Ashok Chandra cites major traction from the UK, Dubai and GIFT City. The bank also reported a three-fold jump in first-quarter profits, while monitoring monsoon risks to agriculture.
Jul 19, 2026 1 source