PNB targets public listing of Haryana Gramin Bank by early 2028

Punjab National Bank (PNB) is advancing its timeline for taking Haryana Gramin Bank public, with the Managing Director indicating that a listing could materialize in the final quarter of FY27 or the opening months of FY28. The planned public offering of the subsidiary represents a significant milestone in PNB's corporate restructuring strategy and capital-raising efforts.

Beyond the listing initiative, PNB is actively exploring strategic partnerships to enhance its product portfolio. The bank is in advanced discussions with Punjab & Sind Bank to develop co-branded credit card offerings, a move aimed at expanding consumer reach and strengthening market positioning in the competitive credit card segment.

On the funding front, PNB has demonstrated robust capital mobilization capabilities, successfully attracting nearly $2.5 billion in Foreign Currency Non-Resident Bank (FCNR) deposits. This achievement underscores investor confidence in the bank's financial stability and growth prospects amid global economic uncertainties.

In a bid to modernize its operational infrastructure, PNB is implementing artificial intelligence-powered call centres. The technology-driven initiative aims to enhance customer service delivery, reduce operational costs, and improve efficiency across its customer interaction channels. These multifaceted efforts reflect PNB's commitment to digital transformation and competitive positioning in India's evolving banking landscape.