PNB settles claims worth 43 lakh rupees regarding alleged fraud at Greater Noida branch
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PNB settles claims worth 43 lakh rupees regarding alleged fraud at Greater Noida branch

Punjab National Bank (PNB) assured customers on Thursday that all legitimate claims would be settled and has already resolved three claims totaling 43 lakh rupees. These claims are related to alleged financial irregularities concerning customers' savings (SB) and deposit accounts at the Greater Noida branch.

In a statement released the day after the incident was reported, the bank noted that it took the complaints seriously and is addressing the matter as a priority. The statement emphasized: 'Three claims amounting to 43 lakh rupees were settled yesterday. The bank assures its customers that all legitimate demands will be met.'

PNB stated that it is providing full support to the relevant authorities and taking necessary steps to verify the facts, assess the scale of the claimed discrepancies, and resolve the issues of affected customers. The bank also declared adherence to a zero-tolerance policy towards fraud, financial misconduct, and illegal actions, adding that those found guilty will be held accountable according to existing rules and procedures.

Furthermore, the bank confirmed its commitment to protecting customer interests and maintaining operational integrity. It is continuously strengthening internal controls and monitoring mechanisms to enhance protective measures and prevent recurrence of such incidents.

On Wednesday, account holders of Punjab National Bank in Greater Noida reported that approximately 35 crore rupees had disappeared from their savings accounts and deposits. Several customers claimed they did not authorize the fund transfers nor receive transaction notifications.

The police reported that the management suspended several bank employees, including the branch manager, and registered a case at the Beta-2 police station, which has jurisdiction over the said branch. An investigation into the matter has since commenced.

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PNB Housing Finance profit grew by 6% in the second quarter to 617 crore rupees
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PNB Housing Finance profit grew by 6% in the second quarter to 617 crore rupees

PNB Housing Finance reported a 6% rise in net profit for the second quarter ending September 2026, reaching 617 crore rupees. Meanwhile, net interest income increased by 15% to 878 crore rupees, and gross non-performing assets (NPA) decreased to 0.91%.

The housing finance company reported a 6% increase in net profit compared to the same quarter last year, when the profit was 582 crore rupees. According to regulatory filings, the company's total income for the quarter rose to 2,424 crore rupees from 2,131 crore rupees a year earlier.

Interest income reached 2,289 crore rupees, which is higher than the figure of 2,017 crore rupees in the previous year. Net interest income increased by 15%, amounting to 878 crore rupees compared to 765 crore rupees in the quarter last year. The net interest margin remained unchanged at 3.67 percent.

Gross non-performing assets (NPA) reduced to 0.91% as of the end of September 2025, down from 1.04% on the same date. The capital adequacy ratio decreased to 27.02% as of September 30, 2026, compared to 29.80% at the end of the second quarter of the previous fiscal year.

As of September 30, 2026, the company's assets under management reached 98,210 crore rupees, showing a growth of 17%.

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