Punjab National Bank has informed the Exchange about Related Party Transactions
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Awaiting price reaction for this filing.
Punjab National Bank has filed its half-yearly disclosure of related party transactions with the stock exchanges, as required under SEBI's Listing Regulations. The disclosure covers the period from 1 October 2024 to 31 March 2025 and lists transactions with directors and key managerial personnel (sitting fees and remuneration), subsidiaries such as PNB Gilts, PNB Cards and Services, and PNB Bank International, and associates including PNB Metlife, PNB Housing Finance, Canara HSBC Life Insurance, Everest Bank, and several regional Gramin Banks. The largest individual line items include commission of ₹17,040 lakhs from PNB Metlife, principal of ₹26,862 lakhs from PNB Housing Finance on assignment of loans, and inter-bank placement of ₹63,846 lakhs with PNB Bank International. Big term deposit placements were made with Gramin Banks such as Prathama UP Gramin Bank (₹1,85,004 lakhs) and Sarva Haryana Gramin Bank (₹1,00,000 lakhs). The bank confirmed that all related party transactions were approved by the Audit Committee and, where applicable, by shareholders, in line with the bank's policy and SEBI guidelines.
This is a routine regulatory disclosure and not a new business event, so it is unlikely to move the stock price. It gives investors visibility into the scale of intra-group and associate transactions but confirms governance oversight through Audit Committee approval.