Last Updated: Jan 20, 2026, 02:11:00 PM IST
NEW DELHI: The upcoming Union Budget 2026 is likely to focus on infrastructure development, micro, small and medium enterprises, and rural growth, Punjab National Bank Managing Director and Chief Executive Officer Ashok Chandra said.
Speaking to ANI, Chandra said recent budgets have shown “consistency” and that the government is expected to continue with similar priorities this year.
“Over the last few years, there has been consistency in budget announcements. This year too, I am expecting the thrust areas will be MSME, rural infrastructure, rural growth, and capex growth, which will help infuse new entrepreneurs and attract capital in ..
He added that the focus would be on initiatives that ignite growth and bring infrastructure development to the forefront.
Discussing the bank’s highest-ever quarterly profit, Chandra attributed the success to three key factors.
MSME loans are growing at over 19 per cent, retail housing at more than 15 per cent, and vehicle loans at over 35 per cent.
Agriculture lending is expanding at 10-11 per cent.
“We envisaged at the beginning of the financial year driving business through branches, and that has worked very well from a profitability perspective,” he said.
Second, recoveries totalling Rs 4,100 crore during the quarter provided significant support.
Third, new verticals launched this year have begun contributing meaningfully, he said.
The supply chain vertical, created with a full digital stack four months ago, has established arrangements with vehicle manufacturers and now has a sanction pool of Rs 4,500 crore.
The cash management services vertical, focusing on corporate and NBFC receivables, is also operational under a general manager.
The bank has entered the premium credit card segment with the launch of Luxura, appointing cricketer Harmanpreet Kaur as brand ambassador.
“Credit cards present a wonderful opportunity with low penetration in India. We are going big in this market,” Chandra said.
With a recovery target of Rs 16,000 crore for the financial year, PNB has already recovered over Rs 11,000 crore in the first nine months.
The bank expects to recover more than Rs 4,000 crore in the fourth quarter, following Rs 4,100 crore in recoveries during the third quarter.
