PNB Targets Sub-50% Cost-to-Income Ratio This Fiscal, Eyes 45% by FY29
Punjab National Bank is pressing ahead with a sharper efficiency drive, aiming to pull its cost-to-income ratio below 50% in the current financial year and toward 45% by FY29, Managing Director Chandra said. The state-run lender has already brought the ratio down to 50.38% in the first half of the fiscal, while posting a net profit of Rs 5,500 crore and signalling further earnings momentum ahead.
