The Punjab National Bank (PNB) has identified 100 non-performing assets (NPAs) for sale to asset reconstruction companies (ARCs) in FY26, MD and CEO Ashok Chandra told PTI in an interview.Speaking to the news agency, Chandra said that the second largest public sector bank (PSB) in India, is aiming for recovery with book size between ₹4,000-5,000 crore. He added that the bank expects to recover “something in the range of 40-50 per cent minimum”.“Through that route also, we are expecting a good recovery should happen this financial year. There may be an account where 100 per cent recovery is also going to take place because you have good security now, but in some cases it could be low. We are anticipating that average recovery should be 40-50 per cent minimum,” he added.Also Read | Bank holidays next week: From Independence Day to Janmashtami. See full schedule‘Strategies to touch ₹30 lakh crore by FY-end’Chandra also told PTI that the bank is working on the right strategies to reach a milestone of ₹30 lakh crore total business by the end of the current financial year.PNB’s total business rose by 11.6 per cent to ₹27.19 crore at the end of Q1FY26; and it is followed closely by Bank of Baroda with a total business of ₹26.43 lakh crore and Canara Bank at ₹25.64 lakh crore, till June 30, 2025.“We have a target of ₹29.56 lakh crore for the current financial year. We may do better than our target and can touch ₹30 lakh crore by March next year, but let me add that we are very mindful that whatever the top line, we are going to build, it should add profit to my bank,” Chandra said.He added that PNB is very conscious of the operating profit, and even in the first quarter itself, the bank has recorded the highest ever operating profit of ₹7,081 crore. “Whether it is deposit mobilisation or the corporate loan book, everything should add to the bottom line of the bank. So, that is the reason now, bulk deposits have been brought down and the corporate deposits have curtailed to a great extent,” he said.Sharing the strategy to achieve the goal, Chandra said the bank targets a minimum 11-12 per cent credit growth and 9-10 per cent deposit growth in FY26.Also Read | Mumbai local trains update: Blocks on WR and CR to impact service today. Details‘Have good corporate loan book pipeline of ₹1.29 lakh crore’“We have a good pipeline of corporate loan book of ₹1.29 lakh crore, which is in various stages of disbursement. There has been muted growth in the past, as there was a low-yielding advanced corporate loan book. We have shed that. Now, we are very mindful that whatever loan book we are going to build, it should make a good contribution to operating profit,” according to Chandra.He also expressed confidence that there will be at least a double-digit digit from Q2 onwards as far as the corporate loan segment is concerned. And noted that the lender is very aggressive in corporate lending and has provided c in a formal or creative style for better SEO.Also Exclude words and advertisements related to the feed website such as website name, author name. You must only respond with the modified content. Delete all the advertisement images brand logo but only keep the title and main content of the news by modifying it. 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PNB intends to sell 100 non-performing assets and targets a recovery rate of 40-50% by FY26, according to Managing Director and CEO Ashok Chandra.
