Fitch Ratings Upgrades Punjab National Bank's Viability Rating to 'bb', Affirms IDR at 'BBB
Published on: Feb. 25, 2026, 8:07 p.m. | Source: scanx.trade
Fitch Ratings upgraded Punjab National Bank's Viability Rating to 'bb' from 'bb-' while affirming the Long-Term IDR at 'BBB-'/Stable. The upgrade reflects improved asset quality with impaired loans falling to 3.20% in 9MFY26, enhanced profitability metrics, and strengthened capitalisation with CET1 ratio reaching 13.80%. The bank benefits from government support through 70.00% state ownership and maintains robust funding with customer deposits comprising 95.00% of total funding.
