PUNJAB NATIONAL BANK

Punjab National Bank (PNB) has received an administrative warning letter from SEBI's Investigations Department concerning violations of SEBI (Prohibition of Insider Trading) Regulations, 2015. The violation pertains to trading in the bank's shares by three designated persons and their immediate relatives (total six individuals) during the period from June 24, 2024, to August 6, 2024. The letter, dated September 30, 2026, was received by the bank on October 1, 2026. SEBI's communication is cautionary and does not impose any financial penalty on the bank. PNB stated it will take necessary steps to address the concerns raised. The details of the letter are enclosed as Annexure I.

Punjab National Bank (PNB) has announced that its Marginal Cost of Funds Based Lending Rates (MCLR) will remain unchanged across all tenors, effective from September 1, 2026, and continuing into October 1, 2026. The MCLR for overnight, one month, three months, six months, one year, and three years are set at 8.00%, 8.25%, 8.50%, 8.65%, 8.80%, and 9.10% respectively. Additionally, the Repo Linked Lending Rate (RLLR) remains at 8.10% (including a 0.35% BSP), and the Base Rate is unchanged at 9.50%. This decision indicates a stable interest rate environment for the bank's lending products in the near term.

Punjab National Bank's Extraordinary General Meeting (EGM) scheduled for September 25, 2026, to elect a Shareholder Director has been cancelled. This decision was made because only one nomination, that of Smt. Vandana Bhagavatula, was found to be 'FIT and PROPER' by the Board of Directors. Consequently, Smt. Bhagavatula is deemed elected as the Shareholder Director, extending her term for three years from October 5, 2026. Her extensive experience in accountancy, banking, finance, audit, and risk was noted.

Punjab National Bank (PNB) announced the cancellation of its Extraordinary General Meeting (EGM) scheduled for September 25, 2026, for the election of a Shareholder Director. This decision follows the Board of Directors finding Smt. Vandana Bhagavatula's nomination as the sole valid nomination. She has been deemed elected and will continue her term beyond October 5, 2026, for a total of three years. Smt. Bhagavatula possesses extensive experience in accountancy, banking, finance, audit, and risk, holding qualifications as a Chartered Accountant and DISA. She has no inter se relationship with other directors and is not debarred from holding office.

Punjab National Bank has submitted the detailed profile of Shri Divesh Sehara, who has been appointed as a Government of India Nominee Director on the Bank's Board effective September 10, 2026. Shri Sehara is an Indian Administrative Service (IAS) Officer of the 2005 Batch, Bihar Cadre, and currently serves as Joint Secretary in the Ministry of Finance, Department of Financial Services, Government of India. This intimation is in compliance with SEBI (LODR) Regulations, 2015.

Punjab National Bank (PNB) has announced the nomination of Shri Divesh Sehara as a Director on its Board, effective immediately. This appointment is made under Section 9(3)(b) of the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970, as per a notification from the Department of Financial Services, Ministry of Finance, Government of India. Shri Sehara, currently serving as Joint Secretary in the Ministry of Finance, Department of Financial Services, replaces Shri D. Anandan. PNB will submit Shri Sehara's detailed profile in due course. The bank has confirmed there is no inter se relationship between Shri Sehara and existing Directors, and he is not debarred from holding the office. This disclosure complies with SEBI (LODR) Regulations, 2015.

Punjab National Bank has been informed by the Indian Bank Association (IBA) about a notice of strike issued by the United Forum of Bank Unions (UFBU) and other associations. The strikes are scheduled for September 11, 28, 29, 30, 2026, and a continuous strike from October 26, 2026, in support of their demands. While the bank is making arrangements for smooth operations, the strike, if it materializes, may affect the functioning of its branches and offices.

Punjab National Bank (PNB) has issued a notice for its Extraordinary General Meeting (EGM) to be held on Friday, September 25, 2026, at 11:00 a.m. IST via Video Conferencing (VC) or Other Audio-Visual Means (OAVM). The meeting's primary agenda is the election of a director from among the shareholders, excluding the Central Government, in accordance with various banking regulations and schemes. The cut-off date for determining shareholder eligibility for nomination, contest, and voting was August 28, 2026. Remote e-voting will commence on September 22, 2026, and conclude on September 24, 2026. This notice is submitted in compliance with SEBI (LODR) Regulations, 2015.

Punjab National Bank (PNB) has announced changes in its senior management. Shri Nitil Pandya will vacate his office as General Manager, Group Business Management Division, Head Office on August 31, 2026, due to superannuation. Effective September 1, 2026, Sh. Vijay Kumar will move from General Manager, Group Business Management Division, Head Office to General Manager (In-charge), Group Business Management Division, Head Office. Sh. Vijay Kumar is a Bachelor of Commerce and a Certified Associate of Indian Institute of Bankers (CAIIB) with over 35 years of banking experience.

Punjab National Bank (PNB) has announced a review of its Marginal Cost of Funds Based Lending Rates (MCLR) effective September 1, 2026. Most tenors, including overnight, one-month, six-month, and one-year, will see no change in their MCLR. However, the three-month MCLR will increase by 5 basis points to 8.50%, and the three-year MCLR will remain unchanged at 9.10%. The Repo Linked Lending Rate (RLLR) at 8.10% and the Base Rate at 9.50% will also remain unchanged. This update indicates a stable to slightly upward adjustment in lending costs for certain short-to-medium term loans.