‘NIM will improve by 10–15 bps by Q4,’ says Ashok Chandra, MD & CEO, Punjab National Bank
PNB’s MD & CEO, Ashok Chandra, expects a 10-15 bps NIM improvement by Q4, driven by green shoots in private capex and margin recovery. The bank anticipates minimal impact from ECL norms and sees GST cuts driving retail and MSME lending. PNB’s recoveries have outpaced slippages for 6-7 quarters, leading to a strong recovery of Rs 3,900 crore. The bank’s subsidiaries are also performing well