PNB and CRPF Inks MoU For Insurance, Benefits Under Rakshak Plus

Punjab National Bank (PNB) has entered into a memorandum of understanding (MoU) with the Central Reserve Police Force (CRPF) to extend financial services and enhanced insurance coverage under its flagship scheme, PNB Rakshak Plus. 

The agreement was formalised at the CRPF Directorate General office in New Delhi, signed by Binay Kumar Gupta, Chief General Manager of PNB, and Zaki Ahmad, IPS, Inspector General of Police (ADM), CRPF, in the presence of senior representatives from both organisations. The initiative covers serving and retired CRPF personnel, with benefits also extended to their families and dependents. 

As per news reports, reaffirming its commitment, the bank stated, “The Bank is dedicated to its commitment to the Central Armed Police Forces and will strive to continue doing the same in future as well.”

Sale of Non-Performing Assets

As per the PTI reports, PNB is preparing to offload nearly 100 non-performing asset (NPA) accounts to asset reconstruction companies (ARCs) during this financial year. These accounts are valued between ₹4,000-₹5,000 crore. 

As per news reports, Managing Director and CEO Ashok Chandra noted that the bank expects recoveries in the range of 40-50 per cent, with some accounts potentially yielding full recovery due to strong security coverage. He highlighted that this initiative should provide a meaningful boost to recoveries in the current year.

Growth and Profitability Outlook

Chandra outlined PNB’s ambition to achieve a total business of ₹30 trillion by March 2026, surpassing its official target of ₹29.56 trillion. The bank’s total business currently stands at ₹27.19 trillion, reflecting 11.6 per cent growth in Q1 FY26, keeping it ahead of Canara Bank and Bank of Baroda. 

Read More: PNB Q1 FY26 Earnings Results: Profit Drops 49% to ₹1,675 Crore Due to Higher Taxes!

Punjab National Bank Share Price Performance 

As of August 22, 2025, at 2:06 PM Punjab National Bank share price is trading at ₹105.94 per share, reflecting a decline of 1.14% from the previous day's closing price. Over the past month, the stock has declined by 3.10%. The stock's 52-week high stands at ₹117.98 per share, while its low is ₹85.46 per share.

Conclusion 

Punjab National Bank is reinforcing its social commitment through Rakshak Plus benefits for CRPF personnel and families, while also driving financial strength with an NPA sale worth up to ₹5,000 crore and an ambitious goal of reaching ₹30 trillion in business by FY26.

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