Punjab National Bank — Credit Ratings, 11-12-2025: Credit Rating

India Ratings (Ind-Ra) reaffirmed Punjab National Bank's (PNB) Long-Term Issuer Rating at 'IND AAA/Stable', along with its Fixed Deposits, Basel III Tier 2, and Senior Infrastructure Bonds. Basel III Additional Tier 1 Bonds are affirmed at 'IND AA+/Stable', and Certificates of Deposit at 'IND A1+'. The ratings reflect PNB's systemic importance, government support, and improving financial health.