Punjab National Bank — Credit Ratings, 25-02-2026: Credit Rating

Fitch Ratings affirmed Punjab National Bank's (PNB) Long-Term IDR at 'BBB-/Stable', highlighting strong government support. Fitch also upgraded PNB's Viability Rating to 'bb' from 'bb-', citing improvements in the bank's financial profile, asset quality, capitalisation, and profitability. This upgrade also led to a rise in PNB's Long-Term IDR (xgs) to 'BB(xgs)'.