PNB aims to bring cost-to-income ratio below 50% in FY26: MD Chandra
Reported by Business Standard, not nibnow. We are not the publisher of this story, only the source is.
Punjab National Bank is working to improve its profitability by aggressively reducing its cost-to-income ratio through expense rationalization. Achieving these targets could signal improved operational efficiency for one of India's largest lenders.
Punjab National Bank (PNB) aims to bring its cost-to-income ratio below 50 per cent in the current financial year and further reduce it to around 45 per cent by 2028-29, said Ashok Chandra, MD and CEO of the country's second-biggest lender. The bank's cost-to-income ratio stood at 50.38 per cent in the first half of the current fiscal year, down from 53.3 per cent in September 2025, as it focuses on rationalising expenses and maximising profitability, he told PTI in an interview. "We are aiming
The cost-to-income ratio is a metric used to assess a company's efficiency by comparing its operating expenses to its total income. A lower ratio generally indicates that a company is more effective at converting revenue into profit.
- •Quarterly financial reports to see if the bank meets its goal of bringing the ratio below 50 percent this fiscal year
- •Updates on the bank's expense rationalization strategies