Punjab National Bank (PNB) has disclosed its related party transactions for the half-year ended September 30, 2025. The transactions encompass sitting fees, remuneration, and term deposits involving key management personnel (KMP), subsidiaries such as PNB Gilts Ltd., PNB Investment Services Ltd., associates including PNB Metlife, and other related entities. Key figures and details of these transactions are provided in the disclosure.
Key Related Party Transactions
Punjab National Bank (PNB) has released details of its related party transactions for the period ending September 30, 2025. These transactions involve several key stakeholders and subsidiaries, including key management personnel, subsidiaries, and associate companies.
Transactions with Key Management Personnel (KMP)
The disclosures include transactions such as sitting fees paid to the Non-Executive Chairman, Sh. K. G. Ananthakrishnan, remuneration to the Managing Director & CEO, Sh. Ashok Chandra, and other Executive Directors. It also covers term deposits and remuneration for key managerial personnel who demitted office during the period.
Subsidiary Transactions: PNB Gilts Ltd.
Significant transactions were conducted with PNB’s subsidiary, PNB Gilts Ltd. These include:
- Rent received: ₹103.32 Lacs
- Securities Purchase/Subscription: ₹479,984.90 Lacs
- Processing fees received: ₹306.80 Lacs
- Interest received: ₹105.42 Lacs
- Term Deposits
- Interest Accrued on Term Deposits: ₹1246.07 Lacs
Transactions with PNB Investment Services Ltd.
Transactions with PNB Investment Services Ltd, another subsidiary, include Rent Income of ₹22.86 Lacs and Security Trusteeship services.
Transactions with Associate Companies
Transactions with associate companies like PNB Metlife India Insurance Co. Ltd. include premiums, commissions, and interest related transactions. For example, Interest Paid on term deposits amounted to ₹16.00 Lacs and Commission received totaled ₹5363.00 Lacs .
Transactions with PNB Housing Finance Ltd.
Transactions were also carried out with PNB Housing Finance Ltd, including interest received and payments for assignment of loans.
Transactions with Regional Rural Banks (RRBs)
The disclosures incorporate transactions with several Regional Rural Banks (RRBs), including Tripura Gramin Bank, Punjab Gramin Bank, and Sarva Haryana Gramin Bank, Himachal Pradesh Gramin Bank and others. These primarily involve interest paid/received and bank charges.
International Transactions
The announcement contained information on transactions with Punjab National Bank (International) Ltd., including inter-bank placements, forex deals and rent received.
Source: BSE
