Punjab National Bank — Bonds & AAA (CRISIL) Rating on senior bonds
Bank · Financial Services
Verify this issuer →- Current ratings CARE AA+, CRISIL AA+, Brickwork AA+
- Rating range Current ratings on senior bonds range from AA+ (CRISIL 30 Nov 2020) to AAA (CARE 8 Dec 2025, CRISIL 28 Feb 2025, India Ratings 31 Jul 2023). Current ratings on AT1 / perpetual bonds range from AA (CRISIL 31 Jan 2024) to AA+ (Brickwork 31 Jan 2021, CARE 8 Dec 2025, India Ratings 31 Dec 2021)
- Rating direction, 12 months No rating actions on file
- Watch / negative outlook None in 12 months
- Issuer not cooperating No such actions in 12 months
- Rating withdrawn, 12 months No withdrawal of this issuer's rating in 12 months
- Newest agency rating Dated 8 Dec 2025
- Payment record 2 payment disclosures since 17 Jul 2026: all on time
- Defaults on record No bond marked defaulted
- Traded in the last 30 days 4 of 31 active bonds had an exchange trade
- Exchange filings, 90 days 48 filings on NSE/BSE
A checklist of published facts, not a rating or a view on credit quality. Ratings are the agencies' own; payment record covers NSE disclosures since 17 Jul 2026; "late" means paid more than 3 days after the due date (next-working-day payments are allowed). Rating range covers every current rating on the issuer's active bonds, with each agency's rating date. Rating actions count only when the agency's heading names this issuer, not pools or trusts it originated; a withdrawal is flagged only when the issuer's rating itself is withdrawn, not a single facility. Rating age uses the newest rating date on file and is flagged when older than 12 months. See methodology.
- 31 active bonds tracked from this issuer.
- 0 of 25 tracked bonds with a stated security status are secured. (based on 25 bonds with a disclosed security status)
Punjab National Bank is a bank or financial institution in the Financial Services sector. Coupon rates on outstanding bonds range from 7.10% - 12.00%, paid annually. Bonds mature between 2027 - 2039.
Data sourced from NSDL, BSE, NSE, and registered credit rating agencies. Verify against the issuer's offer document before transacting.
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Maturity Profile
Active bonds maturing, by year. Bar height relative to the tallest year (19 bonds).
Security Type / Instrument Mix
- NCD 31 bonds · 100% · ₹39,425 Cr tracked
Funding Evolution
Based on 25 of 31 active bonds with a known issue date and issue size — the rest are excluded, not assumed zero.
Financial Snapshot
2026-09-30 vs 2026-06-30As filed under SEBI LODR Reg 52(4) / Integrated Filing, filed 16 Oct 2026. Figures are reported facts, not a rating or recommendation.
- AAA 4 bonds · 13%
- AA 20 bonds · 65%
- BBB 1 bond · 3%
- Unrated 6 bonds · 19%
| Agency | Rating | Outlook | Bonds |
|---|---|---|---|
| CARE | AA+ | Stable | 5 |
| CARE | AAA | Stable | 2 |
| CRISIL | AA | Stable | 2 |
| CRISIL | AA+ | — | 2 |
| CRISIL | AA+ | Stable | 2 |
| CRISIL | AAA | — | 2 |
| Brickwork | AA+ | — | 1 |
| Brickwork | AA+ | Stable | 1 |
| India Ratings | AA+ | Stable | 1 |
| India Ratings | AAA | Stable | 1 |
| CRISIL | AA- | — | 2 |
| Brickwork | AA+ | — | 1 |
| CARE | AA+ | — | 1 |
| CARE | BBB+ | — | 1 |
| CRISIL | AA+ | — | 1 |
| ICRA | AA | — | 1 |
| ICRA | AA+ | — | 1 |
| India Ratings | AA+ | — | 1 |
Recent Rating Actions
No rating action history available.
YTM is the market yield from the latest BSE/NSE trade. It shows “—” when that trade is over 30 days old, the bond is under 30 days from maturity, it is a market-linked debenture, or the price failed our checks (hover the dash for the reason). A coupon is never shown as a yield.
Last 30 days, across all outstanding bonds from this issuer.
Interest and redemption payments as broadcast by NSE under SEBI LODR Reg 52(4)/60, across all outstanding bonds from this issuer -- actual disclosed events, not a projected schedule.
| Due Date | Bond | Type | Amount Due | Amount Paid | Status | Filing |
|---|---|---|---|---|---|---|
| 27 Sep 2026 | PNB-8.59%-PERPETUAL-PVT | Interest | ₹2,57,70,00,000.00 | ₹2,57,70,00,000.00 | Paid | XBRL → |
| 21 Sep 2026 | 8.30% UNSECURED RATED LISTED BASEL... | Interest | ₹54,61,00,000.00 | ₹54,61,00,000.00 | Paid | XBRL → |
Source: NSE Debt Centralised Database, per SEBI LODR Reg 52(4)/60. Coverage begins 2 Aug 2026 — history accumulates as disclosures are broadcast.
| Dataset | Count | Freshness |
|---|---|---|
| Credit Ratings (current) | 28 | 2025-12-08 |
| Rating Actions History | 0 | — |
| Secondary-Market Trades | 54 | 2026-11-06 |
| Reg52(4) Payment Disclosures | 2 | 2026-09-27 |
Methodology version 1.0. See full methodology for sources and limitations.
Related Issuers
All issuers →How many active bonds does Punjab National Bank have?
Punjab National Bank currently has 31 active bonds with coupons of 7.10% - 12.00%, maturities spanning 2027 - 2039.
What is Punjab National Bank's credit rating?
The most common current rating on Punjab National Bank's senior bonds is AAA (CRISIL). Ratings on file come from Brickwork, CARE, CRISIL, India Ratings. Other instrument classes: Tier II / subordinated: AAA (CARE) · AT1 / perpetual: AA+ (CARE).
Are Punjab National Bank's bonds secured?
Of the 25 bonds with a disclosed security status, 0 are secured (0%) and 25 are unsecured.
When do Punjab National Bank's bonds mature?
Punjab National Bank's active bonds mature between 2027 - 2039; the nearest matures in Aug 2027; the average tenure is 6.0 Yrs.
What is the average coupon on Punjab National Bank's bonds?
The average coupon across Punjab National Bank's 31 active bonds is 8.70%.
Disclaimer: This page aggregates publicly available data about Punjab National Bank for informational purposes only. Ratings shown are the opinion of the issuing rating agency and are not buy/sell recommendations. RetailBonds.in does not issue its own ratings or investment advice. Verify all data against the issuer’s offer document before transacting.