Indian public sector financial institution Punjab Nationwide Financial institution (PNB) has an publicity of round Rs 300 crore to Vodafone Thought (Vi) and isn’t exploring any additional lending to the telecom operator at current, the financial institution’s Managing Director and Chief Government Officer, Ashok Chandra, instructed ETBFSI on Monday throughout the financial institution’s Q3 FY26 earnings name, in response to a report dated January 20, 2026.
Additionally Learn: DoT to End Vodafone Thought AGR Dues Reassessment by Finish-February
PNB maintains no-fresh-exposure stance
“PNB has Rs 300 crore publicity to Vodafone, and as of now, we have now not explored any additional publicity on this explicit account,” Chandra was quoted as saying.
In its Q3 disclosures, Punjab Nationwide Financial institution highlighted a calibrated strategy to company lending, with incremental progress pushed by better-rated debtors and tighter threat filters. The financial institution additionally goals to extend the retail, agriculture and MSME (RAM) share in advances from the present 56.7 per cent to 60 per cent.
Earlier in 2024, PNB had additionally reportedly declined Vodafone Thought’s request for recent lending. Extra on this right here:
Additionally Learn: PNB Turns Down Vodafone Thought’s Request for Contemporary Financing
Vodafone Thought receives revised AGR compensation schedule
Earlier this month, Vodafone Thought knowledgeable inventory exchanges that it had acquired a communication from the Division of Telecommunications (DoT) granting important reduction by means of a revised compensation construction for its AGR liabilities.
In line with the disclosure, the corporate’s Adjusted Gross Income (AGR) dues—together with principal, curiosity, penalty and curiosity on penalty for the interval from FY2006-07 to FY2018-19—have been frozen as of December 31, 2025.
Beneath the revised fee plan, Vodafone Thought can pay a most of Rs 124 crore yearly from March 2026 to March 2031. This might be adopted by annual funds of Rs 100 crore from March 2032 to March 2035.
