PNB

Ashok Leyland, one of India’s leading commercial vehicle manufacturers, has entered into a strategic partnership with Punjab National Bank (PNB) to enhance financial accessibility for its dealer network. The collaboration aims to streamline credit facilities and working capital support, enabling dealers to manage inventory and business expansion more efficiently. Through this alliance, both entities seek to promote smoother financial operations, particularly for small and medium-scale dealers across India.

Punjab National Bank (PNB) anticipates generating approximately ₹1,500 crore in treasury income during the third quarter of FY26, following a strong ₹1,800 crore gain in the first half of the year. The state-owned lender expects a gradual rise in net interest margin (NIM)—by five basis points in Q3 and ten basis points in Q4—bringing the full-year guidance to between 2.8% and 2.9%.