PNB to hold deposit rates steady, eyes strong credit growth in December quarter

• PNB will keep deposit rates steady despite the recent RBI rate cut, having already adjusted them earlier.
• The bank expects the CRR cut to offset the policy rate impact, receiving ₹15,000 crore liquidity.
• PNB anticipates 11-12% loan growth in the December quarter, driven by strong retail and corporate lending.
• Signs of capital expenditure picking up in sectors like renewable energy and infrastructure are noted.
• PNB is open to mergers or acquisitions if consolidation opportunities emerge in the banking system.

Why It Matters: PNB's deposit rate stability and credit growth forecast affect your finances and the economy.