iTechGuides is reader-supported. When you buy through links on our site, we may earn an affiliate commission. As an Amazon Associate I earn from qualifying purchases. Learn more
Punjab National Bank (PNB) expects its credit-card business to produce about Rs 200 crore in income every quarter from financial year 2028 (FY28), according to Managing Director and CEO Ashok Chandra. The figure is management guidance, not audited FY28 performance. PNB’s nearer-term target is to exceed 13 lakh cards by the end of FY27, which means the bank is treating cards as a significant future fee-income business rather than a small add-on product.
When does PNB expect Rs 200 crore a quarter from credit cards?
PNB says the roughly Rs 200 crore quarterly income ambition begins in FY28, the financial year starting in April 2027. Chandra’s statement, reported by ET BFSI on October 27, 2026 (October 26 UTC), describes a forward target; no source reports that PNB has already achieved this quarterly run rate, and no audited FY28 results yet exist.
The guidance should therefore be read as a business objective tied to expansion of the card base, product relaunches and higher usage. It is not a forecast of net profit, nor evidence that Rs 200 crore has been earned in any quarter.
Free tools Windows power users keep installed
One-click scans. No signup required.
How many credit cards is PNB targeting by FY27?
PNB is aiming to cross 13 lakh cards by the end of FY27, or the financial year ending March 2027. Chandra said the bank had around 11 lakh cards at the time of the latest interview. That reported base is substantially above the 6.04 lakh cards PNB disclosed for March 2025.
Popular on Amazon
- QUICK ACCESS: Unlike traditional leather wallet, this mens slim wallet is equipped with the ejection mechanism. Simply press the side button on the card holder, all cards pop up at a step pattern that makes them very easy & convenient to take out.
- SLIM BODY, LARGE CAPACITY: This mens minimalist wallet holds up to 12+ cards. The aluminium chamber holds 6-8 and the leather flap holds 4-6 (1 ID window included). There are also removable money clips on the back capable of holding 15+ cash.
- CLEAR ID WINDOW: On the inside of the carbon fiber wallet, which has an ID card holder slot, which allows you to swipe the card without removing the card. It can be used to store ID card, work card, driver license, access card, traffic card, etc.
- RFID BLOCKING: This rfid wallet for men embeds a chip in the aluminum card case to block unknown scanning devices from scanning your credit cards, debit cards, and driver's licenses, maximizing the protection of your personal property.
- PERFECT PRESENT IDEA: This leather wallet is packaged in a beautiful premium box and it is great choice for men. It is a perfect credit card wallet for your friend, lover, parent or yourself on special Days.
Earlier management comments show how quickly the target has been revised as the platform expanded:
| Date or period | Reported card base or target | Source and status |
|---|---|---|
| March 2025 | 6.04 lakh cards | Baseline cited in the October 2026 report |
| January 20, 2026 | About 6 lakh then; 10 lakh by March 2026 and 20 lakh by March 2027 | Executive Director Bibhu Prasad Mahapatra, Financial Express; management targets |
| March 31, 2026 | About 9 lakh; nearing 10 lakh at the time of ET Now’s report | ET Now snapshot; the report said the platform had taken about five months to build and scaling began in November 2025 |
| March 2026 | About 9 lakh cardholders, up from 6.6 lakh a year earlier | Hubbis snapshot, published in August 2026 |
| October 2026 | About 11 lakh; more than 13 lakh targeted by FY27-end | Ashok Chandra, ET BFSI; latest guidance |
These are dated snapshots from separate interviews and publications, not a single audited time series. Differences between roughly 9 lakh, nearly 10 lakh and 11 lakh reflect when each interview was conducted and how the figure was described; they should not be averaged into one number.
What is PNB doing to grow the card business?
Chandra said PNB is rebuilding its card platform around digital infrastructure, new schemes and partnerships. The bank’s stated plan is intended to make acquisition, servicing and transaction growth easier at larger scale.
Also popular on Amazon
- SLIM BODY WITH LARGE CAPACITY：This mens wallet measures 4.3 x 3.2 x 0.6 inches and can hold 14 cards and 10+ bills. The slim design makes it perfect for fitting into all kinds of pockets, offering great portability.
- QUICK CARD SLOTS & CASH SLOT：On the front of this minimalist wallet for men, there are 2 quick-access card slots for easy retrieval while traveling or shopping. The cash slot allows you to quickly access and store cash without having to fold bills multiple times.
- DOUBLE ID WINDOWS：This card wallet for men specifically features 2 clear ID windows for holding ID cards and driver's licenses, enabling fast and convenient access to your information.
- FID BLOCKING：This rfid wallet is lined with a special RFID-blocking material that shields against 13.56 MHz and higher frequency signals. This prevents unauthorized scanning and data theft from your chips, offering comprehensive protection for your identity and financial information.
- PERFECT GIFT IDEA FOR MEN：Crafted with high-quality materials, this leather wallet for men combines practicality for mens everyday needs, making it an ideal gift for birthdays, anniversaries, Christmas, Valentine’s Day, Father’s Day, or other special occasions.
Digital infrastructure
Upgraded technology is the foundation for issuing and managing more cards, supporting digital applications and handling customer servicing. PNB has not published a complete technical specification or a quantified contribution from each technology project.
New schemes
New card schemes are meant to broaden the product range and give customers more reasons to apply and spend. The available guidance does not specify the rewards rates, fees or launch dates for each scheme, so those commercial details remain product-specific.
Tie-ups
Partnerships can provide distribution, merchant offers or co-branded propositions. PNB identifies tie-ups as a growth lever but has not, in the cited statements, listed a complete set of counterparties or assigned an income target to each arrangement.
Also popular on Amazon
- Material: Genuine leather and PVC card slots.
- Size: 4.72"*3.15"*0.7" (12*8*1.8 CM)
- Large Capacity: The card holder has 26 cards slots. It is enough room for your ID card, credit cards, gift cards and dicounted cards. Small size is perfect to fit in your pockets or handbags.
- RFID Blocking: RFID Blocking designed lining keeps your vital information Secure. Be safe and protected from Electronic Pick pocketing.
- Great Gift Idea: Great gift for mother, daughter, grandmother and so on.
What is PNB Luxura, and how does it differ from the main card expansion?
PNB Luxura is the bank’s premium metal-card proposition for high-net-worth customers. It is a higher-end segment within the broader card strategy, not a replacement for the mass-market volume target.
| Measure | PNB mainstream card expansion | PNB Luxura |
|---|---|---|
| Audience | Broad customer base | High-net-worth customers |
| Scale discussed by management | More than 13 lakh total cards by FY27-end | 100,000-customer or card ambition |
| Reported current scale | About 11 lakh in the latest October 2026 report | Nearly 25,000 customers in ET Now; about 27,000 in Hubbis |
| Strategic role | Platform-led volume and fee income | Premium positioning and affluent-customer acquisition |
| Evidence | Management targets and dated reported snapshots | Management target and dated reported snapshots |
The Luxura figures also vary slightly by report because they are dated snapshots. Both ET Now and Hubbis cite a target of 100,000, while their reported customer counts are approximately 25,000 and 27,000 respectively.
How does the card plan fit PNB’s wider strategy?
Cards are one part of PNB’s effort to expand non-interest income. The bank is also preparing a wealth-management offering, indicating a broader push to earn fees from products and services beyond lending spreads.
Also popular on Amazon
- QUICK CARDS ACCESS: This minimalist wallet for men features a smooth pop-up mechanism. Just press the side button, and the cards slide out in a stepped layout for easy access.
- SLIM BODY WITH LARGE CAPACITY: Despite being slim at only 0.6 inches thick, this card wallet for men can hold 10-12 cards. The aluminum chamber holds 6-8 and the leather flap holds 4 (2 ID windows included). The money clip on the back holds 10+ bills.
- DOUBLE ID WINDOWS: KAFELLON designed the first pop up wallet on the market with 2 ID windows, based on real user needs. It's perfect for holding your ID and driver's license for quick access and quick view.
- RFID BLOCKING: This rfid blocking wallet features a built-in RFID-blocking layer that blocks unauthorized scans, protecting your finances and personal information.
- PERFECT GIFT IDEA: This money clip wallet combines a modern design with great practicality and comes with an elegant gift box. It's the perfect gift for men on Christmas, Valentine’s Day, Father’s Day, and other special occasions.
In its wealth-management build-out, PNB has highlighted a customer-relationship-management rollout as an initial step. That infrastructure could support cross-selling, although the cited reports do not quantify any direct link between wealth-management revenue and the card target.
What should investors watch before treating the target as achieved?
- Card additions: whether PNB moves from about 11 lakh to more than 13 lakh by March 2027.
- Activation and spending: card count alone does not show how many accounts are active or how much customers spend.
- Income disclosure: PNB would need to report actual quarterly card income from FY28 before the Rs 200 crore figure can be assessed as an outcome.
- Credit quality: rapid growth must be accompanied by monitoring of delinquencies, provisioning and customer acquisition costs.
- Product execution: digital systems, schemes and tie-ups must launch at sufficient scale to support the stated economics.
At present, the evidence establishes management’s targets and the rapid increase in reported card numbers, but not the eventual quarterly income result.
The Tool Desk
Outbyte PC Repair FREEClear out junk files and repair common Windows errorsFree Scan →Outbyte Driver Updater FREEFix the driver behind crashes, sound loss and screen glitchesFind Drivers →Frequently Asked Questions
Is PNB’s Rs 200 crore credit-card figure a result or a forecast?
It is a management ambition for quarterly card income beginning in FY28, as described by MD Ashok Chandra in October 2026. No audited FY28 quarter has reported that amount.
Also popular on Amazon
- Refined Material: Crafted with high-quality vegan leather, the Chelmon women's bifold wallet feels great to the touch. The zipper and stitching have undergone rigorous testing to ensure exceptional durability
- RFID Blocking: The Chelmon women's slim card wallet, with military-grade RFID blocking, protects sensitive info and cards from electronic theft. Our credit card holder ensures the security of your financial and personal data
- Multi-card Capacity: Designed with 14 card slots, 1 ID slot, and 1 zippered pocket, this wallet ensures comfortable storage for all your credit cards, ID card, driver's license, and various tickets. The zippered pocket is ideal for coins and small items
- Slim Size: Measuring (L) 5.5" x (W) 3.2" x (H) 0.4", this women's credit card holder is sleek and compact, easily fitting into your handbag or pocket without adding bulk
- Perfect Gift: With its fashionable design and compact profile, the Chelmon small women's wallet is a perfect gift for your beloved on Valentine's Day, Thanksgiving, Mother's Day, New Year, Christmas, birthdays, anniversaries, and any other important date
What does FY27-end mean for PNB’s card target?
It refers to the end of the financial year ending March 2027. PNB’s stated goal is to have more than 13 lakh cards by then.
Why do reports give different PNB card counts for 2026?
The figures come from interviews and reports published at different dates, including January, March, August and October 2026. They are snapshots rather than contradictory audited totals.
Is PNB Luxura a separate bank from PNB’s regular card business?
No. Luxura is a premium metal-card proposition within PNB, aimed at high-net-worth customers. Its reported customer base and 100,000 ambition are a subset of the bank’s wider card strategy.
Quick wins for a faster PC:
Repair Windows errors before they cause bigger problemsFix Now →Fix the driver behind crashes, sound loss and screen glitchesFind Drivers →Clear out junk files and repair common Windows errorsFree Scan →Quick Recap
Product prices and availability are accurate as of the date/time indicated and are subject to change. Any price and availability information displayed on Amazon at the time of purchase will apply.
