Fitch Ratings Affirms Union Bank of India and PNB with Stable Outlook
| Aspect | Details |
|---|---|
| Agency | Fitch Ratings |
| Institutions Rated | Union Bank of India, Punjab National Bank (PNB) |
| Long-Term IDR | 'BBB-' (Stable Outlook) |
| Viability Rating (VR) | Upgraded to 'bb-' from 'b+' |
| Government Support Rating | 'BBB-' |
| Government Ownership | Union Bank: 75%, PNB: 70% |
| Systemic Importance | High probability of government support |
| Union Bank Asset-Quality | Outlook revised to Positive from Stable |
| Union Bank Risk Profile | Upgraded to 'b+' from 'b' |
| PNB Risk Profile | Upgraded to 'b+' from 'b' |
| PNB Impaired-Loan Ratio | Fell to 4.1% (9MFY25) from 5.7% (FY24) |
| PNB Earnings & Profitability | Score revised to 'bb-' from 'b+' |