Punjab National Bank (PNB), one of India’s leading public sector banks, has once again demonstrated its unwavering support to the nation’s defence and paramilitary forces. Through its flagship Rakshak Plus Scheme, the bank has disbursed a total financial assistance of ₹17.02 crore to the families of 26 deceased personnel as of June 11, 2025. This commendable effort reflects PNB’s commitment to not just financial inclusion but also to the well-being of those who serve and safeguard the nation.
What is the PNB Rakshak Plus Scheme?
The Rakshak Plus Scheme by PNB is a specialised financial protection plan designed specifically for defence, paramilitary, and police personnel. Under this initiative:
- The scheme provides a personal accident insurance cover of ₹1 crore in case of death or permanent total disability.
- In the event of an air accident, the coverage extends up to ₹1.5 crore.
- Partial disability and other comprehensive benefits are also included, tailored to the unique risks faced by uniformed personnel.
This scheme offers more than just monetary value—it stands as a symbol of respect and gratitude for the selfless service and sacrifices made by India’s armed forces.
👉 Learn more about PNB Rakshak Plus Scheme on the official PNB website.
Disbursement Update: ₹17 Crore Extended to Families
According to an official statement released on June 18, 2025, the bank has extended ₹17.02 crore in financial assistance to families of martyrs involved in high-risk operations such as Birli Gali. These were soldiers who made the ultimate sacrifice while performing their duties.
Binay Gupta, PNB’s Chief General Manager (BARM), stated,
“It is our solemn duty to stand by the families of our martyrs. Through the Rakshak Plus Scheme, PNB offers more than financial assistance – it serves as a symbol of our respect and enduring support for their immense sacrifices.”
The bank continues to ensure timely disbursement of these funds, upholding the dignity of bereaved families and reinforcing their commitment to national service.
Related Financial Developments at PNB
In addition to its CSR and welfare activities, PNB has been actively involved in strengthening its financial position and expanding its operational reach:
🏦 Sale of Stake in ISARC
PNB recently sold its entire 21% stake in the India SME Asset Reconstruction Company Ltd (ISARC) for ₹34 crore, as part of its strategic disinvestment. This comes after RBI approved a sponsor change and equity raise from Authum Investment & Infrastructure Ltd.
💼 Profit Surge in Q4 FY25
In its Q4 FY25 financial results, PNB reported a 52% jump in net profit, touching ₹4,567 crore, compared to ₹3,010 crore in the same quarter the previous year.
- Total income rose to ₹36,705 crore, and
- Interest income surged to ₹31,989 crore.
This growth is attributed to strong credit recovery efforts and improved asset quality, with a recovery target of ₹16,000 crore and slippages kept below 1% for FY25.
📊 For complete financials, check the PNB Q4 FY25 results on Economic Times.
PNB’s Vision: Serving Nation Builders
Punjab National Bank continues to operate not just as a banking institution, but as a pillar of national service and social responsibility. Whether it’s helping martyrs’ families through schemes like Rakshak Plus or ensuring financial robustness through strategic divestments, the bank is working on both humanitarian and economic fronts.
Internal Links for Further Reading:
- Check out our Defence News section
- Latest Government Schemes and Assistance Programs
- Banking and Finance Updates
Final Words
In an era where financial institutions often focus on numbers and margins, PNB’s Rakshak Plus Scheme stands as a heartwarming example of compassionate banking. The recent disbursement of ₹17 crore is not just financial aid—it is a gesture of national solidarity, an acknowledgment that those who protect us will never be forgotten.
For more such updates, stay tuned to Today’s News Bro – your trusted source for real, relevant, and responsible journalism.
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