Punjab National Bank (PNB) reported a 13.1% year-on-year increase in net profit for Q3 FY26, reaching ₹5,100 Crore. Operating profit rose by 13.0% to ₹7,481 Crore. The bank’s asset quality improved, with the GNPA ratio declining to 3.19%. Global Business grew by 9.5% to ₹28,91,528 Crore. PNB has also focused on digital initiatives, enhancing its mobile banking platform and expanding its digital lending capabilities.
Financial Performance Highlights
PNB’s net profit for Q3 FY’26 increased to ₹5,100 Crore, compared to ₹4,508 Crore in Q3 FY’25, marking a 13.1% increase. The Return on Assets (RoA) improved to 1.06%. The bank’s operating profit also saw a significant rise, reaching ₹7,481 Crore in Q3 FY’26 from ₹6,621 Crore in the corresponding quarter of the previous year, a 13.0% increase.
Asset Quality Improvement
The Gross Non-Performing Assets (GNPA) ratio improved by 90 bps on a Y-o-Y basis, standing at 3.19% as of December 2025, compared to 4.09% in December 2024. Similarly, the Net Non-Performing Assets (NNPA) ratio improved by 9 bps to 0.32%. The Provision Coverage Ratio (including TWO) also saw an uptick, improving by 22 bps to 96.99%.
Key Business Growth
The bank’s Global Business grew by 9.5% on a Y-o-Y basis, reaching ₹28,91,528 Crore as of December 2025. Global Deposits registered a growth of 8.5%, totaling ₹16.60 Lakh Crore. Global Advances increased by 10.9% to reach ₹12.31 Lakh Crore.
Advances Portfolio
RAM Advances grew by 11.0% on a Y-o-Y basis to ₹6.62 Lakh Crore. Furthermore, the Core Retail Advances increased by 18.9% Y-o-Y. Specifically, Housing Loans grew by 14.5% to ₹1,27,364 Crore, and Vehicle Loans posted a growth of 35.7% to ₹33,458 Crore.
Digital Initiatives and Other Highlights
PNB reported a significant increase in digital adoption, with PNB One activated users reaching 250 Lakh, a 20% increase. WhatsApp Banking users increased to 95.4 Lakh, reflecting a growth of 81%. CRAR improved to 16.77% as on December ’25.
Profitability Metrics
Book value per share increased to ₹114.09 in Q3 FY’26. Earnings per share rose to ₹4.44 in Q3 FY’26. The Total Income for Q3 FY’26 was ₹37,253 Crore and total interest income for the same quarter was ₹32,231 Crore.
Source: BSE
