Punjab National Bank (PNB) has reported robust financial performance for Q4 FY2026, delivering a net profit of ₹5,225 crore, marking a 14.4% year-on-year increase. The bank saw a significant reduction in gross non-performing assets to 2.95% and demonstrated healthy business growth, with global business reaching ₹29,69,685 crore. These results underscore the bank’s operational efficiency, successful digital transformation initiatives, and its ongoing commitment to asset quality improvement and sustainable long-term growth.
Robust Financial Performance
Punjab National Bank (PNB) concluded the fourth quarter of FY2026 with a strong financial showing. The bank reported a net profit of ₹5,225 crore, reflecting a solid 14.4% growth compared to the same period last year. Operating profit also saw a healthy increase of 10.7% YoY, reaching ₹7,500 crore. The return on assets (ROA) stood at 1.06%, demonstrating sustained profitability.
Asset Quality Improvements
A key highlight of the Q4 FY2026 performance is the consistent improvement in asset quality metrics. The Gross Non-Performing Assets (GNPA) ratio improved significantly to 2.95%, a reduction of 100 basis points year-on-year. Similarly, the Net NPA ratio declined to 0.29%. The bank’s Provision Coverage Ratio (PCR) remains strong at 97.14%, reflecting prudent risk management and provisioning strategies.
Business Growth and Digital Expansion
PNB continues to expand its reach, with global business reaching ₹29,69,685 crore, an increase of 10.7% YoY. Global deposits grew by 9.2% to ₹17,11,126 crore, while global advances rose by 12.7% to ₹12,58,559 crore. The bank is also reaping the benefits of its digital initiatives, with digital transactions reaching 337 crore and the number of PNB One activated users growing by 21% to reach 260 lakh.
Future Outlook
Looking ahead to FY2027, PNB has set ambitious guidance, aiming for 12%-13% in credit growth and 9%-10% in deposit growth. The bank remains focused on maintaining asset quality, targeting a Gross NPA of < 2.50% and continuing its commitment to sustainable financing and digital modernization across its extensive branch network of 10,324 domestic branches.
Source: BSE
