Punjab National Bank has announced a robust performance for the quarter ended March 31, 2026. The bank achieved significant growth, with net profit rising by 14.4% year-on-year to INR 5,225 crores. This sustained performance was supported by a 10.7% growth in gross global business and a marked improvement in asset quality, with GNPA reducing to 2.95% and Net NPA to 0.29% as of March 2026.
Financial Highlights
During the final quarter of FY26, Punjab National Bank demonstrated consistent financial strength. The bank’s operating profit reached INR 7,500 crores for Q4, contributing to a full-year business growth rate of 9.2%, which surpassed the bank’s guidance of 8% to 9%. Advances grew by 12.7% year-on-year to INR 12.59 lakh crores, reflecting strong core business momentum.
Asset Quality and Capital Strength
The bank maintained a rigorous approach to risk management, achieving a sharp reduction in non-performing assets. GNPA fell to 2.95% from 3.95% in the previous year, while the Provision Coverage Ratio (PCR) stood at a healthy 97.14%. Furthermore, the bank remains well-capitalized with a Capital Adequacy Ratio of 17.74% and CET1 capital at 13.62%, providing a comfortable buffer for future regulatory requirements.
Digital Transformation and Future Outlook
Digital adoption continues to be a key pillar of the bank’s strategy, with digital transactions now accounting for over 95% of total operations. The flagship PNB ONE 2.0 app has gained significant traction, and WhatsApp banking users increased by 77% to reach 1.09 crores. Looking ahead, the bank plans to open 250 new branches in the current financial year, focusing on expanding its presence in the Southern and Western regions to drive further growth in the retail, agriculture, and MSME sectors.
Source: BSE
