Punjab National Bank (PNB) reported a net profit of ₹4,904 Crore for Q2 FY26, a 14.0% year-on-year increase. The bank’s ROA improved to 1.05%. Asset quality also saw improvement, with GNPA reducing to 3.45% and NNPA to 0.36%. The bank’s global business reached ₹27,86,673 Crore, driven by growth in both deposits and advances.
Financial Performance Highlights
PNB showcased robust financial results for Q2 FY26, demonstrating strong growth and improved asset quality. Key highlights include:
- Net Profit: Increased to ₹4,904 Crore, a 14.0% YoY growth.
- Return on Assets (ROA): Improved to 1.05%.
- Book Value Per Share: Increased to ₹95.92, reflecting a 21.1% YoY growth.
- Operating Profit: Reached ₹7,227 Crore, a 5.5% YoY increase.
Asset Quality Improvement
The bank demonstrated notable improvements in asset quality, contributing to its enhanced financial performance:
- Gross NPA (GNPA): Reduced to 3.45%.
- Net NPA (NNPA): Decreased to 0.36%.
- Provision Coverage Ratio (PCR): Improved to 96.91%.
- Slippage Ratio: Maintained at 0.71%.
Business Growth
PNB achieved substantial growth in its overall business, driven by increases in both deposits and advances:
- Global Business: Increased to ₹27,86,673 Crore, a 10.6% YoY growth.
- Global Deposits: Reached ₹16,17,080 Crore, a 10.9% YoY increase.
- Global Advances: Increased to ₹11,69,592 Crore, a 10.1% YoY growth.
- RAM Advances: Reached ₹6,35,417 Crore, a 12.7% YoY increase.
Profitability Ratios
Key profitability ratios reflect PNB’s strong financial health:
- Return on Equity (Annualized): 17.95% in Q2 FY26.
- Earning Per Share (Not Annualized): Increased to ₹4.27 in Q2 FY26.
Capital Adequacy
PNB maintains a strong capital position, as indicated by the following:
- CRAR: 17.19% as of September 2025.
- CET1: 12.75% as of September 2025.
Source: BSE
