Punjab National Bank (PNB) announced its Q2 FY27 financial results, reporting a net profit of ₹5,532 crore, an increase of 12.8% year-on-year. The bank highlighted strong business momentum, improved margins, and robust asset quality. Key growth drivers included retail, agriculture, and MSME segments, alongside digital transformation initiatives. Management expressed confidence in sustaining profitability and growth through strategic focus on high-yielding advances and operational efficiency.
PNB Reports Strong Q2 FY27 Financials
Punjab National Bank (PNB) has announced its unaudited (reviewed) financial results for the quarter and half-year ended September 30, 2026. The bank reported a net profit of ₹5,532 crore for the second quarter of FY27, marking a significant year-on-year growth of 12.8%.
Key Financial Highlights
The bank’s gross global business reached INR 31.18 lakh crores, with an 11.9% Y-o-Y growth. Advances grew by 14.7% to INR 13.41 lakh crores. Core advances, excluding IBPC, showed a robust Y-o-Y growth of 17.4%. Global deposits reached INR 17.77 lakh crores, with a 9.9% Y-o-Y growth. Net Interest Income (NII) increased by 10.8% Y-o-Y to INR 11,601 crores. Operating profit stood at INR 7,532 crores.
Asset Quality and Capital Adequacy
Asset quality continues to strengthen with the gross NPA ratio declining to 2.55% as of September 30, 2026. The net NPA ratio improved to 0.25%. Capital adequacy ratio stood at 17.95% as of September 30, 2026. The bank has deployed quantum-safe encryption in 246 customer-facing applications and is pioneering quantum technologies in banking.
Strategic Focus and Outlook
PNB is sharpening its focus on profitability by strengthening its savings individual franchise and driving calibrated growth in retail, agri, and MSME segments. The bank is also expanding growth avenues through wealth management services and revamping trade finance modules. Digital transformation remains a key priority, with investments in AI and machine learning. Management expressed confidence in maintaining consistency in growth, profitability, and asset quality improvement.
Source: BSE
