Punjab National Bank (PNB) reported a strong performance for Q3 FY26, with net profit increasing to ₹5,100 crore. The bank saw growth in global gross business, deposits, and advances. Asset quality improved, with GNPA reducing to 3.19%. The bank is focused on digital initiatives and customer service improvements, aiming for sustained growth and operational excellence. They have set a target to increase loan growth to 15% and also improve recoveries from written-off accounts.
Financial Performance Highlights
Punjab National Bank (PNB) announced its Q3 FY26 results, showcasing significant improvements across key financial metrics:
- Net profit stood at ₹5,100 crore, a 13.13% year-on-year growth.
- Operating profit increased to ₹7,481 crore, a 13% year-on-year increase.
- Global gross business reached ₹28.92 trillion, with a 9.5% year-on-year growth.
- Global deposits totaled ₹16.60 trillion, up by 8.5% year-on-year.
- Global advances amounted to ₹12.31 trillion, a 10.9% year-on-year increase.
Asset Quality and Provisions
PNB has demonstrated improvements in asset quality:
- Gross NPA reduced to 3.19% as of December 31, 2025, compared to 4.09% in December 2024.
- Net NPA decreased to 0.32% in December 2025.
- The Provision Coverage Ratio (PCR) stands at 96.99% as of December 31, 2025.
The bank has also made additional floating provisions of ₹955 crore on a prudential basis.
Digital Initiatives and HR
PNB is focused on enhancing its digital capabilities:
- Launched the revamped mobile banking application, PNB One 2.0.
- Increased WhatsApp banking users by 81%.
- Appointed Indian women’s cricket captain, Ms. Harmanpreet Kaur as its brand ambassador.
- Adopted a new HR ecosystem driven by Project UDAAN.
Strategic Outlook
PNB aims to enhance its market share by:
- Increasing CASA share within total deposits.
- Enhancing the RAM (Retail, Agriculture, and MSME) portfolio.
- Prioritizing the containment of slippages and improving recovery efforts.
Source: BSE
