- Gross NPA ratio improves to 3.45%; global business up 10.6% year-on-year to ₹27.86 lakh crore
- Retail, agriculture, and MSME segments drive credit expansion; digital transactions soar 31%
- MD & CEO Ashok Chandra reaffirms commitment to transparency under Finance Ministry’s ‘Your Money, Your Right’ campaign
NE BUSINESS BUREAU
AHMEDABAD, OCT 19:
Punjab National Bank (PNB) on Saturday reported a 14% year-on-year rise in net profit to ₹4,904 crore for the July–September quarter of FY26, supported by robust business growth, better asset quality, and higher digital adoption. The lender had posted a profit of ₹4,303 crore in the same quarter last year.
Operating profit for Q2 stood at ₹7,227 crore, while total income increased 5.1% year-on-year to ₹36,214 crore. On a half-yearly basis, income reached ₹73,445 crore, up 10.3%, with operating profit at ₹14,308 crore, a rise of 6.5% over H1FY25.
Net interest income (NII) for H1FY26 improved slightly to ₹21,047 crore, while the net interest margin (NIM) for domestic operations was 2.72%.
Asset Quality Strengthens
PNB’s asset quality continued to improve, with gross NPAs declining to ₹40,343 crore, translating into a gross NPA ratio of 3.45%, down from 4.48% a year ago. Net NPAs fell to ₹4,026 crore (0.36%) from 0.46% last year. The provision coverage ratio (PCR) also improved to 96.91%.
Strong Business and Digital Momentum
The bank’s global business grew 10.6% year-on-year to ₹27.86 lakh crore, supported by advances and deposit growth. Global deposits rose 10.9% to ₹16.17 lakh crore, while CASA deposits touched ₹5.83 lakh crore, with a CASA ratio of 37.29%.
Total advances stood at ₹11.69 lakh crore, led by strong momentum in retail (up 18.1%), housing loans (up 12.9%), and vehicle loans (up 30.9%).
On the digital front, PNB reported a 31% rise in digital transactions to 313 crore, a 53% surge in UPI transactions via PNB One, and a near doubling of WhatsApp Banking users to 83.4 lakh.
Business efficiency also improved, with business per employee rising to ₹27.62 crore and business per branch to ₹263.06 crore.
MD & CEO’s Remarks
Commenting on the results, Ashok Chandra, Managing Director & CEO of Punjab National Bank, said: “Our performance this quarter reflects our consistent focus on sustainable growth, asset quality, and customer-centric digital transformation. We remain fully aligned with the Finance Ministry’s ‘Your Money, Your Right’ campaign, reinforcing transparency, trust, and financial literacy among our customers. At PNB, empowering every account holder with knowledge and access is at the heart of our mission.”
He added that the bank will continue to leverage technology and responsible banking practices to strengthen its financial inclusion initiatives.
Executive Directors M. Paramasivam, Bibhu P. Mahapatra, and D. Surendran were also present at the virtual press conference announcing the quarterly results.
