Punjab National Bank (PNB) reported a nearly three-fold rise in consolidated net profit to Rs 5,339 crore for the first quarter of FY2026-27, driven by strong credit growth, improved asset quality and higher digital adoption. The bank’s gross NPA ratio declined to 2.78%, while global business approached Rs 30 lakh crore.
Key Highlights
- PNB’s Q1 FY27 consolidated net profit surged to Rs 5,339 crore, nearly three times higher year-on-year.
- Global business expanded to Rs 29.98 lakh crore, with advances rising 12.7%.
- Gross NPA ratio improved to 2.78%, while Net NPA declined to 0.28%.
- PNB One mobile banking app crossed 270 lakh active users, with digital transactions up 24%.
New Delhi, July 18: State-owned Punjab National Bank (PNB) reported a consolidated net profit of Rs 5,339 crore for the April-June quarter (Q1 FY27), registering a nearly three-fold increase from Rs 1,832 crore recorded in the corresponding quarter of the previous financial year. On a sequential basis, profit also improved by over 2% compared to Rs 5,225.12 crore reported in the January-March quarter, reflecting the bank’s continued operational strength.
According to the bank’s regulatory filing, consolidated total income stood at Rs 37,953.75 crore during the quarter, representing a 2.9% quarter-on-quarter increase from Rs 36,878.02 crore. Although total income was marginally lower than Rs 37,998.84 crore reported in the same quarter last year, the bank maintained healthy profitability through improved operational efficiency and better asset quality.
PNB’s global business expanded to Rs 29.98 lakh crore as of June 30, 2026. Total deposits increased 8.5% year-on-year to Rs 17.24 lakh crore, while global advances grew 12.7% to Rs 12.73 lakh crore. The bank also witnessed robust growth across key lending segments, with vehicle loans rising 34.4% and MSME advances increasing 19.8%, indicating broad-based credit expansion.
The bank reported a significant improvement in asset quality during the quarter. Its Gross Non-Performing Asset (GNPA) ratio declined by 100 basis points year-on-year to 2.78%, while gross NPAs reduced by Rs 7,292 crore to Rs 35,381 crore. The Net NPA ratio further improved to 0.28%, highlighting the bank’s continued focus on strengthening its balance sheet and improving recovery performance.
Digital banking continued to gain momentum, with digital transactions increasing 24% year-on-year to 365 crore transactions. The bank’s flagship PNB One mobile banking platform also crossed 270 lakh active users, reflecting growing customer adoption of digital banking services and enhanced customer engagement.
Investor sentiment remained positive ahead of the results, with PNB shares closing 0.75% higher at Rs 106.01 on the National Stock Exchange (NSE) on Friday. During the past 52 weeks, the stock has traded between Rs 98.50 and Rs 135.15, supported by improving financial performance and stronger fundamentals.
Punjab National Bank delivered a strong start to FY27 with robust profit growth, expanding credit, improving asset quality and rising digital adoption. The results reinforce PNB’s continued financial turnaround and strengthen its position as one of India’s leading public sector banks.
