Punjab National Bank reported standalone net profit of ₹16,904 crore for FY2025-26, representing a marginal 1.6% increase from the previous year's ₹16,630 crore, achieved despite moving to the New Tax Regime and providing for an additional tax burden of ₹3,324 crore. Total income grew 6.5% to ₹1,47,017 crore, with interest income at ₹1,28,223 crore (5.3% growth) and other income showing robust 15.2% growth to ₹18,794 crore.
Business performance was strong with global business growing 10.7% to ₹29.70 lakh crore, comprising advances of ₹12.59 lakh crore (12.7% growth) and deposits of ₹17.11 lakh crore (9.2% growth). RAM advances reached ₹6.76 lakh crore with 12.1% growth, contributing 56.6% to domestic advances. Retail, agriculture, and MSME segments showed particularly strong growth of 18.2%, 10.7%, and 19.9% respectively.
Asset quality improved significantly with Gross NPAs declining to ₹37,124 crore (2.95% from 3.95%) and Net NPAs reducing to ₹3,610 crore (0.29%). Provision Coverage Ratio strengthened to 97.14%, and total recovery stood at ₹15,501 crore including ₹11,990 crore in cash recovery. Capital adequacy remained robust with CRAR at 17.74% and Tier 1 ratio at 15.15%.
The Board recommended a final dividend of ₹3.00 per equity share (150% of face value) for FY2025-26, subject to shareholder approval at the AGM with record date of June 13, 2026. However, the bank faced governance challenges with multiple board vacancies causing non-compliance with SEBI LODR regulations, non-functional committees during parts of the year, and regulatory penalties including a ₹5,000 BSE fine.
Strategic initiatives included digital transformation with over 350 features on mobile/internet banking, appointment of Harmanpreet Kaur as brand ambassador, launch of PNB Luxura metal credit card, and publication of the inaugural Sustainability Report with Net Zero targets. The bank also reported 20 sexual harassment complaints during the year with 17 disposed and 3 pending within statutory timeline.
Consolidated performance showed net profit of ₹18,392.69 crore with total assets of ₹20,33,330.95 crore. Segment reporting highlighted Treasury (₹11,371 crore result), Retail Banking, and Corporate/Wholesale Banking (₹12,387 crore result) as major contributors. Employee benefit provisions included estimated pension contribution of ₹990 crore and total fraud provisions of ₹4,748 crore for 544 cases involving ₹10,552 crore.