Punjab National Bank submitted an analyst presentation detailing its unaudited financial results for the quarter ended June 30, 2026, pursuant to SEBI LODR Regulations.

Financial Performance Highlights

  • Net Profit: ₹5,253 crore in Q1 FY27, showing a 213.6% year-on-year increase from ₹1,675 crore in Q1 FY26 and a 0.5% quarter-on-quarter increase from ₹5,225 crore in Q4 FY26.
  • Net Interest Income: ₹10,798 crore in Q1 FY27, up 2.1% YoY from ₹10,578 crore and 4.0% QoQ from ₹10,380 crore.
  • Other Income: ₹4,333 crore in Q1 FY27, down 17.7% YoY from ₹5,268 crore but up 4.1% QoQ from ₹4,162 crore.
  • Operating Profit: ₹7,519 crore in Q1 FY27, increased 6.2% YoY from ₹7,081 crore and 0.3% QoQ from ₹7,500 crore.
  • Provisions: ₹541 crore in Q1 FY27 (including ₹792 crore for NPAs), increased 67.6% YoY from ₹323 crore and 27.6% QoQ from ₹424 crore.
  • Cost to Income Ratio: 50.31% in Q1 FY27, improved from 55.31% in June 2025 but higher than 48.42% in March 2026.
  • Return on Assets: 1.04% as of June 2026, improved from 0.28% in June 2025.

Business Growth Metrics

  • Global Business: ₹29,97,970 crore as of June 2026, up 10.2% YoY.
  • Global Deposits: ₹17,24,837 crore as of June 2026, up 8.5% YoY with domestic deposits at ₹16,70,177 crore (up 8.6% YoY).
  • Global Advances: ₹12,73,132 crore as of June 2026, up 12.7% YoY with domestic advances at ₹12,03,859 crore (up 11.6% YoY).
  • RAM Advances: ₹6,88,487 crore as of June 2026, up 12.8% YoY with 57.2% share of domestic advances.
  • CASA Ratio: 36.7% as of June 2026, compared to 37.0% in both June 2025 and March 2026.

Asset Quality Indicators

  • Gross NPA: ₹35,381 crore (2.78%) as of June 2026, improved from ₹42,673 crore (3.78%) in June 2025 and ₹37,124 crore (2.95%) in March 2026.
  • Net NPA: ₹3,433 crore (0.28%) as of June 2026, improved from ₹4,132 crore (0.38%) in June 2025 and ₹3,610 crore (0.29%) in March 2026.
  • Provision Coverage Ratio: 97.23% (including TWO) as of June 2026, improved from 92.64% in June 2025.
  • Slippage Ratio: 0.68% (annualized) in Q1 FY27, improved from 0.71% in Q1 FY26 and 0.94% in Q4 FY26.
  • Recovery vs Slippage: Net recovery of ₹2,789 crore against net slippage of ₹2,080 crore (1.3x coverage).

Capital Adequacy

  • CRAR: 18.13% as of June 2026 (Tier 1: 16.03%, CET-1: 14.52%), improved from 17.50% in June 2025 and 17.74% in March 2026.
  • Risk Weighted Assets: ₹9,17,780 crore as of June 2026, increased from ₹8,51,723 crore in June 2025.

Subsidiaries and Associates Performance

  • PNB Housing Finance Ltd: Net profit of ₹279 crore for 12M ending March 2026.
  • PNB Gilts Ltd: Net profit of ₹108 crore for 3M ending June 2026.
  • PNB MetLife India Insurance: Total income of ₹15,917 crore for 12M ending March 2026.
  • Regional Rural Banks: Consolidated net profit of ₹866 crore for 3M ending June 2026, up 77.7% YoY.

Digital Initiatives and ESG Highlights

  • CBDC: 17.22 lakh users with 153.06 lakh transactions.
  • Digital Lending: Progress under major digital offerings including PNB One enhancements.
  • Green Initiatives: ₹8,362 crore sanctioned in renewable energy sector during Q1 FY27; target to achieve Net Zero by 2060.
  • ESG: Introduced PNB Harit Niwas scheme with preferential rates; raised ₹610 crore in green deposits.

Guidance for FY27

  • Credit Growth: 12-13% (Actual June 2026: 12.7%)
  • Deposit Growth: 9-10% (Actual: 8.5%)
  • CASA Share: 38% (Actual: 36.7%)
  • Gross NPA: <2.50% (Actual: 2.78%)
  • Net NPA: <0.30% (Actual: 0.28%)
  • RoA: Above 1% (Actual: 1.04%)
  • NIM: 2.60%-2.70% (Actual: 2.50%)