Key Financial Figures (Standalone)

Quarterly Performance (Q2 FY2027)

  • Interest Earned: Rs 34,58,482 lakhs (vs Rs 31,87,153 lakhs in Q2 FY2026)
  • Other Income: Rs 3,60,059 lakhs
  • Total Income: Rs 38,18,541 lakhs
  • Interest Expended: Rs 22,98,353 lakhs
  • Operating Expenses: Rs 7,66,994 lakhs (Employee Cost: Rs 4,40,635 lakhs, Other Operating Expenses: Rs 3,26,359 lakhs)
  • Operating Profit: Rs 7,53,194 lakhs
  • Provisions (other than tax): Rs 97,271 lakhs (including Rs 81,689 lakhs for NPAs)
  • Profit Before Tax: Rs 7,43,467 lakhs
  • Tax Expenses: Rs 1,90,244 lakhs
  • Net Profit: Rs 5,53,223 lakhs

Half-Yearly Performance (H1 FY2027)

  • Interest Earned: Rs 67,48,208 lakhs
  • Other Income: Rs 7,54,161 lakhs
  • Total Income: Rs 75,41,614 lakhs
  • Net Profit: Rs 10,78,552 lakhs

Year-over-Year Comparison

Net Profit increased to Rs 5,53,223 lakhs in Q2 FY2027 from Rs 4,90,373 lakhs in Q2 FY2026.

Key Financial Figures (Consolidated)

Quarterly Performance (Q2 FY2027)

  • Total Income: Rs 38,79,110 lakhs
  • Net Profit: Rs 5,89,837 lakhs (after minority interest)
  • Share in Profit of Associates: Rs 35,692 lakhs
  • Minority Interest: Rs 1,969 lakhs

Half-Yearly Performance (H1 FY2027)

  • Total Income: Rs 76,74,485 lakhs
  • Net Profit: Rs 11,71,309 lakhs (after minority interest)

Capital Structure

  • Paid-up Equity Share Capital: Rs 22,98,59 lakhs (Face value Rs 2/- each)
  • Government of India Shareholding: 70.08%
  • Reserves (previous year): Rs 1,29,98,781 lakhs (Standalone), Rs 1,37,31,030 lakhs (Consolidated)

Analytical Ratios (Standalone)

  • Capital Adequacy Ratio (Basel-III): 17.95% (CET 1: 14.44%, Tier 1: 1.45%)
  • EPS (Basic and diluted): Rs 4.81 for quarter, Rs 9.38 for half-year
  • Gross NPAs: Rs 3,41,9017 lakhs (2.55% of advances)
  • Net NPAs: Rs 3,31,327 lakhs (0.25% of advances)
  • Return on Assets (Annualized): 1.05%
  • Net Worth: Rs 1,28,65,723 lakhs
  • Debt-Equity Ratio: 0.88
  • Operating Margin: 19.72%
  • Net Profit Margin: 14.49%
  • Provisioning Coverage Ratio: 97.32%

Segment Information

Business Segments (Revenue)

  • Treasury Operations: Rs 10,67,886 lakhs
  • Corporate/Wholesale Banking: Rs 14,26,346 lakhs
  • Retail Banking: Rs 12,25,249 lakhs (including Digital Banking: Rs 33 lakhs)
  • Other Banking Operations: Rs 99,060 lakhs

Geographical Segments (Revenue)

  • Domestic: Rs 36,57,480 lakhs
  • International: Rs 1,61,061 lakhs

Subsidiaries and Associates

The consolidated results include:

Subsidiaries (5 entities)

  • PNB Investment Services Ltd. (100%)
  • PNB Cards and Services Ltd. (100%)
  • Punjab National Bank (International) Ltd., UK (100%)
  • PNB Gilts Limited (74.07%)
  • Druk PNB Bank Ltd., Bhutan (51%)

Associates (11 entities)

  • PNB Metlife India Insurance Company Ltd. (30%)
  • PNB Housing Finance Limited (28.01%)
  • Everest Bank (20.02%)
  • 8 Regional Rural Banks (35% each)

Additional Provisions and Reserves

  • Floating Provision: Rs 2560 crore held as of September 30, 2026 (Rs 125 crore made during quarter)
  • Additional Provision on Standard Advances: Rs 1150 crore made during quarter
  • Investment Fluctuation Reserve: Rs 4143.55 crore transferred to General Reserve during H1 following RBI discontinuation directive
  • Provision for IBC Accounts: Rs 6762.51 crore held for accounts under Insolvency & Bankruptcy Code
  • Additional Provision for Stressed Assets: Rs 2252.29 crore held for 14 borrowers with exposure ≥ Rs 1500 crore

Asset Quality and Restructuring

  • MSME Restructured Accounts: 1343 accounts involving Rs 267.30 crore
  • COVID-19 Restructured Accounts: 7951 accounts involving Rs 1127.02 crore
  • Co-Lending Arrangements: Rs 757.88 crore outstanding, primarily in MSME & Retail sectors

Cash Flow Statements

Standalone Cash Flow (H1 FY2027)

  • Net Cash from Operating Activities: Negative Rs 3716.94 lakhs
  • Net Cash from Investing Activities: Negative Rs 573.72 lakhs
  • Net Cash from Financing Activities: Negative Rs 4725.30 lakhs
  • Net Change in Cash and Equivalents: Negative Rs 9015.96 lakhs

Consolidated Cash Flow (H1 FY2027)

  • Net Cash from Operating Activities: Negative Rs 3502.81 crore
  • Net Cash from Investing Activities: Negative Rs 610.58 crore
  • Net Cash from Financing Activities: Negative Rs 4784.03 crore
  • Net Change in Cash and Equivalents: Negative Rs 8897.42 crore

Auditors

Limited review conducted by:

  • Ummed Jain & Co. (FRN: 119250W)
  • Prem Gupta & Co. (FRN: 000425N)
  • N K Bhargava & Co. (FRN: 000429N)
  • P A & Associates (FRN: 313085E)