PNB Net Profit Up By 13% To Rs5,532 Cr in Q2

GNPA ratio improved by 90 bps on Y-o-Y basis to 2.55% as on September’26 from 3.45% as on September’25.

FinTech BizNews Service    

Mumbai, 16 October, 2026: Punjab National Bank today announced its Financial Results for the Quarter Ended 30th September 2026.

1. Net Profit increased Y-o-Y by 12.8% to Rs 5,532 Crore in Q2 FY’27 as against Rs4,904 Crore in Q2 FY’26.
2. RoA stood at 1.05% in Q2 FY’27, at the same level as 1.05% in Q2 FY’26. 
3. Global Net Interest Margin improved to 2.58% in Q2 FY’27 from 2.50% in Q1 FY’27.
4. CRAR increased to 17.95% as on September’26 from 17.19% as on September’25. 
5. Book value per share (Tangible) improved to Rs111.94 in September’26 from Rs95.92 in September’25.
6. Global Business grew by 11.9% on Y-o-Y basis to Rs31,18,434 Crore as on September’26 from Rs 27,86,673 Crore as on September’25.
7. Global Deposits registered a growth of 9.9% on Y-o-Y basis to Rs 17,77,240 Crore as on September’26 from Rs 16,17,080 Crore as on September’25.
8. Global Advances increased by 14.7% on Y-o-Y basis to Rs 13,41,194 Crore as on September’26 from Rs 11,69,592 Crore as on September’25.
9. CD Ratio stood at 75.5% as on September'26 as against 72.3% in September’25.
10. GNPA ratio improved by 90 bps on Y-o-Y basis to 2.55% as on September’26 from 3.45% as on September’25.
11. NNPA ratio improved by 11 bps on Y-o-Y basis to 0.25% as on September’26 from 0.36% as on September’25.
12. Provision Coverage Ratio (including TWO) improved by 41 bps on Y-o-Y basis to 97.32% as on September’26 from 96.91% as on September’25.
13. Slippage ratio stands at 0.77% as on Q2 FY'27 as compared to 0.71% as on Q2 FY’26.

Business Performance in Key Parameters 

Deposit

1. Savings Deposits increased to Rs 5,42,893 Crore registering a Y-o-Y growth of 6.7%. 
2. Current Deposits increased to Rs 83,053 Crore registering a Y-o-Y growth of 11.9%.
3. CASA Deposits increased to Rs 6,25,945 Crore recording a Y-o-Y growth of 7.3%. 
4. CASA Share of the bank stands at 36.6% as on September’26.

Advances

1. Retail Advances excl. IBPC recorded a Y-o-Y growth of 16.3%. 
2. Housing Loan grew by 14.3% Y-o-Y to Rs1,41,836 Crore. 
3. Vehicle Loan posted a growth of 29.6% Y-o-Y to reach Rs 38,234 Crore. 
4. Agriculture PS Advances grew by 18.1% on Y-o-Y basis to Rs 1,71,156 Crore.
5. MSME Advances increased Y-o-Y by 19.8% to Rs 2,14,619 Crore.

Asset Quality 

1. Gross Non-Performing Assets (GNPA) declined by Rs 6,153 Crore to Rs 34,190 Crore as on September’26 from Rs40,343 Crore as on September’25.
2. Net Non-Performing Assets (NNPA) declined by Rs 713 Crore to Rs 3,313 Crore as on September’26 from Rs4,026 Crore as on September’25.

Profitability 

1. Operating Profit for Q2 FY’27 was at Rs 7,532 Crore and Rs 15,051 Crore for HY1 FY’27 recording growth of 4.2% and 5.2%, respectively on YoY basis.
2. Net Interest Income for Q2 FY’27 was at Rs 11,601 Crore and Rs 22,400 Crore for HY1 FY’27 recording a growth of 10.8% and 6.4%, respectively on YoY basis.
3. Total Income for Q2 FY’27 was at Rs 38,185 Crore and Rs 75,416 Crore for HY1 FY’27 recording a growth of 5.4% and 2.7%, respectively on YoY basis.
4. Total Interest Income for Q2 FY’27 was at Rs 34,585 Crore and Rs 67,482 Crore for HY1 FY’27 recording growth of 8.5% and 5.7%, respectively on YoY basis.
5. Fee based income of the Bank is at Rs 1,954 Crore for Q2 FY’27 increased from Rs1,685 Crore for Q2 FY’26, recording a growth of 16.0% on Y-o-Y basis. 

Efficiency/Productivity 

1. Business per employee improved to Rs 30.66 Crore as on September’26 from Rs 27.62 Crore as on September’25.
2. Business per branch improved to Rs 285.18 Crore as on September’26 from Rs 263.06 Crore as on September’25.
3. Net profit per employee improved to Rs 22.51 lakh in Q2 FY’27 from Rs 19.97 lakh in Q2 FY’26.
4. Net profit per branch improved to Rs 209.37 lakh in Q2 FY’27 from Rs 190.18 lakh in Q2 FY’26.

Financial Inclusion 

1. PMJDY accounts increased to 582.78 Lakh as on September’26 from 550.75 Lakh as on September’25.
2. Enrollments under PMJJBY, PMSBY & APY up to September’26 are as under: 

                       (No. In Lakh) 

Distribution Network 

1. Bank has total touch points of 53,672 as on 30th September 2026.
2. Bank has 10,481 domestic branches and 2 International Branches.  
3. The distribution of branches is as under:

1. The bank also has 10,915 ATMs and 32,276 BCs as part of its distribution network. 

Digital Progress and Initiatives 

1. Number of Digital Transactions increased to ­­408 Crore in Q2 FY’27 from 312 Crore in Q2 FY’26 registering a growth of 31 % on Y-o-Y basis.
2. Number of WhatsApp Banking users increased to 143 Lakh as on 30.09.2026 from 83 Lakh as on 30.09.2025 registering a growth of 72% on Y-o-Y basis.
3. Number of PNB One (Retail M-Banking App with 400+ features) users as on 30.09.2026 is 285 Lakh registering a growth of 19% on Y-o-Y basis.
4. Number of PNB One Biz (Corporate M-Banking App with 225+ features) users as on 30.09.2026 is 4.14 Lakh registering a growth of 112% on Y-o-Y basis.
5. Digital transactions accounted for approximately 95.7% of the Bank’s total transactions in Q2 FY’27.
6. Total amount sanctioned through Digital Lending Journeys crossed Rs 22,000 Crore in Q2 FY’27.
7. New initiatives undertaken:
   • Rolled out DIY digital journeys Saving, Current, and PPF accounts
   • Launched UPI functionality in PNB One BIZ
   • Integrated Credit Card Genie app within PNB One

• Introduction of Family Banking in Retail Internet Banking Services (IBS)
• Multiple nominee facility, Form 15G/H (Form 121) and BBPS-enabled bill payment services in WhatsApp Banking

 Awards and Accolades

1. Recognized as the Runner-Up for ‘Best Bank in MSME Acceleration’ at the 4th ICC Emerging Asia Banking Conclave & Awards.         
2. Honored with the ‘NCRP Collaboration Excellence Award’ by TransUnion CIBIL for outstanding collaboration under NCRP.
3. Recognized for excellence, securing the First Runner-Up position in the IBA–PNB Case Study Competition, Manthan 2025.
4. Awarded the ‘Gold Data Quality Champion Award’ by TransUnion CIBIL in recognition of excellence in data quality.
5. Two members of PNB Parivar are a part of the Indian National Hockey Team which won Gold Medal in Asian Games 2026.

 Social Media Presence of the Bank: (No. of Followers) 

1. Facebook: 35,41,937 followers https://www.facebook.com/pnbindia  
2. X: 4,74,197 followers https://twitter.com/pnbindia
3. Instagram: 11,98,861 followers https://www.instagram.com/pnbindia 
4. LinkedIn: 2,54,681 followers https://in.linkedin.com/company/pnbindia
5. YouTube: 6,16,000 subscribers  https://www.youtube.com/pnbindia
6. Threads: 60,042 followers https://www.threads.net/@pnbindia