GNPA ratio improved by 90 bps on Y-o-Y basis to 3.19% as on December’25 from 4.09% as on December’24.
FinTech BizNews Service
Mumbai, 19 January 2026: Punjab National Bank today declared its Financial Results for Q3 & 9MFY’26:
Highlights
Net Profit increased Y-o-Y by 13.1% to Rs5,100 Crore in Q3 FY’26 as against Rs4,508 Crore in
Q3 FY’25.
Return on Assets (RoA) improved to 1.06% in Q3 FY’26 from 1.03% in Q3 FY’25.
Operating Profit increased Y-o-Y by 13.0% to Rs7,481 Crore in Q3 FY’26 as against Rs6,621
Crore in Q3 FY’25.
GNPA ratio improved by 90 bps on Y-o-Y basis to 3.19% as on December’25 from 4.09% as
on December’24.
NNPA ratio improved by 9 bps on Y-o-Y basis to 0.32% as on December’25 from 0.41% as on
December’24.
Provision Coverage Ratio (including TWO) improved by 22 bps on Y-o-Y basis to 96.99% as
on December’25 from 96.77% as on December’24.
Book value per share increased to Rs114.09 in Q3 FY’26 from Rs102.02 in Q3 FY’25, marking a
Y-o-Y growth of 11.83%.
Earnings per share rose to Rs4.44 in Q3 FY’26 from Rs3.92 in Q3 FY’25, reflecting a Y-o-Y
growth of 13.27%.
Global Business grew by 9.5% on Y-o-Y basis to Rs28,91,528 Crore as on December’25 from
Rs26,39,991 Crore as on December’24.
Global Deposits registered a growth of 8.5% on Y-o-Y basis to Rs16.60 Lakh Crore as on
December’25 from Rs15.30 Lakh Crore as on December’24.
Global Advances increased by 10.9% on Y-o-Y basis to Rs12.31 Lakh Crore as on
December’25 from Rs11.10 Lakh Crore as on December’24.
RAM Advances grew by 11.0% on Y-o-Y basis to Rs6.62 Lakh Crore as on December’25 from
Rs5.96 Lakh Crore as on December’24.
CD Ratio stood at 74.2% as on December’25 as against 72.6% in December’24.
CRAR improved to 16.77% as on December ’25, up from 15.41% in December ’24, reflecting
an increase of 136 basis points.
Business Performance in Key Parameters
Deposits
Savings Deposits increased to Rs5,15,799 Crore registering a Y-o-Y growth of 4.8%.
Current Deposits increased to Rs76,377 Crore registering a Y-o-Y growth of 9.1%.
CASA Deposits increased to Rs5,92,176 Crore recording a Y-o-Y growth of 5.3%.
CASA Share of the bank stands at 37.1% as on December’25.
Total Term Deposit witnessed a growth of 10.4% on Y-o-Y basis to Rs10,68,114 Crore as
on December’25.
Advances
The Core Retail Advances increased by 18.9% Y-o-Y as on December’25. Within Core
Retail Credit:
• Housing Loan grew by 14.5% Y-o-Y to Rs1,27,364 Crore.
• Vehicle loan posted a growth of 35.7% Y-o-Y to reach Rs33,458 Crore.
Agriculture Advances grew by 9.8% on Y-o-Y basis to Rs1,91,629 Crore.
MSME Advances increased Y-o-Y by 18.1% to Rs1,88,209 Crore.
Asset Quality
Gross Non-Performing Assets (GNPA) declined by Rs6,100 Crore to Rs39,314 Crore as on
December’25 from Rs45,414 Crore as on December’24.
Net Non-Performing Assets (NNPA) declined by Rs603 Crore to Rs3,834 Crore as on
December’25 from Rs4,437 Crore as on December’24.
Profitability
Net Profit for 9MFY’26 stood at Rs11,679 crore, while Operating Profit for the same period
reached Rs21,789 crore.
Total Income for Q3 FY’26 was at Rs37,253 Crore and Rs1,10,698 Crore for 9MFY’26
recording growth of 7.2% and 9.2%, respectively on YoY basis.
Total Interest Income for Q3 FY’26 was at Rs32,231 Crore and Rs96,066 Crore for 9MFY’26
recording growth of 2.8% and 7.0%, respectively on YoY basis.
Non-interest income for Q3 FY’26 was at Rs5,022 Crore and Rs14,632 Crore for 9MFY’26
recording growth of 47.2% and 26.2%, respectively on YoY basis.
Total Interest Expenses stood at Rs21,698 crore for Q3 FY’26 and Rs64,487 crore for
9MFY’26, reflecting a Y‑o‑Y increase of 6.8% and 11.7%, respectively.
Operating Expenses for Q3 FY’26 was at Rs8,074 Crore and Rs24,422 Crore for 9MFY’26,
increasing by 3.2% and 3.6%, respectively on YoY basis.
Capital Adequacy
CRAR increased to 16.77% as on December’25 from 15.41% as on December’24 showing
an improvement of 136 bps.
Tier-I Capital improved to 14.13% as on December’25 from 12.53% as on December’24
(with CET-1 at 12.52% and AT-1 at 1.61% as on December’25).
Tier-II Capital stood at 2.64% as on December’25.
Efficiency/Productivity Ratio
Global Yield on Advances was at 7.69% in Q3 FY’26 and 7.90% for 9MFY’26.
Global Cost of Deposits decreased 15 bps YoY and 9 bps QoQ to reach 5.09% in Q3
FY’26.
Yield on Investment stood at 6.76% in Q3 FY’26 and 6.84% for 9MFY’26.
Business per employee improved to Rs28.57 Crore as on December’25 from Rs26.29 Crore
as on December’24. Business per branch improved to Rs271.18 Crore as on December’25
from Rs250.22 Crore as on December’24.
Net profit per employee improved to Rs20.77 lakh in Q3 FY’26 from Rs18.48 lakh in Q3 FY’25.
Net profit per branch improved to Rs197.16 lakh in Q3 FY’26 from Rs175.87 lakh in Q3 FY’25.
Priority Sector Achievement
Priority Sector Advances exceeded the National Goal of 40% and stands at 42.68% of
ANBC.
Agriculture advances exceeded the National Goal of 18% and stands at 18.17% of ANBC.
Credit to Small & Marginal Farmers exceeded the National Goal of 10% and stands at
10.74% of ANBC.
Credit to Weaker Sections surpassed the National Goal of 12% and stands at 13.83% of
ANBC
Credit to Micro Enterprises surpassed the National Goal of 7.50% and stands at 10.27% of
ANBC.
Financial Inclusion
PMJDY accounts increased to 560.51 Lakhs as on December’25 from 534.14 as on
December’24.
Enrollments under PMJJBY, PMSBY & APY as on December’25 are as under:
(No. In Lacs)
JANSURAKSHA SCHEME ENROLLMENT UP TO 31.12.2024 31.12.2025
Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) 69.32 85.43
Pradhan Mantri Suraksha Bima Yojana (PMSBY) 283.22 332.72
Atal Pension Yojana (APY) 43.79 53.27
Digital Progress and Initiatives
Number of PNB One Activated users increased to 250 Lakh as on 31.12.2025 from
208 Lakh as on 31.12.2024 registering a growth of 20% on Y-o-Y basis.
Number of WhatsApp Banking users increased to 95.4 Lakh as on 31.12.2025 from
52.7 Lakh as on 31.12.2024 registering a growth of 81% on Y-o-Y basis.
Number of UPI Transactions through PNB One increased to 108 Lakhs in Q3 FY’26 from
96.3 Lakhs in Q3 FY’25 registering a growth of 12% on YoY basis.
Number of PNB One Biz users increased to 2.42 Lakhs as on 31.12.2025.
Digital transactions accounted for 94.86% of the Bank’s total transactions in Q3 FY’26.
Total amount sanctioned and disbursed through Digital Lending Journeys crossed
Rs12,672 Crore in Q3 FY’26.
Pradhan Mantri Garib Kalyan Anna Yojana (PMGKAY) has been successfully executed
via CBDC for multiple central & state commodity in Gujarat.
New initiatives undertaken:
o PNB One Upgradation: With enhanced UI/UX with latest technology stack
o PNB One now supports UPI integration (incl. UPI Lite, UPI Mandate and UPI Credit
Line)
o Open Flexi RD Account and Apply Debit Card in different variants now through PNB One
PNB One Registration Facility Exclusively for Deposit and Loan Account Holders
o KYC Updation through WhatsApp Banking
o e-Sign, e-Stamp, and the Land Record System-Master Data are now available on the
Unified Lending Interface (ULI)
o Digi Saarthi (Two-Wheeler Loan), Tractor Xpress, DIGI MSME, and e‑PM SVANidhi
2.0 are among the newly launched digital lending initiatives.
Distribution Network
As on 31 st December 2025, the Bank has 10,261 domestic branches and 2 International
Branches. Out of total no. of branches, Bank has 63.3% branches in Rural & Semi-Urban
areas.
The distribution of branches is as under:
Category No. of Branches %age Share
Rural 3953 38.5%
Semi Urban 2545 24.8%
Urban 2018 19.7%
Metro 1745 17.0%
The bank also has 11,109 ATMs and 32,809 BCs as part of its distribution network making
the total number of 54,179 touch points as on 31.12.2025.
Social Media Presence of the Bank
Facebook: 31,81,611 followers https://www.facebook.com/pnbindia/
X: 4,67,817 followers https://twitter.com/pnbindia
Instagram: 8,86,785 followers https://www.instagram.com/pnbindia
LinkedIn: 2,08,605 followers https://in.linkedin.com/company/pnbindia
YouTube: 3,36,248 subscribers https://www.youtube.com/pnbindia
Threads: 45,312 followers https://www.threads.net/@pnbindia
