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After posting a quarterly net profit of Rs 5,500 crore in the September quarter, Punjab National Bank (PNB) is targeting Rs 6,000 crore in income over the next few quarters, its Managing Director and CEO Ashok Chandra said.
PNB has already posted a net profit of Rs 5,500 crore and is targeting further growth in operating profit, which would also support an increase in net profit, he said.
“We are already at Rs 5,500 crore, and we are aiming to grow the operating profit, despite the treasury loss of around Rs 1,000 crore in this particular quarter compared to September 2025.
“Still, we have maintained the operating profit growth. I think just wait for a few quarters,” he said, in response to a query about when the market can expect PNB to move into the Rs 6,000 crore quarterly bottomline club.
Chandra further said PNB is focusing on expanding its retail, argri and micro, small and medium enterprises (RAM) sector and corporate loan portfolios, with growth in advances across these segments supporting its overall business momentum.
The bank’s retail loan book is growing at over 16 per cent, advances to the MSME segment are expanding by 19-20 per cent, and lending to the agriculture sector is rising more than 18 per cent, he said.
Click here to download Balance Sheet and Financial Results
Financial Performance
- Net Profit: ₹5,532 crore, up 12.8% year-on-year.
- Net Interest Income (NII): ₹11,601 crore, up 10.8% year-on-year.
- Operating Profit: ₹7,532 crore, up 4.2% year-on-year.
- Total Income: ₹38,185 crore, up 5.4% year-on-year.
- Global Business: ₹31.18 lakh crore, up 11.9% year-on-year.
Deposits and Advances
- Global Deposits: ₹17.77 lakh crore, up 9.9%.
- Global Advances: ₹13.41 lakh crore, up 14.7%.
- CASA Deposits: ₹6.26 lakh crore, up 7.3%.
- Housing Loans: ₹1.42 lakh crore, up 14.3%.
- Vehicle Loans: ₹38,234 crore, up 29.6%.
- MSME Advances: ₹2.15 lakh crore, up 19.8%.
- Agriculture Priority Sector Advances: ₹1.71 lakh crore, up 18.1%.
Asset Quality Improves
PNB reported an improvement in its asset quality during the year.
- Gross NPA (GNPA): 2.55%, down from 3.45% a year earlier.
- Net NPA (NNPA): 0.25%, down from 0.36%.
- Gross NPAs: ₹34,190 crore, compared with ₹40,343 crore a year earlier.
- Net NPAs: ₹3,313 crore, compared with ₹4,026 crore a year earlier.
- Capital Adequacy Ratio (CRAR): 17.95%, compared with 17.19% a year earlier.
Digital Banking Growth
- Digital transactions increased to 408 crore from 312 crore, registering growth of 31%.
- WhatsApp Banking users increased to 143 lakh, up 72% year-on-year.
- PNB One users reached 285 lakh, registering growth of 19%.
- PNB One Biz users reached 4.14 lakh, up 112%.
- Digital transactions accounted for approximately 95.7% of the bank’s total transactions.
- Digital lending sanctions crossed ₹22,000 crore during the quarter.
Branch Network
As of September 30, 2026, PNB had:
- Domestic Branches: 10,481
- International Branches: 2
- ATMs: 10,915
- Business Correspondents: 32,276
- Total Touchpoints: 53,672
Click here to download Balance Sheet and Financial Results
