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Punjab National Bank (PNB) reported a 12.8% year-on-year increase in standalone net profit to ₹5,532 crore for the second quarter ended September 30, 2026 (Q2 FY27). The state-owned lender announced its earnings after market hours today, driven by steady growth in core interest income and lower provisioning requirements.
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.
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- 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
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