Punjab National Bank Reports Net Profit of ₹16,904 Crore for FY'26

Punjab National Bank Reports Net Profit of ₹16,904 Crore for FY'26​

Punjab National Bank (PNB) announced its audited financial results for the quarter and year ended March 31, 2026, reporting significant growth in profitability and improvements in asset quality. The bank registered a Net Profit of ₹16,904 Crore for the full fiscal year (FY) 2026.

Financial Performance Highlights​

For FY'26, PNB recorded a Net Profit of ₹16,904 Crore, marking a Year-over-Year (Y-o-Y) growth of 1.6%. The net profit for the fourth quarter (Q4) of FY'26 was ₹5,225 Crore, an increase of 14.4% Y-o-Y, compared to ₹4,567 Crore in Q4 FY'25.

The bank’s Operating Profit for FY'26 stood at ₹29,290 Crore, reflecting a 9.2% Y-o-Y growth over FY'25. Operating Profit for Q4 FY'26 reached ₹7,500 Crore, up 10.7% Y-o-Y from ₹6,776 Crore in Q4 FY'25.

Key financial metrics and growth highlights for the period are detailed below:

Business Operations and Assets​

In terms of asset quality, the Gross Non-Performing Assets (GNPA) declined by ₹6,958 Crore to ₹37,124 Crore as of March 31, 2026, down from ₹44,082 Crore recorded a year earlier. Net Non-Performing Assets (NNPA) declined by ₹681 Crore to ₹3,610 Crore as on March 31, 2026, compared to ₹4,291 Crore on March 31, 2025.

Deposit Growth:

• Savings Deposits increased to ₹5,30,321 Crore, growing by 6.4% Y-o-Y.
• Current Deposits reached ₹79,294 Crore, showing a 5.6% Y-o-Y growth.
• CASA Deposits grew to ₹6,09,615 Crore, recording a 6.3% Y-o-Y growth.
• Total Term Deposit witnessed a 10.9% Y-o-Y growth, reaching ₹11,01,507 Crore as of March 31, 2026.

Advances Growth:

• Total Retail credit increased by 8.3% Y-o-Y to ₹2,80,779 Crore as of March 31, 2026.
• The Core Retail Advances saw a substantial growth of 18.2% Y-o-Y. Within this segment, Housing Loans grew by 11.6% Y-o-Y to ₹1,29,832 Crore, while Vehicle loans posted a 35.1% Y-o-Y growth, reaching ₹35,199 Crore.
• Agriculture Advances grew by 10.7% Y-o-Y to ₹1,99,919 Crore, and MSME Advances increased by 19.9% Y-o-Y to ₹1,95,027 Crore.

Profitability and Capital Adequacy​

Total Income for FY'26 was ₹1,47,017 Crore, reflecting a 6.5% growth Y-o-Y. Non-interest income for the year was ₹18,794 Crore, which grew 15.2% Y-o-Y.

For Q4 FY'26, Total Interest Income was ₹32,157 Crore, growing 0.5% Y-o-Y. The Global Net Interest Margin (NIM) stood at 2.57% for the entire FY'26.

The bank maintained robust capital adequacy:

• The Capital to Risk-Weighted Assets Ratio (CRAR) improved to 17.74% on March 31, 2026, up from 17.01% recorded on March 31, 2025, an improvement of 73 basis points (bps).
• Tier-I Capital improved to 15.15% as of March 31, 2026, up from 14.05% on March 31, 2025.

Digital Transformation and Network Footprint​

The bank’s digital footprint showed significant expansion in Q4 FY'26:

• The number of PNB One Activated users rose to 260 Lakh, up 21% Y-o-Y.
• WhatsApp Banking users increased to 109 Lakh, reflecting a 77% Y-o-Y growth.
• UPI Transactions recorded 323 Crores in Q4 FY'26, a 21% Y-o-Y increase from 267 Crores in Q4 FY'25.
• Digital transactions accounted for 95.16% of the bank's total transactions in Q4 FY'26.

On the physical front, as of March 31, 2026, the bank operates 10,324 domestic branches and 2 international branches, totaling 54,703 touch points including 11,065 ATMs and 33,314 BCs. Among the total branches, 38.4% are located in Rural areas.

Awards and Initiatives​

PNB was recognized with several accolades for its performance and operational excellence in 2026, including the Institutional Excellence Award at Industry Academia Conference (IAC), being named one of the best BFSI Brands by ET Edge BFSI, and receiving the Tech-Driven Operational Excellence Award (Silver) at IBEX India BFSI Tech Awards.

The bank introduced several new digital initiatives in Q4 FY'26, such as the facility for opening Flexi RD through Retail Internet Banking and implementing Multi-Currency World Travel Card Services in both Retail Internet Banking and PNB One.

PNB Stock Price Movement​

As of 1:28 PM, shares of Punjab National Bank are edging higher to ₹109.21, climbing 0.49% in live trading. The stock is showing robust momentum, supported by a high volume of 36.27 million shares traded during the session.