PNB Q1 FY26 Results : Record Operating Profit and Strong Growth Across Key Segments

Lucknow | 30, July 2025 : Punjab National Bank (PNB) has released its financial results for the first quarter of FY26, showcasing an impressive performance. The PNB Q1 FY26 Results highlight a historic ₹7,081 crore in operating profit, the highest ever reported by the bank.

Business Expansion: Double-Digit Growth in Deposits and Advances

As of June 30, 2025, PNB’s global business reached ₹27.19 lakh crore, marking an 11.6% year-on-year growth.

• Global deposits grew by 12.9% YoY to ₹15.89 lakh crore.
• Global advances increased by 9.8% YoY to ₹11.29 lakh crore.

These results reflect strong traction across all business segments.

Asset Quality Continues to Improve

PNB maintained its focus on improving asset quality. As a result:

• Gross NPA reduced to 3.78%, improving by 120 basis points YoY.
• Net NPA dropped to 0.38%, a 22-bps improvement.
• Provision Coverage Ratio (including write-offs) increased to 96.88%.
• Credit cost fell to 0.14%, from 0.32% in Q1 FY25.

These metrics show the bank’s successful risk management efforts.

Profitability: Strong Growth and Higher Margins

The bank’s net interest income (NII) rose to ₹10,578 crore, a 1% increase YoY.

• Profit before tax climbed by 28.3% to ₹6,758 crore.
• Total income surged 15.7% YoY to ₹37,232 crore.
• Fee-based income also grew by 8.3%, reaching ₹2,250 crore.

The PNB Q1 FY26 Results clearly indicate strong revenue generation and improved efficiency.

Retail and MSME Credit Lead Growth Momentum

PNB’s total retail credit rose by 11.8% YoY to ₹2.62 lakh crore. Within this:

• Home loans grew by 16.6%.
• Vehicle loans saw a 25.3% surge.
• MSME loans rose 18.6% to ₹1.69 lakh crore.

These figures underline the bank’s growing support to individuals and small businesses alike.

Digital Banking and Inclusion See Strong Uptake

PNB is making significant progress in digital transformation:

• Digital transactions hit 294 crore, up 32% YoY.
• PNB One users rose to 2.23 crore, marking 19% growth.
• WhatsApp banking users more than doubled to 69.7 lakh.

Moreover, financial inclusion efforts expanded with over 5.39 crore PMJDY accounts and millions of enrollments under social security schemes.

Productivity and Capital Strength Show Solid Gains

PNB improved on several productivity and efficiency fronts:

• Business per employee rose to ₹27.30 crore.
• Business per branch touched ₹257.39 crore.
• Net profit per employee stood at ₹6.98 lakh.

Additionally, CRAR (Capital to Risk-Weighted Assets Ratio) improved to 17.50%, with Tier-I capital at 14.62%.

Recognitions and Awards Reflect Operational Excellence

The bank earned multiple accolades, including:

• Winner in fraud management and recovery under EASE 7.0.
• 1st position in Digital Payments under PSB category.
• Cyber Security Team of the Year at IBA CISO Summit.
• Awards at Infosys Finacle Innovation and National Cost Management.

These honors affirm PNB’s leadership in innovation, security, and service excellence.

The PNB Q1 FY26 Results present a strong financial and operational outlook. With record profits, improved asset quality, and expanding digital reach, PNB continues to strengthen its position as one of India’s leading public sector banks.

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