PNB Q3 FY26 Financial Results: Net Profit Rises 13.1% to ₹5,100 Crore

New Delhi | January 19, 2026: Punjab National Bank (PNB), the country’s leading public sector lender, reported strong performance in the third quarter and nine months ended FY26. The PNB Q3 FY26 financial results reflect steady profit growth, improved asset quality, and strong expansion across retail, MSME, and digital banking.

Strong Profit Growth in Q3 and 9MFY26

PNB recorded a net profit of ₹5,100 crore in Q3 FY26, marking a 13.1% year-on-year growth. In the same quarter last year, profit stood at ₹4,508 crore.

Meanwhile, operating profit rose 13% to ₹7,481 crore. Return on Assets (RoA) also improved to 1.06%, highlighting better operational efficiency.

For the nine-month period, net profit reached ₹11,679 crore, while operating profit stood at ₹21,789 crore.

Asset Quality Continues to Improve

Asset quality strengthened further during the quarter.

• GNPA ratio declined to 3.19% from 4.09% last year
• NNPA ratio improved to 0.32% from 0.41%
• Gross NPAs reduced by ₹6,100 crore to ₹39,314 crore
• Net NPAs fell by ₹603 crore to ₹3,834 crore

In addition, the Provision Coverage Ratio rose to 96.99%, reinforcing balance-sheet resilience.

Global Business Crosses ₹28.9 Lakh Crore

PNB’s global business expanded 9.5% year-on-year to ₹28.91 lakh crore.

Key Growth Highlights

• Global Deposits: ₹16.60 lakh crore (+8.5%)
• Global Advances: ₹12.31 lakh crore (+10.9%)
• RAM Advances: ₹6.62 lakh crore (+11%)
• CD Ratio: 74.2%

These numbers underline the steady momentum reflected in the PNB Q3 FY26 financial results.

Retail, MSME and Agriculture Lending Gains Momentum

Retail and priority segments continued to perform well.

Retail Credit Growth

• Core retail advances: +18.9%
• Housing loans: ₹1.27 lakh crore (+14.5%)
• Vehicle loans: ₹33,458 crore (+35.7%)

Other Key Segments

• MSME advances: ₹1.88 lakh crore (+18.1%)
• Agriculture advances: ₹1.91 lakh crore (+9.8%)

Deposits and CASA Performance Remains Stable

Deposit growth remained healthy across categories.

• Savings deposits: ₹5.16 lakh crore (+4.8%)
• Current deposits: ₹76,377 crore (+9.1%)
• CASA deposits: ₹5.92 lakh crore (+5.3%)
• CASA ratio: 37.1%
• Term deposits: ₹10.68 lakh crore (+10.4%)

Capital Adequacy Strengthens Further

PNB’s capital position improved notably.

• CRAR: 16.77% (up 136 bps)
• Tier-I capital: 14.13%
• CET-1: 12.52%
• Tier-II: 2.64%

This ensures adequate capital to support future growth.

Digital Banking and Financial Inclusion See Sharp Rise

Digital adoption continued at a fast pace.

• PNB One users: 250 lakh (+20%)
• WhatsApp banking users: 95.4 lakh (+81%)
• Digital transactions: 94.86% of total transactions
• Digital loan sanctions: ₹12,672 crore in Q3 FY26

Several new initiatives were launched, including PNB One upgrades, Digi Saarthi, DIGI MSME, Tractor Xpress, and e-PM SVANidhi 2.0.

Priority Sector Targets Surpassed

PNB exceeded all major national targets:

• Priority sector advances: 42.68% of ANBC
• Agriculture: 18.17%
• Small & marginal farmers: 10.74%
• Weaker sections: 13.83%
• Micro enterprises: 10.27%

Awards and Network Expansion

As of December 31, 2025, PNB operated:

• 10,261 domestic branches
• 11,109 ATMs
• 32,809 BCs
• 54,179 total touchpoints

During the quarter, the bank received multiple awards, including honors at the IBA Banking Technology Awards 2025 and recognition for excellence in digital inclusion and data centre modernization.

The PNB Q3 FY26 financial results highlight consistent growth, improved asset quality, strong capital adequacy, and rapid digital expansion. With stable fundamentals and expanding outreach, Punjab National Bank remains well-positioned for sustained performance in the coming quarters.

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