PNB Q1 FY27 Results: Net Profit Jumps 213.6% to Rs 5,253 Crore

New Delhi | July 18, 2026 : Punjab National Bank has posted a sharp rise in profit for the quarter ended June 30, 2026. The state-run lender reported a standalone net profit of Rs 5,253 crore in Q1 FY27, up 213.6% from Rs 1,675 crore in the same quarter last year. This PNB Q1 FY27 result marks one of the bank’s strongest quarters in recent years.

The numbers show steady gains across almost every key metric. Asset quality improved, advances grew at a healthy pace, and the bank’s capital position got stronger too.

Profit and Core Earnings Growth

Operating profit for the quarter rose to Rs 7,519 crore, up from Rs 7,081 crore a year earlier. This works out to a growth rate of 6.2%. Net interest income, which reflects the gap between interest earned and interest paid, climbed 2.1% year-on-year to Rs 10,798 crore.

Interest income on advances also moved higher, reaching Rs 23,061 crore compared to Rs 21,664 crore in the same quarter last year. Fee-based income showed a strong jump too, rising 19.6% quarter-on-quarter to Rs 2,339 crore. The bank’s global net interest margin improved slightly to 2.50% from 2.47% in the previous quarter.

Asset Quality Sees Clear Improvement

One of the standout parts of the PNB Q1 FY27 results is the drop in bad loans. Gross non-performing assets fell to 2.78% as of June 2026, compared to 3.78% a year ago. In actual terms, gross NPAs dropped by Rs 7,292 crore to reach Rs 35,381 crore.

Net NPAs also declined, moving down by Rs 699 crore to Rs 3,433 crore. The net NPA ratio improved to 0.28% from 0.38% a year earlier. The slippage ratio, which tracks new bad loans forming during the quarter, dropped slightly to 0.68%.

Business Growth Across Deposits and Advances

PNB’s global business grew 10.2% year-on-year, reaching Rs 29.98 lakh crore as of June 2026. This growth came from two sides. Global deposits rose 8.5% to Rs 17.24 lakh crore, while global advances grew faster at 12.7% to reach Rs 12,73,132 crore.

The credit-deposit ratio improved to 73.8% from 71.1% a year earlier, showing that the bank is putting more of its deposits to work through lending. CASA deposits, which include low-cost savings and current accounts, rose 7.8% to Rs 6,13,116 crore. This gives the bank a CASA share of 36.7% of its total deposits.

Retail lending also performed well during the quarter. Core retail advances grew 17.5% year-on-year. Housing loans rose 11.9% to Rs 1,32,840 crore, and vehicle loans jumped 34.4% to Rs 36,599 crore. MSME advances increased by 19.8% to reach Rs 2,03,025 crore, while agriculture advances under priority sector lending grew 16.4% to Rs 1,61,668 crore.

Capital Strength and Efficiency

The bank’s capital position also strengthened during the quarter. Its Capital to Risk-Weighted Assets Ratio, known as CRAR, rose to 18.13% from 17.50% a year earlier. This gives PNB a solid buffer to support future lending growth.

Return on Assets improved by 67 basis points to reach 1.04%. Tangible book value per share rose to Rs 108.58 from Rs 92.64 a year ago. Business per employee also improved, climbing to Rs 29.71 crore from Rs 27.30 crore, while business per branch rose to Rs 278.28 crore.

Digital Banking and Financial Inclusion Push

PNB continued to expand its digital footprint through this quarter. Digital transactions rose 24% year-on-year to reach 365 crore. The bank’s PNB One app crossed 270 lakh activated users, up 19% from last year. WhatsApp Banking usage doubled, growing from 70 lakh to 140 lakh users within a year.

The bank also reported strong progress on government-backed financial inclusion schemes. Enrollments under the Pradhan Mantri Jeevan Jyoti Bima Yojana rose to 95.72 lakh, while the Pradhan Mantri Suraksha Bima Yojana crossed 357 lakh enrollments. Atal Pension Yojana enrollments also grew to 59.77 lakh.

A Wide Branch Network Across India

As of June 2026, PNB operated 10,359 domestic branches along with two international branches. Its total touch points, including ATMs and business correspondents, stood at 54,248. Rural branches made up the largest share of the network at 38.7%, followed by semi-urban branches at 24.6%.

The bank also picked up several industry honours this quarter, including the Golden Peacock National Training Award and recognition at the Infosys Finacle Innovation Awards for its work in treasury transformation and product innovation.

Overall, the PNB Q1 FY27 results paint a picture of a bank gaining strength on multiple fronts, from profit growth to cleaner books and wider digital reach.

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