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PNB Q3 FY26 Results: Net Profit up 13% to ₹5,100 Cr

PSU Connect
Punjab National Bank announced strong Q3 FY26 results. Net profit rose 13.1% to ₹5,100 crore. Gross NPA fell to 3.19%, Net NPA at 0.32%. Digital banking and RAM advances show robust growth. Read full analysis.
PNB Q3 FY26 Results: Net Profit up 13% to ₹5,100 Cr
PNB's declining Gross NPA ratio from 9.76% to 3.19% over recent quarters.

Mumbai, India – Punjab National Bank (PNB), one of India’s leading public sector banks, announced its unaudited financial results for the quarter and nine months ended December 31, 2025, showcasing a steady performance marked by profitability growth, improving asset quality, and strong business expansion.

 

Key Financial Highlights (Q3 FY26 vs. Q3 FY25)

  • Net Profit: Increased by 13.1% Year-on-Year (YoY) to ₹5,100 Crore.

  • Operating Profit: Grew by 13.0% YoY to ₹7,481 Crore.

  • Net Interest Income (NII): Stood at ₹10,533 Crore.

  • Return on Assets (RoA): Improved to 1.06%, up by 3 basis points (bps) YoY.

  • Return on Equity (RoE): Was reported at 17.80% (Annualized).

 

 

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Sustained Improvement in Asset Quality

The bank's sustained focus on recoveries and resolution has led to a significant strengthening of its balance sheet:

  • Gross NPA Ratio: Declined sharply by 90 bps YoY to 3.19%.

  • Net NPA Ratio: Improved to 0.32%, down 9 bps YoY.

  • Provision Coverage Ratio (PCR): Remained robust at 96.99% (including Technical Write-Offs).

  • Slippage Ratio: Was contained at 0.67% (annualized).

Robust Business Growth

PNB’s global business crossed ₹28.91 lakh crore, registering a healthy growth of 9.5% YoY.

  • Global Deposits: Grew by 8.5% YoY to ₹16.60 lakh crore.

  • Global Advances: Increased by 10.9% YoY to ₹12.31 lakh crore.

  • RAM (Retail, Agriculture, MSME) Advances: Grew by 11.0% YoY to ₹6.62 lakh crore, constituting 56.7% of domestic advances.

  • Domestic CASA Ratio: Stood at 37.1% with savings deposits at ₹5.16 lakh crore.

Digital Transformation and Analytics

PNB continues to heavily invest in its digital ecosystem, which is showing strong adoption:

  • PNB One Users: Over 2.5 crore activated users on the revamped mobile banking platform.

  • Digital Transactions: 344 crore transactions in Q3 FY26, with digital channels contributing 94.86% of total transactions.

  • Digital Lending: Sanctioned and disbursed ₹12,672 crore through paperless journeys in segments like Agri, MSME, and Retail.

  • CBDC (e-Rupee): Pioneering use cases with over 5.96 lakh users and 98.42 lakh transactions.

Capital & Shareholding

  • Capital Adequacy Ratio (CRAR): Strong at 16.77%, with CET-1 at 12.52% as of December 31, 2025.

  • Government of India remains the largest shareholder with a 70.08% stake.

Awards, ESG, and the Road Ahead

The bank has been recognized for its technological initiatives, including awards at the IBA Banking Technology Awards 2025. Its ESG (Environmental, Social, and Governance) commitment is evident through green financing initiatives, a net-zero target framework for 2060, and the release of its inaugural Sustainability Report.

Management Commentary:
A spokesperson for PNB stated, "The consistent performance in profitability and the continued improvement in asset quality reflect the success of our focused strategies. We are committed to driving responsible growth, enhancing customer experience through digital innovation, and contributing to the nation's economic development while maintaining strong governance standards."

About Punjab National Bank:
Punjab National Bank, with a legacy spanning over 130 years, is one of the largest public sector banks in India. It operates through a vast network of over 10,000 domestic branches, 11,000+ ATMs, and a significant international presence. True to its motto, "...the name you can BANK upon!", PNB is dedicated to serving its diverse customer base with a wide array of products and services.

For further information, please visit: https://pnb.bank.in

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