PNB Q2 Results: Net Profit Rises 12.8% to Rs 5,532 Crore, NPAs Decline

Punjab National Bank reported 12.8 per cent profit growth in Q2FY27, supported by higher interest income and lower provisions, while gross and net NPAs declined year-on-year.

Shri Ashok Chandra, PNB MD & CEO (In Middle), Shri M. Paramasivam, Executive Director (Left) and Shri Amit K. Srivastava, Executive Director (Right)

New Delhi: State-owned Punjab National Bank (PNB) reported a 12.8 per cent year-on-year increase in standalone net profit to Rs 5,532 crore for the second quarter of FY27, compared with Rs 4,904 crore in the corresponding quarter last year.

Shri Ashok Chandra, PNB MD & CEO on Thursday said that net interest income (NII) rose 10.8 per cent to Rs 11,601 crore in Q2FY27 from Rs 10,469 crore a year earlier. Total interest income also recorded growth, increasing 8.5 per cent year-on-year to Rs 34,585 crore.

Lower Provisions Support PNB’s Quarterly Performance

PNB’s provisions fell sharply to Rs 97 crore in Q2FY27, against Rs 541 crore in the preceding quarter and Rs 643 crore in the year-ago period.

The bank also reported an improvement in its asset quality indicators. Gross non-performing assets (GNPA) declined to 2.55 per cent from 2.78 per cent in the June quarter. On a year-on-year basis, the ratio dropped 90 basis points from 3.45 per cent.

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Net non-performing assets (NNPA) eased to 0.25 per cent, compared with 0.28 per cent in the previous quarter and 0.36 per cent in Q2FY26, marking an 11-basis-point year-on-year improvement.

CASA Deposits Reach Rs 6.26 Lakh Crore

He also said that the bank’s savings deposits grew 6.7 per cent year-on-year to Rs 5,42,893 crore, while current deposits rose 12 per cent to Rs 83,053 crore.

Together, current and savings account (CASA) deposits increased 7.3 per cent year-on-year to Rs 6.26 lakh crore as of September 2026. CASA deposits accounted for 36.6 per cent of the lender’s total deposits.

PNB’s credit-deposit ratio stood at 75.5 per cent in Q2FY27, compared with 72.3 per cent in the corresponding quarter of the previous financial year.

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Digital Transactions Account for 95.7% of Total

Digital channels continued to account for the bulk of the bank’s transactions. Approximately 95.7 per cent of PNB’s total transactions in Q2FY27 were conducted digitally, he said.

Meanwhile, PNB shares closed 1.09 per cent higher at Rs 116.30 on the National Stock Exchange on October 16.