Punjab National Bank (PNB) reported a 13% increase in its standalone net profit to ₹5,532 crore for the quarter ended 30 September 2026 (Q2 FY27), compared with ₹4,904 crore in the same quarter of the financial year 2025‑26. The public sector lender’s net interest margin (NIM) for Q2 FY27 stood at 2.58%, up from 2.5% in the preceding quarter of the current year. The earnings were announced on Friday, 16 October 2026, after market hours.

PNB’s net interest income (NII) for Q2 FY27 rose 11% year‑on‑year to ₹11,601 crore, versus ₹10,469 crore in Q2 FY26. Operating profit for the quarter was ₹7,532 crore, a 4.2% rise from ₹7,227 crore in the same quarter of the previous fiscal year. The NIM of 2.58% for Q2 FY27 was also higher than the 2.5% recorded in the prior quarter of the current year.

As of 30 September 2026, the lender’s gross non‑performing assets (NPA) ratio improved to 2.55%, down from 2.78% on a sequential basis. The net NPA ratio also improved marginally to 0.25% on a quarter‑on‑quarter basis, compared with 0.28% at the end of the previous quarter. PNB’s provision coverage ratio, including technical write‑offs (TWO), rose by 41 basis points year‑on‑year to 97.32%, versus 96.91% in Q2 FY26, while the slippage ratio stood at 0.77% in Q2 FY27, up from 0.71% YoY.

PNB’s savings deposits grew 6.7% annually to ₹5,42,893 crore, and current deposits rose 12% to ₹83,053 crore as of September 2026. Its current account savings account (CASA) deposits increased 7.3% year‑on‑year to ₹6,25,945 crore, representing 36.6% of the bank’s total deposits as of September 2026. The bank also reported that its retail advances excluding IBPC grew 16.3% year‑on‑year, with housing loans up 14.3% to ₹1,41,836 crore and vehicle loans rising 29.6% to ₹38,234 crore.

Agriculture advances increased 18.1% to ₹1,71,156 crore, and MSME advances grew 19.8% to ₹2,14,619 crore. Global business expanded 11.9% YoY to ₹31,18,434 crore, with global deposits up 9.9% to ₹17,77,240 crore and global advances surging 14.7% to ₹13,41,194 crore. PNB’s shares closed at ₹116.30 on the National Stock Exchange, a 1.09% rise, giving the lender a market capitalisation of ₹1.34 lakh crore.