Punjab National Bank Q1FY27 profit jumps over three-fold to Rs 5,253 crore

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Punjab National Bank (PNB) on Saturday reported an over three-fold jump in standalone net profit at Rs 5,253 crore for the quarter ended June 30, 2026.

The state-owned bank had posted a net profit of Rs 1,675 crore in the year-ago period.

Total income in the quarter under review remained static at Rs 37,231 crore, PNB said in a regulatory filing.

However, the lender's interest income increased marginally to Rs 32,897 crore, from Rs 31,964 crore in the same quarter a year ago.

During the period, the bank's operating profit rose to Rs 7,519 crore, as compared to Rs 7,081 crore in the same quarter a year ago.

The bank's asset quality improved as gross non-performing assets (NPAs) declined to 2.78 per cent of gross advances at the end of the June quarter, from 3.78 per cent a year ago.

Gross Non-Performing Assets (GNPA) in absolute terms declined by Rs 7,292 crore to Rs 35,381 crore from Rs 42,673 crore, while Net Non-Performing Assets (NNPA) eased by Rs 699 crore to Rs 3,433 crore from Rs 4,132 crore as on June 2025.

Similarly, net NPAs, or bad loans, declined to 0.26 per cent, as against 0.38 per cent in the year-ago period.

However, provisions for bad loans rose to Rs 792 crore during the first quarter, as compared to Rs 396 crore in the same period a year ago.

The bank's capital adequacy ratio improved to 18.13 per cent from 17.5 per cent at the end of the first quarter of the previous financial year.

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