PNB Announces Strong Q3 & 9MFY’26 Financial Performance; Net Profit Rises 13.1%
GNPA declines to 3.19%, CRAR improves to 16.77%
Punjab National Bank (PNB), the country’s leading public sector bank, reported a robust financial performance for Q3 and the nine months ended December 2025 (9MFY’26), marked by healthy profit growth, improving asset quality, steady business expansion, and strong digital traction.
The bank’s net profit rose 13.1% year-on-year to ₹5,100 crore in Q3 FY’26, compared to ₹4,508 crore in the corresponding quarter last year. Operating profit increased by 13.0% to ₹7,481 crore, while Return on Assets (RoA) improved to 1.06% from 1.03% in Q3 FY’25. For 9MFY’26, net profit stood at ₹11,679 crore and operating profit reached ₹21,789 crore, reflecting sustained profitability momentum.
Asset quality strengthened further, with the Gross NPA ratio improving by 90 basis points to 3.19% as on December 2025, while the Net NPA ratio declined to 0.32%. In absolute terms, GNPA fell by ₹6,100 crore to ₹39,314 crore and NNPA reduced by ₹603 crore to ₹3,834 crore on a year-on-year basis. The Provision Coverage Ratio (including TWO) improved to 96.99%, underscoring the bank’s strong balance sheet resilience.
Global business grew by 9.5% to ₹28.92 lakh crore, driven by an 8.5% rise in global deposits to ₹16.60 lakh crore and a 10.9% growth in global advances to ₹12.31 lakh crore. RAM advances increased by 11.0% to ₹6.62 lakh crore, supported by healthy growth in retail, agriculture, and MSME segments. Core retail advances rose 18.9%, led by housing loans (up 14.5%) and vehicle loans (up 35.7%). Agriculture advances grew 9.8%, while MSME advances rose 18.1% year-on-year.
On the capital front, CRAR improved to 16.77% as on December 2025 from 15.41% a year ago, with Tier-I capital at 14.13%. The CD ratio stood at 74.2%, reflecting balanced credit expansion.
Total income for Q3 FY’26 rose 7.2% to ₹37,253 crore, aided by a sharp 47.2% jump in non-interest income. Cost efficiencies improved as the global cost of deposits declined to 5.09%, while business per employee increased to ₹28.57 crore.
Digital and financial inclusion initiatives continued to gain momentum. PNB One users crossed 250 lakh, WhatsApp banking users surged 81% to 95.4 lakh, and digital transactions accounted for nearly 95% of total transactions during the quarter.
With strengthened fundamentals, improved asset quality, and accelerating digital adoption, PNB continues to consolidate its position as a key driver of India’s public sector banking growth.
