PNB Reports Strong Q2 & HY1 FY’26 Performance: Net Profit: ₹4,904 Crore in Q2 FY’26, a 14% YoY increase
Operating Profit: ₹7,227 Crore for Q2 and ₹14,308 Crore for HY1 FY’26, up 5.5% and 6.5% YoY respectively
Punjab National Bank (PNB), one of India’s leading public sector banks, announced robust financial results for Q2 and HY1 FY’26, reflecting strong growth across business, profitability, and digital initiatives.
Key Financial Highlights:
- Gross Global Business: Surpassed ₹27.86 Lakh Crore, up 10.6% YoY.
- Net Profit: ₹4,904 Crore in Q2 FY’26, a 14% YoY increase.
- Operating Profit: ₹7,227 Crore for Q2 and ₹14,308 Crore for HY1 FY’26, up 5.5% and 6.5% YoY respectively.
- Net Interest Income (NII): ₹21,047 Crore for HY1 FY’26, improving 0.26% YoY.
- Global NIM: 2.65% for HY1 FY’26.
- Return on Assets (RoA): Improved to 1.05% from 1.02% YoY.
- GNPA/NNPA: GNPA reduced to 3.45%, NNPA to 0.36%, reflecting strong asset quality.
Deposits & Advances:
- Global Deposits: ₹16,17,080 Crore, up 10.9% YoY.
- Global Advances: ₹11,69,592 Crore, up 10.1% YoY.
- RAM Advances: ₹6,35,417 Crore, up 12.7% YoY.
- CASA Deposits: ₹5,83,178 Crore, CASA ratio improved to 37.29%.
- Retail & MSME Advances: Housing Loans up 12.9%, Vehicle Loans 30.9%, MSME 18.6%.
Profitability & Efficiency:
- Total Income: ₹36,214 Crore in Q2 and ₹73,445 Crore in HY1 FY’26.
- Operating Expenses: Declined 7.9% YoY to ₹7,584 Crore.
- Return on Equity (RoE): 17.95% in Q2 FY’26.
- Productivity: Business per employee ₹27.62 Crore; Net profit per branch ₹190.18 lakh.
Priority Sector & Financial Inclusion:
- Priority Sector Advances at 42.29% of ANBC, exceeding national goals.
- PMJDY accounts: 551 Lakhs; PMJJBY: 81.18 Lakhs; PMSBY: 320.97 Lakhs; APY: 50.96 Lakhs.
Digital Initiatives:
- Digital transactions surged 31% YoY to 313 Crores; accounted for 95% of total transactions.
- WhatsApp Banking users grew 92% YoY to 83.4 Lakhs.
- PNB ONE Biz Corporate M-Banking App now has 1.94 Lakh users.
- Key new initiatives include Gen AI-powered chatbot ‘RAHEE’, UIDAI face authentication for UPI PIN, and PNB One app features like ‘PIHU’ and Spend Analyser.
Branch & Distribution Network:
- 10,228 domestic branches, 2 international branches; 63.3% in rural & semi-urban areas.
- 11,187 ATMs and 32,278 BCs, totaling 53,693 banking touchpoints.
Awards & Recognitions:
- Silver at 103rd SKOCH Awards 2025 for PNB ONE Biz App.
- Winner at 3rd ICC Emerging Asia Banking Awards 2025 for Best Bank in AI/ML Implementation.
- Recognized as a Happy Employer Brand at Asia Pacific HRM Congress & Awards.
- UIDAI award for Outstanding Contribution to Aadhaar Authentication.
Conclusion:
PNB’s Q2 & HY1 FY’26 results highlight strong business growth, improved asset quality, increased digital adoption, and recognition for innovation and employee engagement, positioning the bank as a frontrunner in India’s public sector banking space.
