PNB Q3 FY26 Earnings Results: Net Profit Rises 13% to ₹5,100 Crore and GNPA Falls to 3.19%

Punjab National Bank (PNB) reported a net profit of ₹5,100 crore in Q3 FY26, up 13.1% from ₹4,508 crore last year. Operating profit also rose 13% to ₹7,481 crore. Earnings per share increased to ₹4.44, while book value per share climbed to ₹114.09.

Asset Quality Gets Better

The bank’s gross NPA ratio improved to 3.19% from 4.09% a year ago. Net NPA declined to 0.32%. Total bad loans reduced, with GNPA falling by ₹6,100 crore and NNPA dropping by ₹603 crore. Provision coverage improved to 96.99%.

Business Growth Continues

PNB’s global business grew 9.5% to ₹28.91 lakh crore. Deposits rose 8.5% to ₹16.60 lakh crore, and advances increased 10.9% to ₹12.31 lakh crore. RAM loans also grew 11%.

Deposit Base Expands

Savings deposits increased 4.8%, current deposits rose 9.1%, and CASA deposits grew 5.3%. The CASA share stood at 37.1%. Term deposits climbed 10.4%.

Loan Growth Across Segments

Retail loans grew sharply by 18.9%, led by housing (+14.5%) and vehicle loans (+35.7%). Agriculture advances rose 9.8% and MSME loans jumped 18.1%.

Income and Margins

Total income grew 7.2% YoY in Q3, while non-interest income surged 47.2%. Interest expenses and operating costs increased moderately.

Capital Position Strengthens

CRAR improved to 16.77%, with Tier-I at 14.13%. This reflects stronger financial stability and a buffer for growth.

Efficiency Improves

Business per employee and per branch increased. Net profit per employee rose to ₹20.77 lakh, while per branch profit also improved.

Priority Sector Targets Surpassed

PNB exceeded all key national lending goals, including agriculture, weaker sections and micro enterprises.

Financial Inclusion Expands

PMJDY accounts crossed 560 lakh. Enrolments under PMJJBY, PMSBY and APY increased significantly.

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Digital Growth Accelerates

PNB One users grew 20% YoY, and WhatsApp banking users jumped 81%. UPI transactions and digital lending volumes increased sharply. Digital transactions formed nearly 95% of total transactions.

Wider Branch & ATM Network

PNB operates 10,261 domestic branches (63% in rural/semi-urban areas), over 11,000 ATMs and 32,809 BC touchpoints.

Punjab National Bank Share Price Movement

Punjab National Bank share price (NSE: PNB) closed Monday’s trade at ₹128.35, falling 3.03% (−₹4.01) from the previous session. PNB currently has a market capitalisation of ₹1.47 lakh crore and is trading at a P/E ratio of 8.66. The stock’s 52-week range stands between ₹85.46 and ₹135.15. It offers a dividend yield of 2.26%, with a quarterly dividend amount of ₹0.73 per share.

Conclusion

PNB delivered a strong Q3FY26 performance with rising profits, improving asset quality, solid loan growth and rapid digital expansion. The bank also strengthened its capital base and expanded financial inclusion, positioning itself well for future growth.

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