PNB Q1FY27 net profit triples to ₹5,253 crore as NPAs decline

Punjab National Bank Q1FY27 net profit up 213% to Rs 5253 crore

Punjab National Bank reported a substantial net profit increase for the quarter ending June 30, 2026. The bank's standalone net profit rose over 200 percent year-on-year. This growth was primarily driven by a sharp decline in tax outgo. Non-interest income saw a decrease, impacting overall operating income. Asset quality improved, with gross and net NPAs declining significantly.

3 hours ago

PNB Q1 Profit Surges Over Threefold To ₹5,253 Crore, Bad Loans Decline

Punjab National Bank (PNB) reported a strong financial performance for the April-June quarter of FY27, with standalone net profit rising more than three times to ₹5,253 crore.The state-owned lender had recorded a net profit of ₹1,675 crore during the corresponding quarter last year. According to a regulatory filing, PNB’s total income remained largely unchanged at ₹37,231 crore during the quarter under review.The bank’s interest income showed marginal improvement, increasing to ₹32,897 crore from ₹31,964 crore in the same period a year earlier. Operating profit also witnessed growth, rising to ₹7,519 crore compared with ₹7,081 crore in the June quarter of the previous financial year. PNB Signs MoU with Digital India BHASHINI for Multilingual AI BankingPNB reported a significant improvement in asset quality during the quarter. Gross non-performing assets (NPAs) declined to 2.78% of gross advances as of June 30, 2026, compared with 3.78% in the year-ago period.In absolute terms, gross NPAs fell by ₹7,292 crore to ₹35,381 crore from ₹42,673 crore recorded in June 2025. The bank’s net NPAs also improved, declining to ₹3,433 crore from ₹4,132 crore during the same period.The net NPA ratio, which reflects the proportion of bad loans after provisions, eased to 0.26% from 0.38% a year earlier, indicating better control over stressed assets.However, provisions for bad loans increased during the quarter. PNB set aside ₹792 crore towards bad loan provisions in the first quarter, compared with ₹396 crore in the corresponding period last year.PNB Fraud Case: Nirav Modi's Sister Purvi Mehta Seeks To Turn Approver, Moves Special CBI Court For Video Conferencing The bank also strengthened its capital position during the quarter. Its capital adequacy ratio improved to 18.13% from 17.5% at the end of the first quarter of the previous financial year.The improvement in profitability, decline in bad loans and stronger capital position highlight PNB’s continued efforts to improve operational efficiency and strengthen its balance sheet.The results come amid a broader improvement in the performance of public sector banks, with lenders focusing on reducing stressed assets, improving credit growth and maintaining stronger financial buffers.

3 hours ago

PNB Q1FY27 result: Net profit jumps over threefold to ₹5,253 crore

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

5 hours ago