Punjab National Bank (PNB) has announced a significant increase in its financial performance for the second quarter of the fiscal year 2027, with net profit rising by 12.8% year-on-year to ₹5,532 crore. This growth is a notable improvement from the ₹4,904 crore recorded in the same quarter of the previous fiscal year. The bank’s Return on Assets (RoA) remained stable at 1.05%, mirroring the figure from Q2 FY’26.
The bank’s Global Net Interest Margin also saw an improvement, reaching 2.58% in Q2 FY’27, up from 2.50% in Q1 FY’27. Additionally, the Capital to Risk-weighted Assets Ratio (CRAR) increased to 17.95% as of September 2026, compared to 17.19% a year earlier. The tangible book value per share improved to ₹111.94, a significant rise from ₹95.92 in September 2025.
PNB’s global business experienced an 11.9% year-on-year increase, reaching ₹31,18,434 crore by the end of September 2026. This growth was supported by a 9.9% rise in global deposits, which totalled ₹17,77,240 crore, and a 14.7% increase in global advances, amounting to ₹13,41,194 crore. The bank’s Credit-Deposit (CD) ratio also improved, standing at 75.5% compared to 72.3% in the previous year.
In terms of asset quality, the Gross Non-Performing Assets (GNPA) ratio improved by 90 basis points year-on-year, reducing to 2.55% as of September 2026. The Net Non-Performing Assets (NNPA) ratio also saw a decline, improving by 11 basis points to 0.25%. The Provision Coverage Ratio, including technical write-offs, increased by 41 basis points to 97.32%.
The bank’s digital initiatives have shown remarkable progress, with digital transactions accounting for approximately 95.7% of total transactions in Q2 FY’27. The number of WhatsApp Banking users surged by 72% year-on-year, reaching 143 lakh, while users of the PNB One Biz app grew by 112% to 4.14 lakh.
Analysts view PNB’s performance as a positive indicator of its strategic initiatives and operational efficiency, particularly in digital banking and asset quality management. The bank’s robust growth in profitability and business metrics suggests a strong position in the competitive banking landscape.
