PNB Q2 FY27 Results: Net Profit Rises 12.8% To ₹5,532 Crore; Asset Quality Improves and Advances Grow
Add Preferred News Source
Punjab National Bank reported 12.8% growth in net profit to ₹5,532 crore. Net interest income rose 10.8% and gross non-performing assets fell to 2.55%.
Punjab National Bank (PNB) reported a 12.8% year-on-year rise in net profit to ₹5,532 crore for the quarter ended 30 September 2026. Net interest income (NII) increased 10.8% to ₹11,601 crore, and the operating profit also grew 4.2% to ₹7,532 crore.
For the first half of FY27, operating profit reached ₹15,051 crore, up 5.2% year on year, while NII rose 6.4% to ₹22,400 crore.
The PNB share price closed at ₹116.30 on 16 October 2026 on the National Stock Exchange (NSE), rising 1.09%.
PNB Q2 Results: Performance Highlights
PNB’s global business grew 11.9% year on year to ₹31,18,434 crore as of 30 September 2026. Global deposits increased 9.9% to ₹17,77,240 crore, while global advances rose 14.7% to ₹13,41,194 crore. The credit-deposit ratio stood at 75.5%, compared with 72.3% a year earlier.
Total income for Q2 FY27 rose 5.4% to ₹38,185 crore. For H1 FY27, total income increased 2.7% to ₹75,416 crore. The bank’s return on assets remained at 1.05%, unchanged from Q2 FY26, while its global net interest margin improved to 2.58% from 2.50% in Q1 FY27.
How Were The Deposits and Advances?
Savings deposits grew 6.7% year on year to ₹5,42,893 crore, while current deposits increased 11.9% to ₹83,053 crore. Current account savings account (CASA) deposits rose 7.3% to ₹6,25,945 crore and accounted for 36.6% of total deposits.
Retail advances, excluding inter-bank participation certificates (IBPC), grew 16.3%. Housing loans increased 14.3% to ₹1,41,836 crore, vehicle loans rose 29.6% to ₹38,234 crore, agriculture priority-sector advances grew 18.1% to ₹1,71,156 crore, and micro, small and medium enterprise (MSME) advances increased 19.8% to ₹2,14,619 crore.
How Did Asset Quality and Capital Position Change?
Gross non-performing assets (GNPA) fell to ₹34,190 crore from ₹40,343 crore a year earlier. The gross NPA ratio improved to 2.55% from 3.45%, while the net NPA ratio declined to 0.25% from 0.36%. The provision coverage ratio, including technical write-offs, increased to 97.32% from 96.91%. However, the slippage ratio edged up to 0.77% from 0.71%.
The capital adequacy ratio (CRAR) improved to 17.95% from 17.19% a year earlier. Tangible book value per share increased to ₹111.94 from ₹95.92.
Apart from this, digital transactions increased 31% year on year to 408 crore during Q2 FY27 and accounted for 95.7% of total transactions. WhatsApp Banking users grew 72% to 143 lakh, while PNB One retail mobile banking users rose 19% to 285 lakh. Users of PNB One Biz, the corporate mobile banking app, increased 112% to 4.14 lakh. Digital lending sanctions crossed ₹22,000 crore during the quarter.
This article is for informational purposes only and should not be considered investment advice from Kotak Neo. For compliance T&C and disclaimers, Visit www.kotakneo.com/disclaimer
Vishwa has spent 10+ years across fintech and FMCG doing what most people miss, connecting the dots, catching trends before they trend, and finding the angle nobody else thought to ask about.
At Kotak Neo, she drives content strategy for neoshorts, Kotak News Desk, and Investing Guide, turning market noise into something worth reading.
When she's not decoding markets, she trades charts for canvases, chasing art, painting, and architecture across cities she's yet to explore.
Right Tools, Rich Insights
