Punjab National Bank (PNB) reported a strong rise in profitability for the March quarter of FY26, even as its core interest income witnessed a decline. The public sector lender posted a 14.41% year-on-year increase in standalone net profit to ₹5,225.11 crore in Q4FY26, compared with ₹4,567 crore in the corresponding quarter of the previous financial year. The bank alsodeclared a dividendof ₹3 per share for shareholders.

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Key Highlights

Net profit rises 14.41% YoY to ₹5,225.11 crore in Q4FY26
Net Interest Income falls 3.5% YoY to ₹10,380 crore
Total income declines 1% YoY to ₹36,318.70 crore
Operating profit grows 10.7% YoY to ₹7,500 crore
RoA improves to 1.06% from 1.02% YoY
EPS rises to ₹4.55 from ₹3.97 in Q4FY25
Gross NPA declines to ₹37,124 crore as of March 31, 2026
Net NPA falls to ₹3,610 crore by the end of FY26
Retail credit grows 8.3% YoY to ₹2,80,779 crore
Dividend of ₹3 per share declared

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Major Financial Performance

Punjab National Bank’s standalone net profit increased to ₹5,225.11 crore in the March quarter of FY26, registering a 14.41% YoY growth from ₹4,567 crore in Q4FY25.
The bank’s total income for the quarter stood at ₹36,318.70 crore, down nearly 1% YoY compared with ₹36,705.35 crore in the same quarter last year.
PNB’s operating profit improved by 10.7% YoY to ₹7,500 crore in Q4FY26, compared with ₹6,776 crore in Q4FY25.
However, the lender’s net interest income declined by 3.5% YoY to ₹10,380 crore, against ₹10,757 crore in the year-ago period.

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Asset Quality Improves

PNB witnessed an improvement in asset quality during FY26.
The bank’s gross non-performing assets declined by ₹6,958 crore to ₹37,124 crore as of March 31, 2026, compared with ₹44,082 crore as of March 31, 2025.
Net non-performing assets also reduced by ₹681 crore to ₹3,610 crore, compared with ₹4,291 crore in the previous year.
In percentage terms, the bank’s gross NPA stood at 2.95% in FY26, while net NPA came in at 0.29%.

Growth in Advances

PNB reported steady growth across key lending segments.
Total retail credit increased by 8.3% YoY to ₹2,80,779 crore by the end of FY26.
Agriculture advances grew by 10.7% YoY to ₹1,99,919 crore.
MSME advances recorded strong growth of 19.9% YoY, reaching ₹1,95,027 crore.

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PNB’s FY27 Guidance

For FY27, Punjab National Bank expects its net interest income to grow by around 7% YoY.
The bank has guided net interest margin to remain in the range of 2.60% to 2.70% in FY27.
Operating profit is expected to grow by 9% to 10% YoY in the current financial year.
PNB expects gross NPA to remain below 2.50% in FY27.
Net NPA is expected to stay below 0.30% during FY27.

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PNB Q4 Results: Net Profit Rises to ₹5,225 Cr; ₹3 Dividend Declared

PNB Q4 Results: Net Profit Rises to ₹5,225 Cr; ₹3 Dividend Declared