Athira Sethu
Kochi, 8 Dec 2025
Performance of Indian public sector banks is improving and many beleive that valuation of PSU banks may soon catch up their private sector peers.
Here is a comparison of PNB vs Canara Bank Q2FY26 Performance:
| Metric | Punjab National Bank (PNB) | Canara Bank |
| Net Profit | ₹4,903 crore (+14% YoY) | ₹4,774 crore (+18.9% YoY) |
| Total Income | ₹20,563 crore (+5.4% YoY) | ₹31,543 crore (+11.2% YoY) |
| Gross NPA (GNPA) | 3.45% (↓ from 4.48% YoY) | 2.35% (↓ from 2.69% YoY) |
| Net NPA (NNPA) | 0.36% (↓ from 0.46% YoY) | 0.54% (↓ from 0.63% YoY) |
| Provision Write-Back | ₹639 crore (increased profitability) | ₹1,503 crore (down from ₹1,845 crore QoQ) |
| Interest Income | ₹10,469 crore (↓ 0.5% YoY) | ₹25,983 crore (+6.5% YoY) |
| Net Interest Margin (NIM) | Domestic NIM: 2.72% (↓ from 3.06%) | Domestic NIM: 3.45% (↑ from 3.33%) |
| Operating Profit | ₹7,836 crore (↑ 2.7% YoY) | ₹8,588 crore (↑ 0.4% QoQ) |
| Capital Adequacy Ratio (CRAR) | 17.19% (↑ from 16.36%) | 16.35% (↓ from 16.47%) |
| Retail & MSME Credit Growth | 8.8% YoY, RAM Advances: 12.7% | 12.1% YoY in Retail Credit |
| Digital Transactions | 31% YoY Growth (3.13 Billion) | 27% YoY Growth (2.50 Billion) |
