Athira Sethu
Kochi, 20 July 2026
Punjab National Bank (PNB) reported a sharp 213% year-on-year (YoY) rise in standalone net profit to ₹5,253 crore for the April-June quarter of FY27, primarily driven by a significantly lower tax expense compared with the year-ago period. The state-owned lender also reported steady growth in net interest income, improved net interest margin, lower operating expenses and better asset quality, while increasing provisions for bad loans.
| Particulars | Q1 FY27 | Q1 FY26 | YoY Change |
| Standalone net profit | ₹5,253 crore | ₹1,675 crore | +213% |
| Net interest income (NII) | ₹32,897 crore | ₹31,963 crore | +3% |
| Total expenses | ₹29,711 crore | ₹30,150 crore | -1.45% |
| Tax expense | ₹1,724.72 crore | ₹5,083.25 crore | Lower by 66% |
| Asset Quality & Provisions | Q1 FY27 | Q1 FY26 | Change |
| Provision for bad loans | ₹792 crore | ₹396 crore | +100% |
| Gross NPA ratio | 2.78% | 3.78% | Improved by 100 basis points |
| Margins & Deposits | Q1 FY27 | Previous Period/YoY |
| Global Net Interest Margin (NIM) | 2.50% | 2.47% in Q4 FY26 |
| CASA deposits | ₹6,13,116 crore | Up 7.8% YoY |
