PNB

Punjab National Bank reported a 14.4% year-on-year rise in net profit for Q4 FY26 at ₹5,225 crore, despite some pressure on its core interest income during the quarter. The bank’s net interest income (NII) declined 3.5% YoY to ₹10,380 crore, compared with ₹10,757 crore in the same period last year. Its domestic net interest margin (NIM) also narrowed to 2.61% from 2.96% a year ago, reflecting a contraction of nearly 30 basis points. Asset quality, however, showed sequential improvement. The gross non-performing assets (GNPA) ratio eased to 2.95% from 3.19% in the previous quarter, while the net NPA (NNPA) ratio improved to 0.29% from 0.32% quarter-on-quarter. Provisions dropped sharply on a sequential basis, coming in at ₹424 crore in the January–March quarter, compared to ₹1,150 crore in the October–December period. On a yearly basis, provisions were slightly higher than ₹360 crore reported in Q4 FY25. On the business front, total term deposits grew 10.9% year-on-year to ₹11.01 lakh crore as of March 31, 2026. Meanwhile, total retail credit expanded 8.3% YoY to ₹2.81 lakh crore by the end of the quarter.