Punjab National Bank (PNB) has reported a record Q2 FY27

Punjab National Bank (PNB) has reported a record Q2 FY27 net profit of ₹5,532 crore, up 13% year-on-year, and its CEO Ashok Chandra has set a target of crossing ₹6,000 crore quarterly profit in the coming quarters. Meanwhile, PNB shares surged nearly 8% to a seven-month high, and the bank is also dealing with a ₹77 crore loan default case involving Universal Group of Institutions in Punjab. 📊 PNB Q2 FY27 Financial Highlights Net Profit: ₹5,532 crore (↑13% YoY, ↑5% QoQ) Net Interest Income (NII): ₹11,601 crore (↑10% YoY) Gross NPA Ratio: Improved to 2.55% from 3.45% last year Provision Coverage Ratio: 97.32% (↑41 bps YoY) Global Deposits: ₹17.77 lakh crore (↑9.9% YoY) Global Business: ₹31.18 lakh crore (↑12% YoY) Return on Assets (RoA): Stable at 1.05% 📈 Market Reaction PNB stock price: Jumped 7.75% to ₹125.10 on BSE (Oct 19, 2026). Brokerage outlook: Motilal Oswal, Jefferies, and Elara Securities have buy calls with a target price of ₹140–150 (upside 21–29%). Analysts cite strong asset quality, controlled provisions, and margin expansion.