Punjab National Bank (PNB) on Saturday reported a net profit of Rs 5,253 crore for the April-June quarter of the current fiscal year 2027, registering a 214 per cent year-on-year growth as compared to Rs 1,675 crore recorded in the corresponding quarter of the previous financial year.
However, net profit subsequently grew marginally by just over 0.5% QoQ from Rs 5,225 crore recorded in the previous three months.
The PSU lender’s net interest income (NII) rose over 2% YoY to Rs 10,798 crore in the first quarter of FY27 from Rs 10,578 crore a year ago.
Deposits in PNB current account savings accounts increased by about 8% YoY to Rs 5.69 crore and total fixed deposits increased by nearly 9% YoY to Rs 10.21 crore. Meanwhile, global revenues grew by about 13% year-on-year to Rs 12.73 lakh crore.
The PSU lender’s return on assets (RoA) increased to 1.04% in Q1FY27 from 0.37% in Q1FY26 but declined from 1.06% in Q4FY26. Meanwhile, the return on equity (RoE) during the quarter under review stood at 17.33%.
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PNB’s asset quality has improved with the non-performing assets (NPA) ratio falling to 2.78 per cent at the end of the June quarter from 3.78 per cent a year ago. Gross non-performing assets (GNPA) in absolute terms declined by Rs 7,292 crore to Rs 35,381 crore from Rs 42,673 crore and net non-performing assets (NNPA) declined by Rs 699 crore to Rs 3,433 crore from Rs 4,132 crore as of June 2025. NPAs, or bad loans, fell to 0.26% from 0.38% in the year-ago period.
However, provisions for bad loans rose to Rs 792 crore in the first quarter from Rs 396 crore in the same period a year ago. The bank’s capital adequacy ratio improved to 18.13% from 17.5% at the end of the first quarter of the previous fiscal year.(With participation of agencies)
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