State-owned Punjab National Bank (PNB) a 13% improvement in net profit to Rs 5,100 crore in Q3FY26 from Rs 4,508 crore reported in the same quarter a year ago. Its total income rose to Rs 37,253 crore Q3FY26 from Rs 34,752 crore reported in Q3FY25.
Net interest income (NII) stood at Rs 10,533 crore, down 4.5% year-on-year (YoY) from Rs 11,032 crore reported in Q3FY25.
Gross NPA stood at 3.19%, compared with 3.45% on a sequential basis. Provisions rose to Rs 1,151 crore from Rs 643 crore reported in Q2 FY26.
Key highlights from Q3FY26
PNB said in a regulatory filing said that Interest income during the quarter also rose to Rs 32,231 crore, up from Rs 31,340 crore reported in Q3FY25. On the asset quality front, the bank’s gross non-performing assets ratio moderated to 3.19% from 4.09% a year ago.
Similarly, net NPAs, or bad loans, came down to 0.32% against 0.41% at the end of the third quarter last fiscal.
During the quarter, its capital adequacy ratio increased to 16.77% compared to 15.41% in December 2024.
Profitability improves in Q3 FY26
Operating profit increased 13.0% YoY to Rs 7,481 crore during the quarter, while return on assets improved to 1.06%, up 3 basis points(bps) from Q3FY25.
Global deposits increased 8.5% YoY to Rs 16,60,290 crore, while global advances grew 10.9% YoY to Rs 12,31,238 crore.
Domestic deposits grew 8.3% YoY, while overseas deposits recorded a faster growth of 14.5% YoY. Current Account Savings Account (CASA) deposits increased 5.3% YoY, with the CASA ratio at 37.1% as of December 31, 2025.
Punjab National Bank share price
The share price of Punjab National Bank (PNB) has hit an intra-day low of 5.33% following the Q3 release. The stock has gained 12.88% in past three months and 12.92% in past six months.