PNPunjab National Bank532461Quarterly results

Q2 FY'27 results: net profit increased 12.8% Y-o-Y to ₹ 5,532 Crore; GNPA ratio improves to 2.55%

Q2 FY'27 (quarter ended 30 Sept 2026): Net profit increased 12.8% Y-o-Y to ₹ 5,532 Crore.

By ScoutQuest · Fri 16 Oct 2026, 4:34 PM IST · 3 min read

Net Profit Q2 FY'27

increased 12.8% Y-o-Y to ₹ 5,532 Crore

Global Business Growth

up 11.9% to ₹ 31,18,434 Crore

GNPA / NNPA / CRAR

GNPA 2.55%, NNPA 0.25%, CRAR 17.95%

Q2 FY'27 headline numbers

• Net profit for the quarter ended 30 September 2026 increased 12.8% Y-o-Y to ₹ 5,532 Crore, against ₹ 4,904 Crore in Q2 FY'26.
• Return on Assets (RoA) stood at 1.05% in Q2 FY'27, at the same level as 1.05% in Q2 FY'26.
• Global Net Interest Margin improved to 2.58% in Q2 FY'27 from 2.50% in Q1 FY'27.
• Slippage ratio stood at 0.77% in Q2 FY'27 as compared with 0.71% in Q2 FY'26.

Business size

• Global Business grew 11.9% Y-o-Y to ₹ 31,18,434 Crore as on September'26 from ₹ 27,86,673 Crore as on September'25.
• Global Deposits registered a growth of 9.9% Y-o-Y to ₹ 17,77,240 Crore from ₹ 16,17,080 Crore.
• Global Advances increased 14.7% Y-o-Y to ₹ 13,41,194 Crore from ₹ 11,69,592 Crore.
• Credit-Deposit Ratio stood at 75.5% as on September'26 against 72.3% in September'25.

Deposit and advance mix

• Savings Deposits increased to ₹ 5,42,893 Crore, a Y-o-Y growth of 6.7%; Current Deposits increased to ₹ 83,053 Crore, up 11.9%.
• CASA Deposits increased to ₹ 6,25,945 Crore, up 7.3%; CASA share of the bank stood at 36.6% as on September'26.
• Retail Advances excluding IBPC recorded a Y-o-Y growth of 16.3%. Housing Loan grew 14.3% to ₹ 1,41,836 Crore and Vehicle Loan grew 29.6% to ₹ 38,234 Crore.
• Agriculture PS Advances grew 18.1% to ₹ 1,71,156 Crore and MSME Advances grew 19.8% to ₹ 2,14,619 Crore.

Asset quality

• Gross Non-Performing Assets declined by ₹ 6,153 Crore to ₹ 34,190 Crore as on September'26 from ₹ 40,343 Crore as on September'25; the GNPA ratio improved by 90 bps to 2.55% from 3.45%.
• Net Non-Performing Assets declined by ₹ 713 Crore to ₹ 3,313 Crore from ₹ 4,026 Crore; the NNPA ratio improved by 11 bps to 0.25% from 0.36%.
• Provision Coverage Ratio (including TWO) improved by 41 bps to 97.32% from 96.91%.

Profitability for the quarter and half-year

• Operating Profit was ₹ 7,532 Crore for Q2 FY'27 and ₹ 15,051 Crore for HY1 FY'27, growth of 4.2% and 5.2% Y-o-Y.
• Net Interest Income was ₹ 11,601 Crore for Q2 FY'27 and ₹ 22,400 Crore for HY1 FY'27, growth of 10.8% and 6.4% Y-o-Y.
• Total Income was ₹ 38,185 Crore for Q2 FY'27 and ₹ 75,416 Crore for HY1 FY'27; Total Interest Income was ₹ 34,585 Crore and ₹ 67,482 Crore respectively.
• Fee based income rose to ₹ 1,954 Crore in Q2 FY'27 from ₹ 1,685 Crore in Q2 FY'26, a growth of 16.0% Y-o-Y.

Capital and book value

• CRAR increased to 17.95% as on September'26 from 17.19% as on September'25.
• Book value per share (Tangible) improved to ₹ 111.94 in September'26 from ₹ 95.92 in September'25.

Productivity, network and digital

• Business per employee improved to ₹ 30.66 Crore from ₹ 27.62 Crore; business per branch improved to ₹ 285.18 Crore from ₹ 263.06 Crore.
• Net profit per employee was ₹ 22.51 lakh in Q2 FY'27 against ₹ 19.97 lakh; net profit per branch was ₹ 209.37 lakh against ₹ 190.18 lakh.
• The bank had 53,672 touch points, 10,481 domestic branches and 2 international branches, 10,915 ATMs and 32,276 BCs as on 30 September 2026.
• Digital transactions rose 31% Y-o-Y to 408 Crore in Q2 FY'27 from 312 Crore; digital transactions accounted for about 95.7% of total transactions.
• WhatsApp Banking users rose 72% to 143 Lakh; PNB One users rose 19% to 285 Lakh; PNB One Biz users rose 112% to 4.14 Lakh.
• Total amount sanctioned through Digital Lending Journeys crossed ₹ 22,000 Crore in Q2 FY'27.

Financial inclusion

• PMJDY accounts increased to 582.78 Lakh as on September'26 from 550.75 Lakh as on September'25.
• Enrolments under Jan Suraksha schemes up to 30.09.2026 stood at 99.75 Lakh for PMJJBY (81.18 Lakh), 370.56 Lakh for PMSBY (320.97 Lakh) and 62.69 Lakh for APY (50.96 Lakh).

How to read this release

The press release reports higher net profit, larger business, deposits and advances, lower gross and net NPA amounts and ratios, and a higher capital ratio. It also reports a higher slippage ratio and a marginally higher credit-deposit ratio than a year earlier. The figures are described as unaudited (reviewed) results for the quarter and half-year ended 30 September 2026.

Nothing here is a view, opinion or recommendation of ScoutQuest, its parent, directors or employees. ScoutQuest is a technology company: this page was assembled automatically from public sources using artificial intelligence, and may contain errors or omissions. Confirm everything against the original source before you act on it. Any use of this page is at your own risk, and neither ScoutQuest nor its parent, directors or employees accepts liability for it.

About ScoutQuest · Logos provided by Logo.dev