PNB Financial Results for the Q2 & HY1 FY’26

  • PNB Net Profit increased Y-o-Y by 14.0% to ₹4,904 Crore in Q2 FY’26 as against ₹4,303 Crore in Q2 FY’25.
  • Operating Profit for Q2 FY’26 increased to ₹7,227 Crore and to ₹14,308 Crore for HY1FY’26 recording growth of 5.5% and 6.5%, respectively on YoY basis.
  • Return on Assets (RoA) improved to 1.05% in Q2 FY’26 from 1.02% in Q2 FY’25.
  • Net Interest Income (NII) increased to ₹21,047 Crore in HY1FY’26 from ₹20,993 Crore in HY1FY’25 showing an improvement of 0.26% on Y-o-Y basis.
  • Global Net Interest Margin (NIM) stands at 2.65% in HY1FY’26 and 2.60% in Q2 FY’26.
  • GNPA ratio improved by 103 bps on Y-o-Y basis to 3.45% as on September’25 from 4.48% as on September’24.
  • NNPA ratio improved by 10 bps on Y-o-Y basis to 0.36% as on September’25 from 0.46% as on September’24.
  • Provision Coverage Ratio (including TWO) improved by 24 bps on Y-o-Y basis to 96.91% as on September’25 from 96.67% as on September’24.
  • Global Business grew by 10.6% on Y-o-Y basis to ₹ 27,86,673 Crore as on September’25 from ₹25,20,246 Crore as on September’24.
  • Global Deposits registered a growth of 10.9% on Y-o-Y basis to ₹16,17,080 Crore as on September’25 from ₹14,58,342 Crore as on September’24.
  • Global Advances increased by 10.1% on Y-o-Y basis to ₹ 11,69,592 Crore as on September’25 from ₹10,61,904 Crore as on September’24.
  • RAM Advances grew by 12.7% on Y-o-Y basis to ₹ 6,35,417 Crore as on September’25 from ₹5,64,049 Crore as on September’24.
  • CD Ratio improved by 124 bps to reach 72.33% in Q2 FY’26 as against 71.09% in Q1 FY’26.
  • CRAR increased to 17.19% as on September’25 from 16.36% as on September’24 registering an improvement of 83 bps.

Business Performance in Key Parameters

Deposits

  • Savings Deposits increased to ₹ 5,08,964 Crore registering a Y-o-Y growth of 4.2%.
  • Current Deposits increased to ₹ 74,215 Crore registering a Y-o-Y growth of 9.0%.
  • CASA Deposits increased to ₹ 5,83,178 Crore recording a Y-o-Y growth of 4.7%.
  • CASA Share of the bank stands at 37.29% as on September’25 registering an improvement of 30 bps over June’25.
  • Total Term Deposit witnessed a growth of 14.7% on Y-o-Y basis to ₹ 10,33,902 Crore as on September’25.

Advances

  • Total Retail credit increased by 8.8% Y-o-Y to ₹ 2,72,210 Crore as on September’25.
  • The bank grew under Retail Advances excluding IBPC recording a Y-o-Y growth of 18.1%. Within Retail Advances excluding IBPC:

           * Housing Loan grew by 12.9% Y-o-Y to ₹ 1,24,099 Crore.

           * Vehicle loan posted a growth of 30.9% Y-o-Y to reach ₹ 29,512 Crore.

  • Agriculture Advances grew by 13.0% on Y-o-Y basis to ₹1,83,987 Crore.
  • MSME Advances increased Y-o-Y by 18.6% to ₹ 1,79,220 Crore.

Asset Quality

  • Gross Non-Performing Assets (GNPA) declined by ₹7,239 Crore to ₹40,343 Crore as on September’25 from ₹47,582 Crore as on September’24.
  • Net Non-Performing Assets (NNPA) declined by ₹648 Crore to ₹4,026 Crore as on September’25 from ₹4,674 Crore as on September’24.

Profitability

  • Net Profit for Q2 FY’26 was at ₹4,904 Crore recording growth of 14.0% on YoY basis.
  • Operating Profit for Q2 FY’26 was at ₹7,227 Crore and ₹14,308 Crore for HY1FY’26 recording growth of 5.46% and 6.51%, respectively on YoY basis.
  • Net Interest Income for HY1FY’26 was at ₹21,047 Crore recording growth of 0.26% on YoY basis.
  • Total Income for Q2 FY’26 was at ₹36,214 Crore and ₹73,445 Crore for HY1FY’26 recording a growth of 5.1% and 10.3%, respectively on YoY basis.
  • Total Interest Income for Q2 FY’26 was at ₹31,872 Crore and ₹63,835 Crore for HY1FY’26 recording growth of 6.7% and 9.2%, respectively on YoY basis.
  • Total Interest Expenses for Q2 FY’26 was at ₹21,403 Crore and ₹42,789 Crore for HY1FY’26, increased by 10.6% and 14.3%, respectively on YoY basis.
  • Operating Expenses declined YoY by 7.9% to ₹7,584 Crore for Q2 FY’26 as compared to ₹8,235 Crore for Q2 FY’25.

Capital Adequacy

  • CRAR increased to 17.19% on September’25 from 16.36% as on September’24 registering an improvement of 83 bps.
  • Tier-I Capital improved to 14.41% as on September’25 from 13.63% as on September’24 (with CET-1 at 12.75% as on September’25 and AT-1 at 1.66% as on September’25) and Tier-II at 2.78% as on September’25.