PNB Q3FY26 results: Profit rises 11.6% to ₹5,189 cr, interest income up 3%

PNB recorded a decline of13.6 per cent in its net non-performing assets (NNPA) to ₹3,834 crore as of December 2025, from ₹4,437 crore a year earlier

State-owned Punjab National Bank (PNB) on Monday reported a consolidated net profit of ₹5,189.79 crore for the third quarter of the financial year 2025-26 (Q3FY26), up 11.6 per cent from ₹4,648.60 crore during the same quarter last year. On a sequential basis, net profit grew 7.04 per cent from ₹4,848.64 crore.

 

The public lender's income from interest for the quarter increased by 3.12 per cent year-on-year (Y-o-Y) to ₹32,889.23 crore from ₹31,894.80 crore. Sequentially, interest earned increased marginally from ₹32,512.76 crore.

 

Operating profit before provisions and contingencies increased 13.8 per cent Y-o-Y and 5.8 per cent sequentially to ₹7,570.32 crore, PNB said in a BSE filing.

 

The bank also recorded a decline of ₹603 crore, or 13.6 per cent, in its net non-performing assets (NNPA) to ₹3,834 crore as of December 2025, from ₹4,437 crore a year earlier. "NNPA ratio improved by 9 basis points (bps) on a Y-o-Y basis to 0.32 per cent as on December 2025 from 0.41 per cent as on December 2024," the bank said.

 

PNB's global deposits grew 8.5 per cent Y-o-Y to ₹16.60 trillion as of December 2025, from ₹15.30 lakh crore a year earlier, while global advances rose 10.9 per cent to ₹12.31 trillion from ₹11.10 lakh crore over the same period, it added. This translates to a credit-to-deposit (CD) ratio of 74.2 per cent, compared with 72.6 per cent in December 2024.

 

Here's a look at PNB's Q3 deposits and credit highlights:

Deposits

• Savings deposits: Up 4.8 per cent to ₹5.16 trillion
• Current deposits: Up 9.1 per cent to ₹76,377 crore
• CASA (current and savings account) deposits: Up 5.3 per cent to ₹5.92 trillion, forming 37.1 per cent of total deposits
• Term deposits: Up 10.4 per cent to ₹10.68 trillion

Advances

• Core retail advances: Up 18.9 per cent
• Housing loans: Up 14.5 per cent to ₹1.27 trillion
• Vehicle loans: Up 35.7 per cent to ₹33,458 crore
• Agriculture advances: Up 9.8 per cent to ₹1.92 trillion
• MSME advances: Up 18.1 per cent to ₹1.88 trillion