Punjab National Bank posts 13% YoY jump in Q3 PAT; deposits rise to Rs 16.60 lakh crore
Punjab National Bank has reported 13.1% rise in net profit to Rs 5,100 crore on a 7.2% increase in total income to Rs 37,253 crore in Q3 FY26 as compared with Q3 FY25.
Net interest income fell by 4.5% to Rs 10,533 crore in the December25 quarter from Rs 11,032 crore recorded in the December24 quarter. Net interest margin (NIM) for Q3 FY26 was 2.52% as against 2.93% for Q3 FY25.
Operating expenses for the period under review added up to Rs 8,074 crore, up 3.2% YoY.
Accordingly, operating profit for Q3 FY26 was Rs 7481 crore, higher by 13% as compared with Rs 6621 crore posted in Q3 FY25.
The bank has made a provision of Rs 1,150 crore in Q3 FY26. It had written back provision amounting to Rs 285 crore in Q3 FY25.
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Profit before tax in Q3 FY26 stood at Rs 6,331 crore, down by 8.3% from Rs 6,906 crore recorded in Q3 FY25.
The gross NPA ratio improved by 90 basis points YoY to 3.19% as on 31 December 2025 from 4.09% as on 31 December 2024.
The net NPA ratio improved by 9 basis points YoY to 0.32% as on 31 December 2025 from 0.41% as on 31 December 2024.
The provision coverage ratio improved by 22 basis points YoY 96.99% as on 31 December 2025.
The global business of the bank grew by 9.5% to Rs 28,91,528 crore as on 31 December 2025 from Rs 26,39,991 crore as on 31 December 2024.
Global deposits registered a growth of 8.5% YoY basis to Rs 16.60 lakh crore while global advances increased by 10.9% on YoY basis to Rs 12.31 lakh croreas on 31 December 2025.
CRAR improved to 16.77% as on 31 December 2025 from 15.41% as on 31 December 2024, reflecting an increase of 136 basis points.
Punjab National Bank is engaged in treasury operations, corporate/wholesale banking, retail banking, digital banking, and others. As on 31 December 2025, the bank has 10,261 domestic branches and 2 international branches. Out of total branches, the bank has 63.3% branches in rural & semi-urban areas.
The scrip fell 1.99% to currently trade at Rs 125.50 on the BSE.
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First Published: Jan 20 2026 | 2:32 PM IST