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Strong asset quality and business expansion drive PNB’s Q4 FY26 performance
Anytime News Network | Pooja Srivastava
Punjab National Bank (PNB), one of India’s leading public sector banks, has announced its financial results for the quarter and year ended March 31, 2026, showcasing a stable growth trajectory backed by improved asset quality and expanding business operations.
The bank reported a net profit of ₹16,904 crore for FY26, marking a year-on-year growth of 1.6%. For the fourth quarter (Q4 FY26), net profit rose significantly to ₹5,225 crore compared to ₹4,567 crore in Q4 FY25, reflecting a strong 14.4% growth. Operating profit for the full year stood at ₹29,290 crore, up 9.2% YoY, while Q4 operating profit increased by 10.7% to ₹7,500 crore.
PNB demonstrated notable improvement in asset quality, with Gross Non-Performing Assets (GNPA) declining to 2.95% from 3.95% a year ago. Net NPA also reduced to 0.29%, highlighting effective risk management and recovery mechanisms. Provision Coverage Ratio improved further to 97.14%, strengthening the bank’s financial resilience.
On the business front, the bank’s global business expanded by 10.7% to ₹29.70 lakh crore. Global deposits grew 9.2% to ₹17.11 lakh crore, while advances surged 12.7% to ₹12.59 lakh crore. CASA deposits stood at ₹6.09 lakh crore, with a CASA ratio of 37%, reflecting a stable low-cost deposit base.
Sector-wise growth remained robust, with retail credit rising 8.3%, MSME advances growing 19.9%, and agriculture advances increasing by 10.7%. Vehicle loans recorded a sharp growth of 35.1%, while housing loans also showed steady expansion.
The bank’s capital adequacy ratio (CRAR) improved to 17.74%, ensuring strong capital buffers. Efficiency indicators also showed progress, with higher business per employee and per branch, indicating improved productivity.
Importantly, PNB exceeded all national targets under priority sector lending, reaffirming its commitment to inclusive growth and economic development.
Overall, PNB’s FY26 performance reflects a balanced combination of profitability, asset quality improvement, and sustainable business growth, positioning the bank strongly for future expansion.
