Punjab National Bank (PNB) on Saturday reported a net profit of Rs 5,253 crore for the April-June quarter of the ongoing financial year 2027, marking a 214% year-on-year (YoY) surge from Rs 1,675 crore reported in the corresponding quarter of the previous financial year.
Sequentially, however, net profit rose marginally by a little over 0.5% QoQ from Rs 5,225 crore reported in the preceding three months.
The PSU lender's net interest income (NII) rose over 2% YoY to Rs 10,798 crore during the first quarter of FY27, from Rs 10,578 crore a year ago.
PNB’s current account savings account deposits increased around 8% YoY to Rs 5.69 lakh crore, while total term deposits increased nearly 9% YoY to Rs 10.21 lakh crore. Global advances meanwhile grew around 13% YoY to Rs 12.73 lakh crore.
The PSU lender’s return on assets (RoA) increased to 1.04% in Q1 FY27 from 0.37% in Q1 FY26, but decreased from Rs 1.06% in Q4 FY26. Return on Equity (RoE) meanwhile stood at 17.33% during the quarter under review.
PNB’s asset quality improved, with gross non-performing assets (NPAs) declining to 2.78% at the end of the June quarter, from 3.78% a year ago. Gross Non-Performing Assets (GNPA) in absolute terms declined by Rs 7,292 crore to Rs 35,381 crore from Rs 42,673 crore, while Net Non-Performing Assets (NNPA) eased by Rs 699 crore to Rs 3,433 crore from Rs 4,132 crore as on June 2025. Similarly, net NPAs, or bad loans, declined to 0.26%, as against 0.38% in the year-ago period.
However, provisions for bad loans rose to Rs 792 crore during the first quarter, as compared to Rs 396 crore in the same period a year ago. The bank’s capital adequacy ratio improved to 18.13% from 17.5% at the end of the first quarter of the previous financial year.
