Gross Non-Performing Assets (GNPA) declined by Rs7,239 Crore to Rs40,343 Crore as on September’25 from Rs47,582 Crore as on September’24.
FinTech BizNews Service
Mumbai, October 18, 2025: Punjab National Bank (PNB) today announced its Q2 Financial Results for FY’26.
Deposits
Savings Deposits increased to Rs 5,08,964 Crore registering a Y-o-Y growth of 4.2%.
Current Deposits increased to Rs 74,215 Crore registering a Y-o-Y growth of 9.0%.
CASA Deposits increased to Rs 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 Rs 10,33,902 Crore as
on September’25.
Advances
Total Retail credit increased by 8.8% Y-o-Y to Rs 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 Rs 1,24,099 Crore.
• Vehicle loan posted a growth of 30.9% Y-o-Y to reach Rs 29,512 Crore.
Agriculture Advances grew by 13.0% on Y-o-Y basis to Rs1,83,987 Crore.
MSME Advances increased Y-o-Y by 18.6% to Rs 1,79,220 Crore.
Asset Quality
Gross Non-Performing Assets (GNPA) declined by Rs7,239 Crore to Rs40,343 Crore as on
September’25 from Rs47,582 Crore as on September’24.
Net Non-Performing Assets (NNPA) declined by Rs648 Crore to Rs4,026 Crore as on
September’25 from Rs4,674 Crore as on September’24.
Profitability
Net Profit for Q2 FY’26 was at Rs4,904 Crore recording growth of 14.0% on YoY basis.
Operating Profit for Q2 FY’26 was at Rs7,227 Crore and Rs14,308 Crore for HY1FY’26
recording growth of 5.46% and 6.51%, respectively on YoY basis.
Net Interest Income for HY1FY’26 was at Rs21,047 Crore recording growth of 0.26% on YoY
basis.
Total Income for Q2 FY’26 was at Rs36,214 Crore and Rs73,445 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 Rs31,872 Crore and Rs63,835 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 Rs21,403 Crore and Rs42,789 Crore for
HY1FY’26, increased by 10.6% and 14.3%, respectively on YoY basis.
Operating Expenses declined YoY by 7.9% to Rs7,584 Crore for Q2 FY’26 as compared to
Rs8,235 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.
Efficiency/Productivity Ratio
Global Yield on Advances was at 7.90% in Q2 FY’26 and 8.02% in HY1 FY’26.
Global Cost of Deposits increased YoY by 11 bps to 5.25% for HY1FY’26.
Yield on Investment stood at 6.93% in Q2 FY’26 and 6.89% for HY1FY’26.
Return on Assets (RoA) improved to 1.05% in Q2 FY’26 from 1.02% in Q2 FY’25.
Return on Equity (RoE) stood at 17.95% in Q2 FY’26 and 12.63% in HY1FY’26.
Business per employee improved to Rs27.62 Crore as on September’25 from Rs25.26 Crore as
on September’24. Business per branch improved to Rs263.06 Crore as on September’25 from
Rs240.72 Crore as on September’24.
Net profit per employee improved to Rs19.97 lakh in Q2 FY’26 from Rs17.63 lakh in Q2 FY’25.
Net profit per branch improved to Rs190.18 lakh in Q2 FY’26 from Rs168.03 lakh in Q2 FY’25.
Priority Sector Achievement
Priority Sector Advances exceeded the National Goal of 40% and stands at 42.29% of
ANBC.
Agriculture advances exceeded the National Goal of 18% and stands at 18.04% of ANBC.
Credit to Small & Marginal Farmers exceeded the National Goal of 10% and stands at
10.56% of ANBC.
Credit to Weaker Sections surpassed the National Goal of 12% and stands at 13.82% of
ANBC
Credit to Micro Enterprises surpassed the National Goal of 7.50% and stands at 10.01% of ANBC.
Financial Inclusion
PMJDY accounts increased to 551 Lakhs as on September’25 from 526 Lakh as on
September’24.
Digital Progress and Initiatives
Number of Digital Transactions increased to 313 Crores in Q2 FY’26 from 239 Crores in Q2
FY’25 registering a growth of 31% on Y-o-Y basis.
Number of WhatsApp Banking users increased to 83.4 Lakh as on 30.09.2025 from
43.5 Lakh as on 30.09.2024 registering a growth of 92% on Y-o-Y basis.
Number of UPI Transactions through PNB One increased to 110 Lakhs in Q2 FY’26 from
72 lakhs in Q2 FY’25 registering a growth of 53% on YoY basis.
Number of PNB One Biz (Corporate M-Banking App with 200+ features) users as on
30.09.2025 is 1.94 Lakh.
Digital transactions accounted for approximately 95% of the Bank’s total transactions in Q2
FY’26.
Total amount sanctioned and disbursed through Digital Lending Journeys crossed Rs7648
Crore in Q2 FY’26.
Recognized by RBI & Government for innovative implementation, leading from the front on
adoption and innovative use cases.
New initiatives undertaken:
o ‘RAHEE’- Gen AI Powered Chatbot made live for Bank Employee.
o UIDAI face authentication for UPI PIN setup or reset.
o Five non-financial services now on Gen AI Chatbot, ‘PIHU’.
o Spend Analyser functionality live on PNB One Mobile App & Retail IBS.
Distribution Network
As on 30th September 2025, the Bank has 10,228 domestic branches and 2 International
Branches. Out of total no. of branches, Bank has 63.3% branches in Rural & Semi-Urban
areas.
The bank has 11,187 ATMs and 32,278 BCs as part of its distribution network making
the total number of 53,693 touch points as on 30.09.2025.
