Punjab National Bank (PNB) in New Delhi on Saturday reported a more than three-fold increase in standalone net profit of Rs 5,253 crore for the quarter ended June 30, 2026.
The state-run bank had posted a net profit of Rs 1,675 crore in the same period last year.
Total revenue in the quarter under review remained static at Rs 37,231 crore, PNB said in a regulatory filing.
However, the lender’s interest income increased marginally to Rs 32,897 crore, from Rs 31,964 crore in the year-ago quarter.
During the period, the bank’s operating profit rose to Rs 7,519 crore, compared to Rs 7,081 crore in the year-ago quarter.
The bank’s asset quality improved as gross non-performing assets (NPA) declined to 2.78 per cent of gross advances at the end of the June quarter, from 3.78 per cent a year ago.
Gross non-performing assets (GNPA) in absolute terms decreased by Rs 7,292 crore to Rs 35,381 crore from Rs 42,673 crore, while net non-performing assets (NNPA) decreased by Rs 699 crore to Rs 3,433 crore from Rs 4,132 crore in June 2025.
Similarly, net NPAs, or bad loans, declined to 0.26 per cent, down from 0.38 per cent in the year-ago period.
However, provisions for bad loans rose to Rs 792 crore during the first quarter, compared to Rs 396 crore in the year-ago period.
The bank’s capital adequacy ratio improved to 18.13 per cent from 17.5 per cent at the end of the first quarter of the previous financial year. PTI
