Punjab National Bank delivered robust double-digit growth across its global and domestic operations in the quarter ended September 30, 2026. According to the bank's latest business update, global business rose 12% year-on-year to ₹31.2 lakh crore, while domestic business grew 10.8% from a year earlier to ₹29.7 lakh crore. This performance builds on the bank's Q1FY27 results where global business crossed the ₹30-lakh-crore mark, indicating sustained momentum across core banking operations. The bank's global business stood at ₹27.87 lakh crore as of September 30, 2025, and ₹29.98 lakh crore at the end of June 2026, with quarter-on-quarter growth of 4.06%.
The public sector lender demonstrated strong growth in both deposit mobilization and lending activities. Global deposits advanced 9.9% year-on-year to ₹17.8 lakh crore, while domestic deposits rose 9.4% to ₹17.1 lakh crore. On the lending front, global advances grew 14.8% year-on-year to ₹13.4 lakh crore, with domestic advances increasing 12.6% from a year earlier to ₹12.6 lakh crore. This lending growth significantly outpaced deposit growth, indicating effective asset mobilization and deployment strategies. The bank's global credit-deposit ratio stood at 75.56%, compared with 73.81% at the end of June 2026 and 72.33% a year earlier.
In Q1FY27, PNB reported strong financial results with net profit tripling year-on-year to ₹5,253 crore compared to ₹1,675 crore in the corresponding period last year. Net interest income rose 2% to ₹10,798 crore from ₹10,578 crore, while operating profit surged 6% to ₹7,519 crore from ₹7,081 crore in the year-ago period. However, provisions doubled to ₹792 crore from ₹396 crore in the previous year, reflecting increased credit costs.
The bank showed improvement in asset quality metrics during Q1FY27. Net NPA declined 1 basis point to 0.28% from 0.29%, while Gross NPA fell 17 basis points to 2.78% from 2.95%. Fresh slippages came in at ₹2,080 crore, down from ₹1,886 crore year-on-year and ₹2,758 crore quarter-on-quarter. Domestic Net Interest Margin jumped 3 basis points to 2.64% from 2.61% quarter-on-quarter, though it declined year-on-year from 2.84%.
