Punjab National Bank(PNB)

NSE: PNBBSE: 532461

₹ 119.9-0.37%refreshed 26 Oct, 01:58 pm ISTMarket cap: ₹ 1.38 L crWebsite: www.pnbindia.inUpdated: 24 Oct 2026

About

Punjab National Bank is an Indian public sector bank that offers corporate, retail, MSME, agriculture and treasury banking services. As of September 2026, its global advances were ₹13,42,693 crore and global deposits were ₹17,77,097 crore, for total global business of ₹31,19,790 crore. Corporate/Wholesale Banking was its largest segment in FY26, at 38.0% of segment revenue.^[1][2]

Business segments

Corporate/Wholesale Banking revenue was Rs 56,734.27 Cr in FY26, the largest segment at 38.0% of segment revenue.^[3]
Treasury revenue was Rs 44,781.17 Cr in FY26, 30.0% of segment revenue. Its share fell 1.8 percentage points over FY2020-FY2026.^[3][2]
Retail Banking revenue was Rs 44,014.96 Cr in FY26, 29.4% of segment revenue.^[3]
Other Banking Operations revenue was Rs 3,932.90 Cr in FY26, 2.6% of segment revenue.^[3]

Loan book and deposits

Global advances grew 14.7% YoY to ₹13.41 lakh cr in Q2 FY27. Overseas advances rose 62.7%, MSME 19.8%, Agri 14.4% and Retail ex-IBPC 16.3%.^[4]
RAM (Retail, Agri, MSME) advances grew 13.6% YoY to ₹7.22 lakh cr in Q2 FY27. RAM share was 57.4%, against 56.8% a year earlier.^[4]
Management's RAM share target is 58% in FY27 and 60% over the long term.^[5]
Deposits grew 9.9% YoY in Q2 FY27, and CASA share was 36.6%. The global CD ratio was 75.56% at 30 September 2026.^[4][1]
Agriculture credit was ₹1,96,683 Crore in FY26, 18.09% of ANBC against the 18.00% target.^[3]
The gold loan book doubled to ₹31,888 crore (+103% YoY) in Q1 FY27, with 3,400 more branches onboarded for gold lending.^[6]

Key operating metrics

Quarterly NIM was 2.58% in Q2 FY27, up from 2.50% in Q1 FY27.^[4]
GNPA was 2.55% in Q2 FY27 (-90 bps YoY) and NNPA 0.25% (-11 bps YoY). SMA-2 above ₹5 cr fell to 0.09%.^[4]
PCR (incl. TWO) was 97.32% in Q2 FY27 (+41 bps YoY). The slippage ratio was 0.77% in Q2 FY27.^[4]
Credit cost was 0.25% in H1 FY27. CRAR was 17.95% in Q2 FY27, and CET-1 was 13.62% as of March 2026.^[4][6]
Cost-to-income was 50.45% in Q2 FY27, against 50.31% in Q1 FY27. Management's target is 47%-48% by the end of FY27.^[4][6]
RoA was 1.05% in Q2 FY27.^[4]
Treasury income fell 57.4% YoY to ₹753 cr in Q2 FY27.^[4]
In Q4 FY26 the daily average LCR was 125.76%, against a 100% requirement. NSFR was 124.01%.^[3]

Network, digital and customers

The bank added 144 branches in FY26 and plans 250 more in FY27, mainly in the Southern and Western regions. A new zonal office has opened in Bengaluru.^[5]
Digital loan sanctions were ₹22,018 crore across 5,88,720 accounts in Q2 FY27, against ₹19,079 crore across 5,06,909 accounts in Q1 FY27.^[4][6]
Digital transactions were more than 95% of the total as of FY26. Mobile and internet banking offer over 350 features.^[3]
Cumulative digital lending sanctions reached ₹1 Lakh Crore by FY26. The bank targets another ₹1 lakh crore during FY27.^[3]
Salary-account tie-ups include the Central Government, Railways, the Indian Army, Coal India, BSNL and CRPF (FY26).^[3]
Under the Agriculture Infrastructure Fund, PNB has sanctioned 6,237 projects worth ₹9,919 Crore (FY26).^[3]
Druk PNB Bank in Bhutan has 9 branches and 30 ATMs. The bank has Rupee Drawing Arrangements with 7 exchange houses for NRI remittances (FY26).^[3]

Products and fee verticals

Digital products include Digi MSME Prime (up to ₹10 crore, end-to-end), Digi Saarthi, Tractor Xpress and e-PM SVANidhi 2.0.^[5]
New deposit products in FY26 include the PNB Kisan Savings Account and the Smart GIG Savings Account for gig workers.^[3]
A supply chain finance vertical was built in FY26 and had a ₹4,500 crore sanction book as of Q3 FY26.^[7]
Cash management services and credit card verticals were created in FY26. The credit card range includes the PNB LUXURA metal card.^[7]
PSLC purchase expense fell from ₹893 crore in Q1 FY26 to ₹360 crore in Q1 FY27.^[6]

Expansion and investment plans

Total capital expenditure was ₹1180 crore in FY26.^[3]
The FY27 IT and digital budget is ₹3,400 crore, covering the data centre, AI/GenAI and quantum technology initiatives.^[6]
The FCNR(B) deposit target for FY27 is USD 2.5 billion. USD 425 million had been raised as of the Q1 FY27 call.^[6]
The gold loan target is ₹59,000-60,000 crore by the end of FY27. The bank targets net PSLC seller status by FY28.^[6]
One-time ECL transitional provisioning is estimated at ₹9,500-10,000 crore, net of ₹2,435 crore of floating provisions. The ECL regime takes effect on 1 April 2027.^[6]
Management guides PCR (incl. TWO) to stay above 96% in FY27.^[4]
The net zero target is FY2031 for Scope 1 and 2 emissions, and 2060 including Scope 3.^[3]

Recent developments

Provisional figures for the half year ended 30 September 2026 put global business at ₹31,19,790 crore, up 11.95% YoY and 4.06% QoQ (filed 2 October 2026).^[1]
About ₹34,000-35,000 crore of low-yielding corporate advances (yield below 7%) were shed in Q1 FY27.^[6]
Provisions were ₹97 cr in Q2 FY27, against ₹643 cr a year earlier.^[4]
The FY26 annual report notes 7 vacant board positions. The Audit Committee was non-functional from 11.06.2025 to 28.08.2025.^[3]
IBU GIFT City joined the India International Bullion Exchange for gold imports from 1 December 2025.^[3]
No external capital was raised in FY26, although ₹5,489 crore of AT1/Tier-2 bonds matured.^[5]
Ashok Chandra was appointed MD & CEO from 16 January 2025 for three years.^[8]

Market Cap

₹1,37,800 Cr

High / Low

₹135 / 99

Stock P/E

6.0

Price / Book

0.9

Book Value

₹128

EPS

₹16.0

No. of Shares

1,149.29 Cr

ROE

13.0%

Sales

₹1,30,772 Cr

Net Profit

₹18,467 Cr

Promoter holding

70.1%

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Punjab National Bank(PNB)

About

Business segments

Loan book and deposits

Key operating metrics

Network, digital and customers

Products and fee verticals

Expansion and investment plans

Recent developments

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