PNB Q4 Net Profit Rises to ₹52B YoY, GNPA Improves; ₹3 Dividend Declared
May 05, 2026
Punjab National Bank reported Q4 net profit of ₹52B, up from ₹45.7B YoY and above estimates of ₹46B, with interest earned at ₹321B. Asset quality improved with GNPA at 2.95% vs 3.19% QoQ and NNPA at 0.29% vs 0.32% QoQ, while NPA provisions fell to ₹9B from ₹13B QoQ. The board approved FY26 audited results, recommended a ₹3 per share dividend, and scheduled the 25th AGM for June 20, 2026.
Punjab National Bank 's Board of Directors convened on May 5, 2026, and approved the audited standalone and consolidated financial results for the quarter and year ended March 31, 2026. The bank reported a strong quarterly performance, with net profit rising to ₹52B against ₹45.7B in the same period last year, surpassing analyst estimates of ₹46B. The board also recommended a dividend and scheduled the bank's upcoming Annual General Meeting.
Q4 Financial Highlights
Punjab National Bank delivered a robust set of quarterly results, with interest earned at ₹321B compared to ₹320B in the same period last year. Provisions for non-performing assets declined sharply to ₹9B from ₹13B on a sequential basis, reflecting improved credit quality. The key Q4 performance metrics are summarised below:
Metric: Q4 (Current) Comparison Change Net Profit (Standalone): ₹52B ₹45.7B (YoY) Above est. ₹46B Interest Earned: ₹321B ₹320B (YoY) Increase Provisions for NPAs: ₹9B ₹13B (QoQ) Decline Gross NPA (%): 2.95% 3.19% (QoQ) Improvement Net NPA (%): 0.29% 0.32% (QoQ) Improvement
Key Board Decisions
The board meeting, which commenced at 11:10 a.m. and concluded at 12:35 p.m., resolved three significant matters for stakeholders. The following decisions were taken:
Agenda Item: Details Financial Results: Approved audited standalone and consolidated results for the quarter/year ended March 31, 2026 Dividend Recommendation: ₹3.00 per equity share (150%) of face value ₹2/- each for FY 2025-26, subject to shareholder approval at AGM Annual General Meeting: 25th AGM scheduled for June 20, 2026 at 11:00 a.m. (IST) via Video Conferencing (VC)/Other Audio Visual Means (OAVM)
Full-Year Financial Results Overview
The audited financial results were reviewed and recommended by the Audit Committee of the Board prior to approval. The statutory central auditors issued their audit report with an unmodified opinion on both the standalone and consolidated financial statements for the year ended March 31, 2026. Key full-year financial metrics from the results are presented below:
Metric: Standalone Consolidated Capital Adequacy Ratio (Basel III): 16.77% 17.01% CET 1 Ratio: 12.52% 12.33% Gross NPA (%): 3.95% 3.95% Net NPA (%): 0.40% 0.40% Return on Assets (Annualised): 0.86% 0.86% Provisioning Coverage Ratio (incl. TWO): 97.14% — Paid-up Equity Share Capital: ₹229859 lacs ₹229859 lacs
Asset Quality and Provisioning
As on March 31, 2026, Punjab National Bank held a floating provision of ₹2045 Crore, compared to ₹750 Crore as at March 31, 2025. The bank maintained an additional provision of ₹107.24 Crore on standard accounts restructured under COVID-19 Resolution Frameworks 1.0 and 2.0, against ₹109.73 Crore at the end of the previous quarter. For accounts under the Insolvency & Bankruptcy Code (IBC), the bank held total provisions of ₹6774.86 Crore, with aggregate provision for RBI List 1 and List 2 accounts at 100% as on March 31, 2026.
The bank held an additional provision of ₹2429.77 Crore as on March 31, 2026 in 15 accounts under RBI's stressed assets resolution directions, covering total banking exposure of ₹1,500.00 Crore and above. Provision for Unhedged Foreign Currency Exposure stood at ₹228.08 Crore as on March 31, 2026, compared to ₹237.12 Crore as on March 31, 2025.
Summarised Assets and Liabilities
The following table presents key balance sheet figures as on March 31, 2026:
Parameter: Standalone (₹ in Lacs) Consolidated (₹ in Lacs) Deposits: 171112633 172479542 Borrowings: 8231432 10755840 Total Assets/Liabilities: 198589247 203333095 Investments: 49411184 52351452 Advances: 122529230 123798005 Cash & Balances with RBI: 10109155 10323981
Key Regulatory and Operational Disclosures
During the quarter ended March 31, 2026, the bank exercised a call option on Basel III compliant Additional Tier 1 (AT1) Bonds of ₹495.00 Crore and redeemed Basel III compliant Tier II Bonds of ₹1500.00 Crore due to maturity. For the full year ended March 31, 2026, the bank exercised call options on AT1 Bonds of ₹495.00 Crore and redeemed or exercised call options on Tier II Bonds of ₹4994.00 Crore.
During the quarter ended June 30, 2025, the bank opted for the lower tax regime under Section 115BAA of the Income Tax Act, 1961 with effect from FY 2025-26, resulting in a one-time charge of ₹3,324.24 Crore in the profit and loss account due to remeasurement of deferred tax assets and release of certain income tax provisions. Tax expenses for the year ended March 31, 2026 have been measured at applicable rates under Section 115BAA.
As on March 31, 2026, 8 Digital Banking Units (DBUs) of the bank are operational. The bank's Co-Lending Arrangements (CLA) had total loans disbursed of ₹838.54 Crore and total loans outstanding of ₹811.88 Crore as on March 31, 2026, with standard loans at ₹1304.19 Crore and NPA loans at ₹26.66 Crore.
Trading Window and Regulatory Compliance
In compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015, the trading window for dealing in Punjab National Bank shares was closed from April 1, 2026. The window is scheduled to reopen on May 7, 2026. The board meeting outcome was communicated to both the National Stock Exchange of India Limited and BSE Limited under Regulations 30 and 51 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The statutory auditors confirmed an unmodified audit opinion on both standalone and consolidated financial results. The communication was digitally signed by Company Secretary Bikramjit Shom on May 5, 2026.
Parameter: Timeline Trading Window Closure Start: April 1, 2026 Board Meeting Date: May 5, 2026 Trading Window Reopening: May 7, 2026 25th AGM Date: June 20, 2026
Source: None/Company/INE160A01022/e76ec91f-0890-4e74-a5a1-f193ce9dd132.pdf
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Q4 Financial Highlights
Punjab National Bank delivered a robust set of quarterly results, with interest earned at ₹321B compared to ₹320B in the same period last year. Provisions for non-performing assets declined sharply to ₹9B from ₹13B on a sequential basis, reflecting improved credit quality. The key Q4 performance metrics are summarised below:
Metric: Q4 (Current) Comparison Change Net Profit (Standalone): ₹52B ₹45.7B (YoY) Above est. ₹46B Interest Earned: ₹321B ₹320B (YoY) Increase Provisions for NPAs: ₹9B ₹13B (QoQ) Decline Gross NPA (%): 2.95% 3.19% (QoQ) Improvement Net NPA (%): 0.29% 0.32% (QoQ) Improvement
Key Board Decisions
The board meeting, which commenced at 11:10 a.m. and concluded at 12:35 p.m., resolved three significant matters for stakeholders. The following decisions were taken:
Agenda Item: Details Financial Results: Approved audited standalone and consolidated results for the quarter/year ended March 31, 2026 Dividend Recommendation: ₹3.00 per equity share (150%) of face value ₹2/- each for FY 2025-26, subject to shareholder approval at AGM Annual General Meeting: 25th AGM scheduled for June 20, 2026 at 11:00 a.m. (IST) via Video Conferencing (VC)/Other Audio Visual Means (OAVM)
Full-Year Financial Results Overview
The audited financial results were reviewed and recommended by the Audit Committee of the Board prior to approval. The statutory central auditors issued their audit report with an unmodified opinion on both the standalone and consolidated financial statements for the year ended March 31, 2026. Key full-year financial metrics from the results are presented below:
Metric: Standalone Consolidated Capital Adequacy Ratio (Basel III): 16.77% 17.01% CET 1 Ratio: 12.52% 12.33% Gross NPA (%): 3.95% 3.95% Net NPA (%): 0.40% 0.40% Return on Assets (Annualised): 0.86% 0.86% Provisioning Coverage Ratio (incl. TWO): 97.14% — Paid-up Equity Share Capital: ₹229859 lacs ₹229859 lacs
Asset Quality and Provisioning
As on March 31, 2026, Punjab National Bank held a floating provision of ₹2045 Crore, compared to ₹750 Crore as at March 31, 2025. The bank maintained an additional provision of ₹107.24 Crore on standard accounts restructured under COVID-19 Resolution Frameworks 1.0 and 2.0, against ₹109.73 Crore at the end of the previous quarter. For accounts under the Insolvency & Bankruptcy Code (IBC), the bank held total provisions of ₹6774.86 Crore, with aggregate provision for RBI List 1 and List 2 accounts at 100% as on March 31, 2026.
The bank held an additional provision of ₹2429.77 Crore as on March 31, 2026 in 15 accounts under RBI's stressed assets resolution directions, covering total banking exposure of ₹1,500.00 Crore and above. Provision for Unhedged Foreign Currency Exposure stood at ₹228.08 Crore as on March 31, 2026, compared to ₹237.12 Crore as on March 31, 2025.
Summarised Assets and Liabilities
The following table presents key balance sheet figures as on March 31, 2026:
Parameter: Standalone (₹ in Lacs) Consolidated (₹ in Lacs) Deposits: 171112633 172479542 Borrowings: 8231432 10755840 Total Assets/Liabilities: 198589247 203333095 Investments: 49411184 52351452 Advances: 122529230 123798005 Cash & Balances with RBI: 10109155 10323981
Key Regulatory and Operational Disclosures
During the quarter ended March 31, 2026, the bank exercised a call option on Basel III compliant Additional Tier 1 (AT1) Bonds of ₹495.00 Crore and redeemed Basel III compliant Tier II Bonds of ₹1500.00 Crore due to maturity. For the full year ended March 31, 2026, the bank exercised call options on AT1 Bonds of ₹495.00 Crore and redeemed or exercised call options on Tier II Bonds of ₹4994.00 Crore.
During the quarter ended June 30, 2025, the bank opted for the lower tax regime under Section 115BAA of the Income Tax Act, 1961 with effect from FY 2025-26, resulting in a one-time charge of ₹3,324.24 Crore in the profit and loss account due to remeasurement of deferred tax assets and release of certain income tax provisions. Tax expenses for the year ended March 31, 2026 have been measured at applicable rates under Section 115BAA.
As on March 31, 2026, 8 Digital Banking Units (DBUs) of the bank are operational. The bank's Co-Lending Arrangements (CLA) had total loans disbursed of ₹838.54 Crore and total loans outstanding of ₹811.88 Crore as on March 31, 2026, with standard loans at ₹1304.19 Crore and NPA loans at ₹26.66 Crore.
Trading Window and Regulatory Compliance
In compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015, the trading window for dealing in Punjab National Bank shares was closed from April 1, 2026. The window is scheduled to reopen on May 7, 2026. The board meeting outcome was communicated to both the National Stock Exchange of India Limited and BSE Limited under Regulations 30 and 51 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The statutory auditors confirmed an unmodified audit opinion on both standalone and consolidated financial results. The communication was digitally signed by Company Secretary Bikramjit Shom on May 5, 2026.
Parameter: Timeline Trading Window Closure Start: April 1, 2026 Board Meeting Date: May 5, 2026 Trading Window Reopening: May 7, 2026 25th AGM Date: June 20, 2026
Source: None/Company/INE160A01022/e76ec91f-0890-4e74-a5a1-f193ce9dd132.pdf
We’re building Scanx - to help you express your trading & investing idea, to help you analyse the markets better.
Stock Markets are the true indicator of the growth of any country's economy. We are bullish on India, we are bullish on India's prospects to be one of largest economies of the world. We believe that Stock Markets provide an unique opportunity for all Indians to participate in the growth story of India. We are enabling the same for Indians.
As financial services are becoming more accessible, there is now a large set of Indians today who are financially aware and literate. They value time and seek high quality products & services. Most screening, trading, investing platforms available today are more or less similar to each other, and they have not evolved with time. While both traders & investors have gotten smart about how they make money and build wealth, as users they have continued to use the same products, features, and platforms that were available for years with little or no innovation.
We plan to change that - a technology-led and artificial intelligence enabled platform built for super traders and long term investors.
Disclaimer:
The data and information provided on this website is for general informational and research purposes only. While we strive to ensure that the content is accurate, up-to-date, and reliable, this platform utilizes artificial intelligence (AI) tools to generate, curate, and summarize information. As such, the content may occasionally contain errors, omissions, or outdated information. All users are therefore advised to cross verify the source of the data and information.
This website does not constitute professional, legal, financial, medical, or any other form of licensed advice. Users are encouraged to independently verify any information before relying on it, especially for decisions that may have legal, financial, or personal consequences.
The views, analyses, and summaries presented on this platform may be generated or assisted by AI and do not necessarily reflect the opinions of the website owners, operators, editors, or affiliates.
We make no warranties or representations, express or implied, regarding the completeness, accuracy, reliability, suitability, or availability of the information contained on this website. Any reliance you place on such information is strictly at your own risk.
This website may include links to third-party sources or content. We do not control or endorse the nature, accuracy, or availability of those external sites and are not responsible for any content or damages arising from their use.
By using this website, you acknowledge and agree that the use of AI-generated content involves inherent limitations, uncertainties and inaccuracies, and you accept full responsibility for how you interpret and use the information provided.
We reserve the right to modify, update, or remove content and this disclaimer at any time without prior notice.