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PNB Q3 FY26: Net Profit up 13.1% to ₹5,100 Cr; GNPA drops to 3.19% with 97% PCR
Punjab National Bank reported a steady Q3 FY26 with a net profit of ₹5,100 crore, marking a 13.13% YoY growth. Asset quality showed significant improvement as Gross NPA fell to 3.19% and Net NPA reached 0.32%, supported by a high Provision Coverage Ratio of 96.99%. While Net Interest Margins (NIM) saw a slight dip due to rate cuts and deposit dynamics, the bank maintained a healthy credit growth of 10.9% YoY. Management's focus on digital transformation and a prudent floating provision of ₹955 crore for ECL transition strengthens the long-term balance sheet.
Key Highlights
Net Profit grew 13.13% YoY to ₹5,100 crore, while Operating Profit rose 13% to ₹7,481 crore.
Asset quality improved significantly with GNPA at 3.19% and NNPA at 0.32%, supported by a robust PCR of 96.99%.
Global advances increased by 10.9% YoY to ₹12.31 trillion, with the CD ratio rising to 74.2%.
Bank made additional floating provisions of ₹955 crore in Q3 to prepare for future ECL implementation, bringing total floating provisions to ₹1,775 crore.
Capital Adequacy Ratio (CRAR) remains strong at 16.77% with CET1 at 12.52%, well above regulatory requirements.
💼 Action for Investors
Investors should find confidence in the bank's consistent asset quality improvement and proactive provisioning for future regulatory changes. The stock remains a strong contender in the PSU banking space, though monitoring NIM stability in a potential rate-cut cycle is advised.