Punjab National Bank(PNB)’s Q4FY26 net profit rose 14.4 percent year-on-year to Rs 5,225 crore, even as its core interest income moderated during the period. The PSU lender’s net interest income (NII) declined 3.5 percent YoY to Rs 10,380 crore from Rs 10,757 crore in the year-ago quarter.
The country's third biggest PSU lender posted a domestic net interest margin of 2.61 percent for Q4 FY26, as compared to 2.96 percent in the previous fiscal year, narrowing by nearly 30 basis points.
PNB's asset quality improved sequentially. Gross non-performing assets (GNPA) ratio eased to 2.95 percent in Q4 from 3.19 percent in the previous quarter, while net NPA (NNPA) ratio narrowed to 0.29 percent from 0.32 percent QoQ.
Provisions declined sharply on a sequential basis. The bank reported provisions of Rs 424 crore in the January-March quarter, down from Rs 1,150 crore in the October-December quarter, though slightly higher than Rs 360 crore in the year-ago period.
PNB's total term deposit witnessed a growth of 10.9 percent on YoY basis to Rs 11.01 lakh crore as on 31st March’26, while total retail credit increased by 8.3 percent YoY to Rs 2.81 lakh crore, as of the end of the March quarter.
Moreover, the lender's return on assets (RoA) improved by 4 bps to 1.06 percent in Q4 FY26 from 1.02 percent in Q4 FY’25. Additionally, the bank's tier-1 capital adequacy ratio improved to 13.62 percent in the March quarter from 12.33 percent in the previous corresponding quarter.
PNB’s board also recommended a dividend of Rs 3 per share (face value Rs 2 each) for FY26.
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