For the April–June quarter of the current fiscal year 2027, Punjab National Bank (PNB) declared a net profit of Rs 5,253 crore on Saturday. This is a 214% year-over-year (YoY) increase from Rs 1,675 crore reported in the same period of the previous fiscal year.
Sequentially, however, net profit increased from Rs 5,225 crore reported in the previous three months by just over 0.5% QoQ.
In the first quarter of FY27, the PSU lender's net interest income (NII) increased from Rs 10,578 crore to Rs 10,798 crore, an increase of more than 2% year over year.
While total term deposits rose by around 9% YoY to Rs 10.21 lakh crore, PNB's current account savings account deposits surged by about 8% YoY to Rs 5.69 lakh crore. Global advances, on the other hand, increased by almost 13% year over year to Rs 12.73 lakh crore. Return on assets (RoA) for the PSU lender dropped from Rs 1.06% in Q4 FY26 to 1.04% in Q1 FY27 from 0.37% in Q1 FY26. In contrast, during the reviewed quarter, Return on Equity (RoE) was 17.33%. Gross non-performing assets (NPAs) decreased to 2.78% at the end of the June quarter from 3.78% a year earlier, indicating an improvement in PNB's asset quality.
Gross Non-Performing Assets (GNPA) in absolute terms declined by Rs 7,292 crore to Rs 35,381 crore from Rs 42,673 crore, while Net Non-Performing Assets (NNPA) eased by Rs 699 crore to Rs 3,433 crore from Rs 4,132 crore as on June 2025. Similarly, net NPAs, or bad loans, declined to 0.26%, as against 0.38% in the year-ago period.
However, provisions for bad loans rose to Rs 792 crore during the first quarter, as compared to Rs 396 crore in the same period a year ago. The bank’s capital adequacy ratio improved to 18.13% from 17.5% at the end of the first quarter of the previous financial year.
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