Punjab National Bank(PNB) LBO Recruitment 2026 Notification Out (545 Posts), Apply Online Started, Check Details

Punjab National Bank(PNB) Recruitment 2026 announcement for 545 Local Bank Officer (LBO) positions in Junior Management Grade Scale-I (JMGS-I) has been announced by Punjab National Bank (PNB). Candidates may apply for only one of the 17 states where the positions are open, as long as they fulfill the requirements and speak the state's native tongue. The online application period will begin on July 20, 2026, and run until August 9, 2026. For comprehensive information on openings, eligibility, age restrictions, pay, the selection procedure, crucial dates, and the online application process, candidates can review the notification.

Important Dates

• Notification Release Date: 20 July 2026
• Online Application Start Date: 20 July 2026
• Last Date to Apply Online: 09 August 2026 (11:59 PM)
• Online Examination: August / September 2026 (Tentative)
• Admit Card: To Be Released Soon

Educational Qualification

Post Name	Educational Qualification
Local Bank Officer (LBO)	Bachelor’s Degree in any discipline from a recognized university, knowledge of the local language of the applied state, and a minimum of 1 year of relevant work experience.

Vacancy Details

Post Name	Vacancies
Local Bank Officer (LBO)	545

PNB LBO Recruitment 2026 Notification & Apply Online

• Download Notification PDF
• Click Here to Apply Online

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Indian Overseas Bank(IOB) Q1 net profit rises 49%

 

Aided by robust growth in net interest income and non-interest revenue, Indian Overseas Bank (IOB) stated on Monday that its net profit for the first quarter of FY27 increased by 49.32 percent year over year to ₹1,659 crore from ₹1,111 crore in the same time last year. Net profit increased by 10.23 percent from ₹1,505 crore in Q4 of FY26.

 

The quarter's net interest income (NII) was ₹3,688 crore, up 34.30 percent from the same period last year. This was due to the ongoing moderation in the cost of deposits, which decreased to 4.70 percent from 5.10 percent.

 

Priority sector lending certificate (PSLC) commission increased more than thrice to ₹863 crore, driving a 45.85 percent year-over-year increase in non-interest income to ₹2,160 crore.

Non-interest income has shown a growth of 45.85 per cent, primarily driven by PSLC sales and recovery from technically written-off accounts, in addition to normal non-interest income," said Ajay Kumar Srivastava, Managing Director and CEO of Indian Overseas Bank.

 

The bank's domestic net interest margin (NIM) improved by 31 basis points year-on-year to 3.48 per cent in the June quarter, while global NIM rose by 33 basis points to 3.37 per cent.

 

Total provisions declined 1.18 per cent year-on-year to ₹834 crore from ₹844 crore in Q1 FY26, even as they fell 17.10 per cent sequentially from ₹1,006 crore in Q4 FY26. Of this, NPA provisions dropped sharply by 40.45 per cent year-on-year to ₹106 crore, while other provisions rose 9.31 per cent to ₹728 crore.

Operating expenses rose 68.81 per cent year-on-year to ₹3,155 crore in Q1 FY27, driven largely by an 80.45 per cent jump in staff expenses to ₹2,104 crore. Other expenses grew 49.36 per cent to ₹1,050 crore. The sharp rise in staff costs pushed the cost-to-income ratio up to 53.95 per cent from 44.22 per cent a year earlier.

On asset quality, gross non-performing assets (GNPA) stood at ₹4,292 crore as of June 2026, down 17.11 per cent from ₹5,178 crore a year earlier. Net NPAs fell 27.94 per cent to ₹588 crore from ₹816 crore. The GNPA ratio improved to 1.33 per cent from 1.97 per cent a year ago and 1.42 per cent in the previous quarter. The net NPA ratio stood at 0.18 per cent, compared with 0.32 per cent a year ago and 0.21 per cent in Q4 FY26. The provision coverage ratio (PCR) improved to 97.67 per cent from 97.47 per cent a year earlier.

The bank's capital adequacy ratio (CRAR) stood at 19.36 per cent as of June 2026, compared with 18.28 per cent a year earlier and 19.78 per cent in the preceding quarter.

 

On the business front, global advances stood at ₹3.22 trillion as of June 2026, up 22.75 per cent year-on-year, while total deposits rose 13.72 per cent to ₹3.76 trillion, taking the bank's total business to ₹6.98 trillion, up 17.72 per cent. The retail, agriculture and MSME (RAM) segment continued to gain share, rising to 81.21 per cent of domestic advances from 73.39 per cent a year earlier, with agriculture advances up 46.84 per cent and retail advances up 36.49 per cent year-on-year.

Current and savings account (CASA) deposits grew 6.61 per cent year-on-year to ₹1.54 trillion, though the CASA ratio (as a percentage of total deposits) slipped to 41.05 per cent (global) from 43.78 per cent a year earlier as term deposits grew faster. The credit-deposit ratio rose to 85.63 per cent (global) from 79.33 per cent, up 630 basis points year-on-year.

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Punjab National Bank(PNB) Q1 Net profit surges 214% YoY

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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Punjab & Sind Bank Q1 Net profit jumps 23%

Punjab & Sind Bank, a public sector lender, announced on Saturday that its net profit for the June quarter increased by 23% to Rs 331 crore thanks to a decrease in bad debts and an improvement in core revenue. In the same quarter of the prior fiscal year, the lender had made a net profit of Rs 269 crore.

According to a regulatory statement by Punjab & Sind Bank, the total income for the June quarter rose to Rs 3,546 crore from Rs 3,379 crore in the same period of the previous fiscal year.The bank's interest earnings increased from Rs 2,911 crore in the June quarter of FY26 to Rs 3,213 crore.

The bank's net interest income also increased 15 per cent to Rs 1,038 crore from Rs 900 crore in the same quarter in the previous financial year.Net interest margin was at 2.53 per cent at the end of the quarter under review.

During the period, the operating profit of the bank increased marginally to Rs 545 crore compared to Rs 540 crore a year ago.

The bank's asset quality showed improvement as gross non-performing assets (NPAs) declined to 2.21 per cent of gross advances at the end of the June quarter from 3.34 per cent a year ago.

Its gross advance increased 19 per cent to Rs 1,19,290 crore from Rs 99,950 crore at the end of June 2025.Similarly, net NPAs, or bad loans, declined to 0.65 per cent against 0.91 per cent in the year-ago period.

As a result, provisions and contingencies dropped to Rs 94 crore during the first quarter compared to Rs 217 crore a year ago.Its provision coverage ratio (PCR) improved to 92.33 per cent from 91.77 per cent in the same quarter a year ago.

At the same time, return on assets (ROA) improved to 0.73 per cent for the first quarter of the current fiscal year, from 0.67 per cent in June 2025, it said.

Capital adequacy ratio of the bank slightly declined to 17.61 per cent from 17.9 per cent in the same quarter of FY26.The total business grew 15 per cent to Rs 2,66,420 crore from Rs 2,31,132 crore at the end of June 2025.

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IDBI Bank Q1 Net profit grows 5% YoY

For the April–June quarter of the current fiscal year 2027, IDBI Bank declared a standalone net profit of Rs 2,115 crore on Saturday. This is a 5% year-over-year (YoY) increase from Rs 2,007 crore the previous year.

From Rs 3,166 crore in Q1 FY26 to Rs 3,486 crore in Q1 FY27, the bank's net interest income—the difference between interest received and interest expenses—rose more than 10% year over year.

Although it improved year over year, IDBI Bank's asset quality has somewhat deteriorated during the March quarter. Compared to 0.15% in Q4 FY26 and 0.21% in Q1 FY26, the lender's net non-performing asset ratio was 0.16%.

Provisions and contingencies stood at a negative Rs 637 crore, as against a negative Rs 179 crore in the year-ago period. Capital adequacy ratio, meanwhile, increased to 26.92% during the quarter under review, while return on assets stood at 1.89%.

IDBI Bank’s total deposits grew 10% YoY to Rs 3.26 lakh crore, while net advances rose 22% YoY to Rs 2.59 lakh crore. Credit deposit ratio stood at 79.5%, marking an improvement by 810 bps YoY and 644 bps QoQ. Net interest margin (NIM) stood at 3.61%. The lender’s total balance sheet increased 10% YoY to Rs 4.44 lakh crore.

The company’s current account savings account ratio stood at 43.64%, marking a 99 bps fall since June last year. CASA, meanwhile, grew 7% YoY to Rs 1.42 lakh crore in Q1 FY27.

Over a longer term, IDBI Bank shares have delivered a negative return of 13% over one year, but positive returns of 50% in three years and 130% in five years. The company has a market capitalisation of nearly Rs 93,546 crore.

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HDFC Bank Q1 net profit rises 5%

For the April-June quarter (Q1 FY27), HDFC Bank Ltd. recorded a standalone net profit of Rs 19,059.72 crore on Saturday, up 4.98 percent from the same period last year but less than the CNBC-TV18 poll prediction of Rs 19,332 crore. In addition to exceeding the poll forecast of Rs 34,353 crore, net interest income (NII) increased 6.7 percent year over year to Rs 33,535.95 crore.

For the quarter, the net interest margin (NIM) was 3.26 percent on total assets and 3.40 percent on assets that generated interest.

The average deposits at the nation's biggest private lender increased by 10.8% year over year to Rs 30,386 billion, while advances increased by 13.3% YoY to Rs 30,115 billion.

On the asset quality front, gross non-performing assets (GNPAs) stood at 1.17 percent of gross advances as on June 30, 2026, compared with 1.15 percent as on March 31, 2026, and 1.40 percent a year earlier. Net non-performing assets (NNPAs) were at 0.41 percent of net advances as of June 30, 2026.

Furthermore, the bank reported a return on assets (RoA) of 1.85 percent for the June quarter. The bank’s total Capital Adequacy Ratio (CAR) as per Basel III guidelines was at 19.6 percent as of June 30, as compared to 19.9 percent, in the previous corresponding quarter.

Provisions and contingencies for the quarter stood at Rs 30.6 billion, while the total credit cost ratio was 0.40 percent.

As of June 30, 2026, the Bank’s distribution network was at 9,694 branches, as against 9,499 branches as at the end of June 2025.

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Kotak Mahindra Bank Q1 Net profit jumps 26% YoY

For the April–June quarter of the current fiscal year 2027, Kotak Mahindra Bank recorded a standalone net profit of Rs 4,123 crore on Saturday. This is a nearly 26% year-over-year (YoY) increase from Rs 3,282 crore in the same period last year.

In Q1 FY27, net interest income (NII) increased 9% year over year to Rs 7,928 crore from Rs 7,259 crore in the same time the previous year. In the meantime, the bank's net worth increased by more than 14% year over year to Rs 1.4 lakh crore.

While NPA ratios climbed sequentially, asset quality improved year over year. Net NPA increased 7.5% QoQ from Rs 1,262 crore in Q4 FY26 but decreased 11% YoY to Rs 1,358 crore in Q1 FY27 from Rs 1,531 crore in Q1 FY26.

Gross NPA, meanwhile, dropped 8% YoY to Rs 6,122 crore. Gross NPA ratio shrunk to 1.18%, while net NPA ratio stood at 0.27%. Fresh slippages witnessed a 27% YoY decline to Rs 1,321 crore during the quarter under review.

Kotak Mahindra Bank’s provision and contingencies decreased 45% YoY to Rs 668 crore, while RoE ratio stood at 11.98% during the first quarter, as against 10.94% in Q1 FY26 and 12.27% in Q4 FY26.

The private lender’s CASA ratio stood at 40.3% as on June 30, 2026, while CD ratio was reported at 89.4%. Total deposits rose 14% YoY to Rs 5.59 lakh crore, while net advances grew 15% YoY to Rs 5.12 lakh crore.

Kotak Mahindra Bank’s net interest margin (NIM), however, reduced to 4.53% in the April-June quarter of FY27, from 4.65% in Q1 FY26 and 4.67% in Q4 FY26. Total period-end deposits grew to Rs 5.73 lakh crore for Q1 FY27, up 12% YoY from Rs 5.13 lakh crore for Q1 FY26. Credit-to-deposit ratio as on June 30, 2026 stood at 89.4%, as against 86.7% as on June 30, 2025.

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Yes Bank Q1 results 2026: Net profit jumps 33.7% YoY

Yes Bank reported a net profit of ₹1,071 crore for the April–June 2026 period, up 33.7% Y-o-Y and 0.2% Q-o-Q. Net Interest Income (NIM) for Q1FY27 was 2.7%, up 20 basis points Y-o-Y, thanks to lower deposit costs and a decrease in the balances of Priority Sector Lending (PSL) shortfall deposits.

The private lender reported Advances Growth at 18.3% Y-o-Y and 4.3% Q-o-Q; Deposits growth at 14.3% Y-o-Y; On an Average Quarterly Balance (AQB) basis, Advances and Deposits growth at 15.1% Y-o-Y and 14.8% Y-o-Y, respectively.

CASA Deposits stood at 14.3% Y-o-Y; on an AQB1 basis, CASA growth was stronger at 15.0% Y-o-Y.

Advances Growth stood at 18.3% Y-o-Y and 4.3% Q-o-Q; Deposits growth grew by 14.3% Y-o-Y. On AQB basis, Advances and Deposits growth stood at 15.1% Y-o-Y and 14.8% Y-o-Y, respectively. Continued momentum in Retail Assets Disbursement went up 27.5% Y-o-Y.

Commenting on the results and financial performance, Vinay M. Tonse, Managing Director & CEO at Yes Bank, said, “YES BANK has begun FY27 on a strong footing, with Q1 Net Profit growing ~34% Y-o-Y to INR 1,071 Crs.

Yes Bank reported a significant improvement in Asset Quality, with the GNPA ratio at 1.3%, down 30 bps Y-o-Y, and the NNPA ratio at 0.2%, down 10 bps Y-o-Y. The private lender reported Retail Slippages at the lowest in the past 10 quarters at INR 843 Crs (2.7% of Advances) v/s ₹888 crore (2.8% of Advances) in Q4FY26.

Net Credit Costs for the quarter stood 0.3% of Average assets against 0.3% in Q1FY26.

In Q4FY26, reported a standalone net profit of ₹1,068.42 crore, registering a growth of 44.7% from ₹7,381.2 crore in the corresponding period of the previous fiscal.

In Q1FY26, Yes Bank's net profit surged by 59% year-on-year, reaching ₹801 crore compared to ₹502 crore in the same quarter last year. The profit after tax (PAT) increased by over 8% on a sequential basis, up from ₹738 crore in the January-March quarter of FY25.

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ICICI Bank Q1 Net profit rises 16%

Private sector lender ICICI Bank announced its earnings for the quarter ended June 2026 today, July 18. ICICI Bank posted a net profit of ₹14,804.50 crore, up 16% from ₹12,768.21 in the same period last year.

The bank reported healthy growth in its core lending business during the June quarter, with net interest income (NII) rising 12.7% year-on-year to ₹24,384 crore. The growth was driven by strong credit expansion and an improvement in margins. Net interest margin (NIM) for Q1 FY27 stood at 4.36%, compared with 4.34% in the corresponding quarter last year.

On the asset quality front, the bank continued to strengthen its balance sheet, with the gross non-performing asset (GNPA) ratio improving to 1.38% and the net non-performing asset (NNPA) ratio standing at 0.35% as of June 30, 2026.

The bank's total advances increased 19.6% year-on-year to ₹16,31,260 crore as of the end of the quarter, while total deposits grew 14% to ₹18,33,586 crore. The retail loan portfolio accounted for 49.2% of the overall loan book and registered 12% year-on-year growth.

The business banking portfolio grew by 28.2% YoY and the rural portfolio grew by 35.4% YoY in Q1FY27. The bank’s domestic corporate portfolio grew by 18.5% YoY in Q1 and the domestic advances grew by 18.8% compared to the same quarter last fiscal.

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Axis Bank Q1 Results: Net profit jumps 23% YoY

For the April–June quarter of FY27, Axis Bank recorded a standalone net profit of Rs 7,114 crore on Saturday. This is a 22.5% year-over-year increase from Rs 5,806 crore in the same quarter of the prior fiscal year.

The private lender’s net interest income (NII) meanwhile rose more than 8% YoY to Rs 14,646 crore during the first quarter of the ongoing financial year 2027, from Rs 13,560 crore reported in the same period last year. Notably, this is higher than Nomura and Kotak Institutional’s estimates. Net interest margin during the quarter under review stood at 3.46%.

Axis Bank's gross non-performing assets (GNPA) declined around 4% YoY to Rs 17,124 crore, while net NPA rose around 2.5% YoY to Rs 5,193 crore. The gross NPA and net NPA ratios improved on a YoY basis to 1.28% and 0.39%, respectively. However, both increased sequentially from 1.23% and 0.37% in Q4 FY26.

The lender’s debt-to-equity ratio stood at 1.12% in Q1 FY27, as against 1.15% in Q4 FY26 and 0.98% in Q1 FY26. Axis Bank's net worth meanwhile rose around 14% YoY to Rs 2.03 lakh crore during the quarter under review, while net slippage ratio fell 121 bps YoY to 1.12%.

Return on Average Assets stood at 1.51% during the first quarter of FY27, as against 1.47% in the year-ago period. Its current account savings account (CASA) deposits rose 11% to Rs 5.22 lakh crore, as on June 30, 2026.

Provision and contingencies for Q1 FY27 stood at Rs 2,223 crore, while specific loan loss provisions stood at Rs 2,079 crore. Axis Bank said that during Q4 of FY26, it had proactively strengthened its balance sheet by voluntarily enhancing its prudent provisioning framework for standard assets, in line with conservative risk-management philosophy.

The share of CASA deposits in total deposits stood at 38%. On QAB basis, total deposits grew 6% QoQ and 18% YoY, within which savings account deposits grew 14% YoY, current account deposits grew 13% YoY, and term deposits grew 21% YoY.

The lender’s advances rose 19% YoY and 2% QoQ to Rs 12.62 lakh crore as on June 30, 2026. Retail loans grew 8% YoY to Rs 6,76 lakh crore and accounted for 54% of the net advances. The share of secured retail loans stood at around 73%, with home loans comprising 26% of the retail book. Small Business Banking (SBB) advances grew 2% QoQ and 18% YoY, while loans against property rose 11% YoY, personal loans increased 7% YoY, credit card advances grew 5% YoY and the rural loan portfolio expanded 16% YoY.

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