PNB Q1 FY27: Profit rebound, stronger capital, and tight asset quality

PNB reported net profit of INR 5,253 crore in Q1 FY27, up 213.6% year-on-year from INR 1,675 crore in Q1 FY26.

Gross NPA ratio improved to 2.78% and Net NPA ratio to 0.28% as on 30 June 2026. Provision coverage ratio including technical write-offs was 97.23%.

Global business was INR 29.98 lakh crore (10.2% YoY). Global deposits were INR 17.25 lakh crore (8.5% YoY) and global advances were INR 12.73 lakh crore (12.7% YoY).

The FY27 guidance table indicates credit growth of 12% to 13% YoY and deposit growth of 9% to 10% YoY.

Management guidance table indicates Gross NPA below 2.5%, Net NPA below 0.3%, PCR including technical write-offs above 96%, and credit cost below 0.4%.

PNB disclosed that 95.72% of transactions were digital in Q1 FY27. It also reported digital lending sanctions of INR 19,079.20 crore across retail, agriculture and MSME in Q1 FY27.