Punjab National Bank Q4 FY26: Profits Rise as Asset Quality Tightens

PNB reported Q4 FY26 net profit of 5,225 crore and operating profit of 7,500 crore. Global business was 29,69,685 crore, deposits 17,11,126 crore, and advances 12,58,559 crore (all as of Mar 2026).

Gross NPA ratio improved to 2.95% from 3.95% YoY, and Net NPA ratio improved to 0.29% from 0.40% YoY. PCR including technical write-offs was 97.14% as of Mar 2026.

PNB guided FY27 credit growth of 12% to 13%, deposit growth of 9% to 10%, NIM of 2.60% to 2.70%, GNPA below 2.50%, NNPA below 0.3%, credit cost below 0.4%, and annualized slippage ratio below 0.9%.

Management attributed NIM compression to the full-quarter impact of the rate cut on yields while deposit rates remained sticky, limiting offset from funding cost moderation. FY26 global NIM was 2.57%.

Management stated SMA-0 of 24,643 crore, SMA-1 of 13,970 crore, and SMA-2 of 2,922 crore, totaling 41,534 crore or 3.30% of advances (irrespective of ticket size).

The presentation reported total digital sanctions and disbursals of 20,872.83 crore in Q4 FY26 across 476,976 accounts, spanning Retail, Agriculture and MSME digital journeys.