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PNB Targets Rs 6000 Crore Quarterly Profit on Strong Growth
M
Moneycontrol•18-10-2026, 17:43
PNB Targets Rs 6000 Crore Quarterly Profit on Strong Growth
- •Punjab National Bank aims for a quarterly net profit of Rs 6,000 crore in the upcoming quarters, following a record profit of Rs 5,532 crore in the September quarter.
- •MD and CEO Ashok Chandra noted that core operating profit grew by about 29 percent year-on-year, compensating for a drop in treasury income.
- •The bank is focusing on robust growth in the retail, agriculture, and MSME sectors, with retail loans expanding over 16 percent and MSME advances rising 19 to 20 percent.
- •Festive season demand is expected to further boost loan books by 1 to 2 percent in the December quarter.
Key Questions Answered
Punjab National Bank is targeting a quarterly net profit of Rs 6,000 crore over the next few quarters, following its highest-ever quarterly profit of Rs 5,532 crore in the September quarter.
PNB's core operating profit grew by around 29 per cent year-on-year in the September quarter, driven by strong underlying business performance despite a decline in treasury income.
PNB's retail loan book is growing at more than 16 per cent, while advances to the MSME segment are expanding by 19-20 per cent.
