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PNB Reports 13 Percent Jump In Q2 Net Profit On Lower Provisions
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CNBC TV18•16-10-2026, 16:48
PNB Reports 13 Percent Jump In Q2 Net Profit On Lower Provisions
- •Punjab National Bank reported a net profit of ₹5,532 crore for the September quarter, marking a 12.8% increase compared to the same period last year.
- •Net Interest Income grew by 10.8% year-on-year to ₹11,601 crore, supported by a sharp drop in overall provisions to ₹97.27 crore.
- •Asset quality showed sequential improvement with Gross NPA dropping to 2.55% and Net NPA improving to 0.25%.
- •Fresh slippages increased sequentially to ₹2,395 crore from ₹2,080 crore in the June quarter.
- •Global advances grew 14.7% year-on-year to ₹13.41 lakh crore, surpassing the bank's annual guidance range.
Key Questions Answered
Punjab National Bank reported a net profit of ₹5,532 crore for the September quarter, representing a 12.8% increase compared to ₹4,903 crore in the same period last year.
PNB's asset quality improved sequentially with Gross NPA declining to 2.55% and Net NPA dropping to 0.25%. However, fresh slippages increased sequentially to ₹2,395 crore from ₹2,080 crore in the June quarter.
PNB's profitability was supported by double-digit growth in core interest income and a sharp drop in provisions to ₹97.27 crore, which helped offset a 17% year-on-year drop in other income.
