Punjab National Bank Reports 13% Rise in Q3 Net Profit Amid Improved Asset Quality

Punjab National Bank (PNB) reported a 13 percent year-on-year rise in net profit to around Rs 5,100 crore for Q3 FY26, marking its highest-ever quarterly profit. Total income increased to approximately Rs 37,253 crore, while net interest income declined 4.5 percent to Rs 10,533 crore. Asset quality improved with gross NPAs falling to 3.19 percent and net NPAs to 0.32 percent. Provisions rose significantly due to additional Expected Credit Loss guidelines. The bank aims to sustain quarterly profits above Rs 5,000 crore, driven by growth in retail, agriculture, MSME sectors, and new business verticals. Despite profit growth, PNB's share price declined following margin pressures and cautious market sentiment.