Noida, May 5 (APAC Media): Punjab National Bank (PNB) on Tuesday reported a 14.4% year-on-year rise in its net profit for the fourth quarter of FY26, coming in at Rs 5,225 crore compared with Rs 4,567 crore in the corresponding period last year.
The state-owned lender reported a nearly 4% year-on-year decline in net interest income (NII) to Rs 10,380 crore, down from Rs 10,757 crore in the corresponding period of the prior year.
The bank also recommended a dividend of Rs 3 per equity share, representing 150% of the face value of Rs 2 per share.
The GNPA ratio improved by 100 basis points year-on-year to 2.95% as of March 31, 2026, compared with 3.95% as of March 31, 2025.
Asset quality improved sequentially, with gross NPAs easing to 2.95% from 3.19% in the previous quarter, while net NPAs declined to 0.29% from 0.32%.
Provisions stood at Rs 424 crore, down from Rs 1,150 crore in the preceding quarter but higher than Rs 360 crore reported in the year-ago period.
Punjab National Bank reported an 11% year-on-year increase in global business to Rs 29.72 lakh crore, with domestic business rising nearly 10% to Rs 28.45 lakh crore.
On a sequential basis, global business grew 2.8%, while domestic business was up 3%. Global deposits rose 9.25% year-on-year and 3.08% quarter-on-quarter to Rs 17.11 lakh crore, while advances increased 13% YoY and 2.45% QoQ to Rs 12.61 lakh crore.
CASA deposits rose to Rs 60,96,150 crore, registering a year-on-year growth of 6.3%.
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