PNB's Q2 profit rises 13% to ₹5,532 crore; gross NPA ratio falls to 2.55%

What happened

• Punjab National Bank reported a net profit of ₹5,532 crore for the September 2026 quarter, up 13% from ₹4,904 crore a year earlier, according to Upstox, HDFC Sky and Business Standard. Upstox timed the announcement at 5:43 PM on Friday, after the market closed.
• Upstox put net interest income at ₹11,601 crore against ₹10,469 crore a year earlier, and operating profit at ₹7,532 crore against ₹7,227 crore. The net interest margin was 2.58%, against 2.50% in the June quarter.
• The gross NPA ratio was 2.55% at the end of September against 2.78% at the end of June, and the net NPA ratio 0.25% against 0.28%, Upstox said. The slippage ratio was 0.77% against 0.71% a year earlier.
• Global business, meaning deposits plus advances, rose 11.9% from a year earlier to ₹31,18,434 crore: deposits grew 9.9% to ₹17,77,240 crore and advances 14.7% to ₹13,41,194 crore.
• The shares closed at ₹115.90 on Kite data, up 0.74% from ₹115.05, before the results.

Why it matters

Good to know: Slippages are loans that turn into bad loans during a period. A slippage ratio compares that new flow with the loan book, so it can rise even when the overall NPA ratio is falling.

Key facts

Net profit

₹5,532 crore (₹4,904 crore a year earlier)

Net interest income

₹11,601 crore (₹10,469 crore)

Gross / net NPA ratio

2.55% / 0.25% (2.78% / 0.28% in June)

Global business

₹31,18,434 crore, up 11.9%

Read the source

• Punjab National Bank Q2 FY27 result: Net profit jumps 13%; NII grows to ₹11,601 crore YoYUpstox
• PNB Q2 Profit Rises 13% to ₹5,532 CroreHDFC Sky
• Punjab National Bank Q2 results: Net profit rises 13% to ₹5,532 croreBusiness Standard