Punjab National Bank reported a standalone net profit of ₹5,253 crore for the quarter ended June 30, 2026, a sharp increase of 213.6% from ₹1,675 crore in the corresponding period of the previous year. The surge was primarily driven by a significant decline in provisions and contingencies, which fell to ₹541 crore from ₹3,231 crore in the year-ago quarter. Asset quality improved markedly, with gross NPAs declining to 2.78% and net NPAs to 0.28%, bolstering the bank's profitability metrics. The bank's Return on Assets improved to 1.04% in Q1FY27 from 0.37% in Q1FY26.

The Board of Directors approved the unaudited financial results for the quarter in a meeting held on July 18, 2026. Total income for the standalone entity stood at ₹37,231 crore, while total expenditure was ₹29,712 crore. Net interest income grew by 2.1% year-on-year to ₹10,798 crore, and operating profit rose 6.2% to ₹7,519 crore. On a consolidated basis, the bank’s net profit after minority interest rose to ₹5,815 crore for Q1FY27, compared to ₹2,120 crore in Q1FY26.

The capital adequacy ratio under Basel-III norms improved to 18.13% from 17.50% a year ago, with the Common Equity Tier 1 ratio at 14.52%. The bank transferred the outstanding balance of the Investment Fluctuation Reserve of ₹4,144 crore to Other Reserves during the quarter, following an RBI circular discontinuing the IFR requirement. Global deposits grew by 8.5% year-on-year to ₹17,24,837 crore, while global advances increased by 12.7% to ₹12,73,132 crore.

Key Financial Metrics (Standalone)

The bank’s Provisioning Coverage Ratio, including technically written-off accounts, stood at 97.23% as of June 30, 2026, compared to 96.88% in the prior year. The results were reviewed by the Statutory Central Auditors. Pursuant to Regulation 30 read with Clause 15(b) of Para A of Part A of Schedule III of SEBI (LODR) Regulations, 2015, the audio/video recording of the earnings call held on July 18, 2026, at 3:00 PM IST is available on the bank's website.

Punjab National Bank has changed its Registrar to an Issue and Share Transfer Agent (RTA) for its equity shares to M/s KFin Technologies Limited, effective July 15, 2026. The transition replaces the previous RTA, M/s Beetal Financial & Computer Services Private Limited, following confirmations received from National Securities Depository Limited and Central Depository Services (India) Limited. This change impacts all stakeholders holding the bank's equity shares, who must now update their records for future correspondence.

The bank intimated the change under Regulation 7 & 30 of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015. The shifting of RTA connectivity to the new registrar has been completed, as confirmed by letters from the depositories dated July 14 and July 15, 2026. Consequently, Beetal Financial & Computer Services Private Limited ceased acting as the R&T Agent for electronic connectivity from the beginning of business on July 15, 2026.

New Registrar Details

Stakeholders are requested to communicate all correspondence and requests relating to the bank's equity shares to the new address immediately. The contact details for the new RTA are provided below.

A tripartite agreement involving the bank, the old RTA, and the new RTA is currently under process. The bank stated that this agreement will be intimated in due course. The change in RTA was also acknowledged by Central Depository Services (India) Limited, which noted that the tripartite agreement with the previous RTA stands cancelled.