Punjab National Bank reported a 11.95% year-on-year growth in its global business for the half year ended September 30, 2026. The bank’s total business reached ₹31.2 lakh crore, reflecting robust expansion across both deposits and advances.

The provisional figures, disclosed under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, highlight a significant acceleration in credit demand. Global advances grew 14.80% YoY, outpacing the growth in deposits, which indicates an improving deployment of funds within the bank's balance sheet.

Key Financial Metrics

The following table summarizes the bank’s provisional business performance for H1FY27 compared to the previous half-year and the corresponding period last year:

Note: Figures are subject to review by the Statutory Central Auditors of the Bank.

What the Numbers Show

A clear divergence exists between deposit mobilization and credit expansion. While global deposits grew at a healthy 9.90% YoY, global advances expanded at a faster rate of 14.80%. This differential has pushed the Global Credit-Deposit (CD) ratio from 72.33% in September 2025 to 75.56% in September 2026. For a public sector bank, this rising CD ratio suggests that PNB is effectively deploying its liquidity into higher-yielding assets, potentially supporting net interest margin stability despite competitive funding costs.

Regulatory Disclosure

The intimation was filed with the National Stock Exchange and BSE Limited on October 2, 2026. The disclosure cites compliance with the Bank's Code of Practices and Procedures for Fair Disclosures, formulated in accordance with SEBI (Prohibition of Insider Trading) Regulations, 2015. These figures are provisional and preliminary, pending final audit.

Punjab National Bank has received an administrative warning letter from the Securities and Exchange Board of India (SEBI) regarding insider trading violations by six individuals associated with the bank. The regulator confirmed that no financial penalty has been imposed on the entity.

Regulatory action against Punjab National Bank

The warning was issued by SEBI's Investigations Department following findings that three Designated Persons and their immediate relatives violated the SEBI (Prohibition of Insider Trading) Regulations, 2015. The misconduct involved trading in the bank's shares during the period from June 24, 2024 to August 6, 2024, and beyond where deemed necessary.

The letter, dated September 30, 2026, was received by the bank on October 1, 2026. The disclosure was made under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Background on insider trading regulations

Insider trading involves the buying or selling of securities by individuals who possess material, non-public information about a company. SEBI regulates and monitors such activity under its established framework to protect market integrity and investor interests. A formal warning from SEBI signals that the regulator has identified conduct warranting regulatory attention at Punjab National Bank.

The bank stated it will take necessary steps to address the concerns mentioned in the SEBI letter. The action is cautionary in nature, highlighting the regulatory focus on compliance within public sector entities without imposing immediate monetary sanctions.