Punjab National Bank has completed its non-deal investor roadshow on August 20, 2026, in Singapore and Hong Kong. The state-owned lender engaged with prospective institutional investors concerning its fund-raising activities through the Euro Medium Term Note (EMTN) program.

The bank scheduled one-on-one and group meetings with multiple institutional investors for the day. HSBC Bank organized the sessions in Hong Kong, while Citi Bank handled the engagements in Singapore. All meetings began at 10:00 am local time (SGT and HKT) and were held in person.

Meeting Details

The bank confirmed that no unpublished price-sensitive information was shared during the meetings. Discussions relied solely on publicly available documents. An investor presentation is expected to be shared in due course.

This disclosure was made in compliance with SEBI LODR Regulations 2015. The filing was signed by Bikramjit Shom, Company Secretary, on August 20, 2026.

Punjab National Bank reported a net profit of $555 Mn for the quarter ended June 2026 (Q1 FY27), marking a 213.6% year-on-year increase from $146 Mn in the corresponding quarter of FY26. The public sector lender’s operating profit rose 6.2% YoY to $794 Mn, supported by controlled operating expenses and improved asset quality metrics.

The bank’s total income for the quarter was $3,933 Mn, while total expenses stood at $3,139 Mn, a decline of 1.5% YoY. Operating expenses fell 13.1% YoY to $804 Mn, primarily driven by a 12.2% drop in establishment expenses to $479 Mn. This cost efficiency contributed to an improvement in the cost-to-income ratio, which declined to 50.31% from 51.79% in FY26.

Asset Quality and Capital Position

As on June 2026, the bank’s gross non-performing assets (NPAs) stood at $3,738 Mn, representing 2.78% of total advances. Net NPAs were recorded at $363 Mn, or 0.28% of advances. The provision coverage ratio (PCR) including written-off accounts remained robust at 97.23%.

Fresh slippages during the quarter totaled $211 Mn, while cash recoveries amounted to $89 Mn. Total recoveries, including those from written-off accounts, reached $295 Mn.

What the Numbers Show

The significant jump in net profit was largely driven by a reduction in provisions rather than operational income growth. Provisions other than tax fell sharply to $57 Mn in Q1 FY27, compared to $172 Mn in FY26. While interest income grew modestly by 2.9% YoY to $3,475 Mn, other income contracted by 17.7% to $458 Mn, indicating that the bottom-line expansion is attributable to improved asset quality and lower provisioning needs rather than top-line momentum.

Key Financial Ratios

The bank’s net interest margin (NIM) for the quarter stood at 2.50%, slightly below the FY26 annual average of 2.70%. Return on assets (RoA) improved to 1.04%, surpassing the bank’s guidance of above 1%. Return on equity (RoE) was recorded at 17.33%.

Balance Sheet Highlights

Total business grew by 10.2% YoY to $316.70 Bn as on June 2026. Advances expanded by 12.7% YoY to $134.49 Bn, while deposits grew by 8.5% YoY to $182.21 Bn. The credit-deposit (CD) ratio improved to 73.8% from 73.6% in March 2026.

Capital adequacy remained strong, with the CRAR at 18.13% and Tier-1 capital ratio at 16.03%. Common Equity Tier-1 (CET-1) capital ratio stood at 14.52%.