Punjab National Bank has announced its provisional business figures for the period ended March 31, 2026, demonstrating strong performance across all major business segments. The bank reported significant growth in both global and domestic operations, with particularly robust expansion in its advances portfolio.

Global Business Performance

The bank's global business reached ₹29,72,896 crores as of March 31, 2026, marking a substantial 10.79% year-on-year growth from ₹26,83,260 crores in the previous year. Quarter-on-quarter growth remained healthy at 2.81%, up from ₹28,91,528 crores in December 2025.

Deposit Growth Momentum

The bank's deposit mobilization showed consistent growth across both global and domestic segments. Global deposits reached 17 trillion rupees, representing significant growth from 15.7 trillion rupees in the previous year. Domestic bank deposits stood at 16.5 trillion rupees compared to 15 trillion rupees a year ago, demonstrating the bank's continued success in attracting customer deposits across its network.

Strong Advances Portfolio

Punjab National Bank's lending portfolio demonstrated particularly impressive growth. Global gross advances reached Rs 12.6 trillion (₹12,61,420 crores), showing the highest year-on-year growth rate of 12.97% from Rs 11.2 trillion in the previous year. The quarter-on-quarter growth in global advances was 2.45%.

Domestic bank advances rose to Rs 11.96 trillion (₹11,95,811 crores), up from Rs 10.7 trillion year-on-year, representing a robust 12.17% annual growth.

Credit-to-Deposit Ratio

The bank maintained a global credit-to-deposit ratio of 73.70% as of March 31, 2026, compared to 71.28% in the previous year and 74.16% in December 2025. This ratio reflects the bank's balanced approach to credit deployment while maintaining adequate liquidity.

Regulatory Compliance

These provisional figures were submitted in compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and the bank's Code of Practices and Procedures for Fair Disclosures. The figures are subject to audit by the bank's Statutory Central Auditors, ensuring transparency and accuracy in financial reporting.

Punjab National Bank has announced that it will maintain its Marginal Cost of Funds Based Lending Rates (MCLR) unchanged with effect from April 1, 2026. The decision reflects the bank's assessment of current market conditions and funding costs.

MCLR Rate Structure Remains Stable

The bank's MCLR rates across all tenors will continue at their existing levels that were effective from March 1, 2026. The rate structure demonstrates a progressive increase based on tenor length, providing borrowers with various options based on their financing needs.

Other Key Lending Rates Unchanged

Beyond the MCLR rates, Punjab National Bank has also maintained its other benchmark lending rates. The Repo Linked Lending Rate (RLLR) remains at 8.10%, which includes a Bank Spread Premium (BSP) of 0.10%. The bank's Base Rate continues at 9.50%.

Rate Review Process

The announcement was made through an official communication to stock exchanges dated March 30, 2026. This regular review process ensures that the bank's lending rates remain aligned with market conditions and regulatory requirements. The unchanged rates suggest stability in the bank's funding costs and market outlook for the immediate term.

The decision to maintain rates across all categories indicates Punjab National Bank's current assessment of liquidity conditions and cost of funds. Borrowers with existing loans linked to these rates will continue to pay interest based on the unchanged rate structure.