New Delhi: State-owned Punjab National Bank on Monday reported a net profit of ₹5,100 crore for the third quarter ended December 2025, crossing the ₹5,000-crore mark for the first time in a December quarter, as better asset quality and growth in advances supported earnings.
The lender’s net profit rose 13.1% year-on-year from ₹4,508 crore in the corresponding quarter last year. Operating profit increased 13% to ₹7,481 crore, while return on assets improved marginally to 1.06%.
Asset quality continued to improve, with the gross non-performing asset (GNPA) ratio declining by 90 basis points year-on-year to 3.19% as of December 2025. Net NPAs stood at 0.32%, down from 0.41% a year ago. The provision coverage ratio, including technical write-offs, improved to 96.99%.
PNB’s global business grew 9.5% year-on-year to ₹28.9 lakh crore, led by a 10.9% rise in global advances to ₹12.31 lakh crore. Retail, agriculture and MSME (RAM) advances grew 11%, with strong traction in core retail loans, particularly vehicle loans, which rose 35.7%, and housing loans, up 14.5%.
On the liabilities side, global deposits increased 8.5% to ₹16.6 lakh crore, while CASA deposits grew 5.3%, with CASA ratio at 37.1%. The bank’s credit-deposit ratio stood at 74.2%, compared with 72.6% a year ago.
For the nine months ended December 2025, PNB posted a net profit of ₹11,679 crore and an operating profit of ₹21,789 crore. Non-interest income surged 47.2% year-on-year in Q3, aiding overall income growth.
Capital adequacy strengthened further, with the capital to risk-weighted assets ratio (CRAR) rising to 16.77%, up 136 basis points from a year ago, providing headroom for future growth.