Punjab National Bank (PNB) announces First Quarter Financial Results for the Quarter Ended 30th June 2025

Financial Results for the Quarter Ended 30th June 2025

Key Highlights

Highest ever Operating Profit achieved at ₹ 7081 Crore

Global Business grew by 11.6% on Y-o-Y basis to ₹27,19,276 Crore as on June’25 from ₹24,36,929 Crore as on June’24.
Global Deposits registered a growth of 12.9% on Y-o-Y basis to ₹15,89,379 Crore as on June’25 from ₹14,08,247 Crore as on June’24.
Global Advances increased by 9.8% on Y-o-Y basis to ₹11,29,898 Crore as on June’25 from ₹10,28,682 Crore as on June’24.
CD Ratio stood at 71.09% as on June’25 as against 71.28% in March’25.
GNPA ratio improved by 120 bps on Y-o-Y basis to 3.78% as on June’25 from 4.98% as on June’24.
NNPA ratio improved by 22 bps on Y-o-Y basis to 0.38% as on June’25 from 0.60% as on June’24.
Provision Coverage Ratio (including TWO) improved by 98 bps on Y-o-Y basis to 96.88% as on June’25 from 95.90% as on June’24.
Provision Coverage Ratio (Excluding TWO) improved by 189 bps on Y-o-Y basis to 90.32% as on June’25 from 88.43% as on June’24.
Slippage ratio improved by 5 bps on Y-o-Y basis to 0.71% as on June’25 from 0.76% as on June’24.
Credit Cost improved by 18 bps on Y-o-Y basis to 0.14% in Q1 FY’26 from 0.32% in Q1 FY’25.
Profit before Tax increased Y-o-Y by 28.3% to ₹6,758 Crore in Q1 FY’26 as against ₹5,269 Crore in Q1 FY’25.
Global Net Interest Margin stands at 2.7% in Q1 FY’26.
Net Interest Income (NII) increased to ₹10,578 Crore in Q1 FY’26 from ₹10,476 Crore in Q1 FY’25 showing an improvement of 1.0% on Y-o-Y basis.

Business Performance in Key Parameters

Deposits

Savings Deposits increased to ₹4,97,981 Crore registering a Y-o-Y growth of 2.8%.
Current Deposits stood at ₹70,656 Crore as on June’25 registering a Y-o-Y growth of 9.2%.
CASA Deposits increased to ₹5,68,638 Crore recording a Y-o-Y growth of 3.6%.
CASA Share of the bank stands at 36.99% as on June’25.

Advances

Total Retail credit increased by 11.8% Y-o-Y to ₹2,62,219 Crore in June’25.
The bank grew under Core Retail Advances recording a Y-o-Y growth of 17.7%. Within Core Retail Credit:
- Housing Loan grew by 16.6% Y-o-Y to ₹1,18,708 Crore.
- Vehicle loan posted a growth of 25.3% Y-o-Y to reach ₹27,229 Crore.
Agriculture Advances grew by 6.2% on Y-o-Y basis to ₹1,78,885 Crore.
MSME Advances increased Y-o-Y by 18.6% to ₹1,69,426 Crore.

Asset Quality

Gross Non-Performing Assets (GNPA) declined by ₹8,590 Crore to ₹42,673 Crore as on June’25 from ₹51,263 Crore as on June’24.
Net Non-Performing Assets (NNPA) declined by ₹1,798 Crore to ₹4,132 Crore as on June’25 from ₹5930 Crore as on June’24.

Profitability

Total Income of the Bank is at ₹37,232 Crore for Q1 FY’26 increased from ₹32,166 Crore for Q1 FY’25, recording a growth of 15.7% on Y-o-Y basis.
Total Interest Income of the Bank is at ₹31,964 Crore for Q1 FY’26 increased from ₹28,556 Crore for Q1 FY’25, recording a growth of 11.9% on Y-o-Y basis.
Fee based income of the Bank is at ₹2,250 Crore for Q1 FY’26 increased from ₹2,077 Crore for Q1 FY’25, recording a growth of 8.3% on Y-o-Y basis.

Efficiency/Productivity Ratio

Domestic Net Interest Margin stands at 2.84% for Q1 FY’26.
Global Yield on Advances stands at 8.14% for Q1 FY’26.
Business per employee improved to ₹27.30 Crore as on June’25 from ₹24.80 Crore as on June’24.
Business per branch improved to ₹257.39 Crore as on June’25 from ₹233.26 Crore as on June’24.
Net profit per employee stands at ₹6.98 Lakhs as on Q1 FY’26.
Net profit per branch stands at ₹65.80 Lakhs as on Q1 FY’26.

Capital Adequacy

CRAR increased to 17.50% as on June’25 from 15.79% as on June’24 registering an improvement of 171 bps.
Tier-I Capital improved to 14.62% as on June’25 (CET-1 at 12.95 % as on June’25 and AT1 at 1.67%) from 13.04% as on June’24 and Tier-II improved to 2.88% as on June’25 from 2.75% as on June’24.

Financial Inclusion

PMJDY accounts increased to 5.39 Crore as on June’25 from 5.13 Crore as on June’24.
Enrollments under PMJJBY, PMSBY & APY up to June’25 are as under:

(No. In Lacs)

JANSURAKSHA SCHEME ENROLLMENT UP TO	30.06.2024	30.06.2025
Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY)	65.39	75.54
Pradhan Mantri Suraksha Bima Yojana (PMSBY)	261.68	300.15
Atal Pension Yojana (APY)	39.80	48.11

Distribution Network

As on 30th June 2025, the Bank has 10209 domestic branches and 2 International Branches.
The distribution of branches is as under:

Digital Progress and Initiatives

Number of Digital Transactions increased to 294 Crores as on 30.06.2025 from 221 Crores as on 30.06.2025 registering a growth of 32% on Y-o-Y basis.
Number of PNB One Activated users increased to 223 Lakh as on 30.06.2025 from 187 Lakh as on 30.06.2024 registering a growth of 19% on Y-o-Y basis.
Number of WhatsApp Banking users increased to 69.7 Lakh as on 30.06.2025 from 34.0 Lakh as on 30.06.2024 registering a growth of 105% on Y-o-Y basis.
PNB is the 1st Bank in the industry with capability of off-us onboarding by using Aadhar number of beneficiaries/wallet holders.