Punjab National Bank Q1 operating profit hits record high

Punjab National Bank's operating profit hit a record INR 7,081 crores in Q1 FY26, up 7.60% year-on-year. Profit before tax surged 28.3% to INR 6,758 crores.

Net profit fell to INR 1,675 crores due to a one-time income tax provision related to a new tax regime.

The bank's asset quality improved significantly, with GNPA ratio dropping to 3.78% from 4.98% in June 2024. Net NPA stood at just 0.38%.

Global deposits grew 12.9% to INR 15.89 trillion, while advances rose 9.8% to INR 11.30 trillion.