New Delhi, 18 July (H.S.): Public sector lender Punjab National Bank (PNB) has announced its financial results for the first quarter (April-June) of the financial year 2026-27, reporting a more than threefold increase in standalone net profit at Rs 5,253 crore.

The bank had posted a net profit of Rs 1,675 crore during the same quarter of the previous financial year 2025-26.

According to the regulatory filing submitted to the stock exchanges, PNB’s total income remained largely stable at Rs 37,231 crore during the quarter ended June 30, 2026. However, the bank’s interest income increased marginally to Rs 32,897 crore, compared to Rs 31,964 crore recorded in the corresponding quarter of the previous financial year.

The bank’s operating profit also improved during the April-June quarter, rising to Rs 7,519 crore from Rs 7,081 crore in the same period a year earlier.

PNB said its asset quality witnessed further improvement during the quarter. The gross non-performing assets (NPAs) declined to 2.78 per cent of total advances in the April-June quarter, compared to 3.78 per cent recorded a year ago.

Similarly, the bank’s net NPA ratio, which reflects stressed loans after provisions, declined to 0.26 per cent from 0.38 per cent in the corresponding quarter of the previous financial year.

In absolute terms, gross NPAs declined to Rs 35,381 crore during the quarter, compared to Rs 42,673 crore in the April-June quarter of financial year 2025-26.

The bank’s net NPAs also fell to Rs 3,433 crore, against Rs 4,132 crore reported during the same quarter of the previous financial year.

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Hindusthan Samachar / Jun Sarkar