Punjab National Bank Q2 FY27 Results Explained
In Q2 FY27 (July–September 2026), Punjab National Bank reported a net profit of ₹5,532 crore, up 12.8% from a year earlier. Gross NPA was 2.55% of loans (#12 of 12 PSU banks, lowest first), CASA ratio 36.6%, net interest margin 2.58% and capital adequacy 17.95%. On BankersClub's PSU Bank Scorecard it ranks #11 of 12 overall this quarter.
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PNB report card, Q2 FY27
Graded against the other 11 public sector banks this quarter.
Key numbers
| Measure | Q2 FY27 | Change vs Q2 FY26 | Rank of 12 | PSU median |
|---|---|---|---|---|
| Business growth (YoY) | 11.9% | – | #12 | 16.6% |
| CASA ratio | 36.6% | down 72 bps | #7 | 36.8% |
| Net interest margin | 2.58% | down 2 bps | #9 | 2.97% |
| Cost-to-income | 50.5% | down 75 bps | #10 | 47.9% |
| Return on assets | 1.05% | unchanged | #7 | 1.12% |
| Gross NPA | 2.55% | down 90 bps | #12 | 1.69% |
| Net NPA | 0.25% | down 11 bps | #5 | 0.30% |
| Provision coverage (excl. TWO) | 90.3% | up 29 bps | #3 | 82.9% |
| Capital adequacy (CRAR) | 17.95% | up 76 bps | #4 | 17.73% |
| Credit cost | 0.03% | down 19 bps | #1 | 0.55% |
| Business per employee | ₹28.8 crore | – | #8 | ₹34.4 crore |
| Profit per employee | ₹21.4 lakh | – | #8 | ₹25.3 lakh |
Size of the bank
| Figure | Q2 FY27 | Change vs Q2 FY26 | Rank of 12 |
|---|---|---|---|
| Total business | ₹31.18 lakh crore | up 11.9% | #3 |
| Deposits | ₹17.77 lakh crore | up 9.9% | #2 |
| Advances | ₹13.41 lakh crore | up 14.7% | #4 |
| Gross NPA amount | ₹34,190 crore | down 15.3% | #11 |
| Operating profit | ₹7,532 crore | up 4.2% | #5 |
| Net profit | ₹5,532 crore | up 12.8% | #4 |
The quarter at a glance
What went right
- Gross NPA down 90 bps from a year ago to 2.55%, now #12 of 12.
- Net NPA down 11 bps from a year ago to 0.25%, now #5 of 12.
- Capital adequacy (CRAR) up 76 bps from a year ago to 17.95%, now #4 of 12.
What went wrong
- CASA ratio down 72 bps from a year ago to 36.6%, now #7 of 12.
- Net interest margin down 2 bps from a year ago to 2.58%, now #9 of 12.
Loan book and deposits
Bar = share of advances or deposits. Growth is against Q2 FY26. Advances are domestic; shares are of the sum of segments. Banks report segments slightly differently; see the methodology.
Quarter by quarter
| Measure | Q2 FY26 | Q1 FY27 | Q2 FY27 |
|---|---|---|---|
| Net profit | ₹4,904 crore | ₹5,253 crore | ₹5,532 crore |
| Operating profit | ₹7,227 crore | ₹7,519 crore | ₹7,532 crore |
| Gross NPA | 3.45% | 2.78% | 2.55% |
| Net NPA | 0.36% | 0.28% | 0.25% |
| Net interest margin | 2.60% | 2.50% | 2.58% |
| Return on assets | 1.05% | 1.04% | 1.05% |
| CASA ratio | 37.3% | 36.7% | 36.6% |
| Capital adequacy (CRAR) | 17.19% | 18.13% | 17.95% |
| Cost-to-income | 51.2% | 50.3% | 50.5% |
Compare with similar-sized banks
- Canara Bank (#7 overall)
- Bank of Baroda (#5 overall)
- Union Bank of India (#10 overall)
- Bank of India (#4 overall)
Source and method
Standalone figures from Punjab National Bank’s own Q2 FY27 filing (PNB analyst presentation Sep 2026), checked against the bank’s reported ratios. Ratios are recalculated the same way for all 12 banks where the filing allows. How the scorecard works. Not investment advice.
Last updated 12 November 2026.
Frequently asked questions
What was Punjab National Bank's net profit in Q2 FY27?
Punjab National Bank reported a standalone net profit of ₹5,532 crore in Q2 FY27 (July–September 2026), up 12.8% from Q2 FY26.
What is Punjab National Bank's gross NPA ratio?
Gross NPA was 2.55% of loans at the end of Q2 FY27, ranking #12 of 12 public sector banks (lowest first). Net NPA was 0.25%.
How does Punjab National Bank rank among public sector banks?
On BankersClub's PSU Bank Scorecard, Punjab National Bank ranks #11 of 12 overall in Q2 FY27, based on growth, return on assets, gross NPA, capital adequacy, CASA ratio and cost-to-income.
What is Punjab National Bank's CASA ratio?
Punjab National Bank's CASA ratio was 36.6% in Q2 FY27, #7 of 12 public sector banks.
Where does this data come from?
From Punjab National Bank's own Q2 FY27 results filing, using standalone figures. Every ratio is recalculated the same way for all 12 public sector banks where the filing allows.