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PNB Sees Record Profit Amidst Treasury Losses
18 Oct
Summary
- PNB achieved its highest-ever quarterly net profit at Rs 5,532 crore.
- Core operating profit surged nearly 29% year-on-year.
- Bank targets Rs 6,000 crore net profit in upcoming quarters.
Punjab National Bank (PNB) announced a record net profit of Rs 5,532 crore for the second quarter ended September 2026. This achievement represents the highest quarterly profit in the bank's history.
The bank's core operating profit demonstrated significant growth, increasing by around 29% year-on-year. This robust performance was maintained even with treasury losses amounting to approximately Rs 1,000 crore during the quarter.
PNB is optimistic about sustaining its profitability, setting a target of Rs 6,000 crore in net profit for the upcoming quarters. This projection is supported by consistent operational performance.
Loan growth is being actively driven by the retail, agriculture, and MSME segments, especially with the ongoing festive season. PNB anticipates a further 1-2% expansion in these loan books in the third quarter.
