Punjab National Bank

Quick check

The five things to look at first. Open one for more.

• DebtHigh safetyRated AA+ by 2 agencies.
• ResultsGrowingIn the Sep 2026 quarter, sales rose 8.5% and profit rose 16% from a year earlier.
• DilutionNo new sharesNo new shares issued in the last year, so existing shareholders' slices were not cut.
• PromotersSteadyThe promoters (founders or parent) own 70% of the company, about the same as in Sep 2025.
• ValuationCheap vs its pastThe share trades at 6 times its yearly earnings (P/E), cheaper than 98% of the time in the last 5 years. Its usual P/E is about 8.

Punjab National Bank against the typical company in its industry. The rank is out of the companies that report each figure; green means the better quarter of the pack, red the worse quarter.

• Valuation (P/E)6 against a typical 7: cheaper than most peers (1st = cheapest).5th of 12
• Sales growth+8.5% against a typical +12.3% from a year earlier.9th of 12
• Profit growth+15.6% against a typical +23.7% from a year earlier.8th of 12
• Share price, 3 months+8.3% against a typical −5.1%.1st of 12
• Size₹ 1,38,317.6 Cr. market value against a typical ₹ 59,662.7 Cr. (1st = largest).2nd of 11

Exchange filings and their impact on the company.

• 23 Oct 2026Analysts/Institutional Investor Meet/Con. Call UpdatesMedium impactPositivePrice −1.7% that day
  Strong Q2 with NIM up 10 bps, 14.7% loan growth and asset quality at record best keeps PNB on track for higher profit and returns.

  Punjab National Bank held its Q2 FY27 earnings call on 16 October 2026 after reporting net profit of Rs 5,532 crore, up 12.8% year-on-year. Management highlighted domestic net interest margin improving 10 basis points to 2.74%, advances growing 14.7% to Rs 13.41 lakh crore and deposits to Rs 17.77 lakh crore, with gross NPA down to 2.55% and net NPA to 0.25%. The bank guided for further NIM improvement of 7-9 basis points from the repo hike, credit costs of 0.25-0.30% and ROA above 1% with ROE of 15-17%.

  Full analysisFiling
• 16 Oct 2026Outcome of Board MeetingMedium impactPositivePrice +4.8% on 19 Oct
  PNB approved Q2 FY27 results; prior trend points to continued revenue and profit growth.

  Punjab National Bank's board on 16 October 2026 approved the unaudited standalone and consolidated financial results for the quarter and half-year ended 30 September 2026. The meeting ran from 2:45 pm to 4:15 pm and the results with limited review report will be placed on the bank's website. Detailed Q2 numbers were not readable in the extracted text, but the bank entered the quarter on a rising profit trend with Jun 2026 net profit of Rs 5,835 crore.

  Full analysisFiling
• 7 Oct 2026General UpdatesLow impactPositivePrice +0.6% on 8 Oct
  PNB raised its repo-linked lending rate by 25 bps to 8.35%, giving a small near-term boost to interest income and margins.

  Punjab National Bank said it will raise its Repo Linked Lending Rate from 8.10% to 8.35% from 8 October 2026, after the RBI raised the repo rate on 7 October 2026. The 25 basis point rise includes a 0.35% spread, while MCLR and Base Rate are unchanged. This should modestly support the bank's interest income and margins over the next year as repo-linked loans reprice.

  Full analysisFiling

Results dates and other board meetings. Full calendar

Compounded yearly rates over each period.

Listed companies in the same business.

Ashok Chandra

Chief Executive Officer, Managing Director, Executive Director

Raman Grover

Chief Financial Officer, Chief General manager - Finance Division, Head Office

Bikramjit Shom

General Manager, Company Secretary, Board Secretary, Compliance Officer

Muthusamy Paramasivam

Executive Director

Amit Kumar Srivastava

Executive Director

Devendran Surendran

Executive Director