Punjab National Bank · NSE:PNB
Punjab National Bank — Q3 FY2026 Earnings Presentation
51 slides from Punjab National Bank's earnings presentation, Jan 19, 2026
Slide 1: Filing cover letter to stock exchanges
EIF>nb ...the name you can BANK upon! ( 11: Amrit Mihotsav :r Share Department, Board & Coordination Division, Head Office Plot No.4 Sector IO, Dwarka, New Delhi-llO075, E-mail: hQ Sd@PDb.bpnk,in Scrip Code: PNB Scrip Code: 532461 National Stock Exchange of India Limited BSE Limited 'Exchange Plaza’
Slide 2: Financial Results Q3 FY 2026
FINANCIAL RESULTS Q3 FY 2026 th 19 January 2026 Follow our Official Page: www.pnb.bank.in
Slide 3: Content
Content 1 Performance Highlights 3-7 2 Business Performance 8-18 3 Financial Performance 19-25 4 Asset Quality 26-33 5 Shareholding & Capital 34-35 6 Digitalization/Analytics 36-39 HR, Network, 7 40-44 Group Business & RRBs 8 ESG, Awards & Guidance 45-48 Page I 2
Slide 4: Performance Highlights: Q3 FY'26
Performance Highlights : Q3 FY’26 Book Value Per Operating Profit Net Profit ROA% Share (Tangible) Profitability ₹ 5,100 Cr 1.06% ₹ 7,481 Cr 03 bps YoY ₹ 101.89 13.0% YoY 13.1% YoY 23.1% YoY GNPA % NNPA % PCR (Inc. TWO) % Slippage Ratio Asset Quality 3.19% 0.32% 96.99% 0.67% 90 bps YoY 9 bps YoY 22
Slide 5: Profitability
Profitability Amt ₹ in Crore Net Profit Return on Assets (%) (Annualized) 1.06% 4904 5100 1.02% 1.03% 1.02% 1.05% 4303 4508 4567 1.05% 0.82% 0.85% 0.77% 3010 3252 0.65% 0.58% 2223 0.46% 1756 1675 0.45% 0.32% 0.34% 1159 1255 629 0.25% 0.17% 0.37% 0.05% Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q3 Q4 Q1
Slide 6: Profitability
Profitability Return on Equity (%) (Annualized) Earning Per Share (Not Annualized) (₹) 19.91% 19.22%19.23% 4.27 4.44 16.82% 17.95% 17.80% 3.90 3.92 3.97 16.48% 12.45% 2.73 2.95 10.15% 2.02 7.11% 7.50% 1.59 3.85% 1.05 1.14 6.59% 0.57 1.46 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2
Slide 7: Improving Asset Quality
Improving Asset Quality Gross NPA% Net NPA% 3.30% 9.76% 8.74% 2.72% 7.73% 1.98% 6.96% 6.24% 1.47% 5.73% 4.98% 0.96% 4.48% 0.73% 0.60% 4.09% 3.95% 3.78% 0.46% 0.41% 0.40% 0.38% 0.36% 0.32% 3.45% 3.19% Amt ₹ in Crore Amt ₹ in Crore Gross NPA Amount Net NPA Amount 83,584 77,328 26,363 70,899 65,563 22,
Slide 8: Improving Asset Quality
Improving Asset Quality PCR%- (Incl. TWO) PCR%- (excl TWO) Credit Cost % (Annualized) 95.90% 96.67% 96.77% 96.82% 96.88% 96.91% 96.99% 1.99% 94.28% 95.39% 1.87% 91.91% 1.72% 89.83% 90.18% 90.23% 90.27% 90.32% 90.02% 90.25% 86.90% 87.93% 88.43% 85.17% 85.40% Increase in credit cost 1.31% 1.26% is due
Slide 9: Business Mix
Business Mix Amt ₹ in Crore Global Gross Business 9.5% YoY Gr Growth % 2891528 S.N. Parameters Dec’24 Sept’25 Dec’25 QoQ YoY 2786673 2719276 2683260 1 Global Business 2639991 2786673 2891528 3.8% 9.5% 2639991 Global Deposits 1a Overseas Business 105025 104805 127342 21.5% 21.2% 8.5% YoY Gr 1b Domest
Slide 10: Deposits
Deposits Amt ₹ in Crore Growth % Sl. Parameters Dec’24 Sept’25 Dec’25 Domestic Deposit Mix – Dec’25 QoQ YoY 76377, 4.8% 1 Global Deposits (2+3) 1529699 1617080 1660290 2.7% 8.5% 2 Overseas Deposits 54938 53098 62898 18.5% 14.5% 3 Domestic Deposits 1474760 1563982 1597392 2.1% 8.3% 515799, 32.3% 4 Cu
Slide 11: Advances
Advances Amt ₹ in Crore Growth % Sl. Parameters Dec’24 Sept’25 Dec’25 QoQ YoY Domestic Credit Mix – Dec’25 1 Global Advances (2+3) 1110292 1169592 1231238 5.3% 10.9% 2 Overseas Advances 50087 51707 64444 24.6% 28.7% 3 Domestic Advances 1060205 1117885 1166793 4.4% 10.1% 281988, 24.2% Out of which 50
Slide 12: Retail Advances
Retail Advances Retail* Amt ₹ in Crore Home Loan* YoY Gr.: 18.9% YoY Gr.: 14.5% 127364 243608 124099 213037 218842 233532 204919 118708 116312 111230 Dec'24 Mar'25 June'25 Sept'25 Dec'25 Dec'24 Mar'25 June'25 Sept'25 Dec'25 Vehicle Loan* Education Loan YoY Gr.: 35.7% YoY Gr.: 7.1% 9036 33458 8902 27
Slide 13: Priority Sector Achievement & Flagship Govt. Schemes
Priority Sector Achievement & Flagship Govt. Schemes Amt ₹ in Crore TOTAL PRIORITY SECTOR ADVANCES As on Dec’25 @42.68% of ANBC against norm of 40% PM-VIDYALAXMI Amt in Rs. No. of SCHEME Crore Amount A/c AGRICULTURE (PS) ADVANCES @18.17% of ANBC against norm of 18% Sanctioned 3747 434 ACHIEVED ALL S
Slide 14: Financial Inclusion Performance
Financial Inclusion Performance Nos in lakhs Nos in lakhs Nos in lakhs ➢ SLBC- 5 Pradhan Mantri Jeevan Pradhan Mantri Suraksha Atal Pension Yojana (APY) Jyoti Bima Yojana (PMJJBY) Bima Yojana (PMSBY) ➢ UTLBC-1 53.27 81.18 85.43 332.72 46.81 48.11 50.96 ➢ LDMO- 113 73.08 75.54 43.79 69.32 320.97 ➢ Ru
Slide 15: External Rating (Std FB) Portfolio & Adv. on Benchmark Rates
External Rating (Std FB) Portfolio & Adv. on Benchmark Rates Amt ₹ in Crore Portfolio > Rs.25 Crore Advances Mix of Benchmark rate Dec’24 Sept’25 Dec’25 Sl Rating Grade 1.80% 1.50% 1.37% Amt. % Share Amt. % Share Amt. % Share 4.66% 5.16% 5.32% 1 AAA 197767 45.44% 244978 51.67% 264958 53.05% 9.53% 8.
Slide 16: Diversified Industry Portfolio & Energy Sector
Diversified Industry Portfolio & Energy Sector Amt ₹ in Crore Dec’24 Sept’25 Dec’25 Energy Sector Sl. Industry % to % to % to O/s Domestic O/s Domestic O/s Domestic External Rating Standard Portfolio Advances Advances Advances 31.12.2025 : ₹ 48089 Cr 1 Infrastructure 102821 9.7% 107598 9.6% 111273 9
Slide 17: NBFC Sector
NBFC Sector Amt ₹ in Crore Key Sectors As on External Rating Wise Portfolio – As on 31.12.2025 Dec’24 Sept’25 Dec’25 Housing Finance Companies PSUs & PSU backed NBFC 160588 183006 203179 Out of which, A BBB& Below AA A 350 105 1500 2171 NBFC- HFC 54645 60990 65188 0.54% 4.71% 0.16% 3.25% NBFC- PSUs
Slide 18: Investment Portfolio
Investment Portfolio Amt ₹ in Crore Sl. Parameters Dec’24 Sept’25 Dec’25 1 Gross Domestic Investment 462942 496450 484281 2 SLR 349189 367617 360811 2a SLR as % to Dom. Investment (2/1) 75.43% 74.05% 74.50% 3 Non SLR 113753 128833 123471 4 Held To Maturity (HTM) 337160 360125 362406 4a HTM To Gross
Slide 19: Non SLR Investment
Non SLR Investment Amt ₹ in Crore Dec’24 Sept’25 Dec’25 Sl. Parameters O/S % Share O/S % Share O/S % Share 1 PSU Bonds 19919 17.51% 30820 23.92% 30363 24.59% 2 Corporate and Other Bonds & Debentures 15973 14.04% 17429 13.53% 15356 12.44% 3 Special Govt. Sec excl. Recap Bonds 696 0.61% 488 0.38% 487
Slide 20: Balance Sheet-Liabilities & Assets
Balance Sheet-Liabilities & Assets Amt ₹ in Crore Sl. Parameters 31st Dec’24 30th Sept’25 31st Dec’25 CAPITAL & LIABILITIES 1 Capital 2299 2299 2299 2 Reserves and Surplus 123515 133503 139819 3 Deposits 1529699 1617080 1660290 4 Borrowings 73024 84687 90180 5 Other Liabilities and Provisions 33874
Slide 21: Income
Income Amt ₹ in Crore Q3 Q2 Q3 YoY Variation 9M 9M YoY Variation Sl. Parameters FY25 FY26 FY26 Amt. % FY25 FY26 Amt. % 1 Interest Income (2+3+4) 31340 31872 32231 891 2.8% 89771 96066 6295 7.0% 2 Interest on Advances 22240 21914 22695 455 2.0% 63876 66273 2397 3.8% 3 Interest on Investments 7741 854
Slide 22: Expenses
Expenses Amt ₹ in Crore Q3 Q2 Q3 YoY Variation 9M 9M YoY Variation Sl. Parameters FY25 FY26 FY26 Amt. % FY25 FY26 Amt. % 1 Total Interest Paid (2+3+4) 20308 21403 21698 1390 6.8% 57746 64487 6741 11.7% 2 Interest Paid on Deposits 19118 20425 20524 1406 7.4% 54255 61361 7106 13.1% 3 Interest Paid on
Slide 23: Profit & Provisions
Profit & Provisions Amt ₹ in Crore Q3 Q2 Q3 YoY Variation 9M 9M YoY Variation Sl. Parameters FY25 FY26 FY26 Amt. % FY25 FY26 Amt. % 1 Net Interest Income 11032 10469 10533 -499 -4.5% 32025 31579 -446 -1.4% 2 Other Income 3412 4342 5022 1610 47.2% 11593 14632 3039 26.2% 3 Operating Income (1+2) 14444
Slide 24: Efficiency Ratios (Quarter)
Efficiency Ratios (Quarter) (Annualized) Global Domestic Cost of Deposits [%] Cost of Funds [%] NIM [%] 5.24% 5.23% 5.18% 5.18% 5.09% 5.10% 4.63% 4.59% 4.58% 4.57% 4.50% 4.50% 2.93% 3.09% 2.60% 2.72% 2.52% 2.65% Dec'24 Sept'25 Dec'25 Dec'24 Sept'25 Dec'25 Dec'24 Sept'25 Dec'25 (Q3) (Q2) (Q3) (Q3) (Q
Slide 25: Efficiency Ratios (9M FY26)
Efficiency Ratios (9M FY26) (Annualized) Global Domestic Cost of Deposits [%] Cost of Funds [%] NIM [%] 5.18% 5.16% 5.23% 5.21% 5.20% 5.21% 4.58% 4.54% 4.63% 4.59% 4.59% 4.59% 2.97% 3.12% 2.93% 3.08% 2.60% 2.73% Dec'24 Mar'25 Dec'25 Dec'24 Mar'25 Dec'25 Dec'24 Mar'25 Dec'25 (9M) (FY) (9M) (9M) (FY)
Slide 26: Profitability/Productivity Ratios
Profitability/Productivity Ratios (Annualized) Q3 Q2 Q3 9M 9M Sl. Key Ratios FY25 FY26 FY26 FY25 FY26 1 Return on Assets [%] 1.03% 1.05% 1.06% 0.96% 0.83% 2 Return on Equity [%] 19.22% 17.95% 17.80% 18.87% 14.45% 3 Book Value per Share [₹] 102.02 108.57 114.09 102.02 114.09 4 Book Value per Share-Ta
Slide 27: One Time Restructuring (OTR 1 & 2)
One Time Restructuring (OTR 1 & 2) Amt ₹ in Crore OTR 1 OTR 2 As per RBI's guidelines dated As per RBI's guidelines dated Aug 06,2020 May 05,2021 Position as on 31.12.25 Provisions Position as on 31.12.25 Provisions under OTR 1 Made# Loan and aggregate under OTR 2 Made# Loan and aggregate Sl. Sl. ex
Slide 28: Asset Quality – SMA 2 Accounts (> Rs 5.00 Crore)
Asset Quality –SMA 2 Accounts ( > Rs 5.00 Crore) Amt ₹ in Crore Dec’24 Sept’25 Dec’25 CATEGORY S. N. % of Domestic % of Domestic % of Domestic SMA2 SMA2 SMA2 Advances Advances Advances 1 RETAIL 84 0.01% 102 0.01% 87 0.01% 2 AGRICULTURE 259 0.02% 314 0.03% 359 0.03% 3 MSME 961 0.09% 1040 0.09% 1001 0
Slide 29: Movement of NPA
Movement of NPA Amt ₹ in Crore Sl. Parameters Q3 FY’25 Q2 FY’26 Q3 FY’26 9M FY’25 9M FY’26 1 NPA at the beginning of Year/Quarter 47582 42673 40343 56343 44082 2 Cash Recovery & Up-gradation (2a+2b) 1973 2716 1693 5456 4848 2a -Cash Recovery 1333 1125 1054 3790 2949 2b -Up-gradation 640 1591 639 166
Slide 30: Asset Classification
Asset Classification Amt ₹ in Crore Dec’24 Sept’25 Dec’25 YoY Variation Sl. Parameters O/S Share% O/S Share% O/S Share% Amt. Variation 1 Standard 1064878 95.91% 1129249 96.55% 1191923 96.81% 127045 11.93% 2 Gross NPA 45414 4.09% 40343 3.45% 39314 3.19% -6100 90 bps 2a Sub-Standard 5189 0.47% 5744 0.
Slide 31: Slippages & Recoveries
Slippages & Recoveries Amt ₹ in Crore Sector wise Fresh Slippage Recovery v/s Slippages 18121824 Q3 Q2 Q3 9M 9M 1600 Period FY 24-25 FY 25-26 FY 25-26 FY24-25 FY25-26 Net Recovery 3412 3920 4090 10400 10142 829 864 802 NPA Addition 1774 1955 1901 4557 4518 (Net Slippage) 542 446 429 419 438 306 Reco
Slide 32: NPA Classification - Sector Wise
NPA Classification - Sector Wise Amt ₹ in Crore Dec’24 Sept’25 Dec’25 Sl. Parameters Advances GNPA GNPA% Advances GNPA GNPA% Advances GNPA GNPA% 1 Retail Loans 262627 3344 1.27% 272210 2730 1.00% 281988 2797 0.99% 2 Agriculture 174472 20475 11.74% 183987 18946 10.30% 191629 18626 9.72% 3 MSME 159383
Slide 33: NPA Classification - Industry Wise
NPA Classification- Industry Wise Amt ₹ in Crore Dec’24 Sept’25 Dec’25 Sl. Diversified Industry Portfolio O/s GNPA GNPA % O/s GNPA GNPA % O/s GNPA GNPA % 1 Infrastructure 102821 2197 2.1% 107598 123 0.11% 111273 182 0.16% -Energy 44496 995 2.2% 45479 65 0.14% 48166 77 0.16% -Tele-Communication 13306
Slide 34: Exposure to NCLT (Admitted) Accounts & NARCL
Exposure to NCLT (Admitted) Accounts & NARCL Amt ₹ in Crore NCLT Sl. Parameters Accounts Balance Provision PCR% 1 RBI list 1 2 2763 2763 100.00% NARCL 2 RBI list 2 9 4016 4016 100.00% No of Balance 3 Filed by PNB 111 6695 6675 99.71% S.No Position of accounts with PNB Accounts Outstanding 4 Filed by
Slide 35: Shareholding and Ratings
Shareholding and Ratings Shareholding as on 31.12.2025 PNB’s Rating Total No. of Shares: 1149.29 Crores Moody’s Fitch 1.21% 1.08% 1.00% 5.70% 5.67% 5.94% PNB’s Rating- PNB’s Rating- 8.71% 7.71% 6.98% Baa3/P-3/ Stable BBB-/F3/Stable 5.36% 5.52% 6.21% 8.94% 9.94% 9.79% PNB’s BOND RATING Basel III S.N
Slide 36: Capital Adequacy
Capital Adequacy Amt ₹ in Crore Capital & CRAR Sl. Parameters Dec’24 Sept’25 Dec’25 Risk Weighted Assets 1 Total Capital (Tier 1+2) 128081 147269 147410 Sl. Parameters Dec’24 Sept’25 Dec’25 CRAR % 15.41% 17.19% 16.77% Out of Which, 1 Total RWA 831358 856879 879122 2 Tier 1 104122 123482 124230 Out o
Slide 37: Augmenting Digital Base
Augmenting Digital Base Number of Digital Transactions PNB One Activated Users PNB One BIZ Activated Users (in Crores) (in Lakhs) (in Lakhs) 344 250 2.42 275 208 0.36 Q3 Q3 FY 25 FY 26 As on 31.12.2024 As on 31.12.2025 As on 31.12.2024 As on 31.12.2025 (Revamped PNB One 2.0 – Available in 14 languag
Slide 38: Progress Under Major Digital Offerings – Digital Lending
Progress Under Major Digital Offerings – Digital Lending Digital Lending Performance Digital Lending Products Digital Sanctions – Q3 FY 26 No. of Accounts RETAIL (₹ 3409.23 Crores) 87777 1. Digi Car Loan 1. Krishi Tatkal Rin 1. e-GST Express 2. Personal Loan 2. KCC Review, Renewal & DP 2. Easy MSME
Slide 39: Progress Under Major Digital Offerings
Progress Under Major Digital Offerings Central Bank Digital Currency (CBDC) New Initiatives Undertaken No. of Users No. of Transactions 5.96 Lakh 98.42 Lakh • PNB One Upgradation: With enhanced UI/UX with latest technology stack ❖ Recognized by RBI & Government for innovative implementation, • PNB O
Slide 40: Analytics Driven Decision Making
Analytics Driven Decision Making PNB PRISM Business Augmentation Portfolio & Relationship Intelligence for Strategic (Amt ₹ in Crore) Markets As on Dec’25 ₹ 8945 Perpetual Pipeline Deposit & Transaction Score (DTS): Transforming passive digital Score Model for Depositors touchpoints into a proactive
Slide 41: HR Transformation Project 'UDAAN'
HR Transformation Project “UDAAN” Revamped Digital PMS Framework under HR Transformation Project Udaan Driving Organisational Alignment and Objective Performance Evaluation 1. The Framework: 3. The Outcomes: 2. The Engine: Data-Driven Automation Clarity & Scale Strengthened Performance 16,160 Asset
Slide 42: HR Transformation Project 'UDAAN' Capability Building
HR Transformation Project “UDAAN” Capability Building Creating a Skilled, Adaptable and Future- Ready Work Force The Scale & The Approach A Deliberate 3-Step Process 68,489 Asset Share/ Digitalization/ ESG/ Highlights Business Financial HR/Network/GB/RRB Quality Capital Analytics Award Page I 41
Slide 43: Distribution Network
As on 31.12.2025 Distribution Network Total Touch Points :- 54,179 International Presence Branches at:- Dubai and Gift City, Gandhinagar Branches Subsidiaries:-London(UK) and Bhutan 118 (Domestic) ATM BCs Joint Venture:- Nepal 8 11109 32809 Representative Offices:- Myanmar and Bangladesh 10261 354 D
Slide 44: Group Structure of the Bank
Group Structure of the Bank PNB Subsidiaries Associates & Joint Venture Domestic Foreign Domestic RRB Foreign 35% stake in each one:- 1. PNBIL, London - 1. Bihar Gramin Bank 1. PNB Cards & Services 100% 1. PNB Housing Finance Ltd – Ltd. – 100% 28.04% Everest Bank, 2. Sarva Haryana Gramin Bank 2.DRUK
Slide 45: Performance of Subsidiaries, Associates, Joint Venture & RRBs
Performance of Subsidiaries, Associates, Joint Venture & RRB’s Amt ₹ in Crore Performance of RRBs (Unaudited) Results Total Total Gross Net Name of the entity (3/6/9/12 M) Income Expenses Profit Profit Consolidated Q3 FY’25 Q3 FY’26 Dec’24 * Dec’25 YoY% Position PNB Housing Finance Ltd Sept’25 (6M)
Slide 46: ESG Highlights
ESG Highlights Environmental Social Governance • Third Party Verification and Impact • Bank has appointed Indian women’s • ISO 27001:2022 Information Security Assessment of the Green Deposits cricket captain Harmanpreet Kaur as its Management System Certification coupled Proceeds (as on March 31, 20
Slide 47: ESG – Green Initiatives
ESG – Green Initiatives Adoption of Green Tariff Net zero plan for Scope 1 & 2 by Net Zero Conceptual across branches and 2031 and Subsidiaries of the Framework, announcing offices in Maharashtra, bank have also set their Carbon 2060 as the Net zero Odisha, and Uttarakhand, Neutrality Plan with the
Slide 48: Rewards & Accolades
Rewards & Accolades PNB was recognized for its outstanding performance at Agriculture Infrastructure Fund (AIF) Scheme: • 1st position in Geo Tagging of sanctioned and disbursed AIF loans accounts. • 2nd position in AIF Loan Disbursement. Bank was awarded "The Jury's Choice Award" in highly competit
Slide 49: Guidance for FY'26 vs Actuals for December'25
Guidance for FY’26 vs Actuals for December’25 Parameters Guidance for FY’26 Dec’25 (Q3) 9M FY’26 Credit Growth % (YoY) 11% - 12% 10.9% 10.9% Deposit Growth % (YoY) 9% - 10% 8.5% 8.5% CASA Share % > 38% 37.1% 37.1% Operating Profit Gr % (YOY) 8%-9% 13.0% 8.7% Net Interest Income Gr % (YOY) 7% -4.5% -
Slide 50: Disclaimer
Disclaimer “This representation contains certain forward-looking statements apart from historical information. These forward-looking statements involve a number of risks, uncertainties and other factors that could cause actual results to differ materially from those suggested by the forward-looking
Slide 51: Thank you
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Punjab National Bank — Q3 FY2026 Earnings Presentation on 6ix