Punjab National Bank · NSE:PNB
Punjab National Bank — Q1 FY2026 Earnings Presentation
46 slides from Punjab National Bank's earnings presentation, Jul 30, 2025
Slide 1: Analyst Presentation cover letter to exchanges
E][>nb the name you can BANK upon! Z€r Amrit Mahotsav Share Department, Board & Coordination Division, Head Office Plot No.4 Sector IO, Dwarka, New Delhi-llO075, E-mail: hosd@pnb.c,o.in Scrip Code : PNB Scrip Code : 532461 National Stock Exchange of India Limited BSE Limited “Exchange Plaza” 1 ;t Fl
Slide 2: Financial Results Q1 FY 2026
FINANCIAL RESULTS Q1 FY 2026 30th July 2025 Follow our Official Page: pnbindia.in
Slide 3: Content
Content 1 Performance Highlights 3-6 2 Business Performance 7-17 3 Financial Performance 18-23 4 Asset Quality 24-31 5 Shareholding & Capital 32-33 6 Digitalization 34-35 HR, Network, 7 36-40 Group Business & RRBs 8 ESG, Awards & Guidance 41-43 Page I 2
Slide 4: Performance Highlights: Q1 FY'26
Performance Highlights : Q1 FY’26 ₹ 6,758 Cr ₹ 92.64 ₹ 10,578 Cr ₹ 7,081 Cr Profitability 28.3% YoY 26.7% YoY 1.0% YoY 7.6% YoY PBT Book Value Net Interest Income Operating Profit Per Share (Tangible) 3.78% 0.38% 96.88% 0.14% Asset Quality 120 bps YoY 22 bps YoY 98 bps YoY 18 bps YoY GNPA % NNPA % P
Slide 5: Profitability
Profitability Amt ₹ in Crore Operating Profit Net Interest Income 6416 6581 6853 6621 6776 7081 6216 6331 11032 10757 5379 5567 5716 5866 5968 10293 10363 10476 10517 10578 9923 9179 9499 9504 8271 7543 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 FY'23 FY'23 FY'23 F
Slide 6: Improving Asset Quality
Improving Asset Quality Gross NPA% Net NPA% 11.27% 4.28% 10.48% 3.80% 9.76% 3.30% 8.74% 2.72% 7.73% 6.96% 1.98% 6.24% 5.73% 1.47% 4.98% 0.96% 4.48% 0.73% 0.60% 4.09% 3.95% 3.78% 0.46% 0.41% 0.40% 0.38% Amt ₹ in Crore Amt ₹ in Crore Gross NPA Amount Net NPA Amount 90,167 87,035 31,744 83,584 29,348 7
Slide 7: Improving Asset Quality
Improving Asset Quality PCR%- (Incl. TWO) PCR%- (excl TWO) Credit Cost 95.90% 96.67% 96.77% 96.82% 96.88% 2.46% 94.28% 95.39% 91.91% 89.83% 90.18% 90.23% 90.27% 90.32% 1.99% 86.90% 87.93% 88.43% 1.87% 83.96% 85.17% 85.40% 1.76% 1.72% 83.04% 80.00% 1.31% 1.26% 75.84% 70.79% 0.81% 68.46% 66.28% 0.32%
Slide 8: Business Mix
Business Mix Amt ₹ in Crore Global Gross Business Growth % 11.6% YoY Gr S.N. Parameters June’24 Mar’25 June’25 2719276 2683260 QoQ YoY 2639991 2520246 1 Global Business 2436929 2683260 2719276 1.3% 11.6% 2436929 Global Deposits 12.9% YoY Gr 1a Overseas Business 82606 105877 102742 -3.0% 24.4% 158937
Slide 9: Deposits
Deposits Amt ₹ in Crore Growth % Sl. Parameters June’24 Mar’25 June’25 Deposit Mix – June’25 QoQ YoY 70656, 1 Global Deposits (2+3) 1408247 1566623 1589379 1.5% 12.9% 4.5% 2 Overseas Deposits 38331 55288 51924 -6.1% 35.5% 3 Domestic Deposits 1369916 1511336 1537455 1.7% 12.2% 497981, 31.3% 4 Current
Slide 10: Advances
Advances Amt ₹ in Crore Growth % Sl. Parameters June’24 Mar’25 June’25 QoQ YoY Credit Mix – June’25 1 Global Advances (2+3) 1028682 1116637 1129898 1.2% 9.8% 2 Overseas Advances 44275 50589 50818 0.5% 14.8% 3 Domestic Advances 984407 1066048 1079080 1.2% 9.6% 262219, 24.3% Out of which 468550, 4 Ret
Slide 11: Core Retail Advances
Core Retail Advances Amt ₹ in Crore Core Retail* Home Loan* YoY Gr.: 17.7% YoY Gr.: 16.6% 118708 116312 191126 199889 204817 174002 185400 109948 111230 101796 June'24 Sept'24 Dec'24 Mar'25 June'25 June'24 Sept'24 Dec'24 Mar'25 June'25 Vehicle Loan* Education Loan > 7.5 lacs YoY Gr.: 25.3% YoY Gr.:
Slide 12: Government Flagship Schemes
Government Flagship Schemes Amt ₹ in Crore As on June’25 Amt in Rs. PM SURYA GHAR YOJANA Amt in Rs. No. of Q1 FY25 Q1 FY26 Amount Crore Crore A/c Sanctioned 5473 5850 Sanctioned 45051 811.45 Disbursed 5427 5811 Disbursed 37253 618.69 As on June’25 As on June’25 PM-VIDYALAXMI SCHEME Amt in Rs. No. of
Slide 13: 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 46.81 48.11 75.54 300.15 41.86 43.79 ➢ LDMO- 113 73.08 291.97 39.80 283.22 69.32 272.63 ➢
Slide 14: 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 June’24 Mar’25 June’25 Sl Rating Grade 2.20% 1.68% 1.59% Amt. % Share Amt. % Share Amt. % Share 4.32% 4.69% 4.63% 1 AAA 168768 42.72% 220837 50.42% 225231 49.99% 10.04%
Slide 15: Diversified Industry Portfolio & Energy Sector
Diversified Industry Portfolio & Energy Sector Amt ₹ in Crore June’24 Mar’25 June’25 Energy Sector Sl. Industry % to % to % to O/s Domestic O/s Domestic O/s Domestic External Rating Standard Portfolio Advances Advances Advances 30.06.2025 : ₹ 42849 Cr 1 Infrastructure 97279 9.9% 103331 9.7% 102131 9
Slide 16: NBFC Sector
NBFC Sector Amt ₹ in Crore Key Sectors As on External Rating Wise Portfolio – As on 30.06.2025 June’24 Mar’25 June’25 Housing Finance Companies PSUs & PSU backed NBFC 148157 160194 167751 Out of which, A BBB& Below A 305 7 2227 NBFC- HFC 46667 52402 55663 0.55% 6.35% 0.01% NBFC- PSUs and PSU backed
Slide 17: Investment Portfolio
Investment Portfolio Amt ₹ in Crore Sl. Parameters June’24 Mar’25 June’25 1 Gross Domestic Investment 422822 492305 505731 2 SLR 316414 363867 372728 2a SLR as % to Dom. Investment (2/1) 74.83% 73.91% 73.70% 3 Non SLR 106408 128438 133003 4 Held To Maturity (HTM) 311174 348554 359125 4a HTM To Gross
Slide 18: Non SLR Investment
Non SLR Investment Amt ₹ in Crore June’24 Mar’25 June’25 Sl. Parameters O/S % Share O/S % Share O/S % Share 1 PSU Bonds 18968 17.83% 22583 17.58% 34198 25.71% 2 Corporate and Other Bonds & Debentures 14398 13.53% 17295 13.47% 18392 13.83% 3 Special Govt. Sec excl. Recap Bonds 741 0.70% 488 0.38% 490
Slide 19: Balance Sheet-Liabilities & Assets
Balance Sheet-Liabilities & Assets Amt ₹ in Crore Sl. Parameters 30th June’24 31st Mar’25 30th June’25 CAPITAL & LIABILITIES 1 Capital 2202 2299 2299 2 Reserves and Surplus 109658 125064 129668 3 Deposits 1408247 1566623 1589379 4 Borrowings 51223 83777 71261 5 Other Liabilities and Provisions 31984
Slide 20: Income
Income Amt ₹ in Crore Q1 Q4 Q1 YoY Variation QoQ Variation Sl. Parameters FY25 FY25 FY26 Amt. % Amt. % 1 Interest Income (2+3+4) 28556 31989 31964 3407 11.9% -25 -0.1% 2 Interest on Advances 20452 22225 21664 1212 5.9% -561 -2.5% 3 Interest on Investments 7232 8012 8438 1206 16.7% 426 5.3% 4 Other I
Slide 21: Expenses
Expenses Amt ₹ in Crore Q1 Q4 Q1 YoY Variation QoQ Variation Sl. Parameters FY25 FY25 FY26 Amt. % Amt. % 1 Total Interest Paid (2+3+4) 18080 21232 21386 3306 18.3% 154 0.7% 2 Interest Paid on Deposits 16896 19881 20412 3516 20.8% 531 2.7% 3 Interest Paid on Borrowings 352 554 193 -159 -45.2% -361 -6
Slide 22: Profit & Provisions
Profit & Provisions Amt ₹ in Crore Q1 Q4 Q1 YoY Variation QoQ Variation Sl. Parameters FY25 FY25 FY26 Amt. % Amt. % 1 Net Interest Income 10476 10757 10578 102 1.0% -179 -1.7% 2 Other Income 3610 4716 5268 1658 45.9% 552 11.7% 3 Operating Income (1+2) 14086 15473 15846 1760 12.5% 373 2.4% 4 Operatin
Slide 23: Efficiency Ratios (Quarter)
Efficiency Ratios (Quarter) Cost of Deposits [%] (Annualized) Cost of Funds [%] NIM [%] 4.76%4.75% 4.70%4.70% 4.54%4.49% 3.07%3.21% 5.10% 5.08% 5.36% 5.37% 5.33% 5.35% 2.81%2.96% 2.70%2.84% June'24 Mar'25 Jun'25 June'24 Mar'25 Jun'25 June'24 Mar'25 Jun'25 (Q1) (Q4) (Q1) (Q1) (Q4) (Q1) (Q1) (Q4) (Q1)
Slide 24: Profitability/Productivity Ratios
Profitability/Productivity Ratios (Annualized) Q1 Q4 Q1 Sl. Key Ratios FY25 FY25 FY26 1 Return on Assets [%] 0.82% 1.02% 0.37%* 2 Return on Equity [%] 16.82% 19.23% 6.59%* 3 Book Value per Share [₹] 93.87 103.36 105.23 4 Book Value per Share-Tangible [₹] 73.11 84.83 92.64 5 Earnings per share [₹] (N
Slide 25: 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 30.06.25 Provisions Position as on 30.06.25 Provisions under OTR 1 Made# Loan and aggregate under OTR 2 Made# Loan and aggregate Sl. Sl. ex
Slide 26: Asset Quality – SMA 2 Accounts
Asset Quality –SMA 2 Accounts ( > Rs 5.00 Crore) Amt ₹ in Crore June’24 Mar’25 June’25 CATEGORY S. N. % of Domestic % of Domestic % of Domestic SMA2 SMA2 SMA2 Advances Advances Advances 1 RETAIL 90 0.01% 74 0.01% 43 0.004% 2 AGRICULTURE 271 0.03% 0 0.00% 372 0.03% 3 MSME 1012 0.10% 91 0.01% 755 0.07
Slide 27: Movement of NPA
Movement of NPA Amt ₹ in Crore Sl. Parameters Q1 FY’25 Q4 FY’25 Q1 FY’26 1 NPA at the beginning of Year/Quarter 56343 45414 44082 2 Cash Recovery & Up-gradation (2a+2b) 1721 2205 1662 2a -Cash Recovery 1196 1501 1068 2b -Up-gradation 524 704 594 3 Write Off 5115 2129 1633 4 Total Reduction (2+3) 683
Slide 28: Asset Classification
Asset Classification Amt ₹ in Crore June’24 Mar’25 June’25 YoY Variation Sl. Parameters O/S Share% O/S Share% O/S Share% Amt. Var. % 1 Standard 977419 95.02% 1072555 96.05% 1087225 96.22% 109806 11.23% 2 Gross NPA 51263 4.98% 44082 3.95% 42673 3.78% -8590 -16.76% 2a Sub-Standard 5132 0.50% 5559 0.50
Slide 29: Slippages & Recoveries
Slippages & Recoveries Amt ₹ in Crore Sector wise Fresh Slippage 8.4% Recovery v/s Slippages YoY Q1 Q4 Q1 2904 Period FY 24-25 FY 24-25 FY 25-26 5.9% 14.3% 51.4% 83.1% YoY YoY YoY YoY Net Recovery 3249 4733 3356 1792 1653 NPA Addition 1400 1755 3001 1886 (Net Slippage) 995 966 Recovery v/s 638 1.9x
Slide 30: NPA Classification - Sector Wise
NPA Classification - Sector Wise Amt ₹ in Crore June’24 Mar’25 June’25 Sl. Parameters Advances GNPA GNPA% Advances GNPA GNPA% Advances GNPA GNPA% 1 Retail Loans 234564 3340 1.42% 259363 3311 1.28% 262219 2692 1.03% 2 Agriculture 168503 21301 12.64% 180625 19813 10.97% 178885 19261 10.77% 3 MSME 1428
Slide 31: NPA Classification - Industry Wise
NPA Classification- Industry Wise Amt ₹ in Crore June’24 Mar’25 June’25 Sl. Diversified Industry Portfolio O/s GNPA GNPA % O/s GNPA GNPA % O/s GNPA GNPA % 1 Infrastructure 97279 2298 2.4% 103331 1140 1.1% 102131 1075 1.05% -Energy 43572 1206 2.8% 45379 969 2.1% 43849 1000 2.28% -Tele-Communication 9
Slide 32: 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 1 100.00% NARCL 2 2763 2763 2 RBI list 2 9 4016 4016 100.00% No of Balance 3 Filed by PNB 107 6463 6423 99.38% S.No Position of accounts with PNB Accounts Outstanding 4 Filed by
Slide 33: Share Holding and Ratings
Share Holding and Ratings Shareholding as on 30.06.2025 PNB’s Rating Total No. of Shares: 1149.29 Crores Moody’s Fitch 1.51% 0.99% 1.01% 5.51% 5.71% 5.52% PNB’s Rating- PNB’s Rating- 8.55% 8.33% Baa3/P-3/ Stable BBB-/F3/Stable 9.10% 1.91% 4.72% 5.12% 8.82% PNB’s BOND RATING 9.95% 9.94% Basel III S.N
Slide 34: Capital Adequacy
Capital Adequacy Amt ₹ in Crore Capital & CRAR Sl. Parameters June’24 Mar’25 June’25 1 Total Capital (Tier 1+2) 118834 140755 149051 Risk Weighted Assets CRAR % 15.79% 17.01% 17.50% Sl. Parameters June’24 Mar’25 June’25 Out of Which, 1 Total RWA 752450 827668 851723 2 Tier 1 98082 116235 124510 Tier
Slide 35: Augmenting Digital Base
Augmenting Digital Base Number of Digital Transactions UPI Transactions through PNB Corporate M - Banking App (in Crores) One (in Lakhs) Launched on 18.09.2024 294 100.4 No.of Users 1.41 Lakh 221 48.5 Financial Txn 1947K App Rating 4.1/4.2 (Play Store/iOS) Q1 Q1 Q1 Q1 FY 25 FY 26 FY 25 FY 26 ❖ 200+
Slide 36: Progress Under Major Digital Offerings
Progress Under Major Digital Offerings Central Bank Digital Currency New Initiatives Undertaken Way Forward (CBDC) • Gen AI Chatbot (PIHU): Available on Bank’s Website, IBS & PNB One • On boarding SI for full fledged Gen AI implementation No.of Users No.of Txn • Simplified IMPS: Fund transfer via Mo
Slide 37: HR Transformation Project "UDAAN"
HR Transformation Project “UDAAN” Empowering Excellence: Revamped Digital PMS under UDAAN ▪ Key Result Areas (KRAs) ▪ UDAAN Mobile App are being revamped to launched on both make them more Android and iOS business-oriented and platforms. impact-driven, ensuring ▪ A strategic benchmarking ▪ Upgrades
Slide 38: HR Transformation Project "UDAAN"
HR Transformation Project “UDAAN” Capability Building Leadership Development Program URJA Program for Customer Service Associates Gen-AI HR Learning Chatbot (LDP 3.0) & Udaan Elevate 2.0 ❖ Desing Creation & Development of Gen-AI ❖ A targeted training initiative has been launched to ❖ Leadership Deve
Slide 39: Distribution Network
As on 30.06.2025 Distribution Network Total Touch Points :- 53212 International Presence Branches at:- Dubai and Gift City, Gandhinagar Branches Subsidiaries:-London(UK) and Bhutan 119 (Domestic) ATM BCs Joint Venture:- Nepal 8 11240 31763 Representative Offices:- Myanmar and Bangladesh 10209 355 De
Slide 40: Group Structure of the Bank
Group Structure of the Bank PNB Subsidiaries Associates & Joint Venture Domestic Foreign RRB Domestic Foreign 35% stake in each one:- 1. PNBIL, London - 1. PNB Housing Finance Ltd – 28.08% 1. Bihar Gramin Bank 1. PNB Cards & Services 100% Ltd. – 100% 2. PNB MetLife India Insurance Co. Ltd - Everest
Slide 41: Performance of Subsidiaries, Associates, Joint Venture & RRB's
Performance of Subsidiaries, Associates, Joint Venture & RRB’s Amt ₹ in Crore Performance of RRBs* Results Total Total Gross Net Name of the entity (Unaudited) (3/6/9/12 M) Income Expenses Profit Profit Q1 FY’25 Q1 FY’26 Consolidated PNB Housing Finance Ltd June’25 (3M) 2137 1577 559 418 June’24 Jun
Slide 42: ESG Highlights
ESG Highlights Environmental Social Governance • Bank has established a dedicated ESG cell at HO to capture • Bank operates 12 Farmer Training Centres, 78 RSETIs, and • Bank maintains robust policies and SOPs including Cyber the climate, sustainability related opportunities & to steer its 2 PNB-led
Slide 43: Rewards & Accolades
Rewards & Accolades Under EASE 7.0, PNB awarded in 3 themes: Secured First position at Digital Payments 4th IBA CISO Summit, Bank was Awarded for: ✓ Effective risk/fraud management, collections and Awards 2023-24 under PSB category. ✓ Cyber Security Team of the Year (Winner) recovery (Winner) Awarde
Slide 44: Guidance for FY'26 vs Actuals for June'25
Guidance for FY’26 vs Actuals for June’25 Parameters Guidance for FY’26 June’25 (Actuals) Credit Growth % (YoY) 11% - 12% 9.84% Deposit Growth % (YoY) 9% - 10% 12.86% CASA Share % > 38% 36.99% Operating Profit Gr % (YOY) 8%-9% 7.60% Net Interest Income Gr % (YOY) 7% 0.97% NIM % 2.8% - 2.9% 2.70% Gro
Slide 45: 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 46: Thank you
2,67,079 29,73,857 Thank you 1,86,620 40,104 4,66,323 8,96,869 Pihu- AI Chatbot
Punjab National Bank — Q1 FY2026 Earnings Presentation on 6ix