Punjab National Bank · NSE:PNB
Punjab National Bank — Q2 FY2026 Earnings Presentation
49 slides from Punjab National Bank's earnings presentation, Oct 18, 2025
Slide 1: Analyst Presentation filing letter to exchanges
E]pnb ...the name you can BANK upon! Zfr Amnt Mahotsav Share Department, Board & Coordination Division, Head Office Plot No.4 Sector IO, Dwarka, New Delhi-llC)075, E-mail: hQ sdPpnb.bank.in Scrip Code : PNB Scrip Code : 532461 National Stock Exchange of India Limited BSE Limited “Exchange Plaza’ 1 ;
Slide 2: Financial Results Q2 FY 2026
FINANCIAL RESULTS Q2 FY 2026 th 18 October 2025 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 36-38 HR, Network, 7 39-43 Group Business & RRBs 8 ESG, Awards & Guidance 44-46 Page I 2
Slide 4: Performance Highlights: Q2 FY'26
Performance Highlights : Q2 FY’26 Book Value Per Operating Profit Net Profit ROA% Share (Tangible) Profitability ₹ 4,904 Cr 1.05% ₹ 7,227 Cr 03 bps YoY ₹ 95.92 5.5% YoY 14.0% YoY 21.1% YoY GNPA % NNPA % PCR (Inc. TWO) % Slippage Ratio Asset Quality 3.45% 0.36% 96.91% 0.71% 103 bps YoY 10 bps YoY 24
Slide 5: Profitability
Profitability Amt ₹ in Crore Net Profit Return on Assets (%) (Annualized) 4904 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% 0.12% 0.17% 0.37% 411 0.05% Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q2 Q3 Q4 Q
Slide 6: Profitability
Profitability Return on Equity (%) (Annualized) Earning Per Share (Not Annualized) (₹) 19.91% 19.22%19.23% 4.27 16.82% 17.95% 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 2.56% 6.59% 0.37 0.57 1.46 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1
Slide 7: Improving Asset Quality
Improving Asset Quality Gross NPA% Net NPA% 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% 3.45% 0.46% 0.41% 0.40% 0.38% 0.36% Amt ₹ in Crore Amt ₹ in Crore Gross NPA Amount Net NPA Amount 87,035 83,584 29,348 77,328 26,363 70
Slide 8: Improving Asset Quality
Improving Asset Quality PCR%- (Incl. TWO) PCR%- (excl TWO) Credit Cost % 95.90% 96.67% 96.77% 96.82% 96.88% 96.91% 1.99% 94.28% 95.39% 1.87% 91.91% 1.76% 1.72% 89.83% 90.18% 90.23% 90.27% 90.32% 90.02% 86.90% 87.93% 88.43% 85.40% 83.96% 85.17% 1.31% 1.26% 80.00% 75.84% 0.81% 70.79% 68.46% 0.32% 66.2
Slide 9: Business Mix
Business Mix Amt ₹ in Crore Global Gross Business 10.6% YoY Gr Growth % S.N. Parameters Sept’24 June’25 Sept’25 2786673 2719276 QoQ YoY 2683260 2639991 2520246 1 Global Business 2520246 2719276 2786673 2.5% 10.6% Global Deposits 1a Overseas Business 92492 102742 104805 2.0% 13.3% 10.9% YoY Gr 1b Dom
Slide 10: Deposits
Deposits Amt ₹ in Crore Growth % Sl. Parameters Sept’24 June’25 Sept’25 Deposit Mix – Sept’25 QoQ YoY 74215, 4.6% 1 Global Deposits (2+3) 1458342 1589379 1617080 1.7% 10.9% 2 Overseas Deposits 41953 51924 53098 2.3% 26.6% 3 Domestic Deposits 1416389 1537455 1563982 1.7% 10.4% 508964, 31.5% 4 Current
Slide 11: Advances
Advances Amt ₹ in Crore Growth % Sl. Parameters Sept’24 June’25 Sept’25 Credit Mix – Sept’25 QoQ YoY 1 Global Advances (2+3) 1061904 1129898 1169592 3.5% 10.1% 2 Overseas Advances 50539 50818 51707 1.8% 2.3% 3 Domestic Advances 1011365 1079080 1117885 3.6% 10.5% 272210, 24.4% Out of which 482468, 4
Slide 12: Retail Advances
Retail Advances Amt ₹ in Crore Retail* Home Loan* YoY Gr.: 18.1% YoY Gr.: 12.9% 218842 233532 197775 204919 213037 124099 118708 116312 109948 111230 Sept'24 Dec'24 Mar'25 June'25 Sept'25 Sept'24 Dec'24 Mar'25 June'25 Sept'25 Vehicle Loan* Education Loan > 7.5 lacs YoY Gr.: 30.9% YoY Gr.: 8.8% 29512
Slide 13: Priority Sector Achievement & Flagship Govt. Schemes
Priority Sector Achievement & Flagship Govt. Schemes Amt ₹ in Crore TOTAL PRIORITY SECTOR ADVANCES As on Sept’25 @42.29% of ANBC against norm of 40% PM-VIDYALAXMI Amt in Rs. No. of SCHEME Crore Amount A/c AGRICULTURE (PS) ADVANCES @18.04% of ANBC against norm of 18% Sanctioned 2934 359 ACHIEVED ALL
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 81.18 320.97 46.81 48.11 50.96 ➢ LDMO- 113 73.08 75.54 41.86 43.79 67.26 69.32 300.15 ➢ Ru
Slide 15: External Rating (Std FB) Portfolio & Advances on Benchmark Rates
External Rating (Std FB) Portfolio & Adv. on Benchmark Rates Amt ₹ in Crore Portfolio > Rs.25 Crore Advances Mix of Benchmark rate Sept’24 June’25 Sept’25 Sl Rating Grade 1.95% 1.59% 1.50% Amt. % Share Amt. % Share Amt. % Share 4.93% 4.63% 5.16% 1 AAA 188920 46.24% 225231 49.99% 244978 51.67% 10.04%
Slide 16: Diversified Industry Portfolio & Energy Sector
Diversified Industry Portfolio & Energy Sector Amt ₹ in Crore Sept’24 June’25 Sept’25 Energy Sector Sl. Industry % to % to % to O/s Domestic O/s Domestic O/s Domestic External Rating Standard Portfolio Advances Advances Advances 30.09.2025 : ₹ 45414 Cr 1 Infrastructure 99547 9.8% 102131 9.5% 107598
Slide 17: NBFC Sector
NBFC Sector Amt ₹ in Crore Key Sectors As on External Rating Wise Portfolio – As on 30.09.2025 Sept’24 June’25 Sept’25 Housing Finance Companies PSUs & PSU backed NBFC 153069 167751 183006 Out of which, A BBB& Below BBB & 335 6 Below NBFC- HFC 49818 55663 60990 0.55% 1,500 0.01% NBFC- PSUs and PSU b
Slide 18: Investment Portfolio
Investment Portfolio Amt ₹ in Crore Sl. Parameters Sept’24 June’25 Sept’25 1 Gross Domestic Investment 470391 505731 496450 2 SLR 348490 372728 367617 2a SLR as % to Dom. Investment (2/1) 74.09% 73.70% 74.05% 3 Non SLR 121901 133003 128833 4 Held To Maturity (HTM) 334900 359125 360125 4a HTM To Gros
Slide 19: Non SLR Investment
Non SLR Investment Amt ₹ in Crore Sept’24 June’25 Sept’25 Sl. Parameters O/S % Share O/S % Share O/S % Share 1 PSU Bonds 20747 17.02% 34198 25.71% 30820 23.92% 2 Corporate and Other Bonds & Debentures 16194 13.28% 18392 13.83% 17429 13.53% 3 Special Govt. Sec excl. Recap Bonds 697 0.57% 490 0.37% 48
Slide 20: Balance Sheet-Liabilities & Assets
Balance Sheet-Liabilities & Assets Amt ₹ in Crore Sl. Parameters 30th Sept’24 30th June’25 30th Sept’25 CAPITAL & LIABILITIES 1 Capital 2299 2299 2299 2 Reserves and Surplus 119335 129668 133503 3 Deposits 1458342 1589379 1617080 4 Borrowings 73794 71261 84687 5 Other Liabilities and Provisions 3202
Slide 21: Income
Income Amt ₹ in Crore Q2 Q1 Q2 YoY Variation H1 H1 YoY Variation Sl. Parameters FY25 FY26 FY26 Amt. % FY25 FY26 Amt. % 1 Interest Income (2+3+4) 29875 31964 31872 1997 6.7% 58431 63835 5404 9.2% 2 Interest on Advances 21184 21664 21914 730 3.4% 41636 43579 1943 4.7% 3 Interest on Investments 7716 84
Slide 22: Expenses
Expenses Amt ₹ in Crore Q2 Q1 Q2 YoY Variation H1 H1 YoY Variation Sl. Parameters FY25 FY26 FY26 Amt. % FY25 FY26 Amt. % 1 Total Interest Paid (2+3+4) 19358 21386 21403 2045 10.6% 37439 42789 5350 14.3% 2 Interest Paid on Deposits 18240 20412 20425 2185 12.0% 35137 40837 5700 16.2% 3 Interest Paid o
Slide 23: Profit & Provisions
Profit & Provisions Amt ₹ in Crore Q2 Q1 Q2 YoY Variation H1 H1 YoY Variation Sl. Parameters FY25 FY26 FY26 Amt. % FY25 FY26 Amt. % 1 Net Interest Income 10517 10578 10469 -48 -0.5% 20993 21047 54 0.26% 2 Other Income 4572 5268 4342 -230 -5.0% 8182 9610 1428 17.5% 3 Operating Income (1+2) 15089 1584
Slide 24: Efficiency Ratios (Quarter)
Efficiency Ratios (Quarter) Cost of Deposits [%] (Annualized) Cost of Funds [%] NIM [%] 5.18% 5.16% 5.33% 5.35% 5.18% 5.18% 4.57%4.53% 4.70%4.70% 4.58%4.57% 2.92%3.06% 2.70%2.84% 2.60%2.72% Sept'24 Jun'25 Sept'25 Sept'24 Jun'25 Sept'25 Sept'24 Jun'25 Sept'25 (Q2) (Q1) (Q2) (Q2) (Q1) (Q2) (Q2) (Q1) (
Slide 25: Efficiency Ratios (HY1 FY26)
Efficiency Ratios (HY1 FY26) (Annualized) Cost of Deposits [%] Cost of Funds [%] NIM [%] 5.14% 5.12% 5.23% 5.21% 5.25% 5.26% 4.56% 4.51% 4.63% 4.59% 4.64% 4.63% 2.99% 3.14% 2.93% 3.08% 2.65% 2.78% Sep'24 Mar'25 Sep'25 Sep'24 Mar'25 Sep'25 Sep'24 Mar'25 Sep'25 (HY) (FY) (HY) (HY) (FY) (HY) (HY) (FY)
Slide 26: Profitability/Productivity Ratios
Profitability/Productivity Ratios (Annualized) Q2 Q1 Q2 H1 H1 Sl. Key Ratios FY25 FY26 FY26 FY25 FY26 1 Return on Assets [%] 1.02% 0.37%* 1.05% 0.92% 0.71% 2 Return on Equity [%] 19.91% 6.59%* 17.95% 18.20% 12.63% 3 Book Value per Share [₹] 98.47 105.23 108.57 98.47 108.57 4 Book Value per Share-Tan
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 30.09.25 Provisions Position as on 30.09.25 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
Asset Quality –SMA 2 Accounts ( > Rs 5.00 Crore) Amt ₹ in Crore Sept’24 June’25 Sept’25 CATEGORY S. N. % of Domestic % of Domestic % of Domestic SMA2 SMA2 SMA2 Advances Advances Advances 1 RETAIL 90 0.01% 43 0.004% 102 0.01% 2 AGRICULTURE 405 0.04% 372 0.03% 314 0.03% 3 MSME 1127 0.11% 755 0.07% 104
Slide 29: Movement of NPA
Movement of NPA Amt ₹ in Crore Sl. Parameters Q2 FY’25 Q1 FY’26 Q2 FY’26 HY1 FY’25 HY1 FY’26 1 NPA at the beginning of Year/Quarter 51263 44082 42673 56343 44082 2 Cash Recovery & Up-gradation (2a+2b) 2915 1662 2716 4021 3909 2a -Cash Recovery 1508 1068 1125 2580 2105 2b -Up-gradation 1407 594 1591
Slide 30: Asset Classification
Asset Classification Amt ₹ in Crore Sept’24 June’25 Sept’25 YoY Variation Sl. Parameters O/S Share% O/S Share% O/S Share% Amt. Var. % 1 Standard 1014322 95.52% 1087225 96.22% 1129249 96.55% 114927 11.33% 2 Gross NPA 47582 4.48% 42673 3.78% 40343 3.45% -7239 -15.21% 2a Sub-Standard 5230 0.49% 5834 0.
Slide 31: Slippages & Recoveries
Slippages & Recoveries Amt ₹ in Crore Sector wise Fresh Slippage 13.4% Recovery v/s Slippages YoY 2070 Q2 Q1 Q2 HY1 HY1 Period FY 24-25 FY 25-26 FY 25-26 FY24-25 FY25-26 3.4% 22.5% 39.1% 82.8% 1792 1812 YoY YoY YoY YoY Net Recovery 4891 3356 3920 7525 6806 966 NPA Addition 864 2181 1886 1955 3321 33
Slide 32: NPA Classification - Sector Wise
NPA Classification - Sector Wise Amt ₹ in Crore Sept’24 June’25 Sept’25 Sl. Parameters Advances GNPA GNPA% Advances GNPA GNPA% Advances GNPA GNPA% 1 Retail Loans 250149 3290 1.32% 262219 2692 1.03% 272210 2730 1.00% 2 Agriculture 162829 20700 12.71% 178885 19261 10.77% 183987 18946 10.30% 3 MSME 151
Slide 33: NPA Classification - Industry Wise
NPA Classification- Industry Wise Amt ₹ in Crore Sept’24 June’25 Sept’25 Sl. Diversified Industry Portfolio O/s GNPA GNPA % O/s GNPA GNPA % O/s GNPA GNPA % 1 Infrastructure 99547 2264 2.27% 102131 1075 1.05% 107598 123 0.11% -Energy 44097 1018 2.31% 43849 1000 2.28% 45479 65 0.14% -Tele-Communicatio
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 2 100.00% NARCL 2763 2763 2 RBI list 2 9 100.00% 4016 4016 No of Balance 3 Filed by PNB 106 6713 6693 99.71% S.No Position of accounts with PNB Accounts Outstanding 4 Filed by
Slide 35: Share Holding and Ratings
Share Holding and Ratings Shareholding as on 30.09.2025 PNB’s Rating Total No. of Shares: 1149.29 Crores 1.25% 1.01% 1.08% Moody’s Fitch 8.41% 5.52% 5.67% PNB’s Rating- PNB’s Rating- 8.33% 7.71% Baa3/P-3/ Stable BBB-/F3/Stable 8.65% 5.12% 5.52% 2.87% 8.74% 9.94% 9.94% PNB’s BOND RATING Basel III S.N
Slide 36: Capital Adequacy
Capital Adequacy Amt ₹ in Crore Capital & CRAR Sl. Parameters Sept’24 June’25 Sept’25 Risk Weighted Assets 1 Total Capital (Tier 1+2) 125633 149051 147269 Sl. Parameters Sept’24 June’25 Sept’25 CRAR % 16.36% 17.50% 17.19% Out of Which, 1 Total RWA 767902 851723 856879 2 Tier 1 104666 124510 123482 O
Slide 37: Augmenting Digital Base
Augmenting Digital Base Corporate M - Banking App Number of Digital Transactions UPI Transactions through PNB PNB One BIZ (Launched on 18.09.2024) (in Crores) One (in Lakhs) No.of Users 1.94 Lakh 313 110 Financial Txn 1352K 239 72 App Rating 4.0/4.1 (Play Store/iOS) ❖ 200+ features with Industry fir
Slide 38: Progress Under Major Digital Offerings
Progress Under Major Digital Offerings Central Bank Digital Currency (CBDC) New Initiatives Undertaken Newly Launched Digital Journeys No.of Users No.of Txn • UIDAI face authentication for UPI PIN setup • Digi Dairy Kisan Credit Card, or reset • Tractor Express, • Five non-financial services now on
Slide 39: Analytics Driven Decision Making
Analytics Driven Decision Making Business Augmentation ACoE – FinTouch360+ : (Amt ₹ in Crore) Unlocking Credit+ PNB Opportunity Radar: opportunities across bank Identifying Emerging Markets 14% 33749 29529 Sandbox setup of open Complaint Analytics – Identifying weight Language Model key grievance dr
Slide 40: HR Transformation Project UDAAN
HR Transformation Project “UDAAN” Empowering Excellence: Revamped Digital PMS under UDAAN Performance Next-Generation Strategic Business-Aligned Scientific Target Udaan Mobile Management Appraisal Workforce KRA Setting App System (PMS) Framework Planning Integration with Digitally enabled Cohort-bas
Slide 41: HR Transformation Project UDAAN
HR Transformation Project “UDAAN” Capability Building Leadership Development Program Women Conclave “PNB Unnati Path” Divyangjan Training Program Under Project UDAAN, over 1,225 Scale V & above Well-curated training program, “PNB Unnati Path”, Specialized capability-building sessions co-curated offi
Slide 42: Distribution Network
As on 30.09.2025 Distribution Network Total Touch Points :- 53,693 International Presence Branches at:- Dubai and Gift City, Gandhinagar Branches Subsidiaries:-London(UK) and Bhutan 118 (Domestic) ATM BCs Joint Venture:- Nepal 8 11187 32278 Representative Offices:- Myanmar and Bangladesh 10228 355 D
Slide 43: 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 – 28.04% 1. PNB Cards & Services 100% 1. Bihar Gramin Bank Ltd. – 100% 2. PNB MetLife India Insurance Co. Ltd - Everest
Slide 44: Performance of Subsidiaries, Associates, Joint Venture & RRBs
Performance of Subsidiaries, Associates, Joint Venture & RRB’s Amt ₹ in Crore Performance of RRBs Results Total Total Gross Net (Unaudited) Name of the entity (3/6/9/12 M) Income Expenses Profit Profit Q2 FY’25 Consolidated Q2 FY’26 Sept’24 * Sept’25 YOY% Position PNB Housing Finance Ltd June’25 (3M
Slide 45: ESG Highlights
ESG Highlights Environmental Social Governance • Environmental Initiatives for FY 2025-26 “PNB PALAASH • Climate-related capacity building initiatives • Digital survey platform to gather employee feedback, 3.0” undertaken for credit verticals and the bank’s aimed at enhancing internal policies, trai
Slide 46: Rewards & Accolades
Rewards & Accolades At the 103rd SKOCH awards 2025, PNB was honoured with the PNB wins 2 awards at 3rd ICC Emerging Asia Banking Awards silver award at BFSI category for our innovative PNB ONE Biz 2025 for: Corporate Banking App. 1. Best Bank for AI/ML Implementation- Winner 2. Best Bank- Runner-Up
Slide 47: Guidance for FY'26 vs Actuals for September'25
Guidance for FY’26 vs Actuals for September’25 Parameters Guidance for FY’26 Sept’25 (Q2) HY1 FY’26 Credit Growth % (YoY) 11% - 12% 10.1% 10.1% Deposit Growth % (YoY) 9% - 10% 10.9% 10.9% CASA Share % > 38% 37.29% 37.29% Operating Profit Gr % (YOY) 8%-9% 5.5% 6.5% Net Interest Income Gr % (YOY) 7% -
Slide 48: 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 49: Thank you
2,78,458 30,60,733 1,98,418 42,851 Thank you 4,68,119 8,47,392 Pihu- AI Chatbot
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