Punjab National Bank Sees Profit Surge with Strategic Recovery Moves

Punjab National Bank reported a 12.54% increase in its consolidated net profit for the fourth quarter of FY2025-26, with profits reaching Rs 5,225.12 crore. Managing Director Ashok Chandra attributed the growth to recoveries in written-off accounts and robust fee-based income.

Despite a dip in core net interest income by 3.5% to Rs 10,380 crore, the bank remains optimistic about future growth, expecting a 7% increase in net interest income for FY2027. The bank saw significant growth in its global advances, which rose by 12.7% to Rs 12.59 lakh crore.

Punjab National Bank's efforts to improve asset quality reduced gross NPAs to 2.95% from 3.95% previously. With positive projections for the RAM and corporate segments, the bank continues to build a strong pipeline for future profits.

(With inputs from agencies.)