Punjab National Bank Q1FY27 net profit up 213% to Rs 5253 crore
Punjab National Bank reported a substantial net profit increase for the quarter ending June 30, 2026. The bank's standalone net profit rose over 200 percent year-on-year. This growth was primarily driven by a sharp decline in tax outgo. Non-interest income saw a decrease, impacting overall operating income. Asset quality improved, with gross and net NPAs declining significantly.
Punjab National Bank reported a substantial net profit increase for the quarter ending June 30, 2026. The bank's standalone net profit rose over 200 percent year-on-year. This growth was primarily driven by a sharp decline in tax outgo. Non-interest income saw a decrease, impacting overall operating income. Asset quality improved, with gross and net NPAs declining significantly.
