Punjab National Bank (NSE:PNB)

Q2 2026 Punjab National Bank Earnings Call Transcript

Oct 18, 2025 / 10:00 AM GMT

Transcript

Key Points

Positve

Punjab National Bank (BOM:532461) reported a year-on-year growth rate of 10.6% in global gross business, reaching 27.87 trillion as of September 2025.
The bank's CASA ratio improved to 37.29% from 36.99% in June 2025, indicating successful initiatives to garner low-cost deposits.
Net profit for Q2 2026 increased by 14% year-on-year, reaching 4,900 crore, showcasing healthy profitability.
Asset quality improved significantly with gross NPA reduced to 3.54% from 4.48% in September 2024, and net NPA improved to 0.36% from 0.46%.
The bank's digital transformation is progressing well, with a 53% increase in UPI transactions and a 92% growth in WhatsApp banking users.

Negative

The bank's credit growth target of 12% for FY26 may be challenging to achieve, requiring significant disbursements in the remaining months.
Other income declined due to lesser recovery from written-off accounts and a decrease in fee-based income.
Margins have been under pressure, with a global NIM of 2.60%, and challenges remain due to downward MCLR repricing.
The bank's gross NPA, although improved, remains relatively high at 3.54%, indicating ongoing asset quality challenges.
There is uncertainty regarding the impact of the ECL transition, with an estimated 75 to 80 basis points impact on CRAR.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

PNBK.NS - Punjab National Bank
Q2 2026 Punjab National Bank Earnings Call
Oct 18, 2025 / 10:00AM GMT

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Presentation
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Unidentified_1 [1]
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Ladies and gentlemen, good day and welcome to Punjab National Bank Q2F 526 earnings conference call hosted by Irara Capital. As a reminder, all participant lines will be in the listen-only mode, and there will be an opportunity for you to ask questions after the presentation and reports. Should you need assistance during the conference call, please signal an operator by pressing then 0 on your touch tone phone. Please note that this conference is being recorded. I now hand the conference over to Ms. Palaksha.

Thank you and over to Misha.

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Unidentified_2 [2]
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