Summary:
Punjab National Bank shares jumped 8% on October 19, 2026, following Q2FY27 results. Net profit rose 12.8% to ₹5,532 crore, net interest margin improved to 2.58%, and gross and net NPA ratios declined year-on-year, supporting the earnings performance.
Why did PNB’s share price jump 8%?
Punjab National Bank surged as much as 8% in intraday trading on October 19, 2026, after releasing its Q2FY27 results. The public-sector lender reported higher profit, better net interest margins and a further decline in bad-loan ratios.
The stock reached around ₹125.22 during the session. Its rise stood out while several private-sector banking stocks were trading lower, indicating a different response to their September-quarter earnings.
Punjab National Bank Share Price
PNB Q2FY27 Profit and Interest Income
PNB reported net profit of ₹5,532 crore for the quarter ended September 30, 2026, up 12.8% YoY from ₹4,904 crore. Net interest income (NII) rose 10.8% YoY to ₹11,601 crore, while operating profit increased 4.2% to ₹7,532 crore.
PNB’s NIM Improves to 2.58%
The bank’s global net interest margin (NIM) improved to 2.58% from 2.50% in Q1FY27. This sequential rise in lending spread was a key feature of the results as other lenders faced pressure from funding costs.
Total income was ₹38,185 crore, registering 5.4% YoY growth. Fee-based income rose 16.0% to ₹1,954 crore. Both figures were disclosed in the bank’s October 16 results release.
PNB Asset Quality: GNPA and NNPA Ratios Decline
Gross non-performing assets (GNPA) fell to 2.55% of advances in September 2026 from 3.45% a year earlier. The net NPA ratio improved to 0.25% from 0.36% over the same period. Lower stressed-loan balances provide context for the improvement in reported earnings.
The provision coverage ratio, including technical write-offs, stood at 97.32%, compared with 96.91% in September 2025. At the same time, the slippage ratio edged up to 0.77% in Q2FY27 from 0.71% in Q2FY26.
PNB Loan Growth and Deposit Trends
Global advances increased 14.7% YoY to ₹13,41,194 crore, while global deposits rose 9.9% to ₹17,77,240 crore. The bank reported global business of ₹31,18,434 crore, an increase of 11.9% YoY.
Within domestic lending, retail advances excluding interbank participation certificates grew 16.3% YoY. MSME advances rose 19.8%, and housing loans expanded 14.3%. These are reported growth rates from PNB’s results announcement.
Vehicle loans increased 29.6% YoY, while agriculture priority-sector advances grew 18.1%. The movement across these categories suggests credit expansion was spread across different borrowers. The cost of funding such growth will be an important part of future margin disclosures.
PNB Year-on-Year Performance
| Metric | Current quarter | Comparison | Change |
|---|---|---|---|
| Global NIM | 2.58% | 2.50% in Q1FY27 | +0.08 percentage points |
| GNPA ratio | 2.55% | 3.45% in September 2025 | -0.90 percentage points |
| NNPA ratio | 0.25% | 0.36% in September 2025 | -0.11 percentage points |
| Provision coverage ratio | 97.32% | 96.91% in September 2025 | +0.41 percentage points |
| Slippage ratio | 0.77% | 0.71% in Q2FY26 | +0.06 percentage points |
What to Watch in PNB Shares in H2FY27
The bank’s performance in H2FY27 will depend on loan repricing, deposit costs, and the flow of new stressed accounts. A higher NIM is useful only if credit quality and funding discipline are maintained. PNB’s Q2 numbers showed growth in core income and an improvement in outstanding NPAs. Continued progress will be measured through quarterly NII, the slippage ratio, capital adequacy, and the pace at which advances grow relative to deposits.
Frequently Asked Questions
PNB shares rose as much as 8% following the bank’s Q2FY27 results. Net profit increased 12.8% year-on-year to ₹5,532 crore, global NIM improved to 2.58%, and gross and net NPA ratios declined year-on-year.
Punjab National Bank reported a net profit of ₹5,532 crore for the quarter ended September 30, 2026, up 12.8% from ₹4,904 crore in the corresponding year-ago quarter.
PNB’s global net interest margin was 2.58% in Q2FY27, compared with 2.50% in Q1FY27, an improvement of 0.08 percentage points.
PNB reported a gross NPA ratio of 2.55% and a net NPA ratio of 0.25% in September 2026. The corresponding figures a year earlier were 3.45% and 0.36%, respectively.
Investors can monitor NIM, deposit costs, loan growth, slippages, asset quality and capital adequacy in subsequent quarters. The reported quarterly results alone do not establish how the stock will perform in the future.
