Cost-to-Income Ratio Target: 47-48% by FY27
Improvement from current 50.31% driven by PSLC cost reduction (down from ₹893 crore to ₹360 crore YoY), operational efficiency gains, and gold loan portfolio expansion reducing need for PSL purchases.
PNB / guidance tracker
Keep management guidance in view.
Punjab National Bank · forward-looking guidance across the available source record.
Research layer active
Guidance tracker
What management said would happen.
margins
Gross NPA Guidance: Below 2.5% for FY27
Already at 2.78% in Q1 with 100bps improvement YoY. Net NPA guidance is 0.3% (already achieved at 0.28%). Slippages ratio maintained well within guidance at 0.68% vs 0.9% target.
NIM Improvement: QoQ Expansion Expected
Domestic NIM improved from 2.47% to 2.64% QoQ. Management confident of sustained quarterly improvement as low-yielding IBPC (₹22,411 crore reduced) and corporate advances (₹34,000-35,000 crore shed) are replaced with higher-yielding loans.
FCNR Deposit Mobilization: $2.5 Billion Target
Already mobilized $425 million (including $200 million via leverage). This will reduce cost of deposits as FCNR deposits are exempt from CRR/SLR requirements, supporting NIM expansion.