Punjab National Bank

Punjab National Bank delivered a strong Q4 FY26 with net profit of ₹5,225 croreCurrent reported value: ₹5,225 crore. No comparable prior figure is available in the source record. (+14.4Current reported value: 14.4. No comparable prior figure is available in the source record.% YoY) and operating profit of ₹7,500 croreCurrent reported value: ₹7,500 crore. No comparable prior figure is available in the source record. (+10.7% YoY). Credit growth was robust at 12.7% YoYCurrent reported value: 12.7% YoY. No comparable prior figure is available in the source record. (15% ex-IBPC), driven by RAM segments (retail +18.2%Current 18.2%. Reported change: +18.2% YoY., MSME +19.9%, agri +16.2%). Asset quality improved sharply with GNPA at 2.95%Current 2.95%. Reported change: -100bps YoY. (vs 3.95% a year ago) and PCR at 97.14%. NIM compressed to 2.47% due to sticky deposit costs and full-quarter impact of the December rate cut, but management guided NIM recovery to 2.6-2.7% for FY27, supported by repricing of high-cost deposits and a shift toward higher-yielding RAM loans. Key risks include elevated deposit rates persisting and potential stress from West Asia exposure, though management downplayed near-term impact.