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Punjab National Bank

PNBFinancial Services filings

We hold this company’s filings and have not read the financial statements out of them yet. Every filing on record is listed under filings, and each one opens.

Earnings calls

18 transcript(s)/analyst meet(s) served; 6 document(s) on file are not transcripts (cover letters, duplicates, unresolved) and are excluded. Speaker attribution is shown only where the segmenter attributes ≥ 95% of sentences to management or analysts (1 of 18 documents here); elsewhere sentences render unattributed.

KindDatePeriodServedAttribution rate
COVER_LETTER202205192022-03-31no
COVER_LETTER202208042022-06-30no
COVER_LETTER202211102022-09-30no
COVER_LETTER202302032022-12-31no
COVER_LETTER202305262023-03-31no
COVER_LETTER202307312023-06-30no
TRANSCRIPT202311022023-09-30yes
TRANSCRIPT202402022023-12-31yes
TRANSCRIPT202405162024-03-31yes
TRANSCRIPT202408022024-06-30yes
TRANSCRIPT202411022024-09-30yes
TRANSCRIPT202502042024-12-31yes
TRANSCRIPT202505132025-03-31yes
TRANSCRIPT202508052025-06-30yes
TRANSCRIPT202510272025-09-30yes
TRANSCRIPT202601272025-12-31yes
TRANSCRIPT202605122026-03-31yes
TRANSCRIPT202607242026-06-30yes

PNB

files the banking form. Every figure below opens to the filing it was read from; where a figure is not shown, the reason is printed in its place.

Identity

Statement divisionbanking
Scope servedconsolidated
Panels on this page5

Market

No split, bonus or consolidation is on record for this company inside the period this price series covers, so the closes need no adjustment.

Last close117.12
52-week range99.49 – 132.36
Return 1M1.03%
Return 3M8.58%
Return 1Y5.5%
Return 3Y46.03%
Return 5Y209.02%
Market capitalisationnot shown — we could not confirm it
Shares outstandingnot shown — we could not confirm it
P/Enot shown — we could not confirm it
P/Bnot shown — we could not confirm it
EV/EBITDAnot shown — we could not confirm it

Latest quarter filed — period ending 2026-06-30

In INR crore except per-share figures. `period_id` is the period the filing names for the number; the date beside each cell is when it was filed.

Interest earned33,589.00
Interest on advances and bills23,288.00
Income on investments8,527.00
Interest on balances with the RBI and interbank funds1,350.00
Other interest424.00
Interest expended22,583.00
Other income4,365.00
Total income37,954.00

Ownership — 2026-06-30, and the change from 2026-03-31

HolderPer centChange
promoter and promoter group0.700.00
institutions foreign0.06-0.00
institutions domestic0.160.00
mutual funds0.070.00
public0.300.00

Documents on file

ClassMost recentOn file
COVER_LETTER2023-06-306
TRANSCRIPT2026-06-3012

Financial statements

Filed results, consolidated, in INR crore except per-share figures. Every figure opens to the filing it was read from. Quarterly and annual columns are the periods the filing itself names, never a document date.

Cash flow, as filed

Line2022-09-302023-09-302024-03-312024-09-302025-09-302026-03-31
Net cash from operating activities-8,363.00-55,243.00-27,939.00-12,012.004,923.0025,635.00
Net cash from investing activities-268.00-862.00-1,506.00-486.00-1,632.00-609.00
Net cash from financing activities-1,388.003,570.003,518.00-288.00-5,786.00-11,664.00
Purchase of property, plant and equipment268.00500.001,144.00500.00666.001,625.00
Net increase in cash-10,019.00-52,535.00-25,928.00-12,786.00-2,495.0013,362.00
con:CFO.BEFORE_TAX-7,975.00-54,293.00-26,843.00-10,041.001,639.0025,667.00
con:INTEREST_RECEIVED.OPERATING0.000.000.000.000.000.00
con:INTEREST_PAID.OPERATING0.000.000.000.000.000.00
con:DIVIDENDS_RECEIVED.OPERATING0.000.000.000.000.000.00
con:TAX_PAID.OPERATING396.00950.001,875.001,971.00-3,284.0031.00
con:CF_OTHER.OPERATING9.000.00778.000.000.000.00
con:INVESTMENTS_PURCHASED0.000.000.000.000.000.00
con:INVESTMENTS_SOLD0.000.000.000.000.000.00
con:PPE_DISPOSALS0.000.000.0013.0048.0042.00
con:CF_INVESTING.SUBSIDIARIES_SOLD0.000.000.000.000.00974.00
con:CF_INVESTING.SUBSIDIARIES_ACQUIRED0.00361.00363.000.001,014.000.00
con:CF_INVESTING.JV_SOLD0.000.000.000.000.000.00
con:CF_INVESTING.JV_ACQUIRED0.000.000.000.000.000.00

Quarterly results, as filed

Line2022-09-302023-09-302023-12-312024-03-312024-06-302024-09-302024-12-312025-06-302025-09-302025-12-312026-03-312026-06-30
Interest earned20,588.0026,858.0027,852.0028,682.0029,145.0030,447.0031,895.0032,572.0032,513.0032,889.0032,798.0033,589.00
Interest on advances and bills13,643.0018,622.0019,749.0020,257.0020,605.0021,357.0022,403.0021,843.0022,104.0022,903.0022,696.0023,288.00
Income on investments6,448.007,431.007,414.007,378.007,654.008,105.008,116.008,852.008,981.008,538.008,465.008,527.00
Interest on balances with the RBI and interbank funds392.00712.00596.00789.00705.00817.00853.001,040.001,008.001,022.001,241.001,350.00
Other interest104.0093.0093.00259.00180.00168.00522.00837.00419.00426.00396.00424.00
Interest expended12,172.0016,820.0017,444.0018,206.0018,536.0019,790.0020,738.0021,828.0021,858.0022,164.0022,219.0022,583.00
Other income2,704.002,999.002,676.004,294.003,615.004,664.003,392.005,427.004,171.005,013.004,080.004,365.00
Total income23,292.0029,857.0030,527.0032,976.0032,760.0035,111.0035,286.0037,999.0036,684.0037,903.0036,878.0037,954.00
Employee benefit expense3,263.004,241.004,206.005,672.004,593.005,798.005,312.005,227.004,808.005,147.003,811.004,598.00
Operating expenses5,610.006,798.006,705.008,271.007,570.008,312.007,897.008,852.007,671.008,168.007,138.007,708.00
Expenditure excluding provisions and contingencies17,782.0023,618.0024,149.0026,477.0026,106.0028,103.0028,635.0030,680.0029,529.0030,332.0029,357.0030,291.00
Operating profit before provisions5,510.006,239.006,378.006,500.006,654.007,009.006,652.007,319.007,155.007,570.007,521.007,663.00
Provisions and contingencies4,883.003,461.002,744.001,560.00903.00280.00-403.00345.00628.001,130.00380.00555.00
Exceptional items0.000.000.000.000.000.000.000.000.000.000.000.00
Profit before tax626.002,778.003,634.004,940.005,751.006,729.007,055.006,973.006,527.006,440.007,141.007,108.00
Tax expense263.001,014.001,382.001,839.002,035.002,297.002,406.005,141.001,678.001,250.001,916.001,769.00
Profit for the period364.001,765.002,253.003,101.003,716.004,432.004,649.001,832.004,849.005,190.005,225.005,339.00
Profit attributable to owners494.001,990.002,433.003,342.003,976.004,714.004,801.002,120.005,125.005,556.005,592.005,815.00
Profit attributable to non-controlling interests2.00-0.008.0021.0016.0025.0010.0047.00-5.0021.0011.0020.00
con:SHARE_OF_ASSOCIATES132.00225.00189.00262.00275.00307.00162.00335.00272.00387.00377.00496.00
Earnings per share, basic0.441.812.213.043.614.274.181.844.464.834.835.06
Earnings per share, diluted0.441.812.213.043.614.274.181.844.464.834.835.06

Annual results, as filed

Line2024-03-312026-03-31
Interest earned109,065.00130,772.00
Interest on advances and bills76,516.0089,547.00
Income on investments29,187.0034,836.00
Interest on balances with the RBI and interbank funds2,823.004,311.00
Other interest539.002,078.00
Interest expended68,534.0088,069.00
Other income13,329.0018,691.00
Total income122,394.00149,463.00
Employee benefit expense18,643.0018,992.00
Operating expenses28,809.0031,829.00
Expenditure excluding provisions and contingencies97,343.00119,898.00
Operating profit before provisions25,051.0029,565.00
Provisions and contingencies11,719.002,483.00
Profit before exceptional items and tax—27,082.00
Exceptional items0.000.00
Profit before tax13,332.0027,082.00
Tax expense5,003.009,986.00
Profit for the period8,329.0017,096.00
Profit attributable to owners9,107.0018,393.00
Profit attributable to non-controlling interests50.0074.00
con:SHARE_OF_ASSOCIATES828.001,371.00
Earnings per share, basic8.2716.00
Earnings per share, diluted8.2716.00

Balance sheet, as filed

Line2022-09-302023-09-302024-03-312024-09-302025-09-302026-03-31
Capital2,202.002,202.002,202.002,299.002,299.002,299.00
Reserves and surplus98,783.00104,033.00108,185.00124,363.00139,948.00147,674.00
Deposits1,201,445.001,318,264.001,379,225.001,468,416.001,629,131.001,724,795.00
Borrowings73,573.0074,666.0072,586.0094,496.00109,162.00107,558.00
Other liabilities and provisions26,031.0032,508.0036,438.0033,079.0040,395.0051,005.00
Total equity and liabilities1,402,035.001,531,673.001,598,636.001,722,652.001,920,935.002,033,331.00
Cash and balances with the RBI74,069.0063,056.0065,325.0067,824.0065,250.0060,882.00
Balances with banks and money at call50,105.0041,737.0066,075.0050,790.0083,015.00103,240.00
Investments411,113.00444,274.00446,421.00495,604.00531,967.00523,515.00
Advances779,107.00896,496.00941,762.001,027,870.001,144,448.001,237,980.00
Property, plant and equipment12,234.0012,140.0012,348.0012,369.0015,624.0015,625.00
Other assets75,407.0073,969.0066,704.0068,195.0080,631.0092,089.00
Total assets1,402,035.001,531,673.001,598,636.001,722,652.001,920,935.002,033,331.00

Asset quality and capital, as filed

Line2023-06-302023-09-302023-12-312024-03-312024-06-302024-09-302024-12-312025-06-302025-09-302025-12-312026-03-312026-06-30
Gross non-performing assets0.000.000.000.000.000.000.000.000.000.000.000.00
Net non-performing assets0.000.000.000.000.000.000.000.000.000.000.000.00
Gross NPA, per cent0.000.000.000.000.000.000.000.000.000.000.000.00
Net NPA, per cent0.000.000.000.000.000.000.000.000.000.000.000.00
Return on assets0.000.000.000.000.000.000.000.000.000.000.000.00
CET-1 ratio0.000.000.000.000.000.000.000.000.000.000.000.00
Additional Tier-1 ratio0.000.000.000.000.000.000.000.000.000.000.000.00

Who owns it

The shareholding pattern filed with the exchange every quarter, as a series. Percentages are of total shares. Each figure names the filing it was read from and the date it was filed.

Holder2023-06-302023-09-302023-12-312024-03-312024-06-302024-09-272024-09-302024-12-312025-03-312025-06-302025-09-302025-12-312026-03-312026-06-30
Promoter and promoter group73.1573.1573.1573.1573.1570.0870.0870.0870.0870.080.700.700.700.70
Domestic institutions13.4513.8013.7412.3610.7711.9511.6614.3114.6715.070.160.160.160.16
Mutual funds—————————5.120.060.060.060.07
Insurance companies8.728.918.888.898.728.548.548.899.919.830.100.100.090.09
Foreign institutions1.822.653.104.825.518.328.415.705.705.520.060.060.060.06
Government—————————0.000.000.000.000.00
Public26.8526.8526.8526.8526.8529.9229.9229.9229.9229.920.300.300.300.30
Non-institutional11.5810.4010.009.6710.579.659.849.919.549.330.090.080.070.08
Shares outstanding1101101555811011015558110110155581101101555811011015558114929432681149294326811492943268114929432681149294326811492943268114929432681149294326811492943268

Related parties

Transactions with related parties as disclosed to the exchange for the period ending 2024-09-30, by counterparty, largest first. Amounts are as filed. Each row names the filing and the date it was filed.

CounterpartyRelationshipTypeAmount in the periodTransactions
Bangiya Gramin Vikash BankAssociateAny other transaction, Interest paid36,307,274,000.008
Dakshin Bihar Gramin BankAssociateAny other transaction, Interest paid, Interest recei28,870,921,000.008
Sarva Haryana Gramin BankAssociateAny other transaction, Interest paid, Interest recei17,895,512,000.008
PNB Gilts Ltd.SubsidiaryAny other transaction, Interest received14,259,810,000.008
Prathama UP Gramin BankAssociateAny other transaction, Interest received11,923,059,000.006
Punjab Gramin BankAssociateAny other transaction, Interest received10,293,480,000.006
PNB Housing Finance LtdAssociateAny other transaction, Interest received6,154,200,000.008
Punjab National Bank (International) Ltd.SubsidiaryAny other transaction, Interest received4,565,900,000.005
PNB Metlife India Insurance Co. Ltd.AssociateAny other transaction, Interest paid, Interest recei3,373,512,000.0011
Manipur Rural BankAssociateAny other transaction, Interest received2,628,156,000.003
Himachal Pradesh Gramin BankAssociateAny other transaction, Interest paid, Interest recei2,013,224,000.005
Assam Gramin Vikash BankAssociateAny other transaction, Interest paid, Interest recei1,225,099,000.005
PNB Housing Finance LimitedAssociate of PNBAny other transaction998,223,000.002
PNB Centenary Rural Development TrustAssociateAny other transaction170,000,000.001
Canara HSBC Life Insurance Co. Ltd.AssociateAny other transaction, Dividend received136,710,000.004

What management said

Every earnings call we hold for this company, read in full. Prepared remarks are separated from the question-and-answer session and every paragraph names who said it and on which page. These are management’s own words, not filed figures.

DateQuarterWho spoke
2026-07-24Q1FY27Read the call
2026-05-12Q4FY26LIMITEDRead the call
2026-01-27Q3FY26LIMITEDRead the call
2025-10-27Q2FY26Read the call
2025-08-05Q1FY26DIRECTOR, PUNJAB NATIONAL BANK, NATIONAL BANKRead the call
2025-05-13Q4FY25DIRECTOR, PUNJAB NATIONAL BANK, NATIONAL BANK, PUNJAB NATIONAL BANKRead the call
2025-02-04Q3FY25NATIONAL BANK, PUNJAB NATIONAL BANKRead the call
2024-11-02Q2FY25MANAGEMENTRead the call
2024-08-02Q1FY25NATIONAL BANKRead the call
2024-05-16Q4FY24CHIEF EXECUTIVE OFFICERRead the call
2024-02-02Q3FY24Read the call
2023-11-02Q2FY24Read the call

Some earlier announcements under this heading are covering letters only — no transcript was attached.

What they said about it, quarter by quarter

TopicQ2FY24Q2FY25Q2FY26Q3FY24Q3FY25Q3FY26Q4FY25Q4FY26
Capex——Is it more of private sector capex or public sector?So, what initiatives have you taken and what kind of CapEx are you going to incur on that?————
Capital allocationNew acquisition of the last 3 years; that will give you the color that slippages will not happen.—And I had just done one calculation that last year, in the '24 -- '23, '24 financial Punjab National Bank October 18, 2025 year total INR10 lakh crore…——So there was another one dividend income there to an extent of INR130 crores, which was booked in the Q2, which has not...And we are going to get good dividend out of this investment which we have made in the treasury now.We have also announced the tentative dividend.
Costs———————But we have not seen much the traction happening or the reduction happening in the cost of deposit has happened, we were expecting that the February a…
Debt and cash—That is in the SMA with the other Bank, but as on date, because that is a working capital with me, so my account is okay, but we have to see in totall…—Atul Kumar Goel, Managing Director & Chief Executive Officer Corporate, I think -- we may think a little bit increase also, because some of the corpor…So, this is about the liability side and if I talk about the lending side, asset side, a Bank has already created the lot of journeys up to 25 lakh. W…———
Demand—Definitely, because as on date, there is no different treatment given by the regulator for the sale to the NARCL or DRC, although there is a demand.And secondly, what is our sanction book pipeline and the proposals in pipeline through your NBG clearances and other things and how confident you are …There is some demand in the CapEx also, but not too much -- but not too much, but there is a too much of demand in the infra as well as the road, et c…I think with the growth in the credit pipeline, which we are holding it, I think that should offset the effect of the rate cut, which is going to happ…—On the tax rate change, when do you anticipate that, anything in the pipeline?Future credit growth remains well supported by a strong pipeline.
GuidanceThe NIM is even we have got 3.11% for the current quarter as against our guidance for 2.9% to 3%, but still we are maintaining our guidance of 2.9% to…As far as this guidance for the gross NPA net NPA is concerned, at the beginning of the year, we have given the guidance that our gross NPA will be ar…CD ratio of the bank is comfortably placed at 72.33% Bank has started to witness the impact of various initiatives taken to garner low-cost deposits a…As far as NIM is concerned, the total NIM, domestic NIM is 3.30% and the global NIM is 3.15%, where we have given the guidance (Foreign Language) our …If I compare the ratios, ratios on return on assets that stood at 1.03% for Q3 FY25 and 0.96% for nine month FY25 in line with the guidance of our FY2…At the beginning of Q3, we expected that our cost of deposits will reduce sharply where yield of advances will remain -- roughly remain at the same le…We are well above our guidance for deposit as well as the credit growth rate, which was 9% to 10% for deposit and 11% to 12% for credit.We met or exceeded our stated guidance for 2025-'26 financial year across most key parameters.
Margin—We can increase the margin, but there is a risk of slippage also.The bank is prioritizing an increase in the CASA share with total deposits and enhancing the RAM portfolio in total advances which will collectively s…We would first request MD sir to briefly summarize the key highlights from the third quarter results, followed by an outlook on the growth margin and …But your margin performance has been better than other PSUs.On the margin front, you had guided last quarter that it would improve by 5 basis points Q-o-Q.So in that context, you could have significant margin pressure.—
Pricing—Normally the percentage in this personal loan used to be around 2% and 2.10% and that’s already been factored at the time of pricing this product, and…—But as far as the increase in the risk weight is concerned, so we are negotiating the higher pricing to the existing as well as the proposed one.10,000 crore which renewals or repricing it came and we have gone for some modification in the pricing and it has alreadyAnd second thing related with this is the deposit rate pricing.Okay, so sir, assuming that we have only passed 25 basis point in this quarter and that too from February when the rate cut happened, there would be f…—
Revenue growthSo, there is a YoY growth of around 19.98%.As far as the savings Bank and the CASA and the current account is concerned, savings Bank also there is a Y-o-Y growth of 3.7% and it increased to 4.…We have sanctioned credit lines to the tune of INR1.78 lakh crores, which are yet to be disbursed and that will favor the credit growth of the bank in…As far as the deposit is concerned, there is a growth of around 9.35% in the deposit, which has improved from INR12.10 lakh crore in the last year on …32,025 crore with a YoY growth of 7.8% for nine months ending 31st December ‘24.Our focus has been on sustained business growth of both liability and asset side.May 07, 2025 RAM segment very high now and I think there also the growth in the all the retail, agri and MSME I am expecting that there will be a grow…Our retail book, excluding IBPC grew by 18.2%, MSME by 19.9%, agri priority sector witnessed growth of 16.2%.

What they said they would do

Sentences in which management set an expectation. Each names the speaker and the page of the transcript it came from.

DateQuarterWhoWhat they said
2025-02-04Q3FY25PUNJAB NATIONAL BANKIf I compare the ratios, ratios on return on assets that stood at 1.03% for Q3 FY25 and 0.96% for nine month FY25 in line with the guidance of our FY25. Return on equity is 19.22% for Q3 FY25 and 18.87% for nine month Financial Year ‘24-25.