PNB

Punjab National Bank

Large public-sector bank with a wide branch network, plus insurance and housing finance arms

Financial Services›Financial Services›Banks›Public Sector Bank

pnb.bank.in(opens the company website in a new tab)
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Key metrics

Price as of 2026-10-16

Stock price
₹116.30
Market cap
1,33,663 Cr
Stock P/E
5.8
P/B
0.83
Dividend yield
2.6%
ROE (FY26)
13.2%

Full years shown; sign in free for the trailing twelve months. Learn about these metrics →

Price & valuation

Share price and valuation multiples (P/E, P/B and more) over time.

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Compare with peers

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What you need to know

PNB (Punjab National Bank) is a public-sector bank that takes deposits and lends to retail customers, farmers, small businesses and corporates across India through a large branch network.

Company snapshot

2ndBy market cap

Ranked among 12 companies in Public Sector Bank.

Segment mix

Reportable segments as of 2024-12-31 (Standalone). Revenue share = segment revenue ÷ total revenue.

Largest segment: 42.2% of revenue

SegmentRevenue shareRevenuePBTAssets
Corporate/Wholesale Banking
42.2%
42,744 Cr8,549 Cr—
Other Banking Operations
2.1%
2,084 Cr858 Cr—
Retail Banking
27.8%
28,152 Cr5,879 Cr—
Treasury Operations
28.0%
28,385 Cr7,869 Cr—

What we see

Positives
  • ✓Cash flow from operations is higher than reported profit — earnings quality looks solid.

Statement tables · Consolidated

Switches quarterly, P&L, balance sheet, and cash flow. Key metrics and ratios stay on consolidated when available.

Amounts in ₹ Cr · tap + to expand rows

Quarterly results

Quarterly · ₹ Cr · tap + rows to expand

MetricDec 2023Mar 2024Jun 2024Sept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026Jun 2026Sept 2026
Net Interest Income10,408 Cr10,476 Cr10,608 Cr10,657 Cr11,157 Cr10,884 Cr10,744 Cr10,655 Cr10,725 Cr10,579 Cr11,006 Cr11,803 Cr
Other income2,676 Cr4,294 Cr3,615 Cr4,664 Cr3,392 Cr4,776 Cr5,427 Cr4,171 Cr5,013 Cr4,080 Cr4,365 Cr3,524 Cr
Net operating income13,083 Cr14,771 Cr14,224 Cr15,321 Cr14,549 Cr15,660 Cr16,171 Cr14,826 Cr15,738 Cr14,659 Cr15,370 Cr15,327 Cr
Employee cost4,206 Cr5,672 Cr4,593 Cr5,798 Cr5,312 Cr5,845 Cr5,227 Cr4,808 Cr5,147 Cr3,811 Cr4,598 Cr4,468 Cr
Other expenses2,499 Cr2,599 Cr2,977 Cr2,514 Cr2,585 Cr2,926 Cr3,625 Cr2,864 Cr3,021 Cr3,327 Cr3,110 Cr3,296 Cr
Provisions & contingencies2,744 Cr1,560 Cr903 Cr280 Cr-403 Cr371 Cr345 Cr628 Cr1,130 Cr380 Cr555 Cr75 Cr
Depreciation————————————
Profit before tax3,634 Cr4,940 Cr5,751 Cr6,729 Cr7,055 Cr6,518 Cr6,973 Cr6,527 Cr6,440 Cr7,141 Cr7,108 Cr7,488 Cr
Tax %38.0%37.2%35.4%34.1%34.1%28.8%73.7%25.7%19.4%26.8%24.9%25.7%
Net profit2,441 Cr3,363 Cr3,991 Cr4,739 Cr4,811 Cr5,011 Cr2,167 Cr5,121 Cr5,577 Cr5,602 Cr5,835 Cr5,918 Cr
EPS (₹)₹2.21₹3.04₹3.61₹4.27₹4.18₹4.34₹1.84₹4.46₹4.83₹4.83₹5.06₹5.13

Profit & loss (annual)

Annual · last column is TTM · ₹ Cr · tap + to expand

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Net Interest Income15,336 Cr15,194 Cr17,491 Cr17,921 Cr31,062 Cr29,419 Cr35,028 Cr40,530 Cr43,306 Cr42,703 CrSign in free for the trailing twelve months
Other income9,168 Cr8,883 Cr7,367 Cr9,388 Cr13,124 Cr12,098 Cr12,240 Cr13,329 Cr16,447 Cr18,691 CrSign in free for the trailing twelve months
Net operating income24,503 Cr24,078 Cr24,859 Cr27,309 Cr44,186 Cr41,516 Cr47,268 Cr53,860 Cr59,753 Cr61,394 CrSign in free for the trailing twelve months
Employee cost——7,048 Cr7,060 Cr12,297 Cr11,972 Cr14,943 Cr18,643 Cr21,549 Cr18,992 CrSign in free for the trailing twelve months
Other expenses——4,642 Cr5,090 Cr8,219 Cr8,519 Cr9,393 Cr10,166 Cr11,002 Cr12,837 CrSign in free for the trailing twelve months
Provisions & contingencies13,440 Cr30,303 Cr28,534 Cr14,331 Cr19,886 Cr16,431 Cr18,071 Cr11,719 Cr1,150 Cr2,483 CrSign in free for the trailing twelve months
Depreciation——————————Sign in free for the trailing twelve months
Profit before tax1,878 Cr-19,376 Cr-15,365 Cr827 Cr3,784 Cr4,595 Cr4,861 Cr13,332 Cr26,053 Cr27,082 CrSign in free for the trailing twelve months
Tax %34.0%37.5%34.7%56.1%43.1%20.0%36.9%37.5%33.1%36.9%Sign in free for the trailing twelve months
Net profit1,239 Cr-12,111 Cr-9,550 Cr485 Cr2,695 Cr3,908 Cr3,359 Cr9,157 Cr18,553 Cr18,467 CrSign in free for the trailing twelve months
EPS (₹)₹5.78₹-54.71₹-20.79₹0.80₹2.64₹3.53₹3.04₹8.27₹16.42₹16.00Sign in free for the trailing twelve months
Dividend payout %————0.0%0.0%21.0%7.8%8.9%18.0%Sign in free for the trailing twelve months
Sign in free for the trailing twelve months

The latest four quarters added up, next to each full year

Balance sheet

Annual · ₹ Cr · tap + rows to expand

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity capital426 Cr552 Cr921 Cr1,348 Cr2,096 Cr2,202 Cr2,202 Cr2,202 Cr2,299 Cr2,299 Cr
Reserves42,990 Cr41,933 Cr44,277 Cr62,890 Cr90,439 Cr95,380 Cr1,00,678 Cr99,879 Cr1,22,531 Cr1,37,310 Cr
Borrowings43,336 Cr65,330 Cr46,828 Cr62,512 Cr52,298 Cr59,372 Cr70,149 Cr72,586 Cr1,05,807 Cr1,07,558 Cr
Other liabilities6,46,560 Cr6,71,180 Cr6,97,240 Cr7,24,708 Cr11,34,893 Cr11,82,348 Cr13,20,620 Cr14,23,969 Cr16,26,908 Cr17,86,164 Cr
Total liabilities7,33,311 Cr7,78,995 Cr7,89,266 Cr8,51,457 Cr12,79,725 Cr13,39,301 Cr14,93,649 Cr15,98,636 Cr18,57,544 Cr20,33,331 Cr
Fixed assets (net)6,298 Cr6,374 Cr6,248 Cr7,262 Cr11,049 Cr10,696 Cr12,084 Cr12,348 Cr13,083 Cr15,625 Cr
CWIP——————————
Investments1,91,527 Cr2,05,910 Cr2,09,723 Cr2,53,782 Cr4,04,369 Cr3,88,586 Cr4,16,914 Cr4,46,421 Cr5,24,840 Cr5,23,515 Cr
Loans & advances4,24,230 Cr4,38,798 Cr4,62,416 Cr4,76,853 Cr6,79,346 Cr7,33,766 Cr8,37,459 Cr9,41,762 Cr10,86,273 Cr12,37,980 Cr
Cash & bank25,410 Cr29,029 Cr32,338 Cr38,604 Cr44,267 Cr57,028 Cr78,214 Cr65,325 Cr64,389 Cr60,882 Cr
Other assets85,845 Cr98,884 Cr78,541 Cr74,956 Cr1,40,694 Cr1,49,225 Cr1,48,979 Cr1,32,779 Cr1,68,958 Cr1,95,329 Cr
Total assets7,33,311 Cr7,78,995 Cr7,89,266 Cr8,51,457 Cr12,79,725 Cr13,39,301 Cr14,93,649 Cr15,98,636 Cr18,57,544 Cr20,33,331 Cr

Cash flows

Annual · ₹ Cr · tap + rows to expand · last column includes FCF

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from operating activity21,938 Cr-140 Cr-34,158 Cr-12,744 Cr1,372 Cr19,932 Cr22,592 Cr-27,939 Cr22,075 Cr25,635 Cr
Cash from investing159 Cr-1,103 Cr225 Cr-987 Cr-787 Cr-1,104 Cr-732 Cr-1,506 Cr-1,578 Cr-609 Cr
Cash from financing-9,767 Cr7,352 Cr13,741 Cr14,190 Cr34,993 Cr2,032 Cr1,275 Cr3,518 Cr-1,138 Cr-11,664 Cr
Net cash flow12,330 Cr6,109 Cr-20,192 Cr460 Cr35,579 Cr20,859 Cr23,135 Cr-25,928 Cr19,359 Cr13,362 Cr
Free cash flow (OCF − Capex)21,442 Cr-795 Cr—-14,332 Cr585 Cr19,396 Cr22,040 Cr-29,083 Cr20,474 Cr24,011 Cr

Ratios

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROE %2.7%-28.6%-21.2%0.7%2.8%4.0%3.3%8.9%14.8%13.2%

Regulatory ratios (standalone basis)

RBI ratios for the bank itself (standalone filing), on both views.

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Gross NPA——78,473 Cr73,479 Cr1,04,423 Cr92,448 Cr77,328 Cr56,343 Cr44,082 Cr37,124 Cr
Gross NPA %12.5%18.4%15.5%14.2%14.1%11.8%8.7%5.7%4.0%2.9%
Net NPA——30,038 Cr27,219 Cr38,576 Cr34,909 Cr22,585 Cr6,799 Cr4,291 Cr3,610 Cr
Net NPA %7.8%11.2%6.6%5.8%5.7%4.8%2.7%0.7%0.4%0.3%
CET1 %7.9%5.9%6.2%10.7%10.6%10.6%11.2%11.0%12.3%13.6%
Additional Tier 1 %1.0%1.2%1.3%1.2%0.9%1.2%1.5%2.1%1.7%1.5%
ROA %0.2%-1.6%-1.3%0.0%0.1%0.3%0.2%0.5%1.0%0.9%