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India
Reported ownership for FY2027-Q2 as of 2026-09-30.
As of 06 Nov 2026, 03:30 pm
Effective November 1, 2026, PNB revised its Marginal Cost of Funds Based Lending Rates (MCLR) upwards across all tenors. The Overnight MCLR increased from 8.00% to 8.10%, and the One Month MCLR rose from 8.25% to 8.35%. Concurrently, fixed deposit rates for domestic term deposits below ₹3 crore were updated, offering maximum returns of up to 6.60% for general customers and 7.10% for senior citizens.
As of November 6, 2026, PNB closed at ₹126.55, with a market capitalization of approximately ₹1.45 lakh crore. The stock is in a bullish trend on daily, weekly, and monthly timeframes. Key resistance levels are seen at ₹127.57 and ₹128.51, while immediate support rests at ₹125.33. Over the past month, the stock returned +13.1%, though it remains down -4.4% from its recent peak.
On October 29, 2026, the Reserve Bank of India imposed a monetary penalty of ₹1.57 crore on PNB for non-compliance with Currency Chest operational guidelines. PNB confirmed the penalty was paid and stated the impact is limited to this amount. Additionally, the Central Bureau of Investigation arrested a PNB office assistant and an accomplice in connection with a ₹10.24 crore fraud involving unauthorized withdrawals from customer accounts over three years.
As of 06 Nov 2026, 03:30 pm
Recent drawdown and price variability remain within the producer's contained-risk thresholds.
Trading volume was unusually high, but the closing price did not show a clear directional move.
This indicates increased participation without a clear directional signal.
Trading activity was substantially higher than usual and the price closed higher.
This may reflect stronger-than-usual market participation; follow-through and relevant company or market news merit review.
The session opened materially above the previous close, indicating a sharp repricing at the open.
The move may reflect new information; subsequent price follow-through is worth monitoring.
The session opened materially below the previous close, indicating a sharp repricing at the open.
The price gap may increase short-term downside uncertainty and warrants review of the underlying context.
Latest complete financial results for Q2 FY27 and comparative quarterly trends.
| Metric | Q2 FY26 | Q1 FY27 | Q2 FY27(Latest) |
|---|---|---|---|
| Profit Loss For The Period | ₹4,849 crore | ₹5,339 crore | PEAK₹5,561 crore |
| Profit Loss From Ordinary Activities Before Tax | ₹6,527 crore | ₹7,108 crore | PEAK₹7,488 crore |
| Tax Expense | ₹1,678 crore | ₹1,769 crore | PEAK₹1,927 crore |
| Basic Earnings Per Share After Extraordinary Items | ₹4.46 per share | ₹5.06 per share | PEAK₹5.13 per share |
Punjab National Bank reported consolidated profit after tax of ₹5,561 crore for the quarter ended 30 September 2026, up 14.7% year on year and 4.2% from the June quarter. Interest earned increased faster than interest expended sequentially, while other income fell; lower provisions supported a sequential rise in profit before tax despite a modest decline in operating profit before provisions.
The share of profit of associates declined 28.0% quarter on quarter to ₹357 crore. Profit after tax, minority interest and share of associates was ₹5,898 crore, up 1.4% from the June quarter; minority interest was ₹20 crore.
Basic and diluted earnings per share were ₹5.13, compared with ₹5.06 in the previous quarter and ₹4.46 in the year-earlier quarter.
PNB’s year-on-year profit growth came alongside higher interest income, while sequential pre-tax profit growth was supported by substantially lower provisions despite weaker other income and a slight decline in operating profit before provisions. The quarter-end balance sheet was larger than at the previous financial year-end, while capital ratios eased modestly from June.
Disclosed bulk and block transactions involving Punjab National Bank, shown for the latest 90 days.
Exchange disclosures and regulatory announcements for Punjab National Bank.
Punjab National Bank has informed the NSE and BSE that its Marginal Cost of Funds Based Lending Rates (MCLR) are revised upwards across all tenors effective November 1, 2026. The Overnight MCLR increases from 8.00% to 8.10%, while the One Month MCLR rises from 8.25% to 8.35%. Other tenors also see incremental increases ranging from 0.10% to 0.15%. Concurrently, the Repo Linked Lending Rate (RLLR) remains unchanged at 8.35%, and the Base Rate remains unchanged at 9.50%.
The Reserve Bank of India imposed a monetary penalty of Rs. 1,56,53,000.00 on Punjab National Bank for non-compliance with operational guidelines of Currency Chests under RBI Master Directions. The Bank received the order or communication on 29.10.2026 and stated that the impact was limited to the amount of the penalty.
On October 29, 2026, Punjab National Bank (PNB) disclosed to the NSE that the Reserve Bank of India (RBI) imposed a monetary penalty of Rs. 1,56,53,000 on the bank. The penalty was levied for non-compliance with operational guidelines of Currency Chests as per RBI Master Directions. PNB confirmed that the penalty has been paid by the Bank and stated that the expected impact on financial and operational activities is limited only to the amount of the penalty.
Punjab National Bank resubmitted its standalone and consolidated unaudited/reviewed financial results for the quarter and half-year ended September 30, 2026, in machine-readable format/legible copy following a communication from NSE dated October 27, 2026. The Bank stated that the resubmission made no changes to the figures, disclosures, or other information in those results. The filing also reports that the Board approved the results on October 16, 2026, after Audit Committee review and recommendation; they were subject to limited review by the Statutory Central Auditors.
Punjab National Bank re-submitted its standalone and consolidated unaudited/reviewed financial results for the quarter and half-year ended September 30, 2026, in machine-readable format/legible copy following an NSE communication dated October 27, 2026. The bank stated that there was no change in figures, disclosures, or other information in the results. This is a routine filing-format resubmission; the attached results had been reviewed and recommended by the Audit Committee and approved by the Board on October 16, 2026.
Punjab National Bank disclosed the transcript of its earnings call held on 16 October 2026 on unaudited (reviewed) financial results for the quarter and half-year ended 30 September 2026. Management reported Q2 FY27 net profit of INR 5,532 crores, up 12.8% year on year, and global business of INR 31.18 lakh crores, up 11.9%. The filing is a transcript disclosure; the operating and financial figures are management statements during the call, not new approvals or decisions in this notice.
Punjab National Bank uploaded the transcript of its earnings or quarterly call to its website on 2026-10-23 at 14:25:00. The call was held on 2026-10-16 and concluded at 19:15:00. The bank’s prior intimation to the Exchange was disclosed on 2026-10-13.
Punjab National Bank has informed the Exchange about General Updates |SUBJECT: General Updates
Recent market and company developments associated with Punjab National Bank.
Fixed deposit interest rates have increased across several banks in November 2026, with senior citizens eligible for returns of up to 8.60% at Suryoday Small Finance Bank and 8.50% at Utkarsh Small Finance Bank. Major lenders such as HDFC Bank, ICICI Bank, and Punjab National Bank offer lower maximum rates ranging from 7.10% to 7.20%, creating a significant yield difference on larger deposits. While higher rates can improve retirement income, the article notes that deposit safety under the DICGC framework and liquidity requirements remain important considerations for investors.
RBI data indicates that bank fraud losses surged to Rs 48,021 crore in FY26, driven largely by loan-related schemes, while cyber fraud complaints exceeded 53 lakh with minimal refunds. Recent incidents involving SBI, IDFC First Bank, and PNB highlight vulnerabilities in digital security and internal controls, raising concerns about the safety of customer deposits despite high trust levels. The Supreme Court has directed financial institutions to compensate victims when due diligence failures are established, with revised RBI liability rules expected to take effect in late 2027.
Nuvama Wealth identifies improving risk-reward prospects for Indian equities in Samvat 2083, citing attractive valuations, extreme bearish foreign-investor positioning, and potential global catalysts. The brokerage's Diwali stock picks include Adani Energy Solutions, Coforge, KDDL, Punjab National Bank, and Zydus Lifesciences, selected based on their technical structures and potential for further gains.
Lenders led by Canara Bank have approved a ₹522-crore one-time settlement offer from Supreme Housing and Hospitality, resolving debts of close to ₹700 crore with a recovery rate just short of 75%. The agreement covers both fund-based exposure for Canara Bank and non-fund exposure arising from corporate guarantees given to subsidiary entities. This resolution marks a major milestone in the company's financial restructuring and will now be submitted to the NCLT for final approval.
Punjab National Bank and Canara Bank have revised their fixed deposit interest rates for domestic term deposits below ₹3 crore, effective November 1 and November 2, 2026, respectively. The revisions result in maximum returns of up to 6.60% for general customers and 7.10% for senior citizens at PNB, while Canara Bank offers up to 6.75% and 7.25% for the same categories. Additionally, Axis Bank separately updated interest rates on bulk fixed deposits of ₹3 crore and above starting November 3, 2026.
The Central Bureau of Investigation has arrested a Punjab National Bank office assistant and a private individual in connection with an alleged Rs 10.24 crore fraud involving unauthorized withdrawals from multiple customer accounts over three years. The CBI registered an FIR on October 29, alleging that the bank employee acted in connivance with the accused to misuse core banking solution credentials, following a customer's report of suspicious transactions in September. The case invokes provisions of the Bharatiya Nyaya Sanhita, the Prevention of Corruption Act, and the Information Technology
The CBI has arrested a Punjab National Bank Office Assistant and an accomplice in connection with an alleged Rs 10.24 crore fraud involving unauthorized debit transactions from customer accounts at the Pi Sector branch over three years. The scheme, uncovered after a customer reported suspicious activity, allegedly involved the misuse of core banking solution user IDs belonging to branch officials to siphon off funds. This development highlights internal security vulnerabilities within the bank's operations as the agency investigates charges including criminal conspiracy, breach of trust, and I
Public Sector Banks Punjab National Bank and Canara Bank have revised their fixed deposit interest rates, offering up to 7.25 percent for senior citizens. Concurrently, Axis Bank has updated its bulk deposit rates.
Comprehensive Section Breakdown for Punjab National Bank
Strategic Vision: Indian public sector bank providing financial services.
• Established operational history since 1895.
• Network of domestic and international subsidiaries and associates.
Interest earned rose 5.0% quarter on quarter to ₹35,267 crore, while interest expended increased 3.9% to ₹23,464 crore. Their difference widened to ₹11,803 crore from ₹11,006 crore in the June 2026 quarter. Total income was ₹38,791 crore, up 2.2% sequentially and 5.7% year on year.
Other income fell 19.3% quarter on quarter to ₹3,524 crore. Revenue on investments increased 2.3% sequentially to ₹8,725 crore. Interest on advances was ₹24,559 crore, while interest on balances with the Reserve Bank of India and other inter-bank funds was ₹1,488 crore.
Operating profit before provisions and contingencies declined 1.3% quarter on quarter to ₹7,564 crore. Expenditure excluding provisions rose 3.1% to ₹31,227 crore, including operating expenses of ₹7,763 crore, up 0.7%. Employee costs fell 2.8% to ₹4,468 crore, while other operating expenses rose 6.0% to ₹3,296 crore.
Provisions other than tax and contingencies were ₹75 crore, down from ₹555 crore in the June 2026 quarter. Profit before tax consequently increased 5.3% sequentially to ₹7,488 crore. Tax expense rose 8.9% to ₹1,927 crore, and profit after tax was ₹5,561 crore.
The CET1 ratio was 14.45% at 30 September 2026, compared with 14.52% at 30 June 2026 and 12.78% a year earlier. The additional Tier 1 ratio was 1.46%, down from 1.50% in June and 1.66% a year earlier. Reserves and surplus stood at ₹1,58,683 crore, compared with ₹1,39,948 crore at 30 September 2025.
Total assets were ₹21,28,852 crore at 30 September 2026, versus ₹20,33,331 crore at 31 March 2026 and ₹19,20,935 crore a year earlier. Advances stood at ₹13,23,830 crore and deposits at ₹17,92,780 crore. Investments were ₹5,47,217 crore; borrowings were ₹1,37,836 crore, compared with ₹1,09,162 crore at 30 September 2025.
Category: Financial Services
Provides a comprehensive range of banking and financial services to personal, corporate, and international customers.
Category: Financial Services
PNB Gilts Ltd. is involved in the trading of Government securities, treasury bills, and Non-SLR Investments, as well as Money Market Instruments.
Key Products & Services: PNB Gilts Ltd.
Category: Financial Services
PNB Investment Services Ltd. focuses on Merchant Banking activities, including Project Appraisal, Loan Syndication, Debt Placement, and the execution of various public offerings.
Key Products & Services: PNB Investment Services Ltd.
Category: Financial Services
PNB Cards and Services Limited is dedicated to PNB's credit card business.
Key Products & Services: PNB Cards and Services Limited
Category: Financial Services
Operates internationally through subsidiaries in the United Kingdom, Belgium, and a stake in a bank in Bhutan.
Key Products & Services: Punjab National Bank (International) Ltd. • PNB (International) Finance Ltd. • Druk PNB Bank Ltd. • PNB Bank (Europe) Ltd.
Category: Financial Services
PNB maintains an ownership stake in Canara HSBC Life Insurance Co. Ltd., engaged in the life insurance business.
Key Products & Services: Canara HSBC Life Insurance Co. Ltd.
Category: Financial Services
PNB holds an ownership in Everest Bank Ltd., which conducts banking business in Nepal.
Key Products & Services: Everest Bank Ltd.
Core Thesis: The bank extends its business operations through a network of domestic and international subsidiaries and associates.
• Domestic Subsidiaries: Operates specialized domestic subsidiaries for government securities trading, merchant banking, and credit card services. • International Expansion: Maintains international subsidiaries in the UK and Belgium, and holds stakes in banking entities in Bhutan and Nepal. • Strategic Associates: Partners with other entities in the life insurance sector to broaden its financial service offerings.