PNB Q2 profit rises 12.8% as lower provisions offset higher slippages
Punjab National Bank posted a 12.8% rise in net profit to ₹5,532 crore. Provisions fell sharply, while fresh slippages increased from the June quarter.
- published
- in the api
- on the website
on the website stories appear 15 minutes after publication, in the api at once. connect the api →
what happened
State-run Punjab National Bank (PNB) released results for the September quarter after market close on Friday, October 16, according to CNBC-TV18. Net profit reached ₹5,532 crore, up 12.8% from ₹4,903 crore a year earlier. Net interest income, the bank's core income, climbed 10.8% to ₹11,601 crore, while other income fell 17% to ₹3,600 crore.
Profit was supported by a sharp drop in provisions, which came to ₹97.27 crore versus ₹541 crore in the June quarter. Asset quality improved from the previous quarter: gross NPAs eased to 2.55% from 2.78%, and net NPAs to 0.25% from 0.28%. Fresh slippages, however, rose to ₹2,395 crore from ₹2,080 crore.
On Friday ahead of the announcement, PNB shares gained 1.1% to close at ₹116.3. The stock is down 6.1% so far this year.
why it matters
The one-off reduction in provisions gave a noticeable boost to earnings, so the profit growth is not fully driven by core operations. The rise in new slippages, however, points to possible pressure on the loan book in coming quarters, which investors in India's banking sector will watch closely.
market impact
Indian banks: strong profit and rising slippages send a mixed signal for PNB shares
tags
instruments
sources
- PNB Q2 Results: Lower provisions aid profitability, slippages rise from June quarter — cnbctv18.com, 16 October 2026 at 11:07 UTC
prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.
on the website stories appear 15 minutes after publication, in the api at once.
get stories in real time ↗