'Punjab National Bank has reported 13% growth in net profit at Rs 5100.15 crore for the quarter ended December 2025 (Q3FY2026). Net Interest Income (NII) declined 5% in Q3FY2026. The Net Interest Margin (NIM) of the bank fell to 2.52% in Q3FY2026 compared to 2.93% in the corresponding quarter of previous year. The core fee income of the bank improved 9% in Q3FY2026.
On business front, the business growth moderated to 10% at end December 2025 from 11% at end September 2025, as the deposits growth has eased to 9%. However, the loan book growth accelerated to 11%. The CASA ratio of the bank has declined to 35.7% at end December 2025 from 36.7% at end December 2024.
NII dip as NIM declines: Interest income increased 3% to Rs 32231.00 crore, while interest expenses moved up 7% to Rs 21698.42 crore in Q3FY2026. NII declined 5% to Rs 10532.58 crore in Q3FY2026.
Margin eases: The bank has shown 15 bps YoY decline in cost of deposits to 5.09%, while yield on...
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