Punjab National Bank Q1 Update: Global Business rises 10.32%, advances up 13%

State-run lender Punjab National Bank (PNB) on Thursday (July 2) said its global business rose 10.32% year-on-year to ₹29,99,876 crore as of June 30, 2026, with growth supported by steady expansion in deposits and advances.

Global deposits stood at ₹16,70,180 crore, while global advances were at ₹12,05,763 crore as of June 30, 2026. Domestic deposits were reported at ₹12,75,036 crore, and domestic advances at ₹11,92,950 crore.

Domestic business stood at ₹28,75,943 crore, while global business was ₹29,99,876 crore. The bank said the global credit-deposit ratio stood at 73.92% as of June 30, 2026.

On a sequential basis, global business rose 1.02% over March 31, 2026 levels, while domestic business increased 1.19%. Global deposits and advances rose 1.28% and 1.31%, respectively.

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The bank also reported steady year-on-year growth across key parameters, with domestic deposits and advances rising 12.85% and 11.74%, respectively. The figures are provisional and subject to review by the Statutory Central Auditors.

Last month, Punjab National Bank MD and CEO, Ashok Chandra, said the bank will continue to focus on strategic areas such as Retail, Agriculture, MSME advances, as well as accelerating the Current Account and Savings Account (CASA) base to boost growth and profitability.

The banking sector remains well-positioned to drive credit expansion and seamlessly meet the market’s evolving financing needs, backed by strong balance sheets and healthy capitalisation, Chandra said in a message to shareholders in its annual report released recently.

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"The bank will also continue to focus on the strategic areas such as RAM advances, CASA Deposits, Digitalisation, Customer Service and Human Resources," he said.

As of March 31, 2026, Retail, Agriculture, and MSME (RAM) advances increased to ₹6.76 lakh crore, from ₹6.03 lakh crore in the previous fiscal, reflecting a growth of 12 per cent. The RAM segment’s contribution to domestic advances stood at 56.6% at the end of March 2026.

With regard to low-cost deposits, PNB’s domestic CASA share was at 37% as on March 31, 2026. Current account deposits of the bank stood at ₹ 79,294 crore, while savings deposits were at ₹5.30 lakh crore.

”The bank would continue to expand its footprint, and it will be our endeavour to continue providing convenience to the customers. Being the leading banking sector entity, the bank will contribute towards India’s journey towards Viksit Bharat by 2047,” Chandra said. The country’s second-biggest bank has a network of 10,324 branches.

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In addition to these strategic priorities, the bank is deeply committed to upholding the highest standards of ethics and integrity in all its operations, he said.

Shares of Punjab National Bank Ltd ended at ₹106.95, down by ₹0.55, or 0.51%, on the BSE.