Punjab National Bank Q1 profit surges 214%, crosses ₹5,000 crore

Punjab National Bank (PNB) reported a 213.6% YoY surge in net profit to ₹5,253 crore for the June quarter, up from ₹1,675 crore in the same period last year. The sharp increase in profit was primarily driven by a significantly lower income tax expense. The bank's Net interest income rose 2% to ₹10,798 crore from ₹10,578 crore in Q1FY26.