Punjab National Bank logo

Punjab National Bank share price

NSE: PNBBSE: 532461BanksLarge Cap

Face value ₹2 · Listed Apr 2002
Last close ₹122.85down ₹1.05 (0.85%)BSE ₹122.50

Share price at the NSE close on 30 Oct 2026. Previous close ₹123.90.

30 Oct: open ₹123.90, high ₹125.09, low ₹122.48

52-week range of traded prices to 30 Oct 2026
₹98.50Low, 18 May 2026₹135.15High, 19 Jan 2026
Market cap
₹1,41,191 Cr78th largest listed
P/E
6.18
P/B
0.88
Dividend yield
2.44%
ROE
15.1%
NIM
2.40%
Gross NPA
2.55%
Net NPA
0.25%
CET1
14.44%
ROA
0.95%
Volume, NSE
2,22,42,23348.5% delivered

Punjab National Bank share price chart

Daily closes since Jan 2007, adjusted for splits and bonuses

+2.3%over a year · Nifty PSU Bank +2.2% · Nifty 500 −8.2%

Results20-session average 2,06,10,615 shares a day, 41.7% delivered

About Punjab National Bank

Punjab National Bank is a public sector bank based in New Delhi that takes deposits and lends money across India.12 Its customers include individuals, farmers, small businesses, start-ups, companies and government bodies, and its branches also sell insurance and mutual funds of partner companies.34 Abroad it has a Dubai branch, UK and Bhutan subsidiaries and a Nepal joint venture; a branch at GIFT City in Gujarat serves its international business.5

The bank names Lala Lajpat Rai as its founding father.6 It is a body corporate constituted under the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970, under which it was nationalised.7 Oriental Bank of Commerce and United Bank of India were amalgamated into it with effect from 1 Apr 2020.8

The Government of India, its promoter, held 70.08% of its shares at the end of September 2026.910 Its subsidiaries include PNB Gilts (74.07% held), PNB Cards and Services, PNB Investment Services, PNB International in London and Druk PNB Bank in Bhutan (51% held), and its associates include PNB Housing Finance (28.01%) and PNB MetLife India Insurance (30%).11 It sponsors 8 regional rural banks (government-backed banks that serve rural areas), which had 5150 branches in 8 states at the end of March 2026, and holds 35% of each.1213

Punjab National Bank key points

Results

  • In the quarter to Sep 2026, standalone net profit was ₹5,532 crore, up 12.8% from a year earlier, and operating profit (income left after operating costs, before provisions and tax) was ₹7,532 crore, up 4.2%.14
  • Net interest income (interest earned minus interest paid) was ₹11,601 crore in the quarter, up 10.8% from a year earlier, while other income fell 17.1% to ₹3,601 crore.15
  • In the year to Mar 2026, consolidated revenue was ₹1,49,463.30 crore and consolidated net profit ₹18,392.69 crore.1617
  • Standalone net profit for that year was ₹16,904 crore against ₹16,630 crore a year earlier, after an additional tax charge of ₹3,324.24 crore on moving to the new tax regime.18

Business segments

  • Share of standalone turnover by business segment1920
    Itemyear to Mar 2026
    Corporate and wholesale banking (exposure of ₹7.50 crore and above)38.20%
    Retail banking (exposure below ₹7.50 crore)29.73%
    Other banking operations2.67%
    The bank also reports a treasury segment, which holds its investment portfolio and trades foreign exchange and derivative contracts.

Asset quality and capital

  • Gross non-performing assets (NPAs, loans whose borrowers have stopped paying) were ₹34,190 crore at the end of September 2026, 2.55% of advances, against ₹40,343 crore (3.45%) a year earlier.21
  • The bank's net NPAs, after provisions, were 0.25%, and provision coverage ratio (the share of bad loans covered by money set aside, including written-off loans) was 97.32%.22
  • In the quarter to Sep 2026, net additions to NPAs (net slippage) were ₹2,395 crore and net recoveries ₹2,805 crore.23
  • The bank's capital adequacy ratio (capital as a share of risk-weighted assets) was 17.95% at the end of September 2026, and core equity (CET1) ratio 14.44%.24

Loan book and deposits

  • At the end of September 2026, global advances were ₹13,41,194 crore, up 14.7% from a year earlier, and global deposits ₹17,77,240 crore, up 9.9%.25
  • Domestic advances at the end of September 202626
    ItemSep 2026
    Corporate and others₹5,35,088 crore
    Retail₹2,96,925 crore
    Micro, small and medium enterprises (MSME)₹2,14,619 crore
    Agriculture₹2,10,451 crore
    Retail, agriculture and MSME loans together were 57.4% of domestic advances.
  • Current and savings account (CASA) deposits, which usually cost less than term deposits, were ₹6,25,945 crore at the end of September 2026, 36.6% of domestic deposits.27
  • The bank's home loans were ₹1,41,836 crore, up 14.3% from a year earlier, and vehicle loans ₹38,234 crore, up 29.6%, both excluding participation certificates bought from other banks.28

Branches and reach

  • At the end of September 2026 the bank had 10,481 domestic branches, 10,915 ATMs and 32,276 business correspondents (agents who offer basic banking on a bank's behalf), 53,672 in all.29
  • Domestic branches by population group, end of September 202630
    ItemSep 2026
    Rural3,979 (38.0%)
    Semi-urban2,638 (25.2%)
    Urban2,071 (19.7%)
    Metro1,793 (17.1%)
  • Punjab National Bank served more than 18.53 crore customers at the end of March 2026.31
  • In the quarter to Sep 2026, 95.7% of its transactions were digital, counting ATMs and other alternate delivery channels, and sanctioned ₹22,018 crore of loans through digital journeys across 5,88,720 accounts.3233

What the company expects

  • In its presentation of 16 Oct 2026, the company said it expects loans to grow 12% to 13% and deposits 9% to 10% in the year to Mar 2027, with a net interest margin of 2.60% to 2.70%.34
  • In its presentation of 16 Oct 2026, the company said it expects gross NPAs below 2.50%, net NPAs below 0.3%, return on assets above 1% and recoveries of more than ₹13,000 crore in that year.35
  • On its earnings call of 18 Jul 2026, the company said it plans to open 250 new branches in the year to Mar 2027, focused on the southern and western regions.36

Recent events

  • On 16 Sep 2026, the bank set up a $1.50 billion Euro Medium Term Note programme, a framework for issuing bonds overseas, which Moody's provisionally rated Baa3.3738
  • On 25 Feb 2026, Fitch upgraded the bank's Viability Rating (its view of the bank's own strength without government support) to 'bb' from 'bb-' and affirmed its long-term rating at 'BBB-'.39
  • On 17 Oct 2025, Canara HSBC Life Insurance ceased to be an associate of the bank after its stake fell from 23% to 13% through a sale of shares in the insurer's IPO.40

Litigation and regulatory matters

  • In its exchange filing of 1 Oct 2026, the bank said SEBI had sent it a cautionary warning letter over insider trading breaches in its shares by designated persons and their relatives from 24 Jun 2024 to 6 Aug 2024 and later, with no penalty.41
  • As of its annual report of 27 May 2026, the secretarial auditor noted board vacancies and non-compliance with SEBI's board composition rule; the board had 9 directors and 7 vacancies at the end of March 2026.4243

Last updated

All 43 sources, each with its page
  1. 1. Annual report, 27 May 2026, page 105
  2. 2. Annual report, 27 May 2026, page 3
  3. 3. Annual report, 27 May 2026, page 106
  4. 4. Annual report, 27 May 2026, page 43
  5. 5. Annual report, 27 May 2026, page 42
  6. 6. Annual report, 27 May 2026, page 2
  7. 7. Annual report, 27 May 2026, page 105
  8. 8. Exchange filing, 15 Dec 2025, page 3
  9. 9. Investor presentation, 16 Oct 2026, page 34
  10. 10. Exchange filing, 4 Apr 2026, page 1
  11. 11. Investor presentation, 16 Oct 2026, page 42
  12. 12. Annual report, 27 May 2026, page 48
  13. 13. Investor presentation, 16 Oct 2026, page 42
  14. 14. Investor presentation, 16 Oct 2026, page 5
  15. 15. Investor presentation, 16 Oct 2026, page 24
  16. 16. Annual report, 27 May 2026, page 230
  17. 17. Annual report, 27 May 2026, page 229
  18. 18. Annual report, 27 May 2026, page 8
  19. 19. Annual report, 27 May 2026, page 105
  20. 20. Annual report, 27 May 2026, page 105
  21. 21. Investor presentation, 16 Oct 2026, page 30
  22. 22. Investor presentation, 16 Oct 2026, page 5
  23. 23. Investor presentation, 16 Oct 2026, page 31
  24. 24. Investor presentation, 16 Oct 2026, page 7
  25. 25. Investor presentation, 16 Oct 2026, page 5
  26. 26. Investor presentation, 16 Oct 2026, page 12
  27. 27. Investor presentation, 16 Oct 2026, page 11
  28. 28. Investor presentation, 16 Oct 2026, page 13
  29. 29. Investor presentation, 16 Oct 2026, page 41
  30. 30. Investor presentation, 16 Oct 2026, page 41
  31. 31. Annual report, 27 May 2026, page 106
  32. 32. Investor presentation, 16 Oct 2026, page 36
  33. 33. Investor presentation, 16 Oct 2026, page 37
  34. 34. Investor presentation, 16 Oct 2026, page 48
  35. 35. Investor presentation, 16 Oct 2026, page 48
  36. 36. Earnings call, 18 Jul 2026, page 3
  37. 37. Exchange filing, 18 Sep 2026, page 1
  38. 38. Exchange filing, 18 Sep 2026, page 2
  39. 39. Exchange filing, 25 Feb 2026, page 2
  40. 40. Annual report, 27 May 2026, page 230
  41. 41. Exchange filing, 1 Oct 2026, page 1
  42. 42. Annual report, 27 May 2026, page 50
  43. 43. Annual report, 27 May 2026, page 93

Results

Consolidated; ₹ crore. Total income is interest earned plus other income, fees and treasury gains among it.Punjab National Bank quarterly results

Total income growth, 12 months
+2.9%
Net profit growth, 12 months
+34.2%

Quarter to Sep 2026, against the quarter before

Total income
₹38,791 Crup 2.21%
Net profit
₹5,918 Crup 1.43%

Total income by quarter

₹35,286 CrDec 24₹37,299 CrMar 25₹37,999 CrJun 25₹36,684 CrSep 25₹37,903 CrDec 25₹36,878 CrMar 26₹37,954 CrJun 26₹38,791 CrSep 26
Peak total income ₹38,791 Cr, quarter to Sep 2026; lowest ₹35,286 Cr, quarter to Dec 2024

Net profit by quarter, a loss in red

₹4,811 CrDec 24₹5,011 CrMar 25₹2,167 CrJun 25₹5,121 CrSep 25₹5,577 CrDec 25₹5,602 CrMar 26₹5,835 CrJun 26₹5,918 CrSep 26
₹ croreDec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
Total income35,28637,29937,99936,68437,90336,87837,95438,791
Net profit4,8115,0112,1675,1215,5775,6025,8355,918
Consolidated. The last eight quarters. The latest is shaded. Net profit is the whole group's, the other owners of its subsidiaries included; P/E and ROE use the company's own share.

Business segments

Share of revenue, year to Mar 2026, consolidated.Segment revenue and profit

  • Corporate / Wholesale Banking₹56,734 Crdown 3.18%38.0%
  • Treasury Operations₹44,781 Crup 11.21%30.0%
  • Retail Banking₹44,015 Crup 14.90%29.4%
  • Other Banking Operations₹3,933 Crup 19.72%2.6%
The pill is the change in revenue on the year before; the share is of all the businesses together.

Valuation

Today, against the company's own history.Punjab National Bank PE ratio and valuation

Price to earnings

At or below today's level on 7% of 1,240 trading days over the last 5 years.

LowestHighest
Its median10.02Industry median8.06
Price to book

At or below today's level on 54% of 1,240 trading days over the last 5 years.

LowestHighest
Its median0.86Industry median0.91
Dividend yield

At or below today's level on 90% of 2,478 trading days over the last 10 years.

LowestHighest
Its median0.00%Industry median2.70%

Where the return came from

Yearly rates to Mar 2026, per-share figures restated for splits and bonuses.

OverReturn a yearEarnings growthChange in P/EDividend yield
1 year+7.6%−0.5%+5.1%3.0%
3 years+31.6%+73.9%−25.7%2.4%
5 years+24.5%+45.6%−16.0%2.1%
Return is price growth plus the average dividend yield. Change in P/E is (1 + price growth) / (1 + earnings growth) - 1, so the parts compound rather than add. Earnings growth over 1 and 5 years is on profit divided by shares in issue at both ends: the earnings per share stated for one end does not match that year's profit and share count.

Shareholding

Per cent of the company's shares, from the filing for Sep 2026.Punjab National Bank shareholding pattern

Shareholding by group

  • Promoters70.08%
  • Foreign institutions6.66%
  • Indian institutions16.13%
  • Individuals and others7.13%
Holder
Central Government (President of India)Promoter70.08%
LICI MARKET PLUS GROWTH FUNDInsurance companies9.38%
Holders are named in the company's own words: an insurer's holding can carry one of its funds' names. Mutual funds are left out here and listed fund by fund below.

Since Jun 2026: promoters unchanged, foreign institutions +0.73 pts, Indian institutions +0.06 pts, mutual funds −0.37 pts.

Mutual fund holdings

203 funds disclosed a holding for Sep 2026. What they did in Sep 2026, against each fund's month before. 149 of the 156 funds that added or cut are index funds, ETFs or arbitrage funds: an index fund or ETF holds what its index holds, and an arbitrage fund holds the share against a sale of its future. 1 more fund filed its first portfolio on record, holding it.All 203 funds holding Punjab National Bank

Bought for the first time
3
Bought again
1
Added
72
Cut
84
Held unchanged
42
Sold out
4
Fund
SBI Mutual Fund logoSBI Contra FundSBI Mutual Fund11,58,46,8322.91%₹1,309.8 Cr
SBI Mutual Fund logoSBI Balanced Advantage FundSBI Mutual Fund6,67,70,1081.86%₹754.9 Cr
Nippon India Mutual Fund logoNippon India ETF Nifty PSU Bank BeESNippon India Mutual Fund3,94,78,42611.35%₹446.3 Cr
SBI Mutual Fund logoSBI Arbitrage FundSBI Mutual Fund3,17,60,0000.78%₹359.1 Cr
HDFC Mutual Fund logoHDFC Arbitrage FundHDFC Mutual Fund2,86,48,0001.27%₹323.9 Cr
Invesco Mutual Fund logoInvesco India Arbitrage FundInvesco Mutual Fund2,77,36,0001.03%₹313.6 Cr
Kotak Mahindra Mutual Fund logoKotak Nifty PSU Bank ETFKotak Mahindra Mutual Fund2,50,15,11011.35%₹282.8 Cr
Nippon India Mutual Fund logoNippon India ETF Nifty Bank BeESNippon India Mutual Fund2,29,00,7563.27%₹258.9 Cr
ICICI Prudential Mutual Fund logoICICI Prudential Arbitrage FundICICI Prudential Mutual Fund2,15,84,0000.69%₹244.0 Cr
SBI Mutual Fund logoSBI Multi Asset Allocation FundSBI Mutual Fund2,10,00,0001.13%₹237.4 Cr
Portfolios disclosed for Sep 2026. Weight is the holding as a share of the fund's assets.

Punjab National Bank competitors and peers

Public Sector Bank, 12 listed companies, priced on 30 Oct 2026. The table lists the 8 companies closest to Punjab National Bank in market cap.Finance companies

Where the company sits among the companies nearest its size

Return on equity across, P/E up, size is market cap
Company
State Bank of India logoState Bank of IndiaSBIN8,87,86110.301.44+6.6%+8.5%15.4%1.11%2.84%1.80%
Union Bank of India logoUnion Bank of IndiaUNIONBANK1,41,9856.450.98+0.3%+19.0%16.3%1.25%2.67%2.69%
Bank of Baroda logoBank of BarodaBANKBARODA1,23,389–0.71+8.2%––0.98%2.83%3.56%
Indian Bank logoIndian BankINDIANB1,16,5808.821.34+12.4%+17.2%16.1%1.25%3.07%2.11%
Canara Bank logoCanara BankCANBK1,06,6165.230.83−6.8%+17.7%16.8%0.99%2.21%3.57%
Bank of Maharashtra logoBank of MaharashtraMAHABANK62,5787.821.68+16.6%+31.5%23.3%1.76%3.83%2.70%
Bank of India logoBank of IndiaBANKINDIA60,4874.830.64+9.1%+29.7%14.1%0.92%2.47%3.50%
Indian Overseas Bank logoIndian Overseas BankIOB55,3438.311.37+14.2%+51.3%17.9%1.25%3.17%0.00%
Market cap in ₹ crore. Growth is the last twelve months against the twelve before. A figure is left empty where it would rest on a loss or the company has under a year of results on record. ROE is the shareholders' profit over their net worth. ROA is the year's profit over average total assets. NIM is net interest income over average loans and investments. Income growth is the growth of everything the company earns: interest, fees, premiums and the rest.

Dividends

Per share, by the year it was paid for, and the latest payments.Punjab National Bank dividend history

Dividend per share, ₹, restated for later splits and bonuses

Mar 17Mar 18Mar 19Mar 20Mar 210.6Mar 220.7Mar 231.5Mar 242.9Mar 253Mar 26
Highest ₹3.00 a share, year to Mar 2026.
Ex-dateTypePer share
12 Jun 2026Final₹3.00
20 Jun 2025Final₹2.90
21 Jun 2024Final₹1.50
23 Jun 2023Final₹0.65
22 Jun 2022Final₹0.64
22 Jun 2015Final₹3.30
Latest payments, as declared, by ex-date.

Latest announcements

Routine notices left out.Punjab National Bank announcements

Punjab National Bank share price by year

Each calendar year to 2025.Punjab National Bank share price history

YearClose at year endChangeHighest closeLowest close
2025123.58+20.2%125.3586.90
2024102.78+7.3%141.0594.40
202395.75+69.6%95.7544.90
202256.45+51.3%59.9028.45
202137.30+12.9%46.3032.55
202033.05−48.6%66.7026.60
201964.35−17.6%98.3056.45
201878.10−54.4%194.6559.70
2017171.40+48.5%213.60115.25
2016115.45−0.2%159.3071.00
₹ per share, adjusted for splits and bonuses since. Change is on the close at the end of the year before.

Recent sessions

The 9 trading days to 29 Oct 2026, as traded on NSE; the latest is at the top of the page.

DateOpenHighLowCloseAverage priceVolumeDelivery
29 Oct 2026119.91123.90119.62123.90122.562,76,94,67445.2%
28 Oct 2026120.10121.50119.42120.31120.5383,82,68647.2%
27 Oct 2026121.00122.34120.20121.27121.202,20,99,21152.3%
26 Oct 2026119.35120.89118.20120.89119.591,35,98,90633.2%
23 Oct 2026122.00122.30119.06120.37119.992,10,67,47851.7%
22 Oct 2026122.50122.50120.55122.50121.832,97,16,33759.0%
21 Oct 2026122.50124.20121.38122.50122.613,11,19,54252.7%
19 Oct 2026120.87125.22120.00121.90123.017,81,15,49028.1%
16 Oct 2026116.29116.40114.10116.30115.531,57,09,99143.9%
Prices in ₹ per share as traded, not adjusted.

Price adjustments

What the price chart is corrected for, so it reads as one share held throughout.Stock split history

Ex-dateEventPrice factorWhat happened
25 Oct 2017Price move–Between two trading sessions the price moved by a fifth or more. At least 3 other companies in the same industry moved as much the same way that session. Not adjusted for.
18 Dec 2014Split0.2000Each share became 5.
Earlier prices are multiplied by the factor, so the chart reads as one share held throughout. Any other event is noted and not adjusted for.

Company details