State-owned Punjab National Bank (PNB) on Saturday reported a 14% year-on-year increase in its net profit at Rs 4,903 crore for the second quarter (Q2) of FY26 following a Rs 639 crore write-back in provisioning of non performing assets. The bank’s net interest income (NII) reported a marginal fall to Rs 10,469 crore, down 0.5%, as against Rs 10,517 crore in Q2FY25. The bank exceeded Bloomberg estimates, with analysts expecting the profit for Q2FY26 to be Rs 4,419 crore on NII of Rs 10,496 crore.

This led to a fall in the bank’s domestic net interest margin (NIM) of 2.72% compared to 3.06% in Q2FY25. The global NIM also dipped by 32 basis points (bps) at 2.60% (2.92%).

Ashok Chandra, MD & CEO of Punjab National Bank, said, “Our robust recovery momentum and disciplined underwriting ha

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