Punjab National Bank (PNB) is one of the largest public sector lenders in India. Established on May 19, 1894, in Lahore, the bank opened for business a year later on April 12. It started operations with an authorised capital of ₹2 lakh, of which the working capital was ₹20,000. As many as 9 banks have been merged with PNB since its inception.
Punjab National Bank, along with 13 other major commercial banks, was nationalised on July 19, 1969.
Over the years the PNB has emerged as a leading player in the banking and financial services industry in India and abroad. It is the second largest PSU bank in India after the State Bank of India. The government holds a 73.15% stake in PNB (as of September 30, 2023). The bank had a market capitalisation of over ₹99,700 crore, as of December 15, 2023. PNB share price has surged 123% in the last three years.
PNB business operations
New Delhi-headquartered PNB offers a variety of financial services. It has an extensive portfolio, including retail and commercial banking, agricultural banking and international banking.
PNB provides products such as credit and debit cards, corporate and retail loans, cash management services, deposit services and trade finance. In the international domain, the bank offers services like foreign currency accounts, money transfers, letters of guarantee, world travel cards and specialised solutions for non-resident Indians (NRIs). PNB has forayed into merchant banking, mutual funds, depository services, insurance, and e-services.
PNB had a total of 51,519 delivery channels with a network of 10,092 domestic branches, two international branches, 12,645 ATMs and 28,782 business correspondents, as of September 2023.
The bank has established a diverse portfolio of domestic subsidiaries. PNB Gilts Limited, a listed subsidiary in which PNB has a 74.07% stake, handles the trading of government securities, treasury bills, and other money market instruments.
PNB Investment Services Limited oversees merchant banking activities, including project appraisal, loan syndication, and the execution of IPOs/FPOs/QIPs.
PNB Cards and Services Limited is another wholly-owned subsidiary of the banks, which offers credit card services.
PNB operates two overseas subsidiaries – PNB International Limited in London and Druk PNB Bank Limited in Bhutan. The bank also has a joint venture in Nepal named Everest Bank Limited. The lender has representative offices in neighbouring Myanmar and Bangladesh.
PNB has expanded its international presence with two branches in Gift City, Ahmedabad, and Dubai.
PNB Financial Highlights
- Revenue: PNB reported revenue of ₹1,49,463.30 crore in FY26 vs ₹1,40,456.81 crore in FY25. It showed an increase of 6.41% on a yearly basis.
- Operating Profit: PNB reported an operating profit of ₹27,081.66 crore in FY26 vs ₹26,052.54 crore in FY25. It showed an increase of 3.95% on a year-on-year basis.
- Net Profit: PNB reported a net profit of ₹17,095.77 crore in FY26 vs ₹17,439.63 crore in FY25. It showed a decrease of 1.97% on a yearly basis.
PNB Quarterly Result Highlights
- PNB reported revenue of ₹36,878.02 crore in Mar 2026, compared with ₹37,902.66 crore in Dec 2025, representing a decrease of 2.70% on a quarter-on-quarter (QoQ) basis.
- PNB reported an operating profit of ₹7,141.28 crore in Mar 2026, compared with ₹6,439.88 crore in Dec 2025, representing an increase of 10.89% on a quarter-on-quarter (QoQ) basis.
- PNB reported a profit of ₹5,225.12 crore in Mar 2026, compared with ₹5,189.79 crore in Dec 2025, reflecting an increase of 0.68% on a QoQ basis.
- The earnings per share (EPS) of PNB stood at ₹16.00 during Mar 2026.
