Earns revenue from interest on loans, income from its treasury investment portfolio, fees from retail and corporate banking services, and ancillary banking activities. For the year-to-date period ending 31 December 2024, Corporate/Wholesale Banking contributed 42.2% of segment revenue (₹42,743.52 crore), Treasury Operations 28.0% (₹28,384.80 crore), Retail Banking 27.8% (₹28,152.35 crore) and Other Banking Operations 2.1% (₹2,084.08 crore). On a consolidated basis as of Q1 FY27, gross global business stood at ₹29.98 lakh crore, with advances of ₹12.73 lakh crore growing 12.7% year-on-year and deposits of ₹17.25 lakh crore growing 8.5%. Lending rates are anchored to MCLR ranging from 8.00% (overnight) to 9.10% (higher tenor), with the Repo-Linked Lending Rate at 8.10% and Base Rate at 9.50%. The principal cost driver is interest paid on deposits, which management describes as sticky, and the bank is mobilising USD 2.5 billion in FCNR(B) funds to lower funding costs. The Government of India holds 70.08% of paid-up capital, and the board has approved raising up to USD 1.5 billion in foreign currency through an MTN Programme at its GIFT City IFSC Banking Unit. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Corporate/Wholesale Banking (42%), Treasury Operations (28%), Retail Banking (28%), Other Banking Operations (2%). Public sector commercial bank, interest-rate sensitive, with improving asset quality
| ₹ crore · consolidated | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | — | — | — | — | — |
| EBITDA (ex other income) | — | — | — | — | — |
| margin % | — | — | — | — | — |
| Owners' profit | 3,861 | 3,348 | 9,107 | 18,480 | 18,393 |
| EPS, as reported (₹) | 3.53 | 3.04 | 8.27 | 16.42 | 16.00 |
| ROE % · ROCE % | — · — | — · — | — · — | — · — | — · — |
| Debt / equity (x) | — | — | — | — | — |
| Cash from operations | 19,932 | 22,592 | (27,939) | 22,075 | 25,635 |
| Capex | — | — | — | — | — |
| ₹ crore | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | — | — | — | — | — | — | — | — |
| Profit before tax | 6,729 | 7,055 | 6,518 | 6,973 | 6,527 | 6,440 | 7,141 | 7,108 |
| Net profit | 4,432 | 4,649 | 4,643 | 1,832 | 4,849 | 5,190 | 5,225 | 5,339 |
| EPS (₹) | 4.27 | 4.18 | 4.34 | 1.84 | 4.46 | 4.83 | 4.83 | 5.06 |
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| STATE BANK OF INDIA | 9,19,091 | 10.7 | — | — | — | — | — | — |
| UNION BANK OF INDIA | 1,35,955 | 6.6 | — | — | — | — | — | — |
| PUNJAB NATIONAL BANK ◆ | 1,34,180 | 6.1 | — | — | — | — | — | — |
| BANK OF BARODA | 1,23,295 | 6.8 | — | — | — | — | — | — |
| Date · filing | Category | Importance | 1-day % | 5-day % |
|---|---|---|---|---|
| 11 Sept 2026 · Profile disclosure for Shri Divesh Sehara, new Government Nominee Director on PNB Board | management changes | medium | — | — |
| 10 Sept 2026 · PNB nominates Shri Divesh Sehara as Director on Board | management changes | medium | — | — |
| 9 Sept 2026 · Bank unions announce strike in September and October 2026 | capex operations | medium | — | — |
| 1 Sept 2026 · PNB outcome of investor and analyst meet held on 1 September 2026 | investor communications | low | — | — |
| 1 Sept 2026 · PNB EGM notice: Sept 25 meeting to elect one Shareholder Director | board shareholder meetings | low | — | — |
| 1 Sept 2026 · PNB appoints Vijay Kumar in charge of Group Business Management | management changes | medium | — | — |
| 1 Sept 2026 · PNB GM superannuates, another GM takes charge internally | management changes | medium | — | — |
| 31 Aug 2026 · PNB revises MCLR rates; 3-month rate up 5 bps effective 1 Sept 2026 | general | low | — | — |
| 27 Aug 2026 · PNB schedules investor meetings for 1 September 2026 | board shareholder meetings | low | — | — |
| 27 Aug 2026 · PNB representatives to attend Elara India Dialogue 2026 on Sept 1 | board shareholder meetings | low | — | — |
| Where a broker report shows | This document shows | Why |
|---|---|---|
| A rating (BUY / ADD / REDUCE / SELL) |
| INDIAN BANK |
| 1,14,963 |
| 9.0 |
| — |
| — |
| — |
| — |
| — |
| — |
| CANARA BANK | 1,12,476 | 5.7 | — | — | — | — | — | — |
| BANK OF MAHARASHTRA | 64,763 | 8.6 | — | — | — | — | — | — |
| INDIAN OVERSEAS BANK | 63,759 | 10.8 | — | — | — | — | — | — |
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 6.1 | 7.7 | 3 of 12 | 82% |
| Profit growth | 191.4 | 28.3 | 1 of 12 | 100% |
| Market cap | 134180 | 88620 | 3 of 12 | 82% |
| A state: the latest filed quarter and the measured reactions |
| an event is a fact; a rating is an opinion that requires SEBI RA registration |
| A target price and upside | The current price and the multiples against the group | a target is a forecast; a multiple is a measurement |
| Estimate years marked E | More audited years; no estimates | MarketPing publishes no forecasts — your own model lives on the Models page |
This document is a statistical summary of publicly filed information and market data, prepared by software from primary sources: SEBI results XBRL filed with BSE and NSE, LODR disclosures, shareholding patterns, exchange price data. It contains no research recommendation, no price target and no opinion on the merits of any security, and is not a research report within the meaning of the SEBI (Research Analysts) Regulations, 2014, Regulation 2(1)(w)(vii). Financial statements are as filed (consolidated where the company files consolidated results). Ratios are computed over filed lines. Where a figure is unavailable the table shows a dash rather than an estimate. The business brief is written by MarketPing's reader from the annual report and checked against it; no figure in a table was generated by a model. Nothing here constitutes investment advice, an offer or a solicitation; readers should consult a SEBI-registered adviser before acting. MarketPing is not a SEBI-registered intermediary.
