Transcript of Earnings Call for QE 30.06.2026

pInt> Amrit Mahotsav ...the name you can BANK upon! Share Department, Board & Coordination Division, Head Office Plot No.4 Sector IO, Dwarka, New Delhi-llO075, E-mail: hQ sd@pnb.bqnk.in Scrip Code : PNB Scrip Code : 532461 National Stock Exchange of India Limited BSE Limited Exchange Plaza” Phiroze Jeejeebhoy Towers Bandra – Kurla Complex, Bandra (E) DalaI Street, Mumbai - 400 051 Mumbai – 400 001 Date: 24.07.2026 Dear Sir(s), Reg.: Transcript of the Earnings Call with Analysts/Investors on Unaudited / Reviewed Financial Results for the quarter ended 30th June, 2026 Pursuant to Regulation 30 read with 15(b)(iii) Para A Part A of Schedule III of the SEBI (LODR) Regulations, 2015, please find enclosed the transcript of the Earnings Call with the Analysts/ Investors on the Unaudited / Reviewed Financial Results for the quarter ended 30th June, 2026, held on 18.07.2026. The same is also available at https://pnb.bank.in/financials-current.html The above is for your information and record, please. Thanking you, (Bikramjit Shorn) Company Secretary Enclosed: As above dana 69aFI &M punjab national bank uvrq61zlf6ia, nic d.4, Ma-lo, atm, q{ fM- 1 lo075 pnb.bank.in T: 01 1 28075000. 28045000 Head Office: Plot No. 4, Sector - 10, Dwarka. New Delhi 1 10075 India (B8({rDq$6)pnbindia (@ www.pnb.bank.in naia aA\ qlala a\\• m punjab national bank wtt+ Tr xdk ! ...the name you can BANK upon ! “Punjab National Bank Q1 FY27 Earnings Conference Call” July 18, 2026 MANAGEMENT: MR. ASHOK CHANDRA – MANAGING DIRECTOR AND CHIEF EXECUTIVE OFFICER – PUNJAB NATIONAL BANK MR. M. PARAMASIVAM – EXECUTIVE DIRECTOR – PUNJAB NATIONAL BANK MR. AMIT KUMAR SRIVASTAVA – EXECUTIVE DIRECTOR – PUNJAB NATIONAL BANK MODERATOR: MS. PALAK SHAH – ELARA SECURITIES PRIVATE LIMITED Page 1 of 17 Punjab National Bank July 18, 2026 Moderator: Ladies and gentlemen, good day and welcome to Punjab National Bank Q1 FY27 Earnings Conference Call hosted by Elara Securities Private Limited. As a reminder, all participant lines will be in the listen-only mode and there will be an opportunity for you to ask questions after the presentation concludes. Should you need assistance during the conference call, please signal an operator by pressing star then zero on your touchtone phone. Please note that this conference is being recorded. I now hand the conference over to Ms. Palak Shah from Elara Securities Private Limited. Thank you and over to you, ma'am. Palak Shah: Hello everyone and welcome to Q1 FY27 Earnings Conference Call of Punjab National Bank. Today we have with us the management of the bank headed by Mr. Ashok Chandra, MD and CEO; Mr. Paramasivam, Executive Director; and Mr. Amit Kumar Srivastava, Executive Director. With this introduction, I would like to hand over the call to Mr. Sunil Kumar Goyal, Chief General Manager, Strategic Management and Economic Advisory Division, post which the MD sir will address the conference. Thank you and over to you, sir. Sunil Kumar Goyal: Good afternoon. I am reading out the disclaimer. The statements made during this meet may contain forward-looking statements apart from historical information. These forward-looking statements involve a number of risks, uncertainties, and other factors that could cause actual results to differ materially from those suggested by the forward-looking statements. Punjab National Bank undertakes no obligation to update forward-looking statements to reflect events or circumstances after the present date. Thank you and now I am handing over to our MD sir for opening remarks. Ashok Chandra: Good afternoon, ladies and gentlemen. We have started the financial year on a strong note, building on the momentum of the last few years. Our performance this quarter reflects balanced and sustainable growth across all key parameters: business expansion, asset quality, profitability, operational efficiency, and customer service. We remain firmly on track to achieve the guidance and strategic priorities for financial year 26-27. Our growth strategy continues to be driven by the retail, agriculture, and MSME segments. We are expanding our customer franchise through focused acquisition, digital-first delivery, and a calibrated expansion of our branch network. During the year, we plan to open 250 new branches with a special focus on strengthening our presence in the southern and western region. Technology and digital transformation remain at the heart of our growth strategy. We continue to invest in digital capabilities, automation, and analytics to enhance customer experience, improve productivity, and build a scalable future-ready banking franchise. Our asset quality continues to strengthen, supported by disciplined underwriting, robust monitoring, and focused recovery efforts. At the same time, our emphasis on business quality and operational efficiency has translated into steady growth in both operating profit and net profit. With this brief overview, let me now take you through the bank's performance for the quarter. First, I will touch upon the business growth. The quarter ended June 2026 marked another period of consistent financial performance driven by balanced growth and sustained strategic Page 2 of 17 Punjab National Bank July 18, 2026 momentum. Our gross global business reached to INR29.98 lakh crores, making a healthy 10.2% Y-o-Y growth. Our advances grew by 12.7% Y-o-Y to INR12.73 lakh crores despite a INR22,411 crores low- yielding IBPC exposure reduction, largely from the retail portfolio. Excluding the impact of the IBPC book, core advances recorded a strong 15.4% Y-o-Y growth, underscoring sustained credit demand and healthy business momentum. Our core RAM book has witnessed decent growth with retail book, excluding IBPC, growing at 17.5%. MSME is growing at 19.8% and agri priority sector at 16.4%. Credit growth momentum is expected to remain strong backed by a robust sanction pipeline. The bank sanctioned more than INR95,500 crores of credit facilities during first quarter of FY2026-27and total of INR1.38 lakh crores is pending for disbursement. Global deposits of the bank have reached to INR17.25 lakh crores, up 8.5% on the Y-o-Y basis. Our CASA strategy is centered on deepening individual saving account balance, which grew by 9.3% Y-o-Y, reflecting steady customer acquisition and stronger customer engagement. The credit-deposit ratio increased to 73.8%. However, it still provides adequate balance sheet flexibility to support credit expansion while allowing the bank to remain selective in raising higher cost deposits. Now I will touch the profitability part. Improving profitability remains a key management priority. Profitability is a core agenda item in all our business review meetings with field functionaries and has been incorporated into their performance evaluation framework. In the previous meets, I informed that we will see Q-o-Q improvement in the margins in FY 2026-27 and we have started to witness the same. Our domestic NIM, which was 2.61% last quarter, it has gone to 2.64%. And the global NIM was 2.47% in the Q4, which has gone to 2.50%. I am confident to witness healthy Q-o-Q improvement in margins in the coming quarters and achieving our guidance for the financial year '26-'27. Our NII, which was negative in previous financial year, has also turned positive in the Q1 and has remained at INR10,798 crores with sequential growth of 4%. Operating profits of the bank is also increasing on a sequential basis. Operating profits for the Q1 of this year is INR7,519 crores as against the INR7,081 crores of Q1 of last year, witnessing a growth rate of 6.2%. Our core operating profit, excluding recovery from written-off accounts and treasury gains, have witnessed a Y-o-Y growth of 35.7%. Net profit of the bank for Q1 stands at INR5,253 crores. Now I will touch upon the efficiency ratio. Our return on asset is consistently above 1% and is at 1.04% in Q1 of this financial year. Our return on equity stands at 17.33%. EPS is 4.57, not [Showing first 8,000 characters — download PDF for full document]