Punjab National Bank shares jumped about 4% after its Q4 FY26 net profit rose 14% and the bank declared a Rs 3 per equity dividend. Brokerages largely kept “Buy” calls, but several adjusted—often reduced—target prices, signaling caution over what the next earnings run could look like despite the strong quarter.
Punjab National Bank is raising cybersecurity spending by more than 50% this financial year, accelerating purchases of security tools and switching to continuous audits. The move targets rising digital threats, including those amplified by advanced AI models, as regulators and banks assess preparedness for AI-related risks and vulnerabilities across banking systems.
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Punjab National Bank reported a 14% year-on-year rise in Q4 net profit to ₹5,225 crore, driven by expanding digital operations. PNB says digital transactions now exceed 95% of total activity, with over ₹1 lakh crore in digital sanctions and one in three loans approved online. For FY27, it targets 12–13% credit growth and a ₹2 lakh crore digital book.
PNB reported a 14% year-on-year jump in consolidated net profit to Rs 5,225 crore, driven by improved performance at the bank. However, net interest income (NII) fell 3.5% to Rs 10,380 crore from Rs 10,757 crore a year ago, signaling margin pressure even as bottom-line gains continue.
Punjab National Bank has teamed up with Kiwi to launch the RuPay-based PNB Kiwi Credit Card, bringing digital onboarding, UPI integration, and 0.5%–1.5% cashback. The bank says the partnership targets faster credit access for India’s expanding UPI users, with an emphasis on semi-urban and rural customers who are increasingly adopting UPI payments.
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