Customers interact with digital banking kiosks at a Punjab National Bank branch.
Punjab National Bank (PNB) has announced a significant 14% year-on-year increase in its net profit for the fourth quarter of the fiscal year 2026, reaching ₹5,225 crore. This financial performance underscores the bank’s strong operational momentum, particularly its success in expanding digital banking services.
The bank has set an ambitious target to grow its digital loan book to ₹2 lakh crore by fiscal year 2027. This strategic objective is supported by the bank’s current digital lending capabilities, which have seen one in three loans being sanctioned digitally. PNB has already surpassed ₹1 lakh crore in digital sanctions, indicating a substantial shift towards digital channels for customer engagement and service delivery.
Further highlighting the digital transformation, PNB reported that over 95% of its total transactions are now conducted digitally. This high adoption rate reflects customer preference and the bank’s investment in scalable digital infrastructure. Looking ahead, PNB anticipates continued growth in retail term deposits and projects a credit growth of 12-13% for fiscal year 2027.
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