Shares of Punjab National Bank (PNB) fell sharply on Thursday after the public sector lender released its Q1 FY26 business update. Despite posting steady growth in global and domestic business metrics, investors booked profits after a nine-day rally.

As of 1:50 PM IST, the PNB share price was trading 2.68 per cent lower at Rs 110.80 on the NSE, after touching an intraday low of Rs 110.60, its steepest fall since May 8, 2025. This also marks the end of a strong nine-session winning streak.

The stock saw heavy trading volumes, at 2.2 times the 30-day average, according to Bloomberg. Despite today's decline, PNB shares are up 8 per cent in 2025, slightly outperforming the Nifty 50, which has gained 7.6 per cent year-to-date. PNB’s market capitalisation currently stands at Rs 1.2 trillion, according to BSE data.

Punjab National Bank Q1 FY26 Business Highlights

In its provisional update, PNB reported:

1) Global business rose 11.6 per cent year-on-year (YoY) to Rs 27.19 lakh crore, up from Rs 26.83 lakh crore in March 2025.

2) Domestic business increased 11.1 per cent YoY to Rs 26.17 lakh crore.

3) Global deposits grew 12.8 per cent YoY to Rs 15.89 lakh crore, up 1.4 per cent quarter-on-quarter.

4) Domestic deposits rose 12.2 per cent YoY to Rs 15.37 lakh crore.

5) Global advances jumped 9.9 per cent YoY to Rs 11.31 lakh crore.

6) Domestic advances rose 9.7 per cent YoY to Rs 10.80 lakh crore.

7) The global credit-deposit (CD) ratio stood at 71.20 per cent, slightly lower than 73.05 per cent a year earlier.

PNB has also emerged as a top-performing public sector bank for FY25, with net profit surging 102 per cent to Rs 16,630 crore, up from Rs 8,245 crore in FY24 — the highest growth among 12 PSU banks.