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PNB and Bank of India began FY27 with double-digit credit growth, widening loan availability while placing fresh pressure on deposit mobilisation and funding costs nationwide.
Key Highlights
Punjab National Bank and Bank of India disclosed provisional April-June figures in exchange filings on 2 July 2026. NDTV Profit reported PNB’s 10.32% global business growth, while Financial Express reported Bank of India’s 16.58% rise.
More credit can help households, farmers and firms. Advances still grew faster than deposits, which may raise funding costs and increase competition for savings.
The figures cover the quarter ended 30 June 2026.
PNB’s global credit-deposit ratio rose from 71.09% to 73.92%. The Bank of India’s retail, agriculture, and MSME advances grew by 19.69% to ₹3,92,647 crore, now nearly 58% of domestic advances.
A larger RAM portfolio can support crop finance, shop expansion, vehicle loans and housing credit. Approval and pricing still depend on income, collateral, credit history and bank funding costs.
A LoansJagat calculation using the disclosed figures shows PNB added ₹1,45,138 crore in advances against ₹1,35,461 crore in deposits, about ₹107 in loans for every ₹100 deposited. Bank of India added about ₹101 per ₹100. Retail deposits now carry greater weight.
Earlier targets show how quickly both banks moved.
PNB finished ₹124 crore below ₹30 lakh crore. Bank of India opened FY27 above its credit guidance and deposit range.
In a Reuters report from July 30, 2025, PNB CEO Ashok Chandra commented on business credit: "It will largely be project finance-based. So, there will be financing for a lot of business activities concerning infrastructure, renewable energy, data centers, and real estate."
On Business Standards, Bank of India CEO Rajneesh Karnatak said on June 9, 2026, that the targets for June are on track. He believes that retail deposits, taking a careful approach to it, and enhanced measures to recover will result in reduced margin pressure and new slippages.
Bank of India led credit growth, while PNB came within ₹124 crore of ₹30 lakh crore. Deposit mobilisation and asset quality will decide whether the expansion supports earnings.
Did PNB Cross ₹30 Lakh Crore?
No. Provisional global business was ₹29,99,876 crore on 30 June 2026.
Are These Final Results?
No. Profit, margins and bad-loan figures will follow in the detailed Q1 results.
Why Is PNB’s Share Price Falling Along With Other Banking Stocks?
PNB shares are falling due to profit booking, weaker banking sentiment and slower deposit growth, which may pressure funding costs and margins.
Is It the Right Time to Invest in PNB Stock?
PNB may suit long-term investors comfortable with PSU banking risks. Loan growth and asset quality have improved, but slower deposit growth could pressure margins. A staggered investment is safer than buying all at once.
