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One of India's largest state-owned public sector banks, offering retail, corporate and agricultural banking nationwide.
One of India's largest state-owned public sector banks, offering retail, corporate and agricultural banking nationwide.
Earns the gap between what it charges on loans and pays on deposits, funded by a large base of low-cost savings accounts across India, with fees a smaller add-on. The Indian government owns the majority and has put in fresh capital. It merged with Oriental Bank of Commerce and United Bank of India in 2020.
In one line: A state-owned mid-size US regional bank.
Moat: narrow (scale, regulatory licence, distribution). A large legacy branch network and government backing provide deposit stability, though it has faced past asset-quality stress.
Headquarters: New Delhi, India · Founded: 1894 · Employees: 103,184
Size Punjab National Bank (PNB.NS) is an India Financials company (Major Banks) with a market value of $15.4B, the 69th largest of 1,058 India companies the cockpit tracks. Shares closed at ₹126.55 on 6 Nov 2026.
Performance Over six months the shares gained 16.0%, against +0.8% for the median peer and 0.0% for the India market (cap-weighted) — 4th highest of 21 in its peer set.
Growth Revenue grew 2.9% over the last twelve months (peer median +0.8%); the operating margin is 46.1% (peer median 38.2%).
Valuation It trades at 0.90× book value against a peer median of 1.34× (9th cheapest of 21).
Price implies The share price implies a return on equity of about 17.0%; Punjab National Bank delivers 15.1%, so the price asks more than the business earns today.
Next results Next results expected around 29 Jan 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | ₹1.52T | ₹1.50T | ₹1.39T | ₹1.23T | ₹1.01T |
| Revenue growth | — | +8% | +13% | +22% | — |
| Net income | ₹229B | ₹184B | ₹185B | ₹91.1B | ₹33.5B |
| Free cash flow | n/a | ₹164B | ₹48.4B | ₹280B | ₹251B |
| Capital expenditure | n/a | ₹16.2B | ₹16.0B | ₹11.4B | ₹5.52B |
| Total debt | ₹1.38T | ₹2.31T | ₹2.05T | ₹1.42T | ₹1.24T |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE |
|---|---|---|---|---|---|---|
| Punjab National Bank PNB.NS | $15.4B | +16% | +3% | 15% | 0.90× | 17.0% |
| Bank of Baroda BANKBARODA.NS | $13.7B | -7% | +8% | 12% | 0.74× | 13.2% |
| Canara Bank CANBK.NS | $11.8B | -10% | -7% | 17% | 0.87× | 17.1% |
| Union Bank of India UNIONBANK.NS | $15.1B | +12% | 0% | 16% | 0.99× | 16.4% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | PNB.NS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +10.4% | +3.1% | 2nd highest of 21 |
| 6-month return | +16.0% | +0.8% | 4th highest of 21 |
| Return on equity | 15.1% | 11.5% | 9th highest of 21 |
| Price / book | 0.90× | 1.34× | 9th cheapest of 21 |
| Trailing P/E | 6.4× | 10.5× | 5th cheapest of 18 |
| ROE the price implies | 17.0% | 13.1% | 6th most demanding of 21 |
| ROE delivered | 15.1% | 12.2% | 9th highest of 19 |
| Company | Market | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE | Delivered ROE |
|---|---|---|---|---|---|---|---|---|
| Punjab National Bank PNB.NS | India | $15.4B | +16% | +3% | 15% | 0.90× | 17.0% | 15.1% |
| FinecoBank FBK.MI | Italy | $15.4B | +3% | +5% | 32% | 5.71× | 43.8% | 32.3% |
| Union Bank of India UNIONBANK.NS | India | $15.1B | +12% | 0% | 16% | 0.99× | 16.4% | 16.3% |
| Hua Xia Bank 600015.SS | China | $15.7B | -5% | -1% | 8% | 0.32× | 1.8% | 7.6% |
| Bankinter BKT.MC | Spain | $14.5B | +4% | 0% | 18% | 1.87× | 12.4% | 17.6% |
| WooriFinancialGroup 316140.KS | South Korea | $17.0B | -5% | +37% | 10% | 0.71× | 4.8% | n/a |
| Bank of Baroda BANKBARODA.NS | India | $13.7B | -7% | +8% | 12% | 0.74× | 13.2% | 11.8% |
| Banco Santander (Brasil) S.A. Sponsored ADR BSBR | United States | $17.4B | -20% | +18% | 10% | 2.10× | 12.6% | 10.2% |
| mBank MBK.WA | Poland | $17.7B | +37% | -1% | 19% | 3.05× | 37.6% | 19.1% |
| First Financial 2892.TW | Taiwan | $17.8B | +44% | +5% | 11% | 1.95× | 5.8% | 10.9% |
| Shanghai Rural Commercial Bank 601825.SS | China | $13.1B | +1% | -8% | 10% | 0.65× | 2.5% | 9.6% |
| Indian Bank INDIANB.NS | India | $12.9B | +5% | +12% | 16% | 1.40× | 18.5% | 16.1% |
| Banca Mediolanum BMED.MI | Italy | $19.1B | +17% | -34% | 30% | 3.73× | 35.6% | 30.1% |
| Banco de Sabadell SAB.MC | Spain | $19.2B | +8% | -35% | 5% | 1.40× | 15.5% | 5.1% |
| Banco de Chile Sponsored ADR BCH | United States | $19.6B | +7% | +4% | 22% | 3.15× | 13.6% | 21.8% |
| Canara Bank CANBK.NS | India | $11.8B | -10% | -7% | 17% | 0.87× | 17.1% | 16.8% |
| China Zheshang Bank 2016.HK | Hong Kong | $11.5B | -3% | +1% | 7% | 0.31× | 3.9% | 7.3% |
| China Minsheng Banking 600016.SS | China | $21.3B | -8% | -10% | 4% | 0.26× | 1.6% | 4.5% |
| KeyCorp KEY | United States | $22.0B | -3% | +9% | 11% | 1.39× | 13.1% | 11.2% |
| Hanafinancialgr 086790.KS | South Korea | $22.5B | -7% | +39% | 10% | 0.79× | 5.3% | n/a |
| Banco BPM BAMI.MI | Italy | $22.8B | +1% | -4% | 12% | 1.30× | 13.5% | 12.5% |