Independent Bank (INDB) Q3 2026 Earnings Call Transcript
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Punjab National Bank reported improved quarterly profit, margins, and asset quality for the second quarter of fiscal 2027. Net profit rose 12.8% year on year to INR 5,532 crore, while net interest income increased 10.8% to INR 11,601 crore. Core operating profit grew 29.4% compared to the previous year, a trend management attributed to digital growth, fee income, and balance-sheet cleanup.
The bank's domestic net interest margin improved to 2.74%, exceeding stated guidance. Asset quality also strengthened as gross NPA fell to 2.55% and net NPA reached 0.25%.
Investing.com reports that the stock has seen little change in recent trading, with shares at $75.85 near the top of a 52-week range between $50 and $79.5. According to InvestingPro analysis, the bank appears undervalued as the stock is trading below its Fair Value estimate.
Brief written by urgent.news from Nasdaq Markets, Investing.com — 2 reports on this story. Machine-written — may contain errors; check the original before relying on it.
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