New Delhi | January 19, 2026
Punjab National Bank (PNB) and Indian Railway Finance Corporation (IRFC) announced strong financial results for the quarter ending December 2025, reporting notable growth in profitability driven by improved asset quality and controlled expenditure.
Government-owned lender PNB posted a 13% year-on-year rise in net profit, reaching ₹5,100 crore, compared with ₹4,508 crore in the same quarter last year. The bank attributed the gain primarily to a reduction in bad loans and improved operational performance.
PNB Managing Director and CEO Ashok Chandra said this marks the highest-ever quarterly profit for the bank, adding that the institution aims to consistently achieve net earnings above ₹5,000 crore in every quarter going forward.
Total income rises to ₹37,253 crore
In its regulatory filing, PNB reported that total income increased to ₹37,253 crore, up from ₹34,752 crore a year earlier.
Interest income also climbed from ₹31,340 crore to ₹32,231 crore, reflecting steady credit growth.
However, the bank witnessed a dip in its net interest income (NII).
NII for Q3 FY26 stood at ₹10,533 crore, down 4.5% from ₹11,032 crore in the corresponding quarter last year.
Despite this, operating profit improved to ₹7,481 crore, compared with ₹6,621 crore in Q3 FY25.
IRFC Net Profit Rises 10.51% in Q3
State-run Indian Railway Finance Corporation Ltd (IRFC) reported a 10.51% increase in net profit, reaching ₹1,802 crore for the October–December quarter.
The NBFC, operating under the administrative control of the Ministry of Railways, had reported a net profit of ₹1,631 crore in the same quarter last year.
Total expenditure falls to ₹4,917 crore
IRFC stated that its total income slightly dipped to ₹6,719 crore, from ₹6,766 crore a year earlier.
The Mini-Ratna company saw its total expenditure drop sharply to ₹4,917.04 crore, compared with ₹5,135.7 crore in the previous year’s corresponding quarter.
IRFC’s total assets rose to ₹52,046 crore at the end of December 2024, up from ₹47,443 crore in the same period last year, underscoring strong financial fundamentals and growing operational scale.
