meet liquidity needs of the bank at all times and basic funding from retail and small business customers. The retail and small business customers contribute about 62.78% of total deposit portfolio of the bank, which attracts low run-off factor of 5/10% as on 31.03.2026.
Composition of High-Quality Liquid Assets (HQLA)
HQLAs comprises of Level 1 and Level 2 assets. Level 2 assets are further divided into Level 2A and Level 2B assets, keeping in view their marketability and price volatility.
Level-1 assets are those assets which are highly liquid. For the Year ended March 31, 2026, the Level-1 asset of the bank includes Cash in Hand, Excess CRR, Government Securities in excess of minimum SLR, Marketable securities issued or guaranteed by foreign sovereign, MSF and FALLCR totalling to '3,38,685.50 Cr (based on simple average of daily data points.)
Level-2A & 2B assets are those assets which are less liquid, and their weighted amount comes to '6,385.20 Cr (based on simple average of daily observations). Break-up of daily observation Average HQLA during the year ended March 31, 2026 is given hereunder:
2.b Liquidity Coverage Ratio (LCR)
Qualitative Disclosure On Liquidity Coverage Ratio
The bank has implemented RBI guidelines on Liquidity Coverage Ratio (LCR) from 1st January 2015. The LCR standard aims to ensure that a bank maintains an adequate level of unencumbered High Quality Liquid Assets (HQLAs) that can be readily converted into cash at little/no loss of value to meet its liquidity needs for a 30-calendar daytime horizon under a liquidity stress scenario.
LCR has two components:
i. The value of the stock of High-Quality Liquid Assets (HQLA)-The Numerator.
ii. Total Net Cash Outflows:Total expected cash outflows minus Total expected cash inflows, in stress scenario, for the subsequent 30 calendar days - The denominator.
For Q4 FY'2025-26, the daily average LCR was 125.76% (based on simple average of daily observations) at consolidated level, as against the regulatory requirement of 100%.
The main drivers of LCR of the bank are High Quality Liquid Assets (HQLAs) to
Concentration of Funding Sources
This metric includes those sources of funding, whose withdrawal could trigger liquidity risks. It aims to address the funding concentration of bank by monitoring its funding requirement from each significant counterparty and each significant product/ instrument. As per RBI guidelines, a "significant counterparty/ Instrument/ product" is defined as a single counterparty/ Instrument/ product or group of connected or affiliated counterparties accounting in aggregate for more than 1% of the bank's total liabilities.
The bank has no significant counterparty (deposits/borrowings) as at 31.03.2026. Top 20 depositors of the bank constitute 4.45% of bank's total Deposit as on March 31, 2026. The significant product/ instrument includes Saving Fund, Current deposit and Core Term Deposit the funding from which are widely spread and cannot create concentration risk for the bank.
Derivative exposure
The bank has low exposure in derivatives having negligible impact on its liquidity position.
Currency Mismatch
As per RBI guidelines, a currency is considered as "significant" if the aggregate liabilities denominated in that currency amount to 5 per cent or more of the bank's total liabilities. In our case, only USD (15.67% of bank's total liabilities) falls in this criteria whose impact on total outflows in LCR horizon can be managed easily as the impact is not large considering the size of balance sheet of the bank.
Degree of centralization of liquidity management and interaction between group's units
Punjab National Bank (PNB) has established a Group Risk Management Philosophy and Policy that serves as a guiding framework for all its group entities. This policy is central to how the bank manages risks across the entire group.
At the group level, PNB maintains a zero-tolerance stance toward defaulting on payment obligations. To uphold this commitment, the bank ensures that it holds an adequate liquidity buffer capable of withstanding potential liquidity crises.
PNB also adheres to regulatory standards by maintaining both the Liquidity Coverage Ratio (LCR) and the Net Stable Funding Ratio (NSFR) at a consolidated level, encompassing the bank and its subsidiaries, in line with its defined risk appetite.
While each group entity is responsible for managing its own liquidity independently, PNB has implemented a Group-wide Contingency Funding Plan. This plan is designed to address liquidity needs across the group during periods of financial stress, ensuring coordinated support and resilience.
2.c Net Stable Funding Ratio (NSFR)
Qualitative Disclosure on Net Stable Funding Ratio
The Net Stable Funding Ratio (NSFR) and Liquidity Coverage Ratio (LCR) are significant components of the Basel III reforms. The LCR guidelines which promote short term resilience of a bank's liquidity profile have been issued vide circular DOR. LRG.No.82/13-10-001/2025-26, dated November 28, 2025. The NSFR guidelines on the other hand ensure reduction in funding risk over a longer time horizon by requiring banks to fund their activities with sufficiently stable sources of funding in order to mitigate the risk of future funding stress.
In the Indian context, the guidelines for NSFR were effective from October 1, 2021. The NSFR is defined as the amount of available stable funding relative to the amount of required stable funding. "Available stable funding" (ASF) is defined as the portion of capital and liabilities expected to be reliable over the time horizon considered by the NSFR, which extends to one year. The amount of stable funding required ("Required stable funding") (RSF) of a specific institution is a function of the liquidity characteristics and residual maturities of the various assets held by that institution as well as those of its off-balance sheet (OBS) exposures. The run-off factors for the stressed scenarios are prescribed by the RBI, for various
categories of liabilities (viz., deposits, unsecured and secured wholesale borrowings), undrawn commitments, derivative-related exposures, and offset with inflows emanating from assets maturing within the same time period. The minimum NSFR requirement set out in the RBI guideline for the standalone Bank and for Group effective October 1, 2021, is 100%.
The PNB on a consolidated basis at 31st March, 2026 maintained Available Stable Funding (ASF) of ' 14,74,282.00
Crores against the RSF requirement of ' 11,88,851.22 Crores. The NSFR for the FY ended March 31,2026, is at 124.01%.
The Available Stable Funding (ASF) is primarily driven by the total regulatory capital as per Basle III Capital Adequacy guidelines stipulated by RBI and deposits from retail customers, small business customers and non-financial corporate customers. Under the Required Stable Funding (RSF), the primary drivers are unencumbered performing loans with residual maturities of one year or more.
3.d Details of sales made out of HTM
In any financial year, the carrying value of investments sold out of HTM shall not exceed 5% of the opening carrying value of the HTM portfolio. Any sale beyond this threshold shall require prior approval from DoS, RBI. The 5% threshold referred to above shall exclude-
i. The one-time transfer of securities to/from HTM category with the approval of Board of Directors undertaken by banks at the beginning of the accounting year.
ii. Direct sale from HTM for bringing down SLR holdings in HTM category consequent to a downgrade revision in SLR requirements by RBI.
iii. Sales to the Reserve Bank of India under liquidity Management operations of RBI like Open Market Operations (OMO), and the Government Securities Acquisition Program (GSAP).
iv. Repurchase of Government Securities by Government of India from banks under buyback of switch operation.
v. Repurchase of State Development Loans by respective state governments under buyback or switch operations.
vi. Additional shifting of securities explicitly permitted by the Reserve Bank of India.
Additional sale of securities explicitly permitted by the Reserve Bank of India
4.e Divergence in Asset Classification and Provisioning
As per RBI Master Direction on Financial Statements - Presentation and Disclosures No. DOR.ACC.REC. N0.86/21.04.018/2025-26 dated
November 28, 2025, in case the
additional provisioning for NPAs assessed by RBI as part of its supervisory process, exceeds 5% of the reported profit before provisions and contingencies for the reference period and the additional gross NPAs identified by RBI as part of its supervisory process, exceed 5% of the reported incremental Gross NPAs for the reference period, then the banks are required to disclose divergence from prudential norms on income recognition, assets classification and provisioning.
No divergences on the above aspect have been assessed by RBI, hence no disclosure is required with respect to RBl's
annual supervisory process for FY 202425.
(Previous year Disclosure on divergence in Asset classification and provisioning for NPAs is not required w.r.t. RBI's annual supervisory process for the year ended March 31, 2025 based on conditions mentioned in RBI Master Direction no. RBI/DOR/2021-22/83 DOR.ACC.REC. No.45/21.04.01 8/2021-22 dated August 30, 2021 (Updated as on October 25, 2023).
4.f Disclosure of Transfer of Loan Exposures (Total amount of loans not in default / stressed (SMA & NPA) loans transferred and acquired to / from other entities) in terms of RBI Circular No. DOR.STR. REC.78./21.04.048/2025-26 dated November 28, 2025:
4.f.i Loans not in default transferred (through assignment/ novation and loan
As per the "Master Direction - Classification, Valuation and Operation of Investment Portfolio of Commercial Banks (Directions), 2025", entire investments in SRs have been classified as FVTPL. The securities held in FVTPL are fair valued.
Further, as per Revised norms for Government Guaranteed SRs, such as SRs are valued by reckoning NAV provided by ARC.
The existing book value of standard SRs as on 31.03.2024 was netted against the 100% provision maintained against these investments. Thus, the carrying value of investments in SRs since 01.04.2024 is Nil.
In case of SRs classified as NPI after completion of 8 years, the provision has not been netted, as in the case of standard SRs, however 100% provision is maintained against such SRs. Accordingly, provision of '388.39 Cr. is held against carrying value of NPI SR.
5.c Risk Category-wise Country Exposure:
Total Net Funded Exposure as on 31.03.2026 is '64,835.40 Crores. Total assets of the Bank as on 31.12.2025 were '19,30,213.00 Crores, 1% of total asset is '19,302.13 Crores. Bank exposure to USA Country is beyond 1% of total assets of the bank as on 31.12.2025. Hence, '25.16 Crores provision is required with respect to country risk exposure as on 31.03.2026.
(Previous Period: Total Net Funded Exposure as on 31.03.2025 was '57,726.95 Crores. Total assets of the Bank as on 31.12.2024 were '17,62,410.00 Crores, 1% of total asset is '1 7,624.10 Crores. Bank exposure to USA was beyond 1% of total assets of the bank as on 31.12.2024. Hence, provision of '25.33 Cr. is required with respect to country risk exposure as on 31.03.2025.)
5.g Unhedged Foreign Currency Exposure:
The Bank has framed a policy to manage Currency Induced Credit Risk and has been incorporated in Bank's Credit Management & Risk Policy 2025-26 as follows:
In terms of RBI guidelines, the Bank has framed a policy to manage currency induced credit risk and has incorporated the same in bank's current Credit Management & Risk Policy as follows:
"In terms of RBI guidelines, Bank monitors the currency wise Un-hedged Foreign Currency Exposure in the books of borrowers at quarter ends along-with the Annualized Earnings before Interest & Depreciation (EBID). The incremental provision (ranging from 0 to 80 bps on total credit exposure, over and above the standard asset provisioning) and capital requirement will depend on likely loss (due to foreign currency fluctuation), that borrowers may face due to their unhedged forex exposure in their books. Bank maintains separate charge and provisioning requirement on account of such exposures which may impact the cost to the borrowers. Appropriate disclosures in the financial statements of the Bank shall also be made."
7.d.i Qualitative disclosures
The Bank uses derivative products for hedging its own balance sheet items as well as for trading purposes. The risk management of derivative operation is headed by a senior executive, who report to top management, independent of the line functions. Trading positions are marked to market on daily basis.
The derivative policy is framed by Integrated Risk Management Division, which includes measurement of credit risk and market risk.
The hedge transactions are undertaken for balance sheet management. Proper system for reporting and monitoring of risks are in place. Policy for hedging and processes for monitoring the same is in place.
Accounting policy for recording hedge and non-hedge transactions are in place, which includes recognition of income, premiums and discounts.
Valuation of outstanding contracts, provisioning, collateral and credit risk mitigation are being done.
15. OTHER DISCLOSURE WITH RESPECT TO CERTAIN ACCOUNT STANDARDS
15.a Accounting Standard 5 - Net Profit or Loss for the period, Prior Period Items and Change in Accounting Policy
During the Current and Previous year there were no material prior period income/ expenditure items requiring disclosure under Accounting Standard 5.
There is no material impact of changes in Significant Accounting Policies followed for preparation of financial results for the quarter as compared to those followed for the preparation of financial statements for the quarter ended December 31,2025.
To the extent of impact of these guidelines, the corresponding previous periods' / year's figures are not comparable with that of the current period.
15.b Accounting Standard 9 - Revenue
Recognition
Certain items of income are recognized on realization basis as per Accounting Policy No. 3.5. However, the said income is not considered to be material.
(Previous year: Certain items of income are recognized on realization basis as per Accounting Policy No. 3.5. However, the said income is not considered to be material).
15.f Accounting Standard 17 - Segment
Reporting
Segment Identification
A. Primary (Business Segment): The following are the primary segments of the Bank.
i. Treasury: The Treasury Segment
includes the entire investment portfolio and trading in foreign exchange
contracts and derivative contracts. The revenue of the treasury segment primarily consists of fees and gains or losses from trading operations and interest income on the investment portfolio.
ii. Retail Banking: As per RBI (Commercial Banks - Financial Statements: Presentation and Disclosures) Directions, 2025 dated November 28, 2025, Retail Banking shall include exposures which fulfil the four criteria of orientation, product, granularity, and low value of individual exposures for retail exposures laid down in RBI
(Commercial Banks - Prudential Norms on Capital Adequacy) Directions, 2025. Individual housing loans will also form part of Retail Banking segment for this purpose.
As per RBI guidelines, for the purpose of disclosure under Accounting Standard 17, Segment Reporting, Digital Banking Segment has been identified as sub-segment under Retail Banking by Reserve Bank of India (RBI). As on March 31, 2026, 8 (eight) Digital Banking Units (DBUs) of the Bank are operational and the segment information disclosed as Digital Banking under Retail Banking Operations is related to the said DBUs.
iii. Corporate / Wholesale Banking includes all advances which are not included under 'Retail Banking'.
iv. Other Banking Operations: Segments not classified under (i) to (iii) above are classified under this primary segment.
B. Secondary (Geographical Segment)
i. Domestic Operations - Branches/ Offices having operations in India.
ii. Foreign Operations - Branches/Offfces having operations outside India and offshore banking units having operations in India.
C. Basis of Allocation:
i. The interest income is allocated on the basis of actual interest received from different segments.
ii. Expenses not directly attributable are allocated on the basis of Interest income earned by the wholesale banking / retail banking segment/ other banking segment.
iii. Capital employed for each segment is calculated based on the assets and liabilities of that particular segment.
iv. The Bank has certain common assets and liabilities, which cannot be attributed to any segment, and the same are treated as unallocated.
15.h Accounting Standard 19 - Lease
15.h.i Operating lease primarily comprise office premises, which are renewable at the option of the bank normally at the end of every 3rd / 5th year.
15.h.ii As per the information available, noncancellable lease as on 31.03.2026: Nil (Previous Period as on 31.03.2025: Nil).
15.h.iii Bank has created a lease equalization reserve of '29.74 Crores on the straightline method for the period ended 31st March 2026 and previous year ended 31st March 2025 '24.41 Crores.
15.h.iv The amount of lease payment recognized in P & L Account for operating lease is as below:
Current year: The net deferred tax assets of ' 8,329.65 Crores is debited to Profit and Loss Account for the year ended 31.03.2026. (Previous Year: Debited '1,598.06 Cr).
Current year: The deferred tax assets of '233.57 Crores have been credited to AFS reserve for the Financial year ended 31.03.2026. (Previous Year: '203.87 Crores)
15.j.ii Current Tax: During the current FY ended 31.03.2026 the Bank has debited '1,516.05 Crores to Profit & Loss Account. (Previous year 31.03.2025: Debited '6,927.80 Crores) on account of current tax. Accordingly, the total tax expenses on account of current tax and deferred tax charged to Profit and Loss account amounts to '9,845.70 Crores.
15.j.iii During the quarter ended 30.06.2025, the Bank decided to exercise option of lower tax regime under Section 115BAA of the Income Tax Act, 1961 with effect from FY 2025-26 (AY 202627). Accordingly, deferred tax assets were remeasured based on the tax
rate applicable as per new regime along with release of certain income tax provisions which were no longer required, resulting in one time charge of '3,324.24 Crores in the profit and loss account. The Tax expenses for the half year ended 31.03.2026 have been measured at the applicable rates as per Section 115BAA of the Income Tax Act, 1961.
15.j.iv Tax Paid in advance/Tax deducted at source appearing under "Other Assets" includes disputed amount adjusted by the department/paid by the Bank in respect of tax demands for various assessment years.
15.j.v No provision is considered necessary in respect of disputed Income Tax demands of '10,647.16 Crores as on FY ended 31.03.2026 (Previous financial year ended 31.03.2025 - '11,413.24 Crores) as in the Bank's view, duly supported by expert opinion and/or decision in Bank's own appeals on same issues, additions / disallowances made are not sustainable.
15.j.vi The current tax expenses and deferred tax expenses are determined in accordance with the provisions of the Income Tax Act, 1961 and as per the Accounting Standard 22- "Accounting for Taxes on Income" issued by the Institute of Chartered Accountants of India respectively. The current Tax in India has been calculated in accordance with the provisions of Income Tax Act 1961 after taking appropriate relief for taxes paid on foreign jurisdiction.
15.k Accounting Standard 23 - Accounting for Investments in Associates, in Consolidated Financial Statements
Since Investments of the bank in its Associates are participative in nature and the Bank having the power to exercise significant influence on their activities, such Investments are recognized in the Consolidated Financial Statements of the Bank.
(Previous year: Since Investments of the bank in its Associates are participative in nature and the Bank having the power to exercise significant influence on their activities, such Investments are recognized in the Consolidated Financial Statements of the Bank).
15.l Accounting Standard 24 - Discontinuing
Operations
During the period from 01.04.2025 to 31.03.2026, the Bank has not discontinued any operations of any of its branches, which resulted in shedding of liability and realization of assets and no decision has been finalized to discontinue an operation in its entirety which have the above effect.
(Previous year: During the previous financial year (FY 2024-25), the Bank has not discontinued any operations of any of its branches, which resulted in shedding of liability and realization of assets and no decision has been finalized to discontinue an operation in its entirety which have the above effect).
15.n Accounting Standard 28 - Impairment of Assets
A substantial portion of the bank's assets comprises 'Financial Assets' to which Accounting Standard 28 'Impairment of Assets' is not Applicable. In the opinion of the bank, there is impairment of '17.92 crores of its assets (to which the standard applies) to any material extent as at 31.03.2026 requiring recognition in terms of the said standard.
(Previous Period: A substantial portion of the bank's assets comprises 'Financial Assets' to which Accounting Standard 28 'Impairment of Assets' is Not Applicable. In the opinion of the Bank, there is no impairment of its assets (to which the standard applies) to any material extent as at 31.03.2025 requiring recognition in terms of the said standard).
15.o Accounting Standard 29 - Provisions, Contingent Liabilities and Contingent Assets
LIMITS AS PER LARGE EXPOSURE (LE) FRAMEWORK PRESCRIBED BY RBI FOR INDIVIDUAL/GROUP BORROWERS:
Details of accounts where Bank has exceeded prudential exposure ceilings as per Large Exposure (LE) framework in respect of any Individual (Prescribed Ceiling 20% of Tier-1 Capital of the Bank) and Group Accounts (Prescribed Ceiling 25% of Tier-1 Capital of the Bank) based on Tier - 1 Capital of '1,16,234.90 Crores (Previous Year: '1,01,866.30 Crores) for LE framework.
RBI Circular dated 03.06.2019 has given leverage of 5% over and above the ceiling of 20% of single counterparty under the Bank's Board Power. Board in its meeting dated 28.03.2017 has approved that bank may in exceptional circumstances consider enhancement of the exposure ceiling for single counterparty classified as Large Exposure up to 5% over and above ceiling of 20%.
* The same was approved by the Board in its meeting dated
16.11.2023.
~ The same was approved by the Board in its meeting dated
27.02.2024.
All the exposure (other than exempted exposure) of Individual and Group Accounts for the year ended 31.03.2026, are within the prescribed regulatory limits, as per LE Framework.
17. DISCLOSURE: LETTER OF COMFORT (LOC)
17.a Regarding RRBs
As on 31.03.2026, PNB (as a Sponsor Bank) has issued Letters of Comfort in favour of Micro Units Development & Refinance Agency Limited (MUDRA Ltd.) on behalf of Manipur Rural Bank (MRB) and Bihar Gramm Bank (BGB) for enabling these Sponsored RRBs to become Member Lending Institutions (MLIs) for MUDRA Loans.
Based on the financials of MRB and Letter of Comfort issued by PNB, MUDRA has worked out the refinance limits for MRB for ' 3.25 Crores. However, MRB has not availed any refinance during the period April to March 2026. No refinance limit was fixed by MUDRA Ltd. for BGB during the FY 2025-2026.
17.b Regarding Subsidiaries and other Associates
"The Bank has issued a Letter of Comfort to Prudential Regulation Authority (PRA), the regulator in United Kingdom, committing that the bank shall provide financial support to its subsidiary, Punjab National Bank (International) Ltd., UK so that it meets its financial commitments as and when they fall due."
The said Letter of Comfort has been renewed on 15.03.2022 after seeking
approval of our Board in favor of PRA w.r.t. our subsidiary PNBIL wherein we have reiterated our commitment. The renewal was done as per instruction of PRA and RBI. Further, Annual assessment of impact of LOC was approved by the Board in its meeting held on 28.02.2026, as per which the Bank does not foresee any crystallization of financial obligation. Therefore, there is no financial impact on account of this LOC for FY 2025-26.
Apart from the above, the Bank has not issued any Letter of Comfort to Group Entities (subsidiaries and associates).
18. DISCLOSURE: LETTER OF
UNDERTAKING (LOU)
The Bank has provided a Letter of Undertaking for PNB IBU Gift City Branch under Regulation 3 (3) of International Financial Service Centre Authority (IFSCA) that:
- "Bank will provide support and assistance (including liquidity, whenever needed) and as may be appropriate to enable the banking unit to meet its obligations in the course of its obligation".
Apart from the above the Bank has not issued any Letter of Comfort for overseas branches and there are no cumulative financial obligations under the Letter of Comfort.
19. REWARD POINTS OF CREDIT CARD
PNB Credit Card holders are rewarded as and when they make purchases through usage of Credit Card. Reward Points are generated at the time of usage of Credit Card by Cardholder at merchant Establishment. Card holders can redeem the accumulated reward points. The amount payable on account of reward points is charged to the Profit and Loss account and credited to Sundry Provision Account on daily basis.
29. As per RBI Letter no. DBR.
No.BP.1 5199/21.04.048/201 6-1 7 dated June 23, 2017 (RBI List-1) and Letter no. DBR.BP.1 908/21.04.048/201 7-1 8
dated August 28, 2017 (RBI List-2) for the accounts under the provisions of Insolvency & Bankruptcy Code (IBC), where the Bank is having exposure, the Bank is holding total provision of '6,774.86 Crores (Aggregate provision for RBI List 1 and List 2 accounts is 100%) as on 31.03.2026. (Previous Period: '6,749.62 Crores (Aggregate provision of RBI List 1 and List 2 accounts is 100%) as on 31.03.2025.)
30. As on March 31, 2026, the Bank is holding an additional provision of '107.24 Crores (additional provision outstanding at end of previous FY was
21. CORPORATE DEBT SECURITIES LENT OR ACQUIRED UNDER REPO OR REVERSE REPO TRANSACTIONS
No corporate debt securities lent or acquired under Repo or Reverse Repo during the current financial year ended 31.03.2026 & previous financial year ended 31.03.2025.
22. As per RBI guidelines, the Bank worked out the amount of Inter Branch Credit entries outstanding for more than 5 years to create a Blocked Account. Accordingly, a sum of ' 614.00 (Previous Period ' Nil ) [net of adjustments since carried out has been included under "Other Liabilities-others" in Schedule-5].
23. Premises include 12 properties amounting to '3.72 Crores (Cost) & depreciation amount to '2.47 Crores are awaiting registration of title deeds.
Previous Period (31.03.2025): Premises includes 10 properties amounting to '3.72 Crores (Cost) & depreciation amount to Rs. 2.40 Crores are awaiting registration of title deeds.
24. Premises include Capital work in progress of '443.71 Crores for the FY ended 31.03.2026 (in the previous FY ended 31.03.2025, '295.62 Crores).
25. Guidelines given in Micro, Small and Medium Enterprises Development Act 2006 have been complied with for purchases made during the FY ended March 2026 (FY 2025-26) and payments have been made to the Vendors in time as per Act. Since there had been no delay in payment, no penal interest applicable during FY ended March 2026 (FY 202526)
26. During the year ended 31.03.2026 (01.04.2025 to 31.03.2026) the Bank has revalued Immoveable Properties (forming part of Schedule 10) based on the reports obtained from external Independent valuers. The Revaluation Surplus amounting to '2,507.59 Crores. (Previous Year March 2025- Nil) is credited to the revaluation reserves.
27. The original cost of Fixed Assets is '1,746.30 Crores and Revaluation Reserve is '1 0,634.54 Crores after appreciation/depreciation as on 31.03.2026.
28. Depreciation on Revalued Portion of
Premises for the Financial Year ended 31.03.2026 is '178.83 Crores (Previous quarter ended 31.03.2025 '100.09
Crores).-
'134.19 Crores) on standard accounts restructured under COVID 19 Resolution Framework 1.0 and 2.0, at higher than prescribed rate of 5%/10%, as per Bank's policy based on the evaluation of risk 5, and stress in these sectors, in terms of RBI Master Circular dated April 01, 2025 regarding Prudential norms on Income Recognition, Asset Classification and Provisioning pertaining to Advances.
31. The Board of Directors has recommended a dividend of '3.00 per equity share (150%) for the year ended March 31, 2026, subject to requisite approvals.
32. Fig ures of the previous periods have been regrouped / rearranged / reclassified wherever necessary to conform to current period's classification.
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