Punjab Nationwide Financial institution (PNB) has launched its monetary outcomes for the second quarter of the monetary 12 months 2024-25 on Monday, October 28, 2024.
Punjab Nationwide Financial institution has launched its monetary outcomes for the second quarter of the monetary 12 months 2024-25 on Monday, October 28, 2024.(PTI)
The financial institution’s web revenue shot up by a staggering 145% to ₹4,303 crore in comparison with ₹1,756 crore through the second quarter of the monetary 12 months 2023-24.
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The Web Curiosity Earnings (NII) elevated to ₹10,517 crore from ₹9,923 through the earlier 12 months.
PNB’s whole retail credit score elevated by 14.6% Y-o-Y to ₹2,50,149 crore, with housing loans rising 19.5%, car loans rising 25.0%, agriculture Advances rising by 11.1%, and MSME Advances growing by 8.9%.
In the meantime, the worldwide Web Curiosity Margin (NIM) is now at 2.99% for the primary half of the 2024-25, and a couple of.92% within the second quarter of 2024-25.
The Gross Non-Performing Belongings (GNPA) ratio improved by 248 foundation factors (bps) to 4.48%, in comparison with 6.96% throughout the identical quarter of the earlier 12 months whereas the Web Non-Performing Belongings (NNPA) ratio improved by 101 bps to 0.46% from 1.47% earlier.
The financial institution’s Return on Belongings (RoA) improved to 1.02% from 0.46% earlier.
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PNB’s world enterprise grew 11.93% to ₹25,20,246 crore from ₹22,51,631 crore throughout the identical quarter of the earlier 12 months, with world deposits registering a development of 11.33% on the identical Y-o-Y foundation to ₹14,58,342 crore from ₹13,09,910 crore earlier.
How did PNB’s shares carry out?
Punjab Nationwide Financial institution shares closed within the inexperienced at ₹98.65 on the Bombay Sock Change after the buying and selling session ended on Monday, October 28, 2024. This was a acquire of two.85 factors or 2.97%.
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