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Punjab National Bank's Q2 FY24-25 consolidated results highlight a notable increase in revenue, driven by diverse operational segments. With significant PAT growth and improved asset quality, the bank showcases a positive outlook amid sector challenges.
The second quarter results of FY24-25 for Punjab National Bank (PNB) underline its robust performance with consolidated income touching ₹35,111.47 crore, a 6.6% increase from the previous quarter. PAT has shown remarkable growth, reaching ₹4714.14 crore due to optimized expenses and high provisioning levels that contribute to the stability in asset quality.
Metric | Q2 FY24-25 | Q1 FY24-25 | Q2 FY23-24 |
Total Income | ₹35,111.47 Cr | ₹32,759.89 Cr | ₹29,857.05 Cr |
Operating Profit | ₹7,008.80 Cr | ₹6,653.63 Cr | ₹6,239.06 Cr |
PAT | ₹4,714.14 Cr | ₹3,976.86 Cr | ₹1,990.18 Cr |
Gross NPA (%) | 4.48% | 4.98% | 6.96% |
Net NPA (%) | 0.46% | 0.60% | 1.47% |
Total Deposits | ₹14,68416.4 Cr | ₹14,17326.97 Cr | ₹13,18263.66 Cr |
Punjab National Bank has aligned well with sector expectations, showcasing resilience against industry volatility. The bank’s stable deposit growth and reduced provisioning may indicate a positive outlook, aligning with broader industry recovery trends.
The management emphasized PNB's focus on strengthening asset quality, growing revenue, and stabilizing operational efficiency. They remain optimistic about sustained growth in corporate and retail sectors, bolstered by continued digital transformation and targeted expansion strategies.
Check out Punjab National Bank past performances in previous quarters and financial years.
Punjab National Bank's Q2 results for FY24-25 illustrate a balanced growth approach, with solid financial performance across segments. With strong revenue generation, improved PAT, and significant NPA reduction, PNB sets a positive course in an evolving market landscape.
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