Punjab National Bank (PNB) reported its business update for Q3 FY25. The bank’s domestic business grew to ₹25.37 lakh crore, registering a growth of 4.5% quarter-on-quarter (QoQ) and 14.3% year-on-year (YoY).
Domestic deposits grew to ₹14.75 lakh crore, registering a growth of 4.2% quarter-on-quarter and 14.4% year-on-year.
Global deposits stood at ₹15.30 lakh crore, registering a growth of 4.9% quarter-on-quarter and 15.6 percent year-on-year.
Global business reached ₹26.42 lakh crore, witnessing a growth of 4.8% quarter-on-quarter and 15.3% year-on-year.
The bank’s global advances reached ₹11.11 lakh crore, witnessing a growth of 4.7% quarter-on-quarter and 15.0% year-on-year, while domestic advances grew to ₹10.61 lakh crore.
This shows a growth of 5% quarter-on-quarter and 14.1% year-on-year.
The global loan-to-deposit (CD) ratio declined slightly to 72.66 per cent from 72.82 per cent in the previous quarter.
In the second quarter, the bank’s net profit reached ₹4,303.5 crore, up from ₹1,756 crore in the same period last year.
The bank’s net interest income (NII) grew 6% year-on-year to ₹10,517 crore as against ₹9,923 crore year-on-year, reflecting healthy momentum in core loans.
PNB also showed improvement in asset quality with gross non-performing assets (NPAs) declining to 4.48% from 4.98% in the previous quarter.
