PNB (Punjab National Bank)’s standalone net profit in the July-September quarter grew 145% year-on-year to Rs 4,303 crore. It was Rs 1,756 crore in the same quarter last year.
At the same time, the bank’s net profit has also increased by 32.31% every quarter. In the previous quarter (Q1FY25), the bank’s profit was Rs 3,252 crore. PNB has released the results for Q2FY25 i.e. the second quarter of financial year 2024-25 on Monday (28 October).
The total income of the PNB increased by 17.23%
In the September quarter, the bank’s total income grew 17.23% on an annual basis to Rs 34,447 crore, which was Rs 29,383 crore in the same quarter last year. On a quarterly basis, the bank’s income has decreased by 8%. In the previous quarter, it was Rs 32,166 crore.
Net interest income increased by 6%
In the September quarter, Punjab PNB’s net interest income (NII) grew 6% on an annual (YoY) basis to Rs 10,517 crore. It was Rs 9,923 crore in the same quarter last year. On the other hand, the bank’s net interest income has increased by 0.39% every quarter. It was Rs 10,476 crore in the previous quarter.
PNB shares gave a 35.30% return in one year
PNB’s share today rose 3.40% to close at Rs 98.97. With this, the company’s market cap has reached Rs 1.13 lakh crore. In the last six months, the bank’s share has fallen by 27.89%. In one year, the bank’s share has risen by 35.30%.
Punjab National Bank has more than 12,250 branches in the country
Punjab National Bank provides banking and financial services. The founders of the bank are Dayal Singh Majithia and Lala Lajpat Rai. This bank was established in 1894. Its headquarters is in Delhi.
The managing director and chief executive officer (CEO) of the bank is Atul Kumar Goyal. Punjab National Bank has more than 12,250 branches and more than 13,000 ATMs in the country.
