Punjab National Bank (PNB) has released its business update for the third quarter of FY25, showing impressive growth across key metrics. The bank’s domestic business surged to ₹25.37 lakh crore, marking a 4.5% increase quarter-on-quarter (QoQ) and a 14.3% rise year-on-year (YoY). Domestic deposits also saw strong growth, reaching ₹14.75 lakh crore, with a 4.2% QoQ and 14.4% YoY increase.
On a global scale, PNB’s total deposits grew to ₹15.30 lakh crore, reflecting a 4.9% QoQ and a 15.6% YoY rise. Similarly, the bank’s global business reached ₹26.42 lakh crore, showing a 4.8% QoQ and 15.3% YoY growth.
The bank’s global advances grew to ₹11.11 lakh crore, up by 4.7% QoQ and 15.0% YoY. Domestic advances also showed a solid increase, rising to ₹10.61 lakh crore, reflecting a 5% QoQ and 14.1% YoY rise. PNB’s credit-deposit (CD) ratio slightly dropped to 72.66% from 72.82% in the previous quarter.
The bank’s net profit for the second quarter was ₹4,303.5 crore, significantly higher than ₹1,756 crore in the same period last year. PNB also reported a 6% growth in net interest income (NII), which rose to ₹10,517 crore compared to ₹9,923 crore YoY, indicating healthy momentum in its core lending business.
Additionally, PNB showed an improvement in asset quality, with gross non-performing assets (NPA) declining to 4.48%, down from 4.98% in the previous quarter. More details will be released soon. If you have not yet joined our WhatsApp news group then, Click here to join our Whatsapp news group.
