Punjab National Bank Financial Results March 2025 [PDF]

Hellobanker Team

May 7, 2025

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Punjab National Bank (PNB) has released its financial results for March 2025. PNB has reported a strong financial performance for the quarter and full financial year ending in March 2025. Punjab National Bank (PNB) on Wednesday reported a 51.7% Y-o-Y growth in net profit for the March 2025 quarter. Net Profit for Q4’FY25 rose to Rs 4,567 crore against Rs 3,010 Crore in Q4FY’24. The PNB board also approved fund raise of up to Rs 8,000 cr via issuance of Basel III compliant bonds. The board declared a dividend of Rs 2.9 per share.

Financial Highlights – FY 2025 & Q4 FY25

Deposits

Savings Deposits grew by 3.8% year-on-year to ₹4,98,429 crore.
Current Deposits rose by 4.0% year-on-year to ₹75,114 crore.
CASA Deposits (Current + Savings) increased by 3.8% year-on-year to ₹5,73,543 crore.
CASA Ratio stands at 37.95% as of March 2025.
Term Deposits grew significantly by 21.5% year-on-year to ₹9,93,080 crore.

Advances

Total Retail Credit rose by 16.5% year-on-year to ₹2,59,363 crore.
Core Retail Advances posted a 18.2% year-on-year growth. Within this:
- Housing Loans grew by 18.3% to ₹1,16,312 crore.
- Vehicle Loans surged by 25.5% to ₹26,056 crore.
Agriculture Advances increased by 14.2% to ₹1,80,625 crore.
MSME Advances rose by 16.8% year-on-year to ₹1,62,693 crore.

Key Highlights

Net Profit:
- ₹16,630 crore in FY 2025, up by 101.7% year-on-year.
- ₹4,567 crore in Q4 FY25, up by 51.7% from ₹3,010 crore in Q4 FY24.
Return on Assets (RoA):
- Improved to 1.02% in Q4 FY25 from 0.77% in Q4 FY24 (up 25 basis points).
- For the full year FY25, RoA rose to 0.97% from 0.54% in FY24 (up 43 basis points).
Return on Equity (RoE):
- Improved to 19.23% in Q4 FY25 from 16.48% in Q4 FY24.
- For the full year, RoE increased to 19.33% from 11.66% in FY24.
Net Interest Income (NII):
- ₹42,782 crore in FY25, up by 6.7% year-on-year.
- ₹10,757 crore in Q4 FY25, up from ₹10,363 crore in Q4 FY24.

Asset Quality

Gross NPA (GNPA) Ratio:
- Improved to 3.95% as of March 2025 from 5.73% in March 2024 (down 178 bps).
Net NPA (NNPA) Ratio:
- Improved to 0.40% as of March 2025 from 0.73% in March 2024 (down 33 bps).
Provision Coverage Ratio (PCR):
- Including Write-offs (TWO): Improved to 96.82% in March 2025 from 95.39% last year.
- Excluding Write-offs: Improved to 90.27% from 87.93% (up 234 bps).
Credit Cost:
- Reduced to 0.21% in Q4 FY25 from 0.81% in Q4 FY24 (down 60 bps).

Global Business Performance

Global Business:
- Reached ₹26,83,260 crore as of March 2025, up by 14.03% year-on-year.
Global Deposits:
- Increased to ₹15,66,623 crore from ₹13,69,713 crore (up 14.38%).
Global Advances:
- Grew to ₹11,16,637 crore from ₹9,83,325 crore (up 13.56%).
Retail, Agriculture, and MSME (RAM) Advances:
- Rose to ₹6,02,682 crore from ₹5,20,050 crore (up 15.89%).