Punjab National Bank Global Business touches Rs.22.5 lakh crore

Shares of Punjab National Bank (PNB) jumped nearly 1.6 percent on October 5 as the public sector bank announced a year-on-year (YoY) growth in total business, registering an 11.3 percent increase, reaching Rs 22.5 lakh crore for the second fiscal quarter in FY24.

Total deposits grew 9.7 percent YoY to Rs 13.08 lakh crore, of which domestic deposits were Rs 12.76 lakh crore, rising 9.3 percent year-on-year.

CASA deposits increased 2.6 percent year-on-year, coming in at Rs 5.4 lakh crore, up from Rs 5.2 lakh crore in the corresponding quarter in FY23. Global gross advances stood at Rs 9.4 lakh crore, up 13.8 percent year-on-year, while domestic advances increased by 13.9 percent YoY to Rs 9.08 lakh crore.

Detailed report will be published soon. Mean while you can check Q1 results given below.

Punjab National Bank Global Business (Amt in cr)